1206, Elite Residence
Sold prices and rental history: sold 3 times, last in February 2016, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1206, Elite Residence
What is 1206 worth today?
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Source: Dubai Land Department. Updated 25 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 960 sqft
- Floor
- 12th of 83
- Parking
- P4-12
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 12,600 /yr
- Last sold
- AED 1.25M · February 2016
- Building
- Elite Residence
About 1206, Elite Residence
1206 is a one-bedroom apartment of 960 sqft on the 12th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 17 February 2016 for AED 1,250,000, or AED 1,301 per sqft, 4% below the AED 1,353 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 25 July 2024, is AED 80,000 a year: a gross yield of 6.4% on the 2016 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1206 over time
1206 has sold 3 times; 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 Residence, and where 1206 sits
All 416 1-beds →1206 last sold in February 2016 at AED 1,301 per sqft, 4% below what one-beds in Elite Residence were fetching at the time (AED 1,353). 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. 1206's AED 80,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 737 sqft | 1,400,000 | 1,900 | ||
| 2 Nov 20262 November 2026 | 959 sqft | 1,250,000 | 1,303 | ||
| 16 Oct 202616 October 2026 | 737 sqft | 1,160,000 | 1,574 | ||
| 7 Oct 20267 October 2026 | 959 sqft | 1,530,677 | 1,595 |
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 12th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 960 sqft | AED 1.18MAED 1,175,000 · May 2023May 2023 | 84,000 /yr | |
| 1202 | 2-bed | 1,329 sqft | AED 2.53MAED 2,530,116 · Dec 2012December 2012 | 115,000 /yr | |
| 1203 | 1-bed | 801 sqft | AED 1.54MAED 1,535,000 · Jun 2013June 2013 | 80,000 /yr | |
| 1204 | 1-bed | 802 sqft | AED 1.4MAED 1,400,000 · Nov 2024November 2024 | 94,000 /yr | |
| 1205 | 2-bed | 1,329 sqft | AED 1.28MAED 1,280,000 · May 2021May 2021 | 135,000 /yr | |
| 1207 | 1-bed | 960 sqft | AED 1.16MAED 1,160,000 · Jun 2013June 2013 | 120,000 /yr | |
| 1208 | 2-bed | 1,329 sqft | AED 1.28MAED 1,275,000 · Jul 2018July 2018 | 77,360 /yr | |
| 1209 | 1-bed | 737 sqft | AED 1.12MAED 1,122,417 · Dec 2012December 2012 | 78,702 /yr | |
| 1210 | 1-bed | 737 sqft | AED 1.07MAED 1,065,000 · Sep 2026September 2026 | 75,000 /yr | |
| 1211 | 2-bed | 1,329 sqft | AED 1.87MAED 1,867,000 · Nov 2025November 2025 | 135,000 /yr | |
| 1212 | 1-bed | 960 sqft | AED 1.26MAED 1,264,775 · Dec 2012December 2012 | 65,000 /yr |
1206, Elite Residence in numbers
- Sold 3 times: first on 12 August 2009 for AED 1,264,774, last on 17 February 2016 for AED 1,250,000 (AED 1,301 per sqft).
- Rented since March 2015 on 7 Ejari contracts. The rent fell from AED 100,000 to AED 50,000 in 2020 and recovered to AED 80,000 by July 2024.
- At AED 80,000 a year the gross yield on the 2016 price is 6.4%, before a service charge of about AED 12,600 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 25 July 2024.
Questions about 1206, Elite Residence
What did unit 1206 last sell for?
AED 1,250,000 on 17 February 2016: AED 1,301 per sqft for 960 sqft. The unit has 3 registered sales; the first was AED 1,264,774 in August 2009.
What is the rent for unit 1206?
AED 80,000 a year on the contract signed on 25 July 2024. The previous contract, from July 2024, was AED 80,000; the unit has been rented since March 2015.
How big is unit 1206?
960 sqft (89.2 sqm): a one-bedroom apartment on the 12th floor of a 83-storey tower completed in 2012.
What is unit 1206 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 1206, Elite Residence
Starts from the last sale price (AED 1.25M, 17 February 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →