1-bed · 802 sqftElite Residence, Dubai Marina · 35th floor · completed 2012

3504, Elite Residence

Sold prices and rental history: sold 3 times, last in February 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3504 · DLD and Ejari recordsUpdated 2 February 2021
Last soldAED 920K2 February 2021
Current rentAED 78K /yr15 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3504, Elite Residence

What is 3504 worth today?

Last sold for AED 920,000 in 2021

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2 Feb 2021SoldReady
AED 920,000AED 1,147 per sqft
15 Aug 2019RentedNew contract
AED 78,000/yr12 months · AED 97 per sqft
5 Aug 2018RentedRenewal
AED 95,000/yr12 months · AED 118 per sqft
5 Aug 2017RentedNew contract
AED 95,000/yr12 months · AED 118 per sqft
23 Jun 2016RentedNew contract
AED 103,000/yr12 months · AED 128 per sqft
4 Nov 2014RentedNew contract
AED 115,500/yr12 months · AED 143 per sqft
25 Mar 2013SoldReady
AED 1,778,918AED 2,218 per sqft
10 Aug 2009Sold by developerOff-plan
AED 1,778,918AED 2,218 per sqft

Source: Dubai Land Department. Updated 2 February 2021.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
35th of 83
Parking
B3-12
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 920K · February 2021

About 3504, Elite Residence

3504 is a one-bedroom apartment of 802 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 2 February 2021 for AED 920,000, or AED 1,147 per sqft, 22% above the AED 943 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 15 August 2019, is AED 78,000 a year: a gross yield of 8.5% on the 2021 price, before the service charge of about AED 10,500 a year.

Sales and rents for 3504 over time

Sales
Unit 3504, 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, August 2009: AED 1,778,918 (AED 2,218 per sqft)Sold, March 2013: AED 1,778,918 (AED 2,218 per sqft)Sold, February 2021: AED 920,000 (AED 1,147 per sqft)

3504 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3504, 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 2014: AED 115,500 a yearNew contract, June 2016: AED 103,000 a yearNew contract, August 2017: AED 95,000 a yearRenewal, August 2018: AED 95,000 a yearNew contract, August 2019: AED 78,000 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 3504 sits

All 416 1-beds →

3504 last sold in February 2021 at AED 1,147 per sqft, 22% above what one-beds in Elite Residence were fetching at the time (AED 943). 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. 3504's AED 78,000 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 35th floor

All 697 units in Elite Residence
Value
35011-bedAED 1.35M · Aug 2025
35022-bedAED 1.8M · Jul 2016
35031-bedAED 995K · Oct 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

3504, Elite Residence in numbers

  • Sold 3 times: first on 10 August 2009 for AED 1,778,918, last on 2 February 2021 for AED 920,000 (AED 1,147 per sqft).
  • Rented since November 2014 on 5 Ejari contracts, from AED 115,500 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2021 price is 8.5%, 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 2 February 2021.

Questions about 3504, Elite Residence

What did unit 3504 last sell for?

AED 920,000 on 2 February 2021: AED 1,147 per sqft for 802 sqft. The unit has 3 registered sales; the first was AED 1,778,918 in August 2009.

What is the rent for unit 3504?

AED 78,000 a year on the contract signed on 15 August 2019. The previous contract, from August 2018, was AED 95,000; the unit has been rented since November 2014.

How big is unit 3504?

802 sqft (74.5 sqm): a one-bedroom apartment on the 35th floor of a 83-storey tower completed in 2012.

What is unit 3504 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 3504, Elite Residence

Starts from the last sale price (AED 920K, 2 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 920,000
Deposit, UAE resident (20%)
AED 184,000
Deposit, non-resident (40%)
AED 368,000
Monthly over 25 years at 3.7%
AED 3,764

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