616, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in September 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 616, Elite Downtown Residence
What is 616 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 September 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,630 sqft
- Floor
- 6th of 23
- Parking
- P1-49
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 28,500 /yr
- Last sold
- AED 3.02M · September 2023
- Building
- Elite Downtown Residence
About 616, Elite Downtown Residence
616 is a two-bedroom apartment of 1,630 sqft on the 6th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 13 September 2023 for AED 3,018,880, or AED 1,851 per sqft, in line with the AED 1,826 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 616 over time
616 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 616 sits
All 68 2-beds →616 last sold in September 2023 at AED 1,851 per sqft, in line with what two-beds in Elite Downtown Residence were fetching at the time (AED 1,826). 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.
| 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. 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%
Other units on the 6th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 1-bed | 824 sqft | AED 1.65MAED 1,650,000 · Feb 2025February 2025 | 105,000 /yr | |
| 602 | 1-bed | 809 sqft | AED 1.76MAED 1,757,700 · Jun 2022June 2022 | 119,678 /yr | |
| 603 | Studio | 497 sqft | AED 1.29MAED 1,285,000 · Mar 2022March 2022 | ||
| 604 | 3-bed | 1,616 sqft | AED 3.49MAED 3,485,240 · Sep 2023September 2023 | 220,000 /yr | |
| 605 | 2-bed | 1,366 sqft | AED 2.34MAED 2,340,000 · Sep 2022September 2022 | 96,000 /yr | |
| 606 | Studio | 536 sqft | AED 968KAED 968,200 · Jun 2022June 2022 | 75,000 /yr | |
| 607 | Studio | 533 sqft | AED 967KAED 967,200 · Jun 2022June 2022 | 84,000 /yr | |
| 608 | Studio | 514 sqft | AED 954KAED 954,100 · Jun 2022June 2022 | 70,000 /yr | |
| 609 | 1-bed | 1,006 sqft | AED 1.15MAED 1,150,000 · Apr 2022April 2022 | ||
| 610 | 1-bed | 990 sqft | AED 1.18MAED 1,179,000 · Feb 2022February 2022 | ||
| 611 | Studio | 521 sqft | AED 820KAED 820,000 · May 2022May 2022 | 78,000 /yr | |
| 612 | Studio | 534 sqft | AED 860KAED 860,000 · Apr 2022April 2022 | 75,000 /yr | |
| 613 | Studio | 542 sqft | AED 860KAED 860,000 · Apr 2022April 2022 | 70,000 /yr | |
| 614 | 2-bed | 1,760 sqft | AED 2.23MAED 2,233,500 · Mar 2022March 2022 | ||
| 615 | Studio | 431 sqft | AED 1.21MAED 1,206,840 · Sep 2023September 2023 | 80,000 /yr | |
| 617 | Studio | 522 sqft | AED 1.15MAED 1,145,000 · Apr 2022April 2022 | ||
| 618 | 1-bed | 810 sqft | AED 2.26MAED 2,259,600 · Jan 2023January 2023 | ||
| 619 | 1-bed | 810 sqft | AED 2.39MAED 2,387,400 · Nov 2022November 2022 | ||
| 620 | Studio | 526 sqft | AED 1.19MAED 1,190,000 · Jan 2025January 2025 |
616, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 13 September 2023 for AED 3,018,880, or AED 1,851 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 2,309 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 13 September 2023.
Questions about 616, Elite Downtown Residence
What did unit 616 last sell for?
AED 3,018,880 on 13 September 2023, sold by the developer: AED 1,851 per sqft for 1,630 sqft. It is the only registered sale of the unit.
How big is unit 616?
1,630 sqft (151.4 sqm): a two-bedroom apartment on the 6th floor of a 23-storey tower completed in 2022.
What is unit 616 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 616, Elite Downtown Residence
Starts from the last sale price (AED 3.02M, 13 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 3,018,880
- Deposit, UAE resident (20%)
- AED 603,776
- Deposit, non-resident (40%)
- AED 1,207,552
- Monthly over 25 years at 3.7%
- AED 12,351
Plus AED 131,803 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →