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2-bed · 665 sqftElite Residence, Dubai Marina · 34th floor · completed 2012

3402, Elite Residence

Sold prices and rental history: sold 4 times, last in July 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3402 · DLD and Ejari recordsUpdated 5 July 2021
Last soldAED 600K5 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3402, Elite Residence

What is 3402 worth today?

Last sold for AED 600,000 in 2021

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5 Jul 2021SoldReady
AED 600,000AED 901 per sqft
12 Apr 2016SoldReady
AED 2,826,778AED 2,124 per sqft
27 Dec 2012SoldReady
AED 4,297,997AED 3,230 per sqft
5 Aug 2009Sold by developerOff-plan
AED 4,297,997AED 3,230 per sqft

Source: Dubai Land Department. Updated 5 July 2021.

Key facts

Type
2-bed apartment
Size
665 sqft
Floor
34th of 83
Parking
P3-46
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 8,700 /yr
Last sold
AED 600K · July 2021
Building
Elite Residence

About 3402, Elite Residence

3402 is a two-bedroom apartment of 665 sqft on the 34th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 5 July 2021 for AED 600,000, or AED 901 per sqft, 18% above the AED 766 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3402 over time

Sales
Unit 3402, each saleTypical two-bed in Elite Residence
02M4M2009201420192024Typical sale price by year: 2009 AED 2,511,312; 2010 AED 2,337,716; 2012 AED 1,707,826; 2013 AED 1,933,754; 2014 AED 2,223,814; 2015 AED 1,625,000; 2016 AED 1,700,000; 2017 AED 1,660,000; 2018 AED 1,375,000; 2019 AED 1,000,000; 2020 AED 1,150,000; 2021 AED 1,100,000; 2022 AED 1,495,000; 2023 AED 1,645,000; 2024 AED 1,900,000; 2025 AED 1,850,000; 2026 AED 1,925,000Sold by developer, August 2009: AED 4,297,997 (AED 3,230 per sqft)Sold, December 2012: AED 4,297,997 (AED 3,230 per sqft)Sold, April 2016: AED 2,826,778 (AED 2,124 per sqft)Sold, July 2021: AED 600,000 (AED 901 per sqft)

3402 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3402, each contractTypical two-bed in Elite Residence
100K2012201620202024Typical rent by year: 2012 AED 100,000; 2013 AED 115,000; 2014 AED 131,250; 2015 AED 135,000; 2016 AED 135,000; 2017 AED 125,000; 2018 AED 110,000; 2019 AED 90,000; 2020 AED 76,500; 2021 AED 75,000; 2022 AED 90,000; 2023 AED 110,000; 2024 AED 125,000; 2025 AED 130,000; 2026 AED 120,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Elite Residence, and where 3402 sits

All 208 2-beds →

3402 last sold in July 2021 at AED 901 per sqft, 18% above what two-beds in Elite Residence were fetching at the time (AED 766). Over the last 12 months two-beds sold for AED 1,800,000 to 2,270,000, around AED 1,417 per sqft, and rent for AED 85,000 to 225,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20262,000,000
2 Sep 20262,270,000
8 Jul 20262,060,000
7 Jul 20261,810,000
14 2-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 34th floor

All 697 units in Elite Residence
Value
34011-bedAED 1.2M · Feb 2023
34031-bedAED 1.88M · Apr 2016
34041-bedAED 1.5M · Jul 2023
34052-bedAED 1.45M · Jul 2021
34061-bedAED 700K · Jul 2021
34071-bedAED 1.41M · Apr 2016
34082-bedAED 1M · Jul 2021
1–7 of 11

3402, Elite Residence in numbers

  • Sold 4 times: first on 5 August 2009 for AED 4,297,997, last on 5 July 2021 for AED 600,000 (AED 901 per sqft).
  • Two-beds in Elite Residence sold for AED 1,800,000–2,270,000 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 5 July 2021.

Questions about 3402, Elite Residence

What did unit 3402 last sell for?

AED 600,000 on 5 July 2021: AED 901 per sqft for 665 sqft. The unit has 4 registered sales; the first was AED 4,297,997 in August 2009.

How big is unit 3402?

665 sqft (61.8 sqm): a two-bedroom apartment on the 34th floor of a 83-storey tower completed in 2012.

What is unit 3402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Residence sold for AED 1,800,000 to 2,270,000 in the last 12 months, around AED 1,417 per sqft.

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Mortgage on 3402, Elite Residence

Starts from the last sale price (AED 600K, 5 July 2021). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

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