2-bed · 1,329 sqftElite Residence, Dubai Marina · 14th floor · completed 2012

1411, Elite Residence

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1411 · DLD and Ejari recordsUpdated 3 March 2021
Last soldAED 2.7M27 December 2012
Current rentAED 80K /yr3 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1411, Elite Residence

What is 1411 worth today?

Last sold for AED 2,702,260 in 2012

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3 Mar 2021RentedNew contract
AED 79,786/yr12 months · AED 60 per sqft
1 Dec 2018RentedNew contract
AED 95,000/yr12 months · AED 71 per sqft
15 Oct 2017RentedNew contract
AED 105,000/yr12 months · AED 79 per sqft
10 Jan 2016RentedNew contract
AED 135,000/yr12 months · AED 102 per sqft
27 Dec 2012SoldReady
AED 2,702,260AED 2,032 per sqft
9 Aug 2009Sold by developerOff-plan
AED 2,702,260AED 2,032 per sqft

Source: Dubai Land Department. Updated 3 March 2021.

Key facts

Type
2-bed apartment
Size
1,329 sqft
Floor
14th of 83
Parking
B4-52
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 2.7M · December 2012

About 1411, Elite Residence

1411 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 27 December 2012 for AED 2,702,260, or AED 2,032 per sqft, 59% above the AED 1,277 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, signed on 3 March 2021, is AED 79,786 a year: a gross yield of 2.9% on the 2012 price, before the service charge of about AED 17,400 a year.

Sales and rents for 1411 over time

Sales
Unit 1411, each saleTypical two-bed in Elite Residence
1M2M3M2009201420192024Typical sale price by year: 2009 AED 2,511,312; 2010 AED 2,337,716; 2012 AED 1,707,826; 2013 AED 1,933,754; 2014 AED 2,223,814; 2015 AED 1,625,000; 2016 AED 1,700,000; 2017 AED 1,660,000; 2018 AED 1,375,000; 2019 AED 1,000,000; 2020 AED 1,150,000; 2021 AED 1,100,000; 2022 AED 1,495,000; 2023 AED 1,645,000; 2024 AED 1,900,000; 2025 AED 1,850,000; 2026 AED 1,925,000Sold by developer, August 2009: AED 2,702,260 (AED 2,032 per sqft)Sold, December 2012: AED 2,702,260 (AED 2,032 per sqft)

1411 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1411, each contractTypical two-bed in Elite Residence
100K2012201620202024Typical rent by year: 2012 AED 100,000; 2013 AED 115,000; 2014 AED 131,250; 2015 AED 135,000; 2016 AED 135,000; 2017 AED 125,000; 2018 AED 110,000; 2019 AED 90,000; 2020 AED 76,500; 2021 AED 75,000; 2022 AED 90,000; 2023 AED 110,000; 2024 AED 125,000; 2025 AED 130,000; 2026 AED 120,000New contract, January 2016: AED 135,000 a yearNew contract, October 2017: AED 105,000 a yearNew contract, December 2018: AED 95,000 a yearNew contract, March 2021: AED 79,786 a year

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 1411 sits

All 208 2-beds →

1411 last sold in December 2012 at AED 2,032 per sqft, 59% above what two-beds in Elite Residence were fetching at the time (AED 1,277). 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. 1411's AED 79,786 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20262,000,000
2 Sep 20262,270,000
8 Jul 20262,060,000
7 Jul 20261,810,000
14 2-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 14th floor

All 697 units in Elite Residence
Value
14011-bedAED 1.1M · Jan 2018
14022-bedAED 2.25M · Sep 2024
14031-bedAED 1.54M · Dec 2012
14041-bedAED 1.54M · Dec 2012
14052-bedAED 1.8M · Sep 2015
14061-bedAED 1.27M · Sep 2012
14071-bedAED 1M · Jan 2013
1–7 of 11

1411, Elite Residence in numbers

  • Sold twice: first on 9 August 2009 for AED 2,702,260, last on 27 December 2012 for AED 2,702,260 (AED 2,032 per sqft).
  • Rented since January 2016 on 4 Ejari contracts, from AED 135,000 to AED 79,786 a year.
  • At AED 79,786 a year the gross yield on the 2012 price is 2.9%, 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 3 March 2021.

Questions about 1411, Elite Residence

What did unit 1411 last sell for?

AED 2,702,260 on 27 December 2012: AED 2,032 per sqft for 1,329 sqft. The unit has 2 registered sales; the first was AED 2,702,260 in August 2009.

What is the rent for unit 1411?

AED 79,786 a year on the contract signed on 3 March 2021. The previous contract, from December 2018, was AED 95,000; the unit has been rented since January 2016.

How big is unit 1411?

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 1411 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 1411, Elite Residence

Starts from the last sale price (AED 2.7M, 27 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,702,260
Deposit, UAE resident (20%)
AED 540,452
Deposit, non-resident (40%)
AED 1,080,904
Monthly over 25 years at 3.7%
AED 11,056

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