1-bed · 960 sqftElite Residence, Dubai Marina · 26th floor · completed 2012

2601, Elite Residence

Sold prices and rental history: sold 3 times, last in March 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2601 · DLD and Ejari recordsUpdated 10 October 2024
Last soldAED 750K23 March 2014
Current rentAED 85K /yr10 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2601, Elite Residence

What is 2601 worth today?

Last sold for AED 750,000 in 2014

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10 Oct 2024RentedNew contract
AED 85,000/yr12 months · AED 88 per sqft
10 Oct 2024RentedNew contract
AED 85,000/yr12 months · AED 88 per sqft
1 Aug 2019RentedNew contract
AED 58,000/yr12 months · AED 61 per sqft
26 Apr 2018RentedNew contract
AED 80,000/yr12 months · AED 84 per sqft
31 Aug 2014RentedNew contract
AED 95,000/yr12 months · AED 99 per sqft
6 Jun 2014RentedNew contract
AED 87,529/yr6 months · AED 91 per sqft
23 Mar 2014SoldReady
AED 750,000AED 780 per sqft
29 Dec 2012SoldReady
AED 1,269,410AED 1,321 per sqft

Source: Dubai Land Department. Updated 10 October 2024.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
26th of 83
Parking
B3-67
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 750K · March 2014

About 2601, Elite Residence

2601 is a one-bedroom apartment of 960 sqft on the 26th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 23 March 2014 for AED 750,000, or AED 780 per sqft, 43% below the AED 1,378 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 10 October 2024, is AED 85,000 a year: a gross yield of 11.3% on the 2014 price, before the service charge of about AED 12,600 a year.

Sales and rents for 2601 over time

Sales
Unit 2601, 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 1,295,410 (AED 1,348 per sqft)Sold, December 2012: AED 1,269,410 (AED 1,321 per sqft)Sold, March 2014: AED 750,000 (AED 780 per sqft)

2601 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2601, 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, June 2014: AED 87,529 a yearNew contract, August 2014: AED 95,000 a yearNew contract, April 2018: AED 80,000 a yearNew contract, August 2019: AED 58,000 a yearNew contract, October 2024: AED 85,000 a yearNew contract, October 2024: AED 85,000 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 2601 sits

All 416 1-beds →

2601 last sold in March 2014 at AED 780 per sqft, 43% below what one-beds in Elite Residence were fetching at the time (AED 1,378). 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. 2601's AED 85,000 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 26th floor

All 697 units in Elite Residence
Value
26022-bedAED 2.54M · Dec 2012
26031-bedAED 1.58M · Dec 2012
26041-bedAED 1.9M · Jun 2014
26052-bedAED 2.5M · Jun 2014
26061-bedAED 1.03M · Mar 2013
26071-bedAED 1.31M · May 2013
26082-bedAED 1.86M · Oct 2014
1–7 of 11

2601, Elite Residence in numbers

  • Sold 3 times: first on 9 August 2009 for AED 1,295,410, last on 23 March 2014 for AED 750,000 (AED 780 per sqft).
  • Rented since June 2014 on 6 Ejari contracts. The rent fell from AED 87,529 to AED 58,000 in 2019 and recovered to AED 85,000 by October 2024.
  • At AED 85,000 a year the gross yield on the 2014 price is 11.3%, 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 10 October 2024.

Questions about 2601, Elite Residence

What did unit 2601 last sell for?

AED 750,000 on 23 March 2014: AED 780 per sqft for 960 sqft. The unit has 3 registered sales; the first was AED 1,295,410 in August 2009.

What is the rent for unit 2601?

AED 85,000 a year on the contract signed on 10 October 2024. The previous contract, from October 2024, was AED 85,000; the unit has been rented since June 2014.

How big is unit 2601?

960 sqft (89.2 sqm): a one-bedroom apartment on the 26th floor of a 83-storey tower completed in 2012.

What is unit 2601 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 2601, Elite Residence

Starts from the last sale price (AED 750K, 23 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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