1506, Elite Residence
Sold prices and rental history: sold 4 times, last in November 2013, 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 1506, Elite Residence
What is 1506 worth today?
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Source: Dubai Land Department. Updated 1 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 960 sqft
- Floor
- 15th of 83
- Parking
- B4-71
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 12,600 /yr
- Last sold
- AED 1.35M · November 2013
- Building
- Elite Residence
About 1506, Elite Residence
1506 is a one-bedroom apartment of 960 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 4 November 2013 for AED 1,350,000, or AED 1,405 per sqft, in line with the AED 1,379 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 1 July 2026, is AED 84,000 a year: a gross yield of 6.2% on the 2013 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1506 over time
1506 has sold 4 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 1506 sits
All 416 1-beds →1506 last sold in November 2013 at AED 1,405 per sqft, in line with what one-beds in Elite Residence were fetching at the time (AED 1,379). 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. 1506's AED 84,000 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 | |
| 1503 | 1-bed | 801 sqft | AED 1.33MAED 1,325,000 · Aug 2024August 2024 | 90,000 /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 | |
| 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 |
1506, Elite Residence in numbers
- Sold 4 times: first on 15 February 2012 for AED 850,000, last on 4 November 2013 for AED 1,350,000 (AED 1,405 per sqft).
- Rented since August 2013 on 8 Ejari contracts, from AED 40,000 to AED 84,000 a year.
- At AED 84,000 a year the gross yield on the 2013 price is 6.2%, 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 1 July 2026.
Questions about 1506, Elite Residence
What did unit 1506 last sell for?
AED 1,350,000 on 4 November 2013: AED 1,405 per sqft for 960 sqft. The unit has 4 registered sales; the first was AED 850,000 in February 2012.
What is the rent for unit 1506?
AED 84,000 a year on the contract signed on 1 July 2026. The previous contract, from November 2024, was AED 116,000; the unit has been rented since August 2013.
How big is unit 1506?
960 sqft (89.2 sqm): a one-bedroom apartment on the 15th floor of a 83-storey tower completed in 2012.
What is unit 1506 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 1506, Elite Residence
Starts from the last sale price (AED 1.35M, 4 November 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 1,350,000
- Deposit, UAE resident (20%)
- AED 270,000
- Deposit, non-resident (40%)
- AED 540,000
- Monthly over 25 years at 3.7%
- AED 5,523
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →