1-bed · 737 sqftElite Residence, Dubai Marina · 18th floor · completed 2012

1809, Elite Residence

Sold prices and rental history: sold 4 times, last in January 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1809 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 1.1M8 January 2024
Current rentAED 66K /yr1 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1809, Elite Residence

What is 1809 worth today?

Last sold for AED 1,100,000 in 2024

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1 Aug 2024RentedRenewal
AED 66,000/yr12 months · AED 90 per sqft
1 Aug 2024RentedNew contract
AED 82,000/yr12 months · AED 112 per sqft
8 Jan 2024SoldReady
AED 1,100,000AED 1,493 per sqft
1 Aug 2023RentedRenewal
AED 75,000/yr12 months · AED 102 per sqft
20 Oct 2022RentedRenewal
AED 58,037/yr9 months · AED 79 per sqft
20 Oct 2021RentedNew contract
AED 50,000/yr12 months · AED 68 per sqft
21 Jan 2016RentedNew contract
AED 95,000/yr12 months · AED 130 per sqft
4 Sep 2014SoldReady
AED 1,325,000AED 1,798 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
1-bed apartment
Size
737 sqft
Floor
18th of 83
Parking
B4-18
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 9,700 /yr
Last sold
AED 1.1M · January 2024

About 1809, Elite Residence

1809 is a one-bedroom apartment of 737 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 8 January 2024 for AED 1,100,000, or AED 1,493 per sqft, 15% above the AED 1,301 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 66,000 a year: a gross yield of 6.0% on the 2024 price, before the service charge of about AED 9,700 a year.

Sales and rents for 1809 over time

Sales
Unit 1809, 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 1,318,587 (AED 1,789 per sqft)Sold, December 2012: AED 1,318,587 (AED 1,789 per sqft)Sold, September 2014: AED 1,325,000 (AED 1,798 per sqft)Sold, January 2024: AED 1,100,000 (AED 1,493 per sqft)

1809 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1809, each contractTypical one-bed in Elite Residence
50K75K100K2012201620202024Typical 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, January 2016: AED 95,000 a yearNew contract, October 2021: AED 50,000 a yearRenewal, October 2022: AED 58,037 a yearRenewal, August 2023: AED 75,000 a yearRenewal, August 2024: AED 66,000 a yearNew contract, August 2024: AED 82,000 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 1809 sits

All 416 1-beds →

1809 last sold in January 2024 at AED 1,493 per sqft, 15% above what one-beds in Elite Residence were fetching at the time (AED 1,301). 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. 1809's AED 66,000 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
18071-bedAED 1.27M · Dec 2012
1–7 of 11

1809, Elite Residence in numbers

  • Sold 4 times: first on 9 August 2009 for AED 1,318,587, last on 8 January 2024 for AED 1,100,000 (AED 1,493 per sqft).
  • Rented since January 2016 on 6 Ejari contracts. The rent fell from AED 95,000 to AED 50,000 in 2021 and recovered to AED 66,000 by August 2024.
  • At AED 66,000 a year the gross yield on the 2024 price is 6.0%, before a service charge of about AED 9,700 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 August 2024.

Questions about 1809, Elite Residence

What did unit 1809 last sell for?

AED 1,100,000 on 8 January 2024: AED 1,493 per sqft for 737 sqft. The unit has 4 registered sales; the first was AED 1,318,587 in August 2009.

What is the rent for unit 1809?

AED 66,000 a year on the contract renewed on 1 August 2024. The previous contract, from August 2024, was AED 82,000; the unit has been rented since January 2016.

How big is unit 1809?

737 sqft (68.5 sqm): a one-bedroom apartment on the 18th floor of a 83-storey tower completed in 2012.

What is unit 1809 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 1809, Elite Residence

Starts from the last sale price (AED 1.1M, 8 January 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,100,000
Deposit, UAE resident (20%)
AED 220,000
Deposit, non-resident (40%)
AED 440,000
Monthly over 25 years at 3.7%
AED 4,500

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