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1-bed · 960 sqftElite Residence, Dubai Marina · 24th floor · completed 2012

2407, Elite Residence

Sold prices and rental history: sold twice, last in October 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2407 · DLD and Ejari recordsUpdated 17 October 2012
Last soldAED 1.3M17 October 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2407, Elite Residence

What is 2407 worth today?

Last sold for AED 1,302,249 in 2012

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17 Oct 2012SoldReady
AED 1,302,249AED 1,356 per sqft
12 Aug 2009Sold by developerOff-plan
AED 1,302,249AED 1,356 per sqft

Source: Dubai Land Department. Updated 17 October 2012.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
24th of 83
Parking
P3-04
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 1.3M · October 2012
Building
Elite Residence

About 2407, Elite Residence

2407 is a one-bedroom apartment of 960 sqft on the 24th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 17 October 2012 for AED 1,302,249, or AED 1,356 per sqft, 15% above the AED 1,182 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2407 over time

Sales
Unit 2407, 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 1,302,249 (AED 1,356 per sqft)Sold, October 2012: AED 1,302,249 (AED 1,356 per sqft)

2407 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2407, 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 82,000

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 2407 sits

All 416 1-beds →

2407 last sold in October 2012 at AED 1,356 per sqft, 15% above what one-beds in Elite Residence were fetching at the time (AED 1,182). 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.

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 24th floor

All 697 units in Elite Residence
Value
24011-bedAED 2.1M · Aug 2024
24022-bedAED 2.12M · Dec 2015
24031-bedAED 2.1M · Feb 2024
24041-bedAED 1.09M · Feb 2022
24052-bedAED 1.9M · Apr 2026
24061-bedAED 1.3M · Oct 2012
24082-bedAED 1.62M · Aug 2022
1–7 of 11

2407, Elite Residence in numbers

  • Sold twice: first on 12 August 2009 for AED 1,302,249, last on 17 October 2012 for AED 1,302,249 (AED 1,356 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 17 October 2012.

Questions about 2407, Elite Residence

What did unit 2407 last sell for?

AED 1,302,249 on 17 October 2012: AED 1,356 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 1,302,249 in August 2009.

How big is unit 2407?

960 sqft (89.2 sqm): a one-bedroom apartment on the 24th floor of a 83-storey tower completed in 2012.

What is unit 2407 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 2407, Elite Residence

Starts from the last sale price (AED 1.3M, 17 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,302,249
Deposit, UAE resident (20%)
AED 260,450
Deposit, non-resident (40%)
AED 520,900
Monthly over 25 years at 3.7%
AED 5,328

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