1503, Elite Residence
Sold prices and rental history: sold 5 times, last in August 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1503, Elite Residence
What is 1503 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 8 August 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 801 sqft
- Floor
- 15th of 83
- Parking
- B4-45
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 10,500 /yr
- Last sold
- AED 1.33M · August 2024
- Building
- Elite Residence
About 1503, Elite Residence
1503 is a one-bedroom apartment of 801 sqft on the 15th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 8 August 2024 for AED 1,325,000, or AED 1,653 per sqft, 11% above the AED 1,493 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, signed on 16 February 2024, is AED 90,000 a year: a gross yield of 6.8% on the 2024 price, before the service charge of about AED 10,500 a year.
Sales and rents for 1503 over time
1503 has sold 5 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 1503 sits
All 416 1-beds →1503 last sold in August 2024 at AED 1,653 per sqft, 11% above what one-beds in Elite Residence were fetching at the time (AED 1,493). 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. 1503's AED 90,000 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 15th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 960 sqft | AED 1.22MAED 1,224,379 · Aug 2012August 2012 | 95,000 /yr | |
| 1502 | 2-bed | 1,329 sqft | AED 1MAED 1,000,000 · Nov 2012November 2012 | 150,000 /yr | |
| 1504 | 1-bed | 802 sqft | AED 840KAED 840,000 · May 2021May 2021 | 90,000 /yr | |
| 1505 | 2-bed | 1,329 sqft | AED 2.55MAED 2,548,858 · Oct 2012October 2012 | 115,385 /yr | |
| 1506 | 1-bed | 960 sqft | AED 1.35MAED 1,350,000 · Nov 2013November 2013 | 84,000 /yr | |
| 1507 | 1-bed | 960 sqft | AED 1MAED 1,000,000 · May 2013May 2013 | 126,000 /yr | |
| 1508 | 2-bed | 1,329 sqft | AED 1.82MAED 1,821,415 · Oct 2014October 2014 | 110,000 /yr | |
| 1509 | 1-bed | 737 sqft | AED 1.13MAED 1,130,731 · Dec 2012December 2012 | 82,000 /yr | |
| 1510 | 1-bed | 737 sqft | AED 750KAED 750,000 · Jul 2019July 2019 | 80,000 /yr | |
| 1511 | 2-bed | 1,329 sqft | AED 1.78MAED 1,775,000 · Jan 2014January 2014 | 100,000 /yr | |
| 1512 | 1-bed | 960 sqft | AED 1.27MAED 1,265,000 · May 2025May 2025 | 84,000 /yr |
1503, Elite Residence in numbers
- Sold 5 times: first on 21 April 2010 for AED 1,503,087, last on 8 August 2024 for AED 1,325,000 (AED 1,653 per sqft).
- Rented since September 2019 on 7 Ejari contracts. The rent fell from AED 70,000 to AED 60,000 in 2020 and recovered to AED 90,000 by February 2024.
- At AED 90,000 a year the gross yield on the 2024 price is 6.8%, before a service charge of about AED 10,500 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 8 August 2024.
Questions about 1503, Elite Residence
What did unit 1503 last sell for?
AED 1,325,000 on 8 August 2024: AED 1,653 per sqft for 801 sqft. The unit has 5 registered sales; the first was AED 1,503,087 in April 2010.
What is the rent for unit 1503?
AED 90,000 a year on the contract signed on 16 February 2024. The previous contract, from February 2024, was AED 90,000; the unit has been rented since September 2019.
How big is unit 1503?
801 sqft (74.4 sqm): a one-bedroom apartment on the 15th floor of a 83-storey tower completed in 2012.
What is unit 1503 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.
Selling 1503? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1503, Elite Residence
Starts from the last sale price (AED 1.33M, 8 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,325,000
- Deposit, UAE resident (20%)
- AED 265,000
- Deposit, non-resident (40%)
- AED 530,000
- Monthly over 25 years at 3.7%
- AED 5,421
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →