1-bed · 960 sqftElite Residence, Dubai Marina · 18th floor · completed 2012

1807, Elite Residence

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1807 · DLD and Ejari recordsUpdated 31 October 2022
Last soldAED 1.27M27 December 2012
Current rentAED 51K /yr31 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1807, Elite Residence

What is 1807 worth today?

Last sold for AED 1,268,512 in 2012

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31 Oct 2022RentedNew contract
AED 51,000/yr11 months · AED 53 per sqft
15 Oct 2022RentedRenewal
AED 76,532/yr12 months · AED 80 per sqft
15 Oct 2022RentedRenewal
AED 76,532/yr12 months · AED 80 per sqft
15 Oct 2021RentedRenewal
AED 43,000/yr12 months · AED 45 per sqft
15 Oct 2020RentedNew contract
AED 43,000/yr12 months · AED 45 per sqft
27 Sep 2018RentedNew contract
AED 78,000/yr12 months · AED 81 per sqft
15 Apr 2014RentedNew contract
AED 100,000/yr12 months · AED 104 per sqft
27 Dec 2012SoldReady
AED 1,268,512AED 1,321 per sqft

Source: Dubai Land Department. Updated 31 October 2022.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
18th of 83
Parking
B4-09
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 1.27M · December 2012

About 1807, Elite Residence

1807 is a one-bedroom apartment of 960 sqft on the 18th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 27 December 2012 for AED 1,268,512, or AED 1,321 per sqft, in line with the AED 1,356 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 31 October 2022, is AED 51,000 a year: a gross yield of 4.0% on the 2012 price, before the service charge of about AED 12,600 a year.

Sales and rents for 1807 over time

Sales
Unit 1807, 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 1,283,512 (AED 1,336 per sqft)Sold, December 2012: AED 1,268,512 (AED 1,321 per sqft)

1807 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1807, each contractTypical one-bed in Elite Residence
50K100K2012201620202024Typical 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, April 2014: AED 100,000 a yearNew contract, September 2018: AED 78,000 a yearNew contract, October 2020: AED 43,000 a yearRenewal, October 2021: AED 43,000 a yearNew contract, October 2022: AED 51,000 a yearRenewal, October 2022: AED 76,532 a yearRenewal, October 2022: AED 76,532 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 1807 sits

All 416 1-beds →

1807 last sold in December 2012 at AED 1,321 per sqft, in line with what one-beds in Elite Residence were fetching at the time (AED 1,356). 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. 1807's AED 51,000 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 18th floor

All 697 units in Elite Residence
Value
18011-bedAED 1.1M · Feb 2016
18022-bedAED 2.57M · Jan 2013
18031-bedAED 1.3M · May 2024
18041-bedAED 1.41M · Sep 2024
18052-bedAED 1.81M · Jul 2026
18061-bedAED 1.28M · Dec 2012
18082-bedAED 1.35M · Apr 2023
1–7 of 11

1807, Elite Residence in numbers

  • Sold twice: first on 9 August 2009 for AED 1,283,512, last on 27 December 2012 for AED 1,268,512 (AED 1,321 per sqft).
  • Rented since April 2014 on 7 Ejari contracts. The rent fell from AED 100,000 to AED 43,000 in 2021 and recovered to AED 51,000 by October 2022.
  • At AED 51,000 a year the gross yield on the 2012 price is 4.0%, 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 31 October 2022.

Questions about 1807, Elite Residence

What did unit 1807 last sell for?

AED 1,268,512 on 27 December 2012: AED 1,321 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 1,283,512 in August 2009.

What is the rent for unit 1807?

AED 51,000 a year on the contract signed on 31 October 2022. The previous contract, from October 2022, was AED 76,532; the unit has been rented since April 2014.

How big is unit 1807?

960 sqft (89.2 sqm): a one-bedroom apartment on the 18th floor of a 83-storey tower completed in 2012.

What is unit 1807 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 1807, Elite Residence

Starts from the last sale price (AED 1.27M, 27 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,268,512
Deposit, UAE resident (20%)
AED 253,702
Deposit, non-resident (40%)
AED 507,405
Monthly over 25 years at 3.7%
AED 5,190

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