4-bed · 3,211 sqftElite Residence, Dubai Marina · 67th floor · completed 2012

6702, Elite Residence

Sold prices and rental history: sold 4 times, last in July 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 6702 · DLD and Ejari recordsUpdated 20 July 2023
Last soldAED 3.9M20 July 2023
Current rentAED 264K /yr31 March 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 6702, Elite Residence

What is 6702 worth today?

Last sold for AED 3,900,000 in 2023

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20 Jul 2023SoldReady
AED 3,900,000AED 1,214 per sqft
31 Mar 2021RentedRenewal
AED 263,651/yr4 months · AED 82 per sqft
31 Mar 2020RentedRenewal
AED 265,000/yr12 months · AED 83 per sqft
31 Mar 2019RentedRenewal
AED 265,000/yr12 months · AED 83 per sqft
31 Mar 2018RentedRenewal
AED 300,000/yr12 months · AED 94 per sqft
31 Mar 2017RentedRenewal
AED 300,000/yr12 months · AED 94 per sqft
29 Jan 2013SoldReady
AED 4,766,545AED 1,484 per sqft
5 Dec 2012SoldReady
AED 5,146,704AED 1,602 per sqft

Source: Dubai Land Department. Updated 20 July 2023.

Key facts

Type
4-bed apartment
Size
3,211 sqft
Floor
67th of 83
Parking
B3-98,B3-100,B1-26
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 42,100 /yr
Last sold
AED 3.9M · July 2023

About 6702, Elite Residence

6702 is a four-bedroom apartment of 3,211 sqft on the 67th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 20 July 2023 for AED 3,900,000, or AED 1,214 per sqft, 14% below the AED 1,405 four-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 31 March 2021, is AED 263,651 a year: a gross yield of 6.8% on the 2023 price, before the service charge of about AED 42,100 a year.

Sales and rents for 6702 over time

Sales
Unit 6702, each saleTypical four-bed in Elite Residence
5M2009201420192024Typical sale price by year: 2009 AED 7,508,006; 2010 AED 6,334,496; 2012 AED 4,896,891; 2013 AED 4,766,545; 2014 AED 6,053,984; 2015 AED 2,025,000; 2021 AED 3,185,000; 2022 AED 8,750,000; 2023 AED 3,900,000; 2024 AED 4,023,929; 2025 AED 3,750,000Sold by developer, June 2012: AED 5,146,704 (AED 1,602 per sqft)Sold, December 2012: AED 5,146,704 (AED 1,602 per sqft)Sold, January 2013: AED 4,766,545 (AED 1,484 per sqft)Sold, July 2023: AED 3,900,000 (AED 1,214 per sqft)

6702 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 6702, each contractTypical four-bed in Elite Residence
200K300K2013201720212025Typical rent by year: 2013 AED 230,000; 2014 AED 245,000; 2015 AED 255,000; 2016 AED 270,000; 2017 AED 225,000; 2018 AED 213,850; 2019 AED 200,000; 2020 AED 185,000; 2021 AED 190,000; 2022 AED 192,500; 2023 AED 205,700; 2024 AED 247,000; 2025 AED 280,000; 2026 AED 300,000Renewal, March 2017: AED 300,000 a yearRenewal, March 2018: AED 300,000 a yearRenewal, March 2019: AED 265,000 a yearRenewal, March 2020: AED 265,000 a yearRenewal, March 2021: AED 263,651 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Elite Residence, and where 6702 sits

All 50 4-beds →

6702 last sold in July 2023 at AED 1,214 per sqft, 14% below what four-beds in Elite Residence were fetching at the time (AED 1,405). Over the last 12 months four-beds sold for AED 3,600,000 to 3,875,000, around AED 1,150 per sqft, and rent for AED 92,000 to 950,000 a year. 6702's AED 263,651 is in the lower half of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
12 Mar 20263,875,000
18 Dec 20253,600,000
18 Dec 20253,600,000
28 Nov 20253,700,000
4 4-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 67th floor

All 697 units in Elite Residence
Value
67014-bedAED 4M · Feb 2024
67034-bedAED 2.03M · Jun 2015
67044-bedAED 3.42M · Feb 2013

6702, Elite Residence in numbers

  • Sold 4 times: first on 11 June 2012 for AED 5,146,704, last on 20 July 2023 for AED 3,900,000 (AED 1,214 per sqft).
  • Rented since March 2017 on 5 Ejari contracts, from AED 300,000 to AED 263,651 a year.
  • At AED 263,651 a year the gross yield on the 2023 price is 6.8%, before a service charge of about AED 42,100 a year (AED 13.10 per sqft).
  • Four-beds in Elite Residence sold for AED 3,600,000–3,875,000 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 July 2023.

Questions about 6702, Elite Residence

What did unit 6702 last sell for?

AED 3,900,000 on 20 July 2023: AED 1,214 per sqft for 3,211 sqft. The unit has 4 registered sales; the first was AED 5,146,704 in June 2012.

What is the rent for unit 6702?

AED 263,651 a year on the contract renewed on 31 March 2021. The previous contract, from March 2020, was AED 265,000; the unit has been rented since March 2017.

How big is unit 6702?

3,211 sqft (298.3 sqm): a four-bedroom apartment on the 67th floor of a 83-storey tower completed in 2012.

What is unit 6702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Elite Residence sold for AED 3,600,000 to 3,875,000 in the last 12 months, around AED 1,150 per sqft.

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Mortgage on 6702, Elite Residence

Starts from the last sale price (AED 3.9M, 20 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,900,000
Deposit, UAE resident (20%)
AED 780,000
Deposit, non-resident (40%)
AED 1,560,000
Monthly over 25 years at 3.7%
AED 15,956

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