1-bed · 737 sqftElite Residence, Dubai Marina · 35th floor · completed 2012

3509, Elite Residence

Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3509 · DLD and Ejari recordsUpdated 14 June 2024
Last soldAED 1.32M13 June 2024
Current rentAED 60K /yr14 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3509, Elite Residence

What is 3509 worth today?

Last sold for AED 1,315,000 in 2024

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14 Jun 2024RentedNew contract
AED 60,000/yr12 months · AED 82 per sqft
13 Jun 2024SoldReady
AED 1,315,000AED 1,785 per sqft
1 May 2023RentedRenewal
AED 59,850/yr12 months · AED 82 per sqft
1 May 2022RentedNew contract
AED 57,000/yr12 months · AED 78 per sqft
22 Apr 2021RentedNew contract
AED 45,000/yr12 months · AED 61 per sqft
1 Apr 2020RentedNew contract
AED 53,000/yr12 months · AED 72 per sqft
19 Nov 2015RentedRenewal
AED 84,000/yr12 months · AED 115 per sqft
18 Nov 2014RentedNew contract
AED 84,000/yr12 months · AED 115 per sqft

Source: Dubai Land Department. Updated 14 June 2024.

Key facts

Type
1-bed apartment
Size
737 sqft
Floor
35th of 83
Parking
P3-21
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 9,700 /yr
Last sold
AED 1.32M · June 2024

About 3509, Elite Residence

3509 is a one-bedroom apartment of 737 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 June 2024 for AED 1,315,000, or AED 1,785 per sqft, 20% above the AED 1,493 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 14 June 2024, is AED 60,000 a year: a gross yield of 4.6% on the 2024 price, before the service charge of about AED 9,700 a year.

Sales and rents for 3509 over time

Sales
Unit 3509, 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 1,245,467 (AED 1,690 per sqft)Sold, December 2012: AED 1,245,467 (AED 1,690 per sqft)Sold, June 2024: AED 1,315,000 (AED 1,785 per sqft)

3509 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3509, each contractTypical one-bed in Elite Residence
50K75K100K2012201620202024Typical 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 2013: AED 80,000 a yearNew contract, November 2014: AED 84,000 a yearRenewal, November 2015: AED 84,000 a yearNew contract, April 2020: AED 53,000 a yearNew contract, April 2021: AED 45,000 a yearNew contract, May 2022: AED 57,000 a yearRenewal, May 2023: AED 59,850 a yearNew contract, June 2024: AED 60,000 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 3509 sits

All 416 1-beds →

3509 last sold in June 2024 at AED 1,785 per sqft, 20% above what one-beds in Elite Residence were fetching at the time (AED 1,493). 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. 3509's AED 60,000 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
35061-bedAED 800K · Feb 2021
35071-bedAED 1.28M · Sep 2015
1–7 of 11

3509, Elite Residence in numbers

  • Sold 3 times: first on 13 August 2009 for AED 1,245,467, last on 13 June 2024 for AED 1,315,000 (AED 1,785 per sqft).
  • Rented since November 2013 on 8 Ejari contracts. The rent fell from AED 80,000 to AED 45,000 in 2021 and recovered to AED 60,000 by June 2024.
  • At AED 60,000 a year the gross yield on the 2024 price is 4.6%, before a service charge of about AED 9,700 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 14 June 2024.

Questions about 3509, Elite Residence

What did unit 3509 last sell for?

AED 1,315,000 on 13 June 2024: AED 1,785 per sqft for 737 sqft. The unit has 3 registered sales; the first was AED 1,245,467 in August 2009.

What is the rent for unit 3509?

AED 60,000 a year on the contract signed on 14 June 2024. The previous contract, from May 2023, was AED 59,850; the unit has been rented since November 2013.

How big is unit 3509?

737 sqft (68.5 sqm): a one-bedroom apartment on the 35th floor of a 83-storey tower completed in 2012.

What is unit 3509 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 3509, Elite Residence

Starts from the last sale price (AED 1.32M, 13 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,315,000
Deposit, UAE resident (20%)
AED 263,000
Deposit, non-resident (40%)
AED 526,000
Monthly over 25 years at 3.7%
AED 5,380

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