1602, Elite Residence
Sold prices and rental history: sold 4 times, last in May 2025, 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 1602, Elite Residence
What is 1602 worth today?
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Source: Dubai Land Department. Updated 21 May 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 16th of 83
- Parking
- P4-21
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.9M · May 2025
- Building
- Elite Residence
About 1602, Elite Residence
1602 is a two-bedroom apartment of 1,329 sqft on the 16th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 21 May 2025 for AED 1,900,000, or AED 1,429 per sqft, in line with the AED 1,427 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 22 January 2024, is AED 95,220 a year: a gross yield of 5.0% on the 2025 price, before the service charge of about AED 17,400 a year.
Sales and rents for 1602 over time
1602 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 1602 sits
All 208 2-beds →1602 last sold in May 2025 at AED 1,429 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 1,427). 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. 1602's AED 95,220 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 16th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 960 sqft | AED 870KAED 870,000 · Jan 2019January 2019 | 105,000 /yr | |
| 1603 | 1-bed | 801 sqft | AED 1.38MAED 1,380,000 · May 2025May 2025 | 100,000 /yr | |
| 1604 | 1-bed | 802 sqft | AED 1.35MAED 1,350,000 · Apr 2013April 2013 | ||
| 1605 | 2-bed | 1,329 sqft | AED 2.56MAED 2,555,105 · Mar 2013March 2013 | 100,000 /yr | |
| 1606 | 1-bed | 960 sqft | AED 1.3MAED 1,300,000 · Jun 2015June 2015 | 82,500 /yr | |
| 1607 | 1-bed | 960 sqft | AED 1.2MAED 1,200,000 · Nov 2023November 2023 | 80,000 /yr | |
| 1608 | 2-bed | 1,329 sqft | AED 990KAED 990,000 · Jun 2015June 2015 | 115,500 /yr | |
| 1609 | 1-bed | 737 sqft | AED 810KAED 810,000 · Nov 2021November 2021 | 76,000 /yr | |
| 1610 | 1-bed | 737 sqft | AED 815KAED 815,000 · Jan 2022January 2022 | 55,000 /yr | |
| 1611 | 2-bed | 1,329 sqft | AED 1.9MAED 1,899,000 · Jun 2025June 2025 | 105,000 /yr | |
| 1612 | 1-bed | 960 sqft | AED 1.37MAED 1,372,095 · Aug 2023August 2023 | 75,000 /yr |
1602, Elite Residence in numbers
- Sold 4 times: first on 25 October 2009 for AED 780,900, last on 21 May 2025 for AED 1,900,000 (AED 1,429 per sqft).
- Rented since March 2013 on 12 Ejari contracts. The rent fell from AED 120,000 to AED 60,000 in 2020 and recovered to AED 95,220 by January 2024.
- At AED 95,220 a year the gross yield on the 2025 price is 5.0%, 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 21 May 2025.
Questions about 1602, Elite Residence
What did unit 1602 last sell for?
AED 1,900,000 on 21 May 2025: AED 1,429 per sqft for 1,329 sqft. The unit has 4 registered sales; the first was AED 780,900 in October 2009.
What is the rent for unit 1602?
AED 95,220 a year on the contract renewed on 22 January 2024. The previous contract, from January 2024, was AED 95,220; the unit has been rented since March 2013.
How big is unit 1602?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 16th floor of a 83-storey tower completed in 2012.
What is unit 1602 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 1602, Elite Residence
Starts from the last sale price (AED 1.9M, 21 May 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,900,000
- Deposit, UAE resident (20%)
- AED 380,000
- Deposit, non-resident (40%)
- AED 760,000
- Monthly over 25 years at 3.7%
- AED 7,773
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →