705, Elite Residence
Sold prices and rental history: sold 4 times, last in February 2017, 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 705, Elite Residence
What is 705 worth today?
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Source: Dubai Land Department. Updated 16 September 2018.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 7th of 83
- Parking
- B4-75
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 2M · February 2017
- Building
- Elite Residence
About 705, Elite Residence
705 is a two-bedroom apartment of 1,329 sqft on the 7th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 27 February 2017 for AED 2,000,000, or AED 1,505 per sqft, 11% above the AED 1,352 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 16 September 2018, is AED 109,392 a year: a gross yield of 5.5% on the 2017 price, before the service charge of about AED 17,400 a year.
Sales and rents for 705 over time
705 has sold 4 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Elite Residence, and where 705 sits
All 208 2-beds →705 last sold in February 2017 at AED 1,505 per sqft, 11% above what two-beds in Elite Residence were fetching at the time (AED 1,352). Over the last 12 months two-beds sold for AED 1,800,000 to 2,270,000, around AED 1,417 per sqft, and rent for AED 85,000 to 225,000 a year. 705's AED 109,392 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 1,329 sqft | 2,000,000 | 1,504 | ||
| 2 Sep 20262 September 2026 | 1,330 sqft | 2,270,000 | 1,706 | ||
| 8 Jul 20268 July 2026 | 1,330 sqft | 2,060,000 | 1,548 | ||
| 7 Jul 20267 July 2026 | 1,329 sqft | 1,810,000 | 1,362 |
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 7th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 960 sqft | AED 1.25MAED 1,249,160 · Dec 2012December 2012 | 92,500 /yr | |
| 702 | 2-bed | 1,329 sqft | AED 1.65MAED 1,650,000 · Feb 2025February 2025 | 131,250 /yr | |
| 703 | 1-bed | 801 sqft | AED 1.21MAED 1,210,000 · Nov 2022November 2022 | 70,000 /yr | |
| 704 | 1-bed | 802 sqft | AED 1.45MAED 1,450,000 · Jul 2013July 2013 | 85,000 /yr | |
| 706 | 1-bed | 960 sqft | AED 656KAED 655,809 · May 2013May 2013 | 70,000 /yr | |
| 707 | 1-bed | 960 sqft | AED 750KAED 750,000 · Mar 2020March 2020 | 75,000 /yr | |
| 708 | 2-bed | 1,329 sqft | AED 1.02MAED 1,020,000 · Jul 2021July 2021 | 100,000 /yr | |
| 709 | 1-bed | 737 sqft | AED 554KAED 554,280 · Dec 2012December 2012 | 80,000 /yr | |
| 710 | 1-bed | 737 sqft | AED 1.28MAED 1,277,000 · Apr 2026April 2026 | 75,000 /yr | |
| 711 | 2-bed | 1,329 sqft | AED 1.53MAED 1,530,000 · Nov 2016November 2016 | 100,000 /yr | |
| 712 | 1-bed | 960 sqft | AED 1MAED 1,000,000 · May 2018May 2018 | 85,000 /yr |
705, Elite Residence in numbers
- Sold 4 times: first on 5 December 2011 for AED 1,300,000, last on 27 February 2017 for AED 2,000,000 (AED 1,505 per sqft).
- Rented since July 2013 on 4 Ejari contracts, from AED 115,000 to AED 109,392 a year.
- At AED 109,392 a year the gross yield on the 2017 price is 5.5%, before a service charge of about AED 17,400 a year (AED 13.10 per sqft).
- Two-beds in Elite Residence sold for AED 1,800,000–2,270,000 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 16 September 2018.
Questions about 705, Elite Residence
What did unit 705 last sell for?
AED 2,000,000 on 27 February 2017: AED 1,505 per sqft for 1,329 sqft. The unit has 4 registered sales; the first was AED 1,300,000 in December 2011.
What is the rent for unit 705?
AED 109,392 a year on the contract renewed on 16 September 2018. The previous contract, from September 2017, was AED 120,000; the unit has been rented since July 2013.
How big is unit 705?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 7th floor of a 83-storey tower completed in 2012.
What is unit 705 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Residence sold for AED 1,800,000 to 2,270,000 in the last 12 months, around AED 1,417 per sqft.
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Mortgage on 705, Elite Residence
Starts from the last sale price (AED 2M, 27 February 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →