1-bed · 960 sqftElite Residence, Dubai Marina · 17th floor · completed 2012

1712, Elite Residence

Sold prices and rental history: sold twice, last in December 2012, and rented once, from September 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1712 · DLD and Ejari recordsUpdated 1 September 2019
Last soldAED 1.28M26 December 2012
Current rentAED 60K /yr1 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1712, Elite Residence

What is 1712 worth today?

Last sold for AED 1,280,389 in 2012

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1 Sep 2019RentedNew contract
AED 59,834/yr12 months · AED 62 per sqft
26 Dec 2012SoldReady
AED 1,280,389AED 1,333 per sqft
9 Aug 2009Sold by developerOff-plan
AED 1,280,389AED 1,333 per sqft

Source: Dubai Land Department. Updated 1 September 2019.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
17th of 83
Parking
P4-58
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 1.28M · December 2012

About 1712, Elite Residence

1712 is a one-bedroom apartment of 960 sqft on the 17th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 26 December 2012 for AED 1,280,389, or AED 1,333 per sqft, in line with the AED 1,315 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 September 2019. The current contract, signed on 1 September 2019, is AED 59,834 a year: a gross yield of 4.7% on the 2012 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1712 over time

Sales
Unit 1712, each saleTypical one-bed in Elite Residence
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,331,420; 2010 AED 1,311,618; 2011 AED 864,286; 2012 AED 1,236,138; 2013 AED 1,234,659; 2014 AED 1,440,000; 2015 AED 1,162,500; 2016 AED 1,252,011; 2017 AED 1,180,000; 2018 AED 1,070,000; 2019 AED 850,000; 2020 AED 750,000; 2021 AED 750,000; 2022 AED 980,000; 2023 AED 1,172,344; 2024 AED 1,285,000; 2025 AED 1,312,500; 2026 AED 1,240,000Sold by developer, August 2009: AED 1,280,389 (AED 1,333 per sqft)Sold, December 2012: AED 1,280,389 (AED 1,333 per sqft)

1712 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1712, each contractTypical one-bed in Elite Residence
60K80K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 80,000; 2014 AED 91,042; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 90,750; 2018 AED 80,000; 2019 AED 70,000; 2020 AED 57,000; 2021 AED 55,000; 2022 AED 66,000; 2023 AED 75,000; 2024 AED 85,000; 2025 AED 90,000; 2026 AED 82,000New contract, September 2019: AED 59,834 a year

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 1712 sits

All 416 1-beds →

1712 last sold in December 2012 at AED 1,333 per sqft, in line with what one-beds in Elite Residence were fetching at the time (AED 1,315). 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. 1712's AED 59,834 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Nov 20261,400,000
2 Nov 20261,250,000
16 Oct 20261,160,000
7 Oct 20261,530,677
20 1-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 17th floor

All 697 units in Elite Residence
Value
17011-bedAED 900K · Jun 2022
17022-bedAED 1.82M · Sep 2025
17031-bedAED 994K · Dec 2012
17041-bedAED 720K · Dec 2021
17052-bedAED 1.52M · Mar 2022
17061-bedAED 950K · May 2022
17071-bedAED 1.33M · Oct 2013
1–7 of 11

1712, Elite Residence in numbers

  • Sold twice: first on 9 August 2009 for AED 1,280,389, last on 26 December 2012 for AED 1,280,389 (AED 1,333 per sqft).
  • Rented since September 2019 on one Ejari contract, at AED 59,834 a year.
  • At AED 59,834 a year the gross yield on the 2012 price is 4.7%, 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 September 2019.

Questions about 1712, Elite Residence

What did unit 1712 last sell for?

AED 1,280,389 on 26 December 2012: AED 1,333 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 1,280,389 in August 2009.

What is the rent for unit 1712?

AED 59,834 a year on the contract signed on 1 September 2019.

How big is unit 1712?

960 sqft (89.2 sqm): a one-bedroom apartment on the 17th floor of a 83-storey tower completed in 2012.

What is unit 1712 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 1712, Elite Residence

Starts from the last sale price (AED 1.28M, 26 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,280,389
Deposit, UAE resident (20%)
AED 256,078
Deposit, non-resident (40%)
AED 512,156
Monthly over 25 years at 3.7%
AED 5,238

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