1-bed · 960 sqftElite Residence, Dubai Marina · 37th floor · completed 2012

3706, Elite Residence

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3706 · DLD and Ejari recordsUpdated 21 July 2020
Last soldAED 671K27 December 2012
Current rentAED 65K /yr21 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3706, Elite Residence

What is 3706 worth today?

Last sold for AED 671,424 in 2012

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21 Jul 2020RentedRenewal
AED 65,000/yr12 months · AED 68 per sqft
21 Jul 2019RentedRenewal
AED 65,000/yr12 months · AED 68 per sqft
21 Jul 2018RentedNew contract
AED 80,000/yr12 months · AED 84 per sqft
30 Mar 2016RentedNew contract
AED 96,740/yr12 months · AED 101 per sqft
27 Dec 2012SoldReady
AED 671,424AED 699 per sqft
26 Aug 2009Sold by developerOff-plan
AED 1,342,847AED 1,398 per sqft

Source: Dubai Land Department. Updated 21 July 2020.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
37th of 83
Parking
P3-02
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 671K · December 2012

About 3706, Elite Residence

3706 is a one-bedroom apartment of 960 sqft on the 37th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 27 December 2012 for AED 671,424, or AED 699 per sqft, 48% below the AED 1,356 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 4 Ejari contracts. The current contract, renewed on 21 July 2020, is AED 65,000 a year: a gross yield of 9.7% on the 2012 price, before the service charge of about AED 12,600 a year.

Sales and rents for 3706 over time

Sales
Unit 3706, 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 1,342,847 (AED 1,398 per sqft)Sold, December 2012: AED 671,424 (AED 699 per sqft)

3706 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3706, 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, March 2016: AED 96,740 a yearNew contract, July 2018: AED 80,000 a yearRenewal, July 2019: AED 65,000 a yearRenewal, July 2020: AED 65,000 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 3706 sits

All 416 1-beds →

3706 last sold in December 2012 at AED 699 per sqft, 48% below what one-beds in Elite Residence were fetching at the time (AED 1,356). 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. 3706's AED 65,000 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 37th floor

All 697 units in Elite Residence
Value
37011-bedAED 1.35M · Mar 2025
37022-bedAED 2.05M · Feb 2013
37031-bedAED 1.7M · Oct 2014
37041-bedAED 1.35M · Jan 2013
37052-bedAED 2.05M · Jun 2013
37071-bedAED 671K · Jan 2013
37082-bedAED 1.01M · Apr 2017
1–7 of 11

3706, Elite Residence in numbers

  • Sold twice: first on 26 August 2009 for AED 1,342,847, last on 27 December 2012 for AED 671,424 (AED 699 per sqft).
  • Rented since March 2016 on 4 Ejari contracts, from AED 96,740 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2012 price is 9.7%, 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 July 2020.

Questions about 3706, Elite Residence

What did unit 3706 last sell for?

AED 671,424 on 27 December 2012: AED 699 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 1,342,847 in August 2009.

What is the rent for unit 3706?

AED 65,000 a year on the contract renewed on 21 July 2020. The previous contract, from July 2019, was AED 65,000; the unit has been rented since March 2016.

How big is unit 3706?

960 sqft (89.2 sqm): a one-bedroom apartment on the 37th floor of a 83-storey tower completed in 2012.

What is unit 3706 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 3706, Elite Residence

Starts from the last sale price (AED 671K, 27 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 671,424
Deposit, UAE resident (20%)
AED 134,285
Deposit, non-resident (40%)
AED 268,570
Monthly over 25 years at 3.7%
AED 2,747

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