1-bed · 801 sqftElite Residence, Dubai Marina · 34th floor · completed 2012

3403, Elite Residence

Sold prices and rental history: sold 3 times, last in April 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3403 · DLD and Ejari recordsUpdated 20 March 2023
Last soldAED 1.88M12 April 2016
Current rentAED 69K /yr20 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3403, Elite Residence

What is 3403 worth today?

Last sold for AED 1,880,695 in 2016

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20 Mar 2023RentedRenewal
AED 69,300/yr12 months · AED 87 per sqft
20 Mar 2022RentedRenewal
AED 66,000/yr12 months · AED 83 per sqft
20 Mar 2021RentedNew contract
AED 60,000/yr12 months · AED 75 per sqft
12 Apr 2016SoldReady
AED 1,880,695AED 2,346 per sqft
11 Dec 2014RentedNew contract
AED 110,000/yr12 months · AED 138 per sqft
2 Oct 2013RentedNew contract
AED 85,000/yr12 months · AED 107 per sqft
27 Dec 2012SoldReady
AED 2,859,517AED 3,568 per sqft
5 Aug 2009Sold by developerOff-plan
AED 2,859,517AED 3,568 per sqft

Source: Dubai Land Department. Updated 20 March 2023.

Key facts

Type
1-bed apartment
Size
801 sqft
Floor
34th of 83
Parking
P3-54
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 1.88M · April 2016

About 3403, Elite Residence

3403 is a one-bedroom apartment of 801 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 12 April 2016 for AED 1,880,695, or AED 2,346 per sqft, 72% above the AED 1,364 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 20 March 2023, is AED 69,300 a year: a gross yield of 3.7% on the 2016 price, before the service charge of about AED 10,500 a year.

Sales and rents for 3403 over time

Sales
Unit 3403, each saleTypical one-bed in Elite Residence
1M2M3M2009201420192024Typical 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 2,859,517 (AED 3,568 per sqft)Sold, December 2012: AED 2,859,517 (AED 3,568 per sqft)Sold, April 2016: AED 1,880,695 (AED 2,346 per sqft)

3403 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3403, 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, October 2013: AED 85,000 a yearNew contract, December 2014: AED 110,000 a yearNew contract, March 2021: AED 60,000 a yearRenewal, March 2022: AED 66,000 a yearRenewal, March 2023: AED 69,300 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 3403 sits

All 416 1-beds →

3403 last sold in April 2016 at AED 2,346 per sqft, 72% above what one-beds in Elite Residence were fetching at the time (AED 1,364). 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. 3403's AED 69,300 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 34th floor

All 697 units in Elite Residence
Value
34011-bedAED 1.2M · Feb 2023
34022-bedAED 600K · Jul 2021
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

3403, Elite Residence in numbers

  • Sold 3 times: first on 5 August 2009 for AED 2,859,517, last on 12 April 2016 for AED 1,880,695 (AED 2,346 per sqft).
  • Rented since October 2013 on 5 Ejari contracts. The rent fell from AED 85,000 to AED 60,000 in 2021 and recovered to AED 69,300 by March 2023.
  • At AED 69,300 a year the gross yield on the 2016 price is 3.7%, before a service charge of about AED 10,500 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 20 March 2023.

Questions about 3403, Elite Residence

What did unit 3403 last sell for?

AED 1,880,695 on 12 April 2016: AED 2,346 per sqft for 801 sqft. The unit has 3 registered sales; the first was AED 2,859,517 in August 2009.

What is the rent for unit 3403?

AED 69,300 a year on the contract renewed on 20 March 2023. The previous contract, from March 2022, was AED 66,000; the unit has been rented since October 2013.

How big is unit 3403?

801 sqft (74.4 sqm): a one-bedroom apartment on the 34th floor of a 83-storey tower completed in 2012.

What is unit 3403 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 3403, Elite Residence

Starts from the last sale price (AED 1.88M, 12 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,880,695
Deposit, UAE resident (20%)
AED 376,139
Deposit, non-resident (40%)
AED 752,278
Monthly over 25 years at 3.7%
AED 7,695

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