3408, Elite Residence
Sold prices and rental history: sold 4 times, last in July 2021, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3408, Elite Residence
What is 3408 worth today?
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Source: Dubai Land Department. Updated 28 March 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,331 sqft
- Floor
- 34th of 83
- Parking
- B3-46
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1M · July 2021
- Building
- Elite Residence
About 3408, Elite Residence
3408 is a two-bedroom apartment of 1,331 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 1,000,000, or AED 751 per sqft, in line with the AED 766 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 28 March 2024, is AED 106,480 a year: a gross yield of 10.7% on the 2021 price, before the service charge of about AED 17,400 a year.
Sales and rents for 3408 over time
3408 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 3408 sits
All 208 2-beds →3408 last sold in July 2021 at AED 751 per sqft, in line with 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. 3408's AED 106,480 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 1,329 sqft | 2,000,000 | 1,504 | ||
| 2 Sep 20262 September 2026 | 1,330 sqft | 2,270,000 | 1,706 | ||
| 8 Jul 20268 July 2026 | 1,330 sqft | 2,060,000 | 1,548 | ||
| 7 Jul 20267 July 2026 | 1,329 sqft | 1,810,000 | 1,362 |
Elite Residence
Building697 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%
Other units on the 34th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3401 | 1-bed | 960 sqft | AED 1.2MAED 1,200,000 · Feb 2023February 2023 | 105,000 /yr | |
| 3402 | 2-bed | 665 sqft | AED 600KAED 600,000 · Jul 2021July 2021 | ||
| 3403 | 1-bed | 801 sqft | AED 1.88MAED 1,880,695 · Apr 2016April 2016 | 69,300 /yr | |
| 3404 | 1-bed | 802 sqft | AED 1.5MAED 1,500,000 · Jul 2023July 2023 | 63,000 /yr | |
| 3405 | 2-bed | 1,330 sqft | AED 1.45MAED 1,450,000 · Jul 2021July 2021 | 115,000 /yr | |
| 3406 | 1-bed | 960 sqft | AED 700KAED 700,000 · Jul 2021July 2021 | 120,000 /yr | |
| 3407 | 1-bed | 959 sqft | AED 1.41MAED 1,413,072 · Apr 2016April 2016 | 46,000 /yr | |
| 3409 | 1-bed | 737 sqft | AED 650KAED 650,000 · Jul 2021July 2021 | 85,000 /yr | |
| 3410 | 1-bed | 737 sqft | AED 1.25MAED 1,254,022 · Apr 2016April 2016 | 41,400 /yr | |
| 3411 | 2-bed | 1,331 sqft | AED 2.1MAED 2,100,000 · Sep 2025September 2025 | 150,000 /yr | |
| 3412 | 1-bed | 960 sqft | AED 1.08MAED 1,075,000 · Nov 2022November 2022 | 75,000 /yr |
3408, Elite Residence in numbers
- Sold 4 times: first on 5 August 2009 for AED 3,223,497, last on 5 July 2021 for AED 1,000,000 (AED 751 per sqft).
- Rented since November 2012 on 9 Ejari contracts. The rent fell from AED 110,000 to AED 80,000 in 2021 and recovered to AED 106,480 by March 2024.
- At AED 106,480 a year the gross yield on the 2021 price is 10.7%, before a service charge of about AED 17,400 a year (AED 13.10 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 28 March 2024.
Questions about 3408, Elite Residence
What did unit 3408 last sell for?
AED 1,000,000 on 5 July 2021: AED 751 per sqft for 1,331 sqft. The unit has 4 registered sales; the first was AED 3,223,497 in August 2009.
What is the rent for unit 3408?
AED 106,480 a year on the contract renewed on 28 March 2024. The previous contract, from March 2024, was AED 106,480; the unit has been rented since November 2012.
How big is unit 3408?
1,331 sqft (123.7 sqm): a two-bedroom apartment on the 34th floor of a 83-storey tower completed in 2012.
What is unit 3408 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 3408, Elite Residence
Starts from the last sale price (AED 1M, 5 July 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →