701, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in August 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Elite Downtown Residence
What is 701 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 December 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 824 sqft
- Floor
- 7th of 23
- Parking
- M-60
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 14,400 /yr
- Last sold
- AED 2.3M · August 2022
- Building
- Elite Downtown Residence
About 701, Elite Downtown Residence
701 is a one-bedroom apartment of 824 sqft on the 7th floor of Elite Downtown Residence, a 23-storey tower in Downtown Dubai completed in 2022 by Triplanet Elite Developements. The developer sold it on 30 August 2022 for AED 2,295,000, or AED 2,785 per sqft, 62% above the AED 1,719 one-beds in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, renewed on 13 December 2025, is AED 105,000 a year: a gross yield of 4.6% on the 2022 price, before the service charge of about AED 14,400 a year.
Sales and rents for 701 over time
701 has sold once; the dashed line is the one-bed median of each year in the building.
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 701 sits
All 132 1-beds →701 last sold in August 2022 at AED 2,785 per sqft, 62% above what one-beds in Elite Downtown Residence were fetching at the time (AED 1,719). 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. 701's AED 105,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Dec 20259 December 2025 | 806 sqft | 2,190,000 | 2,717 | ||
| 26 Jun 202526 June 2025 | 810 sqft | 1,900,000 | 2,346 | ||
| 19 Jun 202519 June 2025 | 809 sqft | 2,250,000 | 2,782 | ||
| 3 Mar 20253 March 2025 | 1,007 sqft | 1,650,000 | 1,638 |
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 7th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 809 sqft | AED 2.07MAED 2,065,000 · Dec 2025December 2025 | |||
| 703 | Studio | 497 sqft | AED 1.26MAED 1,260,000 · Jan 2022January 2022 | ||
| 704 | 3-bed | 1,616 sqft | AED 4.19MAED 4,185,000 · Jan 2025January 2025 | 300,000 /yr | |
| 705 | 2-bed | 1,366 sqft | AED 2.5MAED 2,500,000 · Aug 2022August 2022 | ||
| 706 | Studio | 536 sqft | AED 827KAED 826,500 · Apr 2022April 2022 | 78,000 /yr | |
| 707 | Studio | 533 sqft | AED 1.13MAED 1,130,000 · Aug 2022August 2022 | 115,000 /yr | |
| 708 | Studio | 514 sqft | AED 828KAED 828,000 · Mar 2022March 2022 | ||
| 709 | 1-bed | 1,006 sqft | AED 1.63MAED 1,625,000 · Jul 2022July 2022 | 130,000 /yr | |
| 710 | 1-bed | 994 sqft | AED 1.25MAED 1,249,000 · Dec 2021December 2021 | 120,000 /yr | |
| 711 | Studio | 521 sqft | AED 1.17MAED 1,170,400 · Oct 2022October 2022 | ||
| 712 | Studio | 534 sqft | AED 789KAED 788,640 · Mar 2022March 2022 | 85,000 /yr | |
| 713 | Studio | 542 sqft | AED 1.17MAED 1,170,000 · Mar 2025March 2025 | ||
| 714 | 2-bed | 1,760 sqft | AED 2.39MAED 2,393,000 · May 2022May 2022 | ||
| 715 | Studio | 431 sqft | AED 1.2MAED 1,200,000 · Nov 2024November 2024 | ||
| 716 | 2-bed | 1,630 sqft | AED 3.09MAED 3,090,080 · Sep 2023September 2023 | ||
| 717 | Studio | 522 sqft | AED 835KAED 835,140 · Mar 2022March 2022 | ||
| 718 | 1-bed | 810 sqft | AED 1.25MAED 1,250,000 · Jan 2022January 2022 | 110,000 /yr | |
| 719 | 1-bed | 810 sqft | AED 1.37MAED 1,370,250 · May 2022May 2022 | 104,709 /yr | |
| 720 | Studio | 526 sqft | AED 975KAED 975,000 · Jun 2022June 2022 | 87,600 /yr |
701, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 30 August 2022 for AED 2,295,000, or AED 2,785 per sqft.
- Rented since October 2022 on 6 Ejari contracts, from AED 90,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2022 price is 4.6%, before a service charge of about AED 14,400 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 13 December 2025.
Questions about 701, Elite Downtown Residence
What did unit 701 last sell for?
AED 2,295,000 on 30 August 2022, sold by the developer: AED 2,785 per sqft for 824 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 105,000 a year on the contract renewed on 13 December 2025. The previous contract, from June 2025, was AED 89,376; the unit has been rented since October 2022.
How big is unit 701?
824 sqft (76.6 sqm): a one-bedroom apartment on the 7th floor of a 23-storey tower completed in 2022.
What is unit 701 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 701, Elite Downtown Residence
Starts from the last sale price (AED 2.3M, 30 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,295,000
- Deposit, UAE resident (20%)
- AED 459,000
- Deposit, non-resident (40%)
- AED 918,000
- Monthly over 25 years at 3.7%
- AED 9,390
Plus AED 101,400 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →