1011, Elite Residence
Sold prices and rental history: sold 3 times, last in June 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1011, Elite Residence
What is 1011 worth today?
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Source: Dubai Land Department. Updated 2 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 10th of 83
- Parking
- P4-59
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 990K · June 2015
- Building
- Elite Residence
About 1011, Elite Residence
1011 is a two-bedroom apartment of 1,329 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 28 June 2015 for AED 990,000, or AED 744 per sqft, in line with the AED 744 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 2 August 2024, is AED 111,320 a year: a gross yield of 11.2% on the 2015 price, before the service charge of about AED 17,400 a year.
Sales and rents for 1011 over time
1011 has sold 3 times; 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 Residence, and where 1011 sits
All 208 2-beds →1011 last sold in June 2015 at AED 744 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 744). Over the last 12 months two-beds sold for AED 1,800,000 to 2,270,000, around AED 1,417 per sqft, and rent for AED 85,000 to 225,000 a year. 1011's AED 111,320 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 1,329 sqft | 2,000,000 | 1,504 | ||
| 2 Sep 20262 September 2026 | 1,330 sqft | 2,270,000 | 1,706 | ||
| 8 Jul 20268 July 2026 | 1,330 sqft | 2,060,000 | 1,548 | ||
| 7 Jul 20267 July 2026 | 1,329 sqft | 1,810,000 | 1,362 |
Elite Residence
Building697 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%
Other units on the 10th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 200 sqft | AED 104KAED 104,100 · Jul 2021July 2021 | 95,806 /yr | |
| 1002 | 2-bed | 1,329 sqft | AED 2.42MAED 2,419,291 · Sep 2012September 2012 | 121,275 /yr | |
| 1003 | 1-bed | 801 sqft | AED 1.52MAED 1,522,736 · Jul 2013July 2013 | 82,500 /yr | |
| 1004 | 1-bed | 802 sqft | AED 750KAED 750,000 · Dec 2020December 2020 | 57,000 /yr | |
| 1005 | 2-bed | 1,329 sqft | AED 1.95MAED 1,950,000 · Sep 2023September 2023 | 190,000 /yr | |
| 1006 | 1-bed | 960 sqft | AED 1.25MAED 1,250,000 · Apr 2017April 2017 | 77,000 /yr | |
| 1007 | 1-bed | 960 sqft | AED 1.25MAED 1,250,000 · Dec 2023December 2023 | 95,000 /yr | |
| 1008 | 2-bed | 1,329 sqft | AED 1.7MAED 1,700,000 · Feb 2016February 2016 | 135,000 /yr | |
| 1009 | 1-bed | 737 sqft | AED 1.15MAED 1,150,000 · Jul 2015July 2015 | 90,000 /yr | |
| 1010 | 1-bed | 737 sqft | AED 1.28MAED 1,275,000 · May 2015May 2015 | 68,000 /yr | |
| 1012 | 1-bed | 960 sqft | AED 980KAED 980,000 · Mar 2013March 2013 | 95,000 /yr |
1011, Elite Residence in numbers
- Sold 3 times: first on 25 October 2009 for AED 780,900, last on 28 June 2015 for AED 990,000 (AED 744 per sqft).
- Rented since October 2013 on 12 Ejari contracts. The rent fell from AED 109,999 to AED 74,799 in 2020 and recovered to AED 111,320 by August 2024.
- At AED 111,320 a year the gross yield on the 2015 price is 11.2%, before a service charge of about AED 17,400 a year (AED 13.10 per sqft).
- Two-beds in Elite Residence sold for AED 1,800,000–2,270,000 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 2 August 2024.
Questions about 1011, Elite Residence
What did unit 1011 last sell for?
AED 990,000 on 28 June 2015: AED 744 per sqft for 1,329 sqft. The unit has 3 registered sales; the first was AED 780,900 in October 2009.
What is the rent for unit 1011?
AED 111,320 a year on the contract renewed on 2 August 2024. The previous contract, from August 2024, was AED 111,320; the unit has been rented since October 2013.
How big is unit 1011?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 10th floor of a 83-storey tower completed in 2012.
What is unit 1011 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Residence sold for AED 1,800,000 to 2,270,000 in the last 12 months, around AED 1,417 per sqft.
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Mortgage on 1011, Elite Residence
Starts from the last sale price (AED 990K, 28 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 990,000
- Deposit, UAE resident (20%)
- AED 198,000
- Deposit, non-resident (40%)
- AED 396,000
- Monthly over 25 years at 3.7%
- AED 4,050
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →