1-bed · 960 sqftElite Residence, Dubai Marina · 38th floor · completed 2012

3812, Elite Residence

Sold prices and rental history: sold twice, last in February 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3812 · DLD and Ejari recordsUpdated 20 October 2023
Last soldAED 1.56M19 February 2013
Current rentAED 95K /yr20 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3812, Elite Residence

What is 3812 worth today?

Last sold for AED 1,558,128 in 2013

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20 Oct 2023RentedNew contract
AED 95,000/yr12 months · AED 99 per sqft
13 Sep 2018RentedNew contract
AED 78,000/yr12 months · AED 81 per sqft
11 Jun 2017RentedNew contract
AED 90,000/yr12 months · AED 94 per sqft
3 Feb 2015RentedNew contract
AED 95,000/yr12 months · AED 99 per sqft
3 Feb 2014RentedNew contract
AED 95,000/yr12 months · AED 99 per sqft
19 Feb 2013SoldReady
AED 1,558,128AED 1,623 per sqft
21 Mar 2010Sold by developerOff-plan · flagged as an outlier
AED 155,812,839AED 162,389 per sqft

Source: Dubai Land Department. Updated 20 October 2023.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
38th of 83
Parking
P2-64
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 1.56M · February 2013

About 3812, Elite Residence

3812 is a one-bedroom apartment of 960 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 19 February 2013 for AED 1,558,128, or AED 1,623 per sqft, 19% above the AED 1,369 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 20 October 2023, is AED 95,000 a year: a gross yield of 6.1% on the 2013 price, before the service charge of about AED 12,600 a year.

Sales and rents for 3812 over time

Sales
Unit 3812, 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, February 2013: AED 1,558,128 (AED 1,623 per sqft)

3812 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3812, 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, February 2014: AED 95,000 a yearNew contract, February 2015: AED 95,000 a yearNew contract, June 2017: AED 90,000 a yearNew contract, September 2018: AED 78,000 a yearNew contract, October 2023: AED 95,000 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 3812 sits

All 416 1-beds →

3812 last sold in February 2013 at AED 1,623 per sqft, 19% above what one-beds in Elite Residence were fetching at the time (AED 1,369). 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. 3812's AED 95,000 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

3812, Elite Residence in numbers

  • Sold twice: first on 21 March 2010 for AED 155,812,839, last on 19 February 2013 for AED 1,558,128 (AED 1,623 per sqft).
  • Rented since February 2014 on 5 Ejari contracts. The rent fell from AED 95,000 to AED 78,000 in 2018 and recovered to AED 95,000 by October 2023.
  • At AED 95,000 a year the gross yield on the 2013 price is 6.1%, 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 20 October 2023.

Questions about 3812, Elite Residence

What did unit 3812 last sell for?

AED 1,558,128 on 19 February 2013: AED 1,623 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 155,812,839 in March 2010.

What is the rent for unit 3812?

AED 95,000 a year on the contract signed on 20 October 2023. The previous contract, from September 2018, was AED 78,000; the unit has been rented since February 2014.

How big is unit 3812?

960 sqft (89.2 sqm): a one-bedroom apartment on the 38th floor of a 83-storey tower completed in 2012.

What is unit 3812 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 3812, Elite Residence

Starts from the last sale price (AED 1.56M, 19 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,558,128
Deposit, UAE resident (20%)
AED 311,626
Deposit, non-resident (40%)
AED 623,251
Monthly over 25 years at 3.7%
AED 6,375

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