2-bed · 1,330 sqftElite Residence, Dubai Marina · 35th floor · completed 2012

3505, Elite Residence

Sold prices and rental history: sold 4 times, last in February 2024, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3505 · DLD and Ejari recordsUpdated 1 May 2024
Last soldAED 1.95M27 February 2024
Current rentAED 135K /yr1 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3505, Elite Residence

What is 3505 worth today?

Last sold for AED 1,950,000 in 2024

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1 May 2024RentedNew contract
AED 135,000/yr12 months · AED 101 per sqft
1 May 2024RentedNew contract
AED 135,000/yr12 months · AED 101 per sqft
27 Feb 2024SoldReady
AED 1,950,000AED 1,466 per sqft
28 Sep 2022RentedNew contract
AED 112,000/yr12 months · AED 84 per sqft
9 Oct 2021RentedRenewal
AED 120,000/yr5 months · AED 90 per sqft
9 Oct 2020RentedNew contract
AED 120,000/yr12 months · AED 90 per sqft
1 Oct 2015RentedNew contract
AED 145,000/yr12 months · AED 109 per sqft
14 Nov 2013SoldReady
AED 2,422,500AED 1,821 per sqft

Source: Dubai Land Department. Updated 1 May 2024.

Key facts

Type
2-bed apartment
Size
1,330 sqft
Floor
35th of 83
Parking
B3-87
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.95M · February 2024

About 3505, Elite Residence

3505 is a two-bedroom apartment of 1,330 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 27 February 2024 for AED 1,950,000, or AED 1,466 per sqft, 9% above the AED 1,344 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 1 May 2024, is AED 135,000 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 17,400 a year.

Sales and rents for 3505 over time

Sales
Unit 3505, 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 2,010 per sqft)Sold, March 2013: AED 2,673,802 (AED 2,010 per sqft)Sold, November 2013: AED 2,422,500 (AED 1,821 per sqft)Sold, February 2024: AED 1,950,000 (AED 1,466 per sqft)

3505 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3505, each contractTypical two-bed in Elite Residence
100K150K2012201620202024Typical 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, October 2015: AED 145,000 a yearNew contract, October 2020: AED 120,000 a yearRenewal, October 2021: AED 120,000 a yearNew contract, September 2022: AED 112,000 a yearNew contract, May 2024: AED 135,000 a yearNew contract, May 2024: AED 135,000 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 3505 sits

All 208 2-beds →

3505 last sold in February 2024 at AED 1,466 per sqft, 9% above what two-beds in Elite Residence were fetching at the time (AED 1,344). 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. 3505's AED 135,000 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
35022-bedAED 1.8M · Jul 2016
35031-bedAED 995K · Oct 2021
35041-bedAED 920K · Feb 2021
35061-bedAED 800K · Feb 2021
35071-bedAED 1.28M · Sep 2015
35082-bedAED 1.35M · Jul 2023
1–7 of 11

3505, Elite Residence in numbers

  • Sold 4 times: first on 10 August 2009 for AED 2,673,802, last on 27 February 2024 for AED 1,950,000 (AED 1,466 per sqft).
  • Rented since October 2015 on 6 Ejari contracts. The rent fell from AED 145,000 to AED 112,000 in 2022 and recovered to AED 135,000 by May 2024.
  • At AED 135,000 a year the gross yield on the 2024 price is 6.9%, 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 1 May 2024.

Questions about 3505, Elite Residence

What did unit 3505 last sell for?

AED 1,950,000 on 27 February 2024: AED 1,466 per sqft for 1,330 sqft. The unit has 4 registered sales; the first was AED 2,673,802 in August 2009.

What is the rent for unit 3505?

AED 135,000 a year on the contract signed on 1 May 2024. The previous contract, from May 2024, was AED 135,000; the unit has been rented since October 2015.

How big is unit 3505?

1,330 sqft (123.6 sqm): a two-bedroom apartment on the 35th floor of a 83-storey tower completed in 2012.

What is unit 3505 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 3505, Elite Residence

Starts from the last sale price (AED 1.95M, 27 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,950,000
Deposit, UAE resident (20%)
AED 390,000
Deposit, non-resident (40%)
AED 780,000
Monthly over 25 years at 3.7%
AED 7,978

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