1408, Elite Residence
Sold prices and rental history: sold 4 times, last in October 2025, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1408, Elite Residence
What is 1408 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 14th of 83
- Parking
- B4-19
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.85M · October 2025
- Building
- Elite Residence
About 1408, Elite Residence
1408 is a two-bedroom apartment of 1,329 sqft on the 14th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 23 October 2025 for AED 1,846,000, or AED 1,388 per sqft, in line with the AED 1,392 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, signed on 1 September 2026, is AED 120,000 a year: a gross yield of 6.5% on the 2025 price, before the service charge of about AED 17,400 a year.
Sales and rents for 1408 over time
1408 has sold 4 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 1408 sits
All 208 2-beds →1408 last sold in October 2025 at AED 1,388 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 1,392). 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. 1408's AED 120,000 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 14th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 960 sqft | AED 1.1MAED 1,100,000 · Jan 2018January 2018 | 75,141 /yr | |
| 1402 | 2-bed | 1,329 sqft | AED 2.25MAED 2,250,000 · Sep 2024September 2024 | 190,000 /yr | |
| 1403 | 1-bed | 801 sqft | AED 1.54MAED 1,537,850 · Dec 2012December 2012 | 81,900 /yr | |
| 1404 | 1-bed | 802 sqft | AED 1.54MAED 1,537,850 · Dec 2012December 2012 | 80,850 /yr | |
| 1405 | 2-bed | 1,329 sqft | AED 1.8MAED 1,800,000 · Sep 2015September 2015 | 122,000 /yr | |
| 1406 | 1-bed | 960 sqft | AED 1.27MAED 1,271,020 · Sep 2012September 2012 | 88,000 /yr | |
| 1407 | 1-bed | 960 sqft | AED 1MAED 1,000,000 · Jan 2013January 2013 | 80,000 /yr | |
| 1409 | 1-bed | 737 sqft | AED 1.24MAED 1,243,576 · Dec 2012December 2012 | ||
| 1410 | 1-bed | 737 sqft | AED 1.25MAED 1,250,000 · Feb 2014February 2014 | 85,000 /yr | |
| 1411 | 2-bed | 1,329 sqft | AED 2.7MAED 2,702,260 · Dec 2012December 2012 | 79,786 /yr | |
| 1412 | 1-bed | 960 sqft | AED 960KAED 960,000 · Jan 2013January 2013 | 78,030 /yr |
1408, Elite Residence in numbers
- Sold 4 times: first on 15 March 2010 for AED 2,207,542, last on 23 October 2025 for AED 1,846,000 (AED 1,388 per sqft).
- Rented since November 2017 on 7 Ejari contracts. The rent fell from AED 110,000 to AED 66,000 in 2021 and recovered to AED 120,000 by September 2026.
- At AED 120,000 a year the gross yield on the 2025 price is 6.5%, 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 1 September 2026.
Questions about 1408, Elite Residence
What did unit 1408 last sell for?
AED 1,846,000 on 23 October 2025: AED 1,388 per sqft for 1,329 sqft. The unit has 4 registered sales; the first was AED 2,207,542 in March 2010.
What is the rent for unit 1408?
AED 120,000 a year on the contract signed on 1 September 2026. The previous contract, from April 2024, was AED 129,282; the unit has been rented since November 2017.
How big is unit 1408?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 14th floor of a 83-storey tower completed in 2012.
What is unit 1408 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 1408, Elite Residence
Starts from the last sale price (AED 1.85M, 23 October 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,846,000
- Deposit, UAE resident (20%)
- AED 369,200
- Deposit, non-resident (40%)
- AED 738,400
- Monthly over 25 years at 3.7%
- AED 7,553
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →