1-bed · 960 sqftElite Residence, Dubai Marina · 35th floor · completed 2012

3506, Elite Residence

Sold prices and rental history: sold 3 times, last in February 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3506 · DLD and Ejari recordsUpdated 21 February 2021
Last soldAED 800K21 February 2021
Current rentAED 62K /yr1 February 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3506, Elite Residence

What is 3506 worth today?

Last sold for AED 800,000 in 2021

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21 Feb 2021SoldReady
AED 800,000AED 833 per sqft
1 Feb 2020RentedNew contract
AED 62,000/yr12 months · AED 65 per sqft
15 Oct 2018RentedNew contract
AED 78,000/yr12 months · AED 81 per sqft
5 Jul 2017RentedNew contract
AED 88,000/yr12 months · AED 92 per sqft
14 Oct 2014RentedNew contract
AED 92,000/yr12 months · AED 96 per sqft
19 Sep 2013RentedNew contract
AED 85,000/yr12 months · AED 89 per sqft
25 Mar 2013SoldReady
AED 1,336,601AED 1,391 per sqft
10 Aug 2009Sold by developerOff-plan
AED 1,336,601AED 1,391 per sqft

Source: Dubai Land Department. Updated 21 February 2021.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
35th of 83
Parking
B3-27
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 800K · February 2021

About 3506, Elite Residence

3506 is a one-bedroom apartment of 960 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 21 February 2021 for AED 800,000, or AED 833 per sqft, 6% below the AED 884 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 1 February 2020, is AED 62,000 a year: a gross yield of 7.8% on the 2021 price, before the service charge of about AED 12,600 a year.

Sales and rents for 3506 over time

Sales
Unit 3506, 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 1,336,601 (AED 1,391 per sqft)Sold, March 2013: AED 1,336,601 (AED 1,391 per sqft)Sold, February 2021: AED 800,000 (AED 833 per sqft)

3506 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3506, each contractTypical one-bed in Elite Residence
60K80K100K2012201620202024Typical 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, September 2013: AED 85,000 a yearNew contract, October 2014: AED 92,000 a yearNew contract, July 2017: AED 88,000 a yearNew contract, October 2018: AED 78,000 a yearNew contract, February 2020: AED 62,000 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 3506 sits

All 416 1-beds →

3506 last sold in February 2021 at AED 833 per sqft, 6% below what one-beds in Elite Residence were fetching at the time (AED 884). 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. 3506's AED 62,000 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
35041-bedAED 920K · Feb 2021
35052-bedAED 1.95M · Feb 2024
35071-bedAED 1.28M · Sep 2015
35082-bedAED 1.35M · Jul 2023
1–7 of 11

3506, Elite Residence in numbers

  • Sold 3 times: first on 10 August 2009 for AED 1,336,601, last on 21 February 2021 for AED 800,000 (AED 833 per sqft).
  • Rented since September 2013 on 5 Ejari contracts, from AED 85,000 to AED 62,000 a year.
  • At AED 62,000 a year the gross yield on the 2021 price is 7.8%, before a service charge of about AED 12,600 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 21 February 2021.

Questions about 3506, Elite Residence

What did unit 3506 last sell for?

AED 800,000 on 21 February 2021: AED 833 per sqft for 960 sqft. The unit has 3 registered sales; the first was AED 1,336,601 in August 2009.

What is the rent for unit 3506?

AED 62,000 a year on the contract signed on 1 February 2020. The previous contract, from October 2018, was AED 78,000; the unit has been rented since September 2013.

How big is unit 3506?

960 sqft (89.2 sqm): a one-bedroom apartment on the 35th floor of a 83-storey tower completed in 2012.

What is unit 3506 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 3506, Elite Residence

Starts from the last sale price (AED 800K, 21 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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