1-bed · 737 sqftElite Residence, Dubai Marina · 10th floor · completed 2012

1010, Elite Residence

Sold prices and rental history: sold 3 times, last in May 2015, and rented once, from July 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1010 · DLD and Ejari recordsUpdated 5 May 2015
Last soldAED 1.28M5 May 2015
Current rentAED 68K /yr15 July 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1010, Elite Residence

What is 1010 worth today?

Last sold for AED 1,275,000 in 2015

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5 May 2015SoldReady
AED 1,275,000AED 1,730 per sqft
15 Jul 2013RentedNew contract
AED 68,000/yr12 months · AED 93 per sqft
17 Oct 2012SoldReady
AED 1,116,874AED 1,516 per sqft
9 Aug 2009Sold by developerOff-plan
AED 1,116,874AED 1,516 per sqft

Source: Dubai Land Department. Updated 5 May 2015.

Key facts

Type
1-bed apartment
Size
737 sqft
Floor
10th of 83
Parking
P4-69
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 9,700 /yr
Last sold
AED 1.28M · May 2015

About 1010, Elite Residence

1010 is a one-bedroom apartment of 737 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 5 May 2015 for AED 1,275,000, or AED 1,730 per sqft, 4% below the AED 1,798 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 July 2013. The current contract, signed on 15 July 2013, is AED 68,000 a year: a gross yield of 5.3% on the 2015 price, before the service charge of about AED 9,700 a year.

Sales and rents for 1010 over time

Sales
Unit 1010, 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, August 2009: AED 1,116,874 (AED 1,516 per sqft)Sold, October 2012: AED 1,116,874 (AED 1,516 per sqft)Sold, May 2015: AED 1,275,000 (AED 1,730 per sqft)

1010 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1010, 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, July 2013: AED 68,000 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 1010 sits

All 416 1-beds →

1010 last sold in May 2015 at AED 1,730 per sqft, 4% below what one-beds in Elite Residence were fetching at the time (AED 1,798). 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. 1010's AED 68,000 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
10041-bedAED 750K · Dec 2020
10052-bedAED 1.95M · Sep 2023
10061-bedAED 1.25M · Apr 2017
10071-bedAED 1.25M · Dec 2023
1–7 of 11

1010, Elite Residence in numbers

  • Sold 3 times: first on 9 August 2009 for AED 1,116,874, last on 5 May 2015 for AED 1,275,000 (AED 1,730 per sqft).
  • Rented since July 2013 on one Ejari contract, at AED 68,000 a year.
  • At AED 68,000 a year the gross yield on the 2015 price is 5.3%, before a service charge of about AED 9,700 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 5 May 2015.

Questions about 1010, Elite Residence

What did unit 1010 last sell for?

AED 1,275,000 on 5 May 2015: AED 1,730 per sqft for 737 sqft. The unit has 3 registered sales; the first was AED 1,116,874 in August 2009.

What is the rent for unit 1010?

AED 68,000 a year on the contract signed on 15 July 2013.

How big is unit 1010?

737 sqft (68.5 sqm): a one-bedroom apartment on the 10th floor of a 83-storey tower completed in 2012.

What is unit 1010 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.

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Mortgage on 1010, Elite Residence

Starts from the last sale price (AED 1.28M, 5 May 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

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