1-bed · 802 sqftElite Residence, Dubai Marina · 10th floor · completed 2012

1004, Elite Residence

Sold prices and rental history: sold 3 times, last in December 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1004 · DLD and Ejari recordsUpdated 7 December 2020
Last soldAED 750K7 December 2020
Current rentAED 57K /yr1 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1004, Elite Residence

What is 1004 worth today?

Last sold for AED 750,000 in 2020

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

7 Dec 2020SoldReady
AED 750,000AED 935 per sqft
1 Jul 2020RentedNew contract
AED 57,000/yr12 months · AED 71 per sqft
24 Jan 2016RentedRenewal
AED 92,610/yr12 months · AED 115 per sqft
24 Jan 2015RentedRenewal
AED 88,200/yr12 months · AED 109 per sqft
24 Jan 2014RentedRenewal
AED 84,000/yr12 months · AED 104 per sqft
24 Jan 2013RentedNew contract
AED 80,000/yr12 months · AED 99 per sqft
29 Dec 2012SoldReady
AED 1,029,399AED 1,283 per sqft
26 Feb 2012Sold by developerOff-plan
AED 1,029,399AED 1,283 per sqft

Source: Dubai Land Department. Updated 7 December 2020.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
10th of 83
Parking
B4-50
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 750K · December 2020

About 1004, Elite Residence

1004 is a one-bedroom apartment of 802 sqft on the 10th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 7 December 2020 for AED 750,000, or AED 935 per sqft, 9% above the AED 855 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 July 2020, is AED 57,000 a year: a gross yield of 7.6% on the 2020 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1004 over time

Sales
Unit 1004, each saleTypical one-bed in Elite Residence
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,331,420; 2010 AED 1,311,618; 2011 AED 864,286; 2012 AED 1,236,138; 2013 AED 1,234,659; 2014 AED 1,440,000; 2015 AED 1,162,500; 2016 AED 1,252,011; 2017 AED 1,180,000; 2018 AED 1,070,000; 2019 AED 850,000; 2020 AED 750,000; 2021 AED 750,000; 2022 AED 980,000; 2023 AED 1,172,344; 2024 AED 1,285,000; 2025 AED 1,312,500; 2026 AED 1,240,000Sold by developer, February 2012: AED 1,029,399 (AED 1,283 per sqft)Sold, December 2012: AED 1,029,399 (AED 1,283 per sqft)Sold, December 2020: AED 750,000 (AED 935 per sqft)

1004 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1004, each contractTypical one-bed in Elite Residence
60K80K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 80,000; 2014 AED 91,042; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 90,750; 2018 AED 80,000; 2019 AED 70,000; 2020 AED 57,000; 2021 AED 55,000; 2022 AED 66,000; 2023 AED 75,000; 2024 AED 85,000; 2025 AED 90,000; 2026 AED 82,000New contract, January 2013: AED 80,000 a yearRenewal, January 2014: AED 84,000 a yearRenewal, January 2015: AED 88,200 a yearRenewal, January 2016: AED 92,610 a yearNew contract, July 2020: AED 57,000 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 Residence, and where 1004 sits

All 416 1-beds →

1004 last sold in December 2020 at AED 935 per sqft, 9% above what one-beds in Elite Residence were fetching at the time (AED 855). Over the last 12 months one-beds sold for AED 1,065,000 to 1,530,677, around AED 1,547 per sqft, and rent for AED 36,725 to 159,000 a year. 1004's AED 57,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Nov 20261,400,000
2 Nov 20261,250,000
16 Oct 20261,160,000
7 Oct 20261,530,677
20 1-bed sales in the last 12 months

Elite Residence

Building

697 apartments, 1-bed to 5-bed over 83 floors in Dubai Marina, completed in 2012 by Tameer Holding Investment. 39 sold in the last 12 months.

Typical price per sqft
AED 1,445 Up 1.3%
Typical sale
AED 1.53M
Typical rent
AED 94K /yr
Typical yield
6.6%
Elite Residence, Dubai Marina: prices, sales and rents →

Other units on the 10th floor

All 697 units in Elite Residence
Value
10011-bedAED 104K · Jul 2021
10022-bedAED 2.42M · Sep 2012
10031-bedAED 1.52M · Jul 2013
10052-bedAED 1.95M · Sep 2023
10061-bedAED 1.25M · Apr 2017
10071-bedAED 1.25M · Dec 2023
10082-bedAED 1.7M · Feb 2016
1–7 of 11

1004, Elite Residence in numbers

  • Sold 3 times: first on 26 February 2012 for AED 1,029,399, last on 7 December 2020 for AED 750,000 (AED 935 per sqft).
  • Rented since January 2013 on 5 Ejari contracts, from AED 80,000 to AED 57,000 a year.
  • At AED 57,000 a year the gross yield on the 2020 price is 7.6%, before a service charge of about AED 10,500 a year (AED 13.10 per sqft).
  • One-beds in Elite Residence sold for AED 1,065,000–1,530,677 in the 12 months to November 2026; the building's median across all types is AED 1,445 per sqft.

Source: Dubai Land Department. Updated 7 December 2020.

Questions about 1004, Elite Residence

What did unit 1004 last sell for?

AED 750,000 on 7 December 2020: AED 935 per sqft for 802 sqft. The unit has 3 registered sales; the first was AED 1,029,399 in February 2012.

What is the rent for unit 1004?

AED 57,000 a year on the contract signed on 1 July 2020. The previous contract, from January 2016, was AED 92,610; the unit has been rented since January 2013.

How big is unit 1004?

802 sqft (74.5 sqm): a one-bedroom apartment on the 10th floor of a 83-storey tower completed in 2012.

What is unit 1004 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Residence sold for AED 1,065,000 to 1,530,677 in the last 12 months, around AED 1,547 per sqft.

Selling 1004? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1004, Elite Residence

Starts from the last sale price (AED 750K, 7 December 2020). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →