711, Elite Residence
Sold prices and rental history: sold 5 times, last in November 2016, 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 711, Elite Residence
What is 711 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 5 April 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 7th of 83
- Parking
- P4-42
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.53M · November 2016
- Building
- Elite Residence
About 711, Elite Residence
711 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 2 November 2016 for AED 1,530,000, or AED 1,150 per sqft, 15% below 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, signed on 5 April 2022, is AED 100,000 a year: a gross yield of 6.5% on the 2016 price, before the service charge of about AED 17,400 a year.
Sales and rents for 711 over time
711 has sold 5 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 711 sits
All 208 2-beds →711 last sold in November 2016 at AED 1,150 per sqft, 15% below 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. 711's AED 100,000 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 | |
| 705 | 2-bed | 1,329 sqft | AED 2MAED 2,000,000 · Feb 2017February 2017 | 109,392 /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 | |
| 712 | 1-bed | 960 sqft | AED 1MAED 1,000,000 · May 2018May 2018 | 85,000 /yr |
711, Elite Residence in numbers
- Sold 5 times: first on 11 June 2012 for AED 1,151,380, last on 2 November 2016 for AED 1,530,000 (AED 1,150 per sqft).
- Rented since September 2013 on 4 Ejari contracts, at AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2016 price is 6.5%, 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 5 April 2022.
Questions about 711, Elite Residence
What did unit 711 last sell for?
AED 1,530,000 on 2 November 2016: AED 1,150 per sqft for 1,329 sqft. The unit has 5 registered sales; the first was AED 1,151,380 in June 2012.
What is the rent for unit 711?
AED 100,000 a year on the contract signed on 5 April 2022. The previous contract, from January 2016, was AED 120,000; the unit has been rented since September 2013.
How big is unit 711?
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 711 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.
Selling 711? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 711, Elite Residence
Starts from the last sale price (AED 1.53M, 2 November 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,530,000
- Deposit, UAE resident (20%)
- AED 306,000
- Deposit, non-resident (40%)
- AED 612,000
- Monthly over 25 years at 3.7%
- AED 6,260
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →