4-bed · 3,212 sqftElite Residence, Dubai Marina · 69th floor · completed 2012

6901, Elite Residence

Sold prices and rental history: sold 3 times, last in September 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 6901 · DLD and Ejari recordsUpdated 30 September 2021
Last soldAED 3.2M30 September 2021
Current rentAED 145K /yr20 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 6901, Elite Residence

What is 6901 worth today?

Last sold for AED 3,200,000 in 2021

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30 Sep 2021SoldReady
AED 3,200,000AED 996 per sqft
20 Sep 2020RentedRenewal
AED 145,000/yr18 months · AED 45 per sqft
20 Sep 2018RentedRenewal
AED 220,000/yr12 months · AED 68 per sqft
20 Sep 2016RentedRenewal
AED 270,000/yr12 months · AED 84 per sqft
20 Sep 2015RentedNew contract
AED 270,000/yr12 months · AED 84 per sqft
30 Jul 2014RentedRenewal
AED 250,000/yr12 months · AED 78 per sqft
30 Jul 2013RentedNew contract
AED 250,000/yr12 months · AED 78 per sqft
23 Oct 2012SoldReady
AED 6,565,853AED 2,044 per sqft

Source: Dubai Land Department. Updated 30 September 2021.

Key facts

Type
4-bed apartment
Size
3,212 sqft
Floor
69th of 83
Parking
B1-31
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 42,100 /yr
Last sold
AED 3.2M · September 2021

About 6901, Elite Residence

6901 is a four-bedroom apartment of 3,212 sqft on the 69th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 30 September 2021 for AED 3,200,000, or AED 996 per sqft, in line with the AED 987 four-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 20 September 2020, is AED 145,000 a year: a gross yield of 4.5% on the 2021 price, before the service charge of about AED 42,100 a year.

Sales and rents for 6901 over time

Sales
Unit 6901, 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, April 2010: AED 6,565,853 (AED 2,044 per sqft)Sold, October 2012: AED 6,565,853 (AED 2,044 per sqft)Sold, September 2021: AED 3,200,000 (AED 996 per sqft)

6901 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 6901, 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 300,000New contract, July 2013: AED 250,000 a yearRenewal, July 2014: AED 250,000 a yearNew contract, September 2015: AED 270,000 a yearRenewal, September 2016: AED 270,000 a yearRenewal, September 2018: AED 220,000 a yearRenewal, September 2020: AED 145,000 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 6901 sits

All 50 4-beds →

6901 last sold in September 2021 at AED 996 per sqft, in line with what four-beds in Elite Residence were fetching at the time (AED 987). 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. 6901's AED 145,000 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 69th floor

All 697 units in Elite Residence
Value
69024-bedAED 3.2M · Sep 2021
69034-bedAED 4.02M · Mar 2024
69044-bedAED 4.02M · Mar 2024

6901, Elite Residence in numbers

  • Sold 3 times: first on 21 April 2010 for AED 6,565,853, last on 30 September 2021 for AED 3,200,000 (AED 996 per sqft).
  • Rented since July 2013 on 6 Ejari contracts, from AED 250,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2021 price is 4.5%, 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 30 September 2021.

Questions about 6901, Elite Residence

What did unit 6901 last sell for?

AED 3,200,000 on 30 September 2021: AED 996 per sqft for 3,212 sqft. The unit has 3 registered sales; the first was AED 6,565,853 in April 2010.

What is the rent for unit 6901?

AED 145,000 a year on the contract renewed on 20 September 2020. The previous contract, from September 2018, was AED 220,000; the unit has been rented since July 2013.

How big is unit 6901?

3,212 sqft (298.4 sqm): a four-bedroom apartment on the 69th floor of a 83-storey tower completed in 2012.

What is unit 6901 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 6901, Elite Residence

Starts from the last sale price (AED 3.2M, 30 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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