1-bed · 960 sqftElite Residence, Dubai Marina · 23rd floor · completed 2012

2301, Elite Residence

Sold prices and rental history: sold 4 times, last in October 2016, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2301 · DLD and Ejari recordsUpdated 2 December 2022
Last soldAED 1.31M13 October 2016
Current rentAED 20K /yr2 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2301, Elite Residence

What is 2301 worth today?

Last sold for AED 1,310,000 in 2016

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2 Dec 2022RentedNew contract · flagged as an outlier
AED 20,000/yr12 months · AED 21 per sqft
31 May 2021RentedNew contract
AED 56,000/yr12 months · AED 58 per sqft
20 Jul 2020RentedRenewal
AED 56,000/yr12 months · AED 58 per sqft
20 Jul 2019RentedNew contract
AED 64,000/yr12 months · AED 67 per sqft
3 Mar 2018RentedNew contract
AED 90,000/yr12 months · AED 94 per sqft
17 Oct 2016RentedNew contract
AED 100,000/yr12 months · AED 104 per sqft
13 Oct 2016SoldReady
AED 1,310,000AED 1,363 per sqft
11 Jul 2015RentedNew contract
AED 100,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 2 December 2022.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
23rd of 83
Parking
P3-55
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 1.31M · October 2016

About 2301, Elite Residence

2301 is a one-bedroom apartment of 960 sqft on the 23rd floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 13 October 2016 for AED 1,310,000, or AED 1,363 per sqft, 4% below the AED 1,425 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 7 Ejari contracts. The current contract, signed on 2 December 2022, is AED 20,000 a year: a gross yield of 1.5% on the 2016 price, before the service charge of about AED 12,600 a year.

Sales and rents for 2301 over time

Sales
Unit 2301, 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, June 2012: AED 909,858 (AED 947 per sqft)Sold, December 2012: AED 909,858 (AED 947 per sqft)Sold, March 2013: AED 1,015,000 (AED 1,056 per sqft)Sold, October 2016: AED 1,310,000 (AED 1,363 per sqft)

2301 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2301, 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, July 2015: AED 100,000 a yearNew contract, October 2016: AED 100,000 a yearNew contract, March 2018: AED 90,000 a yearNew contract, July 2019: AED 64,000 a yearRenewal, July 2020: AED 56,000 a yearNew contract, May 2021: AED 56,000 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 2301 sits

All 416 1-beds →

2301 last sold in October 2016 at AED 1,363 per sqft, 4% below what one-beds in Elite Residence were fetching at the time (AED 1,425). 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. 2301's AED 20,000 is at the bottom 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 23rd floor

All 697 units in Elite Residence
Value
23022-bedAED 1.45M · Sep 2021
23031-bedAED 1.57M · Dec 2012
23041-bedAED 922K · Dec 2012
23052-bedAED 2.2M · Nov 2015
23061-bedAED 1.3M · Jul 2009
23071-bedAED 1.3M · Jul 2009
23082-bedAED 1.05M · May 2019
1–7 of 11

2301, Elite Residence in numbers

  • Sold 4 times: first on 11 June 2012 for AED 909,858, last on 13 October 2016 for AED 1,310,000 (AED 1,363 per sqft).
  • Rented since July 2015 on 7 Ejari contracts, from AED 100,000 to AED 20,000 a year.
  • At AED 20,000 a year the gross yield on the 2016 price is 1.5%, 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 2 December 2022.

Questions about 2301, Elite Residence

What did unit 2301 last sell for?

AED 1,310,000 on 13 October 2016: AED 1,363 per sqft for 960 sqft. The unit has 4 registered sales; the first was AED 909,858 in June 2012.

What is the rent for unit 2301?

AED 20,000 a year on the contract signed on 2 December 2022. The previous contract, from May 2021, was AED 56,000; the unit has been rented since July 2015.

How big is unit 2301?

960 sqft (89.2 sqm): a one-bedroom apartment on the 23rd floor of a 83-storey tower completed in 2012.

What is unit 2301 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 2301, Elite Residence

Starts from the last sale price (AED 1.31M, 13 October 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,310,000
Deposit, UAE resident (20%)
AED 262,000
Deposit, non-resident (40%)
AED 524,000
Monthly over 25 years at 3.7%
AED 5,360

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