2-bed · 1,331 sqftElite Residence, Dubai Marina · 35th floor · completed 2012

3502, Elite Residence

Sold prices and rental history: sold 4 times, last in July 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3502 · DLD and Ejari recordsUpdated 10 June 2023
Last soldAED 1.8M13 July 2016
Current rentAED 105K /yr10 June 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3502, Elite Residence

What is 3502 worth today?

Last sold for AED 1,800,000 in 2016

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10 Jun 2023RentedRenewal
AED 105,000/yr12 months · AED 79 per sqft
10 Jun 2022RentedNew contract
AED 90,000/yr12 months · AED 67 per sqft
24 Jan 2021RentedNew contract
AED 70,000/yr12 months · AED 52 per sqft
1 Jan 2020RentedNew contract
AED 80,000/yr12 months · AED 60 per sqft
1 Oct 2018RentedNew contract
AED 100,000/yr12 months · AED 75 per sqft
8 Aug 2017RentedRenewal
AED 125,000/yr12 months · AED 94 per sqft
8 Aug 2016RentedNew contract
AED 135,000/yr12 months · AED 101 per sqft
13 Jul 2016SoldReady
AED 1,800,000AED 1,352 per sqft

Source: Dubai Land Department. Updated 10 June 2023.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
35th of 83
Parking
B3-45
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.8M · July 2016

About 3502, Elite Residence

3502 is a two-bedroom apartment of 1,331 sqft on the 35th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 13 July 2016 for AED 1,800,000, or AED 1,352 per sqft, in line with the AED 1,354 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 10 June 2023, is AED 105,000 a year: a gross yield of 5.8% on the 2016 price, before the service charge of about AED 17,400 a year.

Sales and rents for 3502 over time

Sales
Unit 3502, each saleTypical two-bed in Elite Residence
1M2M2009201420192024Typical 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 2,673,802 (AED 2,009 per sqft)Sold, June 2012: AED 1,400,000 (AED 1,052 per sqft)Sold, December 2012: AED 2,673,802 (AED 2,009 per sqft)Sold, July 2016: AED 1,800,000 (AED 1,352 per sqft)

3502 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3502, 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 120,000New contract, August 2016: AED 135,000 a yearRenewal, August 2017: AED 125,000 a yearNew contract, October 2018: AED 100,000 a yearNew contract, January 2020: AED 80,000 a yearNew contract, January 2021: AED 70,000 a yearNew contract, June 2022: AED 90,000 a yearRenewal, June 2023: AED 105,000 a year

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 3502 sits

All 208 2-beds →

3502 last sold in July 2016 at AED 1,352 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 1,354). 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. 3502's AED 105,000 is in the lower half of that range.

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 35th floor

All 697 units in Elite Residence
Value
35011-bedAED 1.35M · Aug 2025
35031-bedAED 995K · Oct 2021
35041-bedAED 920K · Feb 2021
35052-bedAED 1.95M · Feb 2024
35061-bedAED 800K · Feb 2021
35071-bedAED 1.28M · Sep 2015
35082-bedAED 1.35M · Jul 2023
1–7 of 11

3502, Elite Residence in numbers

  • Sold 4 times: first on 10 August 2009 for AED 2,673,802, last on 13 July 2016 for AED 1,800,000 (AED 1,352 per sqft).
  • Rented since August 2016 on 7 Ejari contracts. The rent fell from AED 135,000 to AED 70,000 in 2021 and recovered to AED 105,000 by June 2023.
  • At AED 105,000 a year the gross yield on the 2016 price is 5.8%, 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 10 June 2023.

Questions about 3502, Elite Residence

What did unit 3502 last sell for?

AED 1,800,000 on 13 July 2016: AED 1,352 per sqft for 1,331 sqft. The unit has 4 registered sales; the first was AED 2,673,802 in August 2009.

What is the rent for unit 3502?

AED 105,000 a year on the contract renewed on 10 June 2023. The previous contract, from June 2022, was AED 90,000; the unit has been rented since August 2016.

How big is unit 3502?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 35th floor of a 83-storey tower completed in 2012.

What is unit 3502 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 3502, Elite Residence

Starts from the last sale price (AED 1.8M, 13 July 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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