1606, Elite Residence
Sold prices and rental history: sold 3 times, last in June 2015, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1606, Elite Residence
What is 1606 worth today?
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Source: Dubai Land Department. Updated 1 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 960 sqft
- Floor
- 16th of 83
- Parking
- B4-05
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 12,600 /yr
- Last sold
- AED 1.3M · June 2015
- Building
- Elite Residence
About 1606, Elite Residence
1606 is a one-bedroom apartment of 960 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 7 June 2015 for AED 1,300,000, or AED 1,353 per sqft, 20% below the AED 1,698 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, renewed on 1 February 2024, is AED 82,500 a year: a gross yield of 6.3% on the 2015 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1606 over time
1606 has sold 3 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 1606 sits
All 416 1-beds →1606 last sold in June 2015 at AED 1,353 per sqft, 20% below what one-beds in Elite Residence were fetching at the time (AED 1,698). 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. 1606's AED 82,500 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 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 | |
| 1602 | 2-bed | 1,329 sqft | AED 1.9MAED 1,900,000 · May 2025May 2025 | 95,220 /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 | |
| 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 |
1606, Elite Residence in numbers
- Sold 3 times: first on 9 August 2009 for AED 1,277,266, last on 7 June 2015 for AED 1,300,000 (AED 1,353 per sqft).
- Rented since October 2012 on 10 Ejari contracts. The rent fell from AED 70,000 to AED 50,000 in 2020 and recovered to AED 82,500 by February 2024.
- At AED 82,500 a year the gross yield on the 2015 price is 6.3%, 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 February 2024.
Questions about 1606, Elite Residence
What did unit 1606 last sell for?
AED 1,300,000 on 7 June 2015: AED 1,353 per sqft for 960 sqft. The unit has 3 registered sales; the first was AED 1,277,266 in August 2009.
What is the rent for unit 1606?
AED 82,500 a year on the contract renewed on 1 February 2024. The previous contract, from February 2024, was AED 82,500; the unit has been rented since October 2012.
How big is unit 1606?
960 sqft (89.2 sqm): a one-bedroom apartment on the 16th floor of a 83-storey tower completed in 2012.
What is unit 1606 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 1606, Elite Residence
Starts from the last sale price (AED 1.3M, 7 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,300,000
- Deposit, UAE resident (20%)
- AED 260,000
- Deposit, non-resident (40%)
- AED 520,000
- Monthly over 25 years at 3.7%
- AED 5,319
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →