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1-bed · 807 sqftElite Downtown Residence, Downtown Dubai · 4th floor · completed 2022

419, Elite Downtown Residence

Sold prices and rental history: sold once, by the developer in April 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 419 · DLD and Ejari recordsUpdated 16 May 2024
Last soldAED 1.25M8 April 2022
Current rentAED 105K /yr16 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 419, Elite Downtown Residence

What is 419 worth today?

Last sold for AED 1,250,000 in 2022

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16 May 2024RentedNew contract
AED 105,000/yr12 months · AED 130 per sqft
15 May 2023RentedNew contract
AED 105,000/yr12 months · AED 130 per sqft
8 Apr 2022Sold by developerReady
AED 1,250,000AED 1,548 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 16 May 2024.

Key facts

Type
1-bed apartment
Size
807 sqft
Floor
4th of 23
Parking
M-12
Developer
Triplanet Elite Developements
Completed
2022
Service charge
AED 14,100 /yr
Last sold
AED 1.25M · April 2022
Building
Elite Downtown Residence

About 419, Elite Downtown Residence

419 is a one-bedroom apartment of 807 sqft on the 4th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 8 April 2022 for AED 1,250,000, or AED 1,548 per sqft, 4% below the AED 1,611 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 16 May 2024, is AED 105,000 a year: a gross yield of 8.4% on the 2022 price, before the service charge of about AED 14,100 a year.

Sales and rents for 419 over time

Sales
Unit 419, each saleTypical one-bed in Elite Downtown Residence
1.5M2M202120232025Typical sale price by year: 2021 AED 1,258,800; 2022 AED 1,528,625; 2023 AED 2,274,840; 2024 AED 1,650,000; 2025 AED 1,950,000Sold by developer, April 2022: AED 1,250,000 (AED 1,548 per sqft)

419 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 419, each contractTypical one-bed in Elite Downtown Residence
100K120K202220242026Typical rent by year: 2022 AED 95,000; 2023 AED 105,000; 2024 AED 110,000; 2025 AED 108,000; 2026 AED 125,000New contract, May 2023: AED 105,000 a yearNew contract, May 2024: AED 105,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Downtown Residence, and where 419 sits

All 132 1-beds →

419 last sold in April 2022 at AED 1,548 per sqft, 4% below what one-beds in Elite Downtown Residence were fetching at the time (AED 1,611). Over the last 12 months one-beds sold for AED 2,065,000 to 2,190,000, around AED 2,635 per sqft, and rent for AED 97,000 to 145,000 a year. 419's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Dec 20252,190,000
26 Jun 20251,900,000
19 Jun 20252,250,000
3 Mar 20251,650,000
2 1-bed sales in the last 12 months

Elite Downtown Residence

Building

454 apartments, studios to 3-bed over 23 floors in Downtown Dubai, completed in 2022 by Triplanet Elite Developements. 9 sold in the last 12 months.

Typical price per sqft
AED 2,309
Typical sale
AED 1.2M
Typical rent
AED 105K /yr
Typical yield
6.3%
Elite Downtown Residence, Downtown Dubai: prices, sales and rents →

Other units on the 4th floor

All 454 units in Elite Downtown Residence
Value
4011-bedAED 1.42M · Apr 2022
4021-bedAED 2.19M · Dec 2025
403StudioAED 1.6M · Aug 2024
4043-bedAED 4M · Oct 2022
4052-bedAED 2.17M · Apr 2022
406StudioAED 995K · Jul 2018
407StudioAED 926K · Jun 2022
1–7 of 19

419, Elite Downtown Residence in numbers

  • Sold once: by Triplanet Elite Developements on 8 April 2022 for AED 1,250,000, or AED 1,548 per sqft.
  • Rented since May 2023 on 2 Ejari contracts, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2022 price is 8.4%, before a service charge of about AED 14,100 a year (AED 17.47 per sqft).
  • One-beds in Elite Downtown Residence sold for AED 2,065,000–2,190,000 in the 12 months to November 2026; the building's median across all types is AED 2,309 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 16 May 2024.

Questions about 419, Elite Downtown Residence

What did unit 419 last sell for?

AED 1,250,000 on 8 April 2022, sold by the developer: AED 1,548 per sqft for 807 sqft. It is the only registered sale of the unit.

What is the rent for unit 419?

AED 105,000 a year on the contract signed on 16 May 2024. The previous contract, from May 2023, was AED 105,000.

How big is unit 419?

807 sqft (75.0 sqm): a one-bedroom apartment on the 4th floor of a 23-storey tower completed in 2022.

What is unit 419 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Downtown Residence sold for AED 2,065,000 to 2,190,000 in the last 12 months, around AED 2,635 per sqft.

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Mortgage on 419, Elite Downtown Residence

Starts from the last sale price (AED 1.25M, 8 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

Plus AED 57,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →