1-bed · 802 sqftElite Residence, Dubai Marina · 34th floor · completed 2012

3404, Elite Residence

Sold prices and rental history: sold 3 times, last in July 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3404 · DLD and Ejari recordsUpdated 14 July 2023
Last soldAED 1.5M14 July 2023
Current rentAED 63K /yr1 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3404, Elite Residence

What is 3404 worth today?

Last sold for AED 1,500,000 in 2023

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14 Jul 2023SoldReady
AED 1,500,000AED 1,870 per sqft
1 Mar 2021RentedNew contract
AED 63,000/yr12 months · AED 78 per sqft
15 Oct 2019RentedNew contract
AED 70,000/yr12 months · AED 87 per sqft
27 Sep 2019RentedNew contract · flagged as an outlier
AED 5,000/yr60 months · AED 6 per sqft
5 Sep 2019RentedNew contract
AED 80,000/yr12 months · AED 99 per sqft
17 Aug 2018RentedNew contract
AED 82,500/yr12 months · AED 102 per sqft
15 Nov 2016RentedNew contract
AED 115,000/yr12 months · AED 142 per sqft
2 Nov 2016SoldReady
AED 1,400,000AED 1,745 per sqft

Source: Dubai Land Department. Updated 14 July 2023.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
34th of 83
Parking
P3-20
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 1.5M · July 2023

About 3404, Elite Residence

3404 is a one-bedroom apartment of 802 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 14 July 2023 for AED 1,500,000, or AED 1,870 per sqft, 53% above the AED 1,223 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 1 March 2021, is AED 63,000 a year: a gross yield of 4.2% on the 2023 price, before the service charge of about AED 10,500 a year.

Sales and rents for 3404 over time

Sales
Unit 3404, 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, December 2012: AED 1,132,399 (AED 1,412 per sqft)Sold, November 2016: AED 1,400,000 (AED 1,745 per sqft)Sold, July 2023: AED 1,500,000 (AED 1,870 per sqft)

3404 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3404, each contractTypical one-bed in Elite Residence
50K100K2012201620202024Typical 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, November 2016: AED 115,000 a yearNew contract, August 2018: AED 82,500 a yearNew contract, September 2019: AED 80,000 a yearNew contract, October 2019: AED 70,000 a yearNew contract, March 2021: AED 63,000 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 3404 sits

All 416 1-beds →

3404 last sold in July 2023 at AED 1,870 per sqft, 53% above what one-beds in Elite Residence were fetching at the time (AED 1,223). 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. 3404's AED 63,000 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 34th floor

All 697 units in Elite Residence
Value
34011-bedAED 1.2M · Feb 2023
34022-bedAED 600K · Jul 2021
34031-bedAED 1.88M · Apr 2016
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

3404, Elite Residence in numbers

  • Sold 3 times: first on 13 December 2012 for AED 1,132,399, last on 14 July 2023 for AED 1,500,000 (AED 1,870 per sqft).
  • Rented since November 2016 on 6 Ejari contracts. The rent fell from AED 115,000 to AED 5,000 in 2019 and recovered to AED 63,000 by March 2021.
  • At AED 63,000 a year the gross yield on the 2023 price is 4.2%, 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 14 July 2023.

Questions about 3404, Elite Residence

What did unit 3404 last sell for?

AED 1,500,000 on 14 July 2023: AED 1,870 per sqft for 802 sqft. The unit has 3 registered sales; the first was AED 1,132,399 in December 2012.

What is the rent for unit 3404?

AED 63,000 a year on the contract signed on 1 March 2021. The previous contract, from October 2019, was AED 70,000; the unit has been rented since November 2016.

How big is unit 3404?

802 sqft (74.5 sqm): a one-bedroom apartment on the 34th floor of a 83-storey tower completed in 2012.

What is unit 3404 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 3404, Elite Residence

Starts from the last sale price (AED 1.5M, 14 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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