514, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in May 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 514, Elite Downtown Residence
What is 514 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,760 sqft
- Floor
- 5th of 23
- Parking
- B-70
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 30,700 /yr
- Last sold
- AED 2.2M · May 2022
- Building
- Elite Downtown Residence
About 514, Elite Downtown Residence
514 is a two-bedroom apartment of 1,760 sqft on the 5th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 19 May 2022 for AED 2,198,300, or AED 1,249 per sqft, 18% below the AED 1,521 two-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 1 February 2025, is AED 155,000 a year: a gross yield of 7.0% on the 2022 price, before the service charge of about AED 30,700 a year.
Sales and rents for 514 over time
514 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Elite Downtown Residence, and where 514 sits
All 68 2-beds →514 last sold in May 2022 at AED 1,249 per sqft, 18% below what two-beds in Elite Downtown Residence were fetching at the time (AED 1,521). Over the last 12 months two-beds sold for AED 1,250,000, around AED 1,830 per sqft, and rent for AED 155,000 to 220,000 a year. 514's AED 155,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Dec 202511 December 2025 | 683 sqft | 1,250,000 | 1,830 | ||
| 14 Feb 202514 February 2025 | 1,760 sqft | 2,924,000 | 1,661 | ||
| 30 Jan 202530 January 2025 | 1,760 sqft | 2,400,000 | 1,363 | ||
| 11 Nov 202411 November 2024 | 1,760 sqft | 2,900,000 | 1,647 |
Elite Downtown Residence
Building454 apartments, studios to 3-bed over 23 floors in Downtown Dubai, completed in 2022 by Triplanet Elite Developements. 8 sold in the last 12 months.
- Typical price per sqft
- AED 2,321
- Typical sale
- AED 1.23M
- Typical rent
- AED 105K /yr
- Typical yield
- 6.3%
Other units on the 5th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 1-bed | 821 sqft | AED 1.9MAED 1,900,000 · May 2022May 2022 | ||
| 502 | 1-bed | 806 sqft | AED 2.32MAED 2,317,100 · May 2022May 2022 | ||
| 503 | Studio | 495 sqft | AED 1.06MAED 1,059,100 · Apr 2022April 2022 | ||
| 504 | 3-bed | 1,616 sqft | AED 3.7MAED 3,700,000 · Dec 2022December 2022 | ||
| 505 | 2-bed | 1,363 sqft | AED 2.3MAED 2,300,000 · Dec 2022December 2022 | ||
| 506 | Studio | 536 sqft | AED 931KAED 931,000 · May 2022May 2022 | ||
| 507 | Studio | 531 sqft | AED 950KAED 950,000 · May 2022May 2022 | 120,000 /yr | |
| 508 | Studio | 516 sqft | AED 941KAED 940,500 · Jun 2022June 2022 | ||
| 509 | 1-bed | 1,002 sqft | AED 1.22MAED 1,217,130 · Apr 2022April 2022 | 130,000 /yr | |
| 510 | 1-bed | 1,003 sqft | AED 1.15MAED 1,150,000 · Apr 2022April 2022 | ||
| 511 | Studio | 524 sqft | AED 1.1MAED 1,100,000 · Nov 2023November 2023 | ||
| 512 | Studio | 531 sqft | AED 950KAED 950,000 · Jul 2022July 2022 | 72,000 /yr | |
| 513 | Studio | 541 sqft | AED 790KAED 790,000 · Aug 2022August 2022 | 70,000 /yr | |
| 515 | 433 sqft | AED 1.16MAED 1,160,000 · Oct 2025October 2025 | 52,000 /yr | ||
| 516 | 2-bed | 1,628 sqft | AED 2.95MAED 2,947,680 · Sep 2023September 2023 | ||
| 517 | 524 sqft | AED 1.05MAED 1,050,000 · Aug 2025August 2025 | 65,000 /yr | ||
| 518 | 1-bed | 807 sqft | AED 1.23MAED 1,228,845 · Feb 2022February 2022 | 145,000 /yr | |
| 519 | 1-bed | 807 sqft | AED 1.46MAED 1,455,000 · May 2022May 2022 | 113,000 /yr | |
| 520 | Studio | 526 sqft | AED 750KAED 750,000 · Dec 2021December 2021 | 75,000 /yr |
514, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 19 May 2022 for AED 2,198,300, or AED 1,249 per sqft.
- Rented since May 2023 on 3 Ejari contracts, from AED 158,000 to AED 155,000 a year.
- At AED 155,000 a year the gross yield on the 2022 price is 7.0%, before a service charge of about AED 30,700 a year (AED 17.47 per sqft).
- Two-beds in Elite Downtown Residence sold for AED 1,250,000–1,250,000 in the 12 months to November 2026; the building's median across all types is AED 2,321 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 1 February 2025.
Questions about 514, Elite Downtown Residence
What did unit 514 last sell for?
AED 2,198,300 on 19 May 2022, sold by the developer: AED 1,249 per sqft for 1,760 sqft. It is the only registered sale of the unit.
What is the rent for unit 514?
AED 155,000 a year on the contract signed on 1 February 2025. The previous contract, from May 2024, was AED 172,000; the unit has been rented since May 2023.
How big is unit 514?
1,760 sqft (163.5 sqm): a two-bedroom apartment on the 5th floor of a 23-storey tower completed in 2022.
What is unit 514 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Downtown Residence sold for AED 1,250,000 to 1,250,000 in the last 12 months, around AED 1,830 per sqft.
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Mortgage on 514, Elite Downtown Residence
Starts from the last sale price (AED 2.2M, 19 May 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,198,300
- Deposit, UAE resident (20%)
- AED 439,660
- Deposit, non-resident (40%)
- AED 879,320
- Monthly over 25 years at 3.7%
- AED 8,994
Plus AED 97,339 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →