1-bed · 737 sqftElite Residence, Dubai Marina · 38th floor · completed 2012

3809, Elite Residence

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3809 · DLD and Ejari recordsUpdated 1 December 2022
Last soldAED 1.38M20 December 2012
Current rentAED 70K /yr1 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3809, Elite Residence

What is 3809 worth today?

Last sold for AED 1,382,752 in 2012

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1 Dec 2022RentedRenewal
AED 70,000/yr12 months · AED 96 per sqft
1 Dec 2021RentedNew contract
AED 62,000/yr12 months · AED 85 per sqft
1 Dec 2020RentedNew contract
AED 45,000/yr12 months · AED 61 per sqft
1 Feb 2019RentedNew contract
AED 68,000/yr12 months · AED 93 per sqft
6 Nov 2017RentedNew contract
AED 80,000/yr12 months · AED 109 per sqft
13 Nov 2016RentedNew contract
AED 92,000/yr12 months · AED 126 per sqft
7 Oct 2015RentedNew contract
AED 95,000/yr12 months · AED 130 per sqft
9 Sep 2014RentedNew contract
AED 107,000/yr12 months · AED 146 per sqft

Source: Dubai Land Department. Updated 1 December 2022.

Key facts

Type
1-bed apartment
Size
737 sqft
Floor
38th of 83
Parking
P3-38
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 9,700 /yr
Last sold
AED 1.38M · December 2012

About 3809, Elite Residence

3809 is a one-bedroom apartment of 737 sqft on the 38th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 20 December 2012 for AED 1,382,752, or AED 1,876 per sqft, 48% above the AED 1,270 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 1 December 2022, is AED 70,000 a year: a gross yield of 5.1% on the 2012 price, before the service charge of about AED 9,700 a year.

Sales and rents for 3809 over time

Sales
Unit 3809, 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, March 2010: AED 1,382,752 (AED 1,876 per sqft)Sold, December 2012: AED 1,382,752 (AED 1,876 per sqft)

3809 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3809, 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, February 2013: AED 70,000 a yearNew contract, September 2014: AED 107,000 a yearNew contract, October 2015: AED 95,000 a yearNew contract, November 2016: AED 92,000 a yearNew contract, November 2017: AED 80,000 a yearNew contract, February 2019: AED 68,000 a yearNew contract, December 2020: AED 45,000 a yearNew contract, December 2021: AED 62,000 a yearRenewal, December 2022: AED 70,000 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 3809 sits

All 416 1-beds →

3809 last sold in December 2012 at AED 1,876 per sqft, 48% above what one-beds in Elite Residence were fetching at the time (AED 1,270). 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. 3809's AED 70,000 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 38th floor

All 697 units in Elite Residence
Value
38011-bedAED 1.56M · Feb 2013
38022-bedAED 3.12M · Feb 2013
38031-bedAED 2.07M · Feb 2013
38041-bedAED 2.07M · Dec 2012
38052-bedAED 3.12M · Dec 2012
38061-bedAED 1.56M · Dec 2012
38071-bedAED 1.56M · Dec 2012
1–7 of 11

3809, Elite Residence in numbers

  • Sold twice: first on 15 March 2010 for AED 1,382,752, last on 20 December 2012 for AED 1,382,752 (AED 1,876 per sqft).
  • Rented since February 2013 on 9 Ejari contracts. The rent fell from AED 70,000 to AED 45,000 in 2020 and recovered to AED 70,000 by December 2022.
  • At AED 70,000 a year the gross yield on the 2012 price is 5.1%, 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 1 December 2022.

Questions about 3809, Elite Residence

What did unit 3809 last sell for?

AED 1,382,752 on 20 December 2012: AED 1,876 per sqft for 737 sqft. The unit has 2 registered sales; the first was AED 1,382,752 in March 2010.

What is the rent for unit 3809?

AED 70,000 a year on the contract renewed on 1 December 2022. The previous contract, from December 2021, was AED 62,000; the unit has been rented since February 2013.

How big is unit 3809?

737 sqft (68.5 sqm): a one-bedroom apartment on the 38th floor of a 83-storey tower completed in 2012.

What is unit 3809 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 3809, Elite Residence

Starts from the last sale price (AED 1.38M, 20 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,382,752
Deposit, UAE resident (20%)
AED 276,550
Deposit, non-resident (40%)
AED 553,101
Monthly over 25 years at 3.7%
AED 5,657

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