7002, Elite Residence
Sold prices and rental history: sold 3 times, last in August 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 7002, Elite Residence
What is 7002 worth today?
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Source: Dubai Land Department. Updated 10 October 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 3,211 sqft
- Floor
- 70th of 83
- Parking
- B1-51
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 42,100 /yr
- Last sold
- AED 3.17M · August 2021
- Building
- Elite Residence
About 7002, Elite Residence
7002 is a four-bedroom apartment of 3,211 sqft on the 70th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 31 August 2021 for AED 3,170,000, or AED 987 per sqft, in line with the AED 960 four-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 10 October 2023, is AED 350,000 a year: a gross yield of 11.0% on the 2021 price, before the service charge of about AED 42,100 a year.
Sales and rents for 7002 over time
7002 has sold twice; the dashed line is the four-bed median of each year in the building.
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 7002 sits
All 50 4-beds →7002 last sold in August 2021 at AED 987 per sqft, in line with what four-beds in Elite Residence were fetching at the time (AED 960). 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. 7002's AED 350,000 is in the lower half of that range.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Mar 202612 March 2026 | 3,173 sqft | 3,875,000 | 1,221 | ||
| 18 Dec 202518 December 2025 | 3,173 sqft | 3,600,000 | 1,134 | ||
| 18 Dec 202518 December 2025 | 3,173 sqft | 3,600,000 | 1,134 | ||
| 28 Nov 202528 November 2025 | 3,173 sqft | 3,700,000 | 1,166 |
Elite Residence
Building697 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%
Other units on the 70th floor
All 697 units in Elite Residence7002, Elite Residence in numbers
- Sold 3 times: first on 21 April 2010 for AED 659,741,940, last on 31 August 2021 for AED 3,170,000 (AED 987 per sqft).
- Rented since October 2013 on 6 Ejari contracts. The rent fell from AED 280,002 to AED 202,500 in 2018 and recovered to AED 350,000 by October 2023.
- At AED 350,000 a year the gross yield on the 2021 price is 11.0%, 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 10 October 2023.
Questions about 7002, Elite Residence
What did unit 7002 last sell for?
AED 3,170,000 on 31 August 2021: AED 987 per sqft for 3,211 sqft. The unit has 3 registered sales; the first was AED 659,741,940 in April 2010.
What is the rent for unit 7002?
AED 350,000 a year on the contract signed on 10 October 2023. The previous contract, from October 2018, was AED 202,500; the unit has been rented since October 2013.
How big is unit 7002?
3,211 sqft (298.3 sqm): a four-bedroom apartment on the 70th floor of a 83-storey tower completed in 2012.
What is unit 7002 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 7002, Elite Residence
Starts from the last sale price (AED 3.17M, 31 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 3,170,000
- Deposit, UAE resident (20%)
- AED 634,000
- Deposit, non-resident (40%)
- AED 1,268,000
- Monthly over 25 years at 3.7%
- AED 12,969
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →