705, Elite Downtown Residence
Sold prices and rental history: sold once, by the developer in August 2022, 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 705, Elite Downtown Residence
What is 705 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 30 August 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,366 sqft
- Floor
- 7th of 23
- Parking
- M-54
- Developer
- Triplanet Elite Developements
- Completed
- 2022
- Service charge
- AED 23,900 /yr
- Last sold
- AED 2.5M · August 2022
- Building
- Elite Downtown Residence
About 705, Elite Downtown Residence
705 is a two-bedroom apartment of 1,366 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 2,500,000, or AED 1,830 per sqft, 14% above the AED 1,602 two-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 705 over time
705 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 705 sits
All 68 2-beds →705 last sold in August 2022 at AED 1,830 per sqft, 14% above what two-beds in Elite Downtown Residence were fetching at the time (AED 1,602). 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 7th floor
All 454 units in Elite Downtown Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 824 sqft | AED 2.3MAED 2,295,000 · Aug 2022August 2022 | 105,000 /yr | |
| 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 | |
| 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 |
705, Elite Downtown Residence in numbers
- Sold once: by Triplanet Elite Developements on 30 August 2022 for AED 2,500,000, or AED 1,830 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 30 August 2022.
Questions about 705, Elite Downtown Residence
What did unit 705 last sell for?
AED 2,500,000 on 30 August 2022, sold by the developer: AED 1,830 per sqft for 1,366 sqft. It is the only registered sale of the unit.
How big is unit 705?
1,366 sqft (126.9 sqm): a two-bedroom apartment on the 7th floor of a 23-storey tower completed in 2022.
What is unit 705 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 705, Elite Downtown Residence
Starts from the last sale price (AED 2.5M, 30 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →