1-bed · 802 sqftElite Residence, Dubai Marina · 43rd floor · completed 2012

4304, Elite Residence

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

Unit 4304 · DLD and Ejari recordsUpdated 9 March 2019
Last soldAED 1.61M3 February 2013
Current rentAED 75K /yr9 March 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4304, Elite Residence

What is 4304 worth today?

Last sold for AED 1,614,477 in 2013

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9 Mar 2019RentedRenewal
AED 75,000/yr12 months · AED 93 per sqft
9 Mar 2017RentedNew contract
AED 110,000/yr12 months · AED 136 per sqft
1 Nov 2015RentedRenewal
AED 90,000/yr12 months · AED 111 per sqft
11 Oct 2014RentedRenewal
AED 80,458/yr13 months · AED 100 per sqft
3 Feb 2013SoldReady
AED 1,614,477AED 2,013 per sqft
1 Nov 2012RentedNew contract
AED 80,000/yr23 months · AED 99 per sqft
10 Aug 2009Sold by developerOff-plan
AED 1,614,477AED 2,013 per sqft

Source: Dubai Land Department. Updated 9 March 2019.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
43rd of 83
Parking
P2-18
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 1.61M · February 2013

About 4304, Elite Residence

4304 is a one-bedroom apartment of 802 sqft on the 43rd floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 3 February 2013 for AED 1,614,477, or AED 2,013 per sqft, 47% above the AED 1,368 one-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, renewed on 9 March 2019, is AED 75,000 a year: a gross yield of 4.7% on the 2013 price, before the service charge of about AED 10,500 a year.

Sales and rents for 4304 over time

Sales
Unit 4304, 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 1,614,477 (AED 2,013 per sqft)Sold, February 2013: AED 1,614,477 (AED 2,013 per sqft)

4304 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4304, 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 2012: AED 80,000 a yearRenewal, October 2014: AED 80,458 a yearRenewal, November 2015: AED 90,000 a yearNew contract, March 2017: AED 110,000 a yearRenewal, March 2019: AED 75,000 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 4304 sits

All 416 1-beds →

4304 last sold in February 2013 at AED 2,013 per sqft, 47% above what one-beds in Elite Residence were fetching at the time (AED 1,368). 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. 4304's AED 75,000 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 43rd floor

All 697 units in Elite Residence
Value
43011-bedAED 1.36M · Oct 2012
43022-bedAED 2.05M · May 2024
43031-bedAED 1.65M · Apr 2013
43052-bedAED 2.08M · May 2013
43061-bedAED 1.45M · Apr 2024
43071-bedAED 1.36M · Oct 2012
43082-bedAED 1.28M · Sep 2018
1–7 of 11

4304, Elite Residence in numbers

  • Sold twice: first on 10 August 2009 for AED 1,614,477, last on 3 February 2013 for AED 1,614,477 (AED 2,013 per sqft).
  • Rented since November 2012 on 5 Ejari contracts, from AED 80,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2013 price is 4.7%, before a service charge of about AED 10,500 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 9 March 2019.

Questions about 4304, Elite Residence

What did unit 4304 last sell for?

AED 1,614,477 on 3 February 2013: AED 2,013 per sqft for 802 sqft. The unit has 2 registered sales; the first was AED 1,614,477 in August 2009.

What is the rent for unit 4304?

AED 75,000 a year on the contract renewed on 9 March 2019. The previous contract, from March 2017, was AED 110,000; the unit has been rented since November 2012.

How big is unit 4304?

802 sqft (74.5 sqm): a one-bedroom apartment on the 43rd floor of a 83-storey tower completed in 2012.

What is unit 4304 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 4304, Elite Residence

Starts from the last sale price (AED 1.61M, 3 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,614,477
Deposit, UAE resident (20%)
AED 322,895
Deposit, non-resident (40%)
AED 645,791
Monthly over 25 years at 3.7%
AED 6,605

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