7203, Elite Residence
Sold prices and rental history: sold twice, last in December 2012, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 7203, Elite Residence
What is 7203 worth today?
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Source: Dubai Land Department. Updated 1 November 2019.
Key facts
- Type
- 3-bed apartment
- Size
- 3,177 sqft
- Floor
- 72nd of 83
- Parking
- P1-84,P1-85
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 41,600 /yr
- Last sold
- AED 8.39M · December 2012
- Building
- Elite Residence
About 7203, Elite Residence
7203 is a three-bedroom apartment of 3,177 sqft on the 72nd floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 25 December 2012 for AED 8,385,800, or AED 2,639 per sqft, 103% above the AED 1,301 three-beds in the building were fetching at the time.
It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 1 November 2019, is AED 90,000 a year: a gross yield of 1.1% on the 2012 price, before the service charge of about AED 41,600 a year.
Sales and rents for 7203 over time
7203 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Elite Residence, and where 7203 sits
All 22 3-beds →7203 last sold in December 2012 at AED 2,639 per sqft, 103% above what three-beds in Elite Residence were fetching at the time (AED 1,301). Over the last 12 months three-beds sold for AED 4,779,471, around AED 1,480 per sqft, and rent for AED 79,778 to 475,000 a year. 7203's AED 90,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 16 Oct 202616 October 2026 | 3,228 sqft | 4,779,471 | 1,480 | ||
| 27 Mar 202527 March 2025 | 3,228 sqft | 4,300,000 | 1,332 | ||
| 22 Feb 202422 February 2024 | 3,228 sqft | 2,800,000 | 867 | ||
| 23 Nov 202323 November 2023 | 6,127 sqft | 13,800,000 | 2,252 |
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 72nd floor
All 697 units in Elite Residence7203, Elite Residence in numbers
- Sold twice: first on 10 August 2009 for AED 8,385,800, last on 25 December 2012 for AED 8,385,800 (AED 2,639 per sqft).
- Rented since November 2017 on 2 Ejari contracts, from AED 200,000 to AED 90,000 a year.
- At AED 90,000 a year the gross yield on the 2012 price is 1.1%, before a service charge of about AED 41,600 a year (AED 13.10 per sqft).
- Three-beds in Elite Residence sold for AED 4,779,471–4,779,471 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 1 November 2019.
Questions about 7203, Elite Residence
What did unit 7203 last sell for?
AED 8,385,800 on 25 December 2012: AED 2,639 per sqft for 3,177 sqft. The unit has 2 registered sales; the first was AED 8,385,800 in August 2009.
What is the rent for unit 7203?
AED 90,000 a year on the contract signed on 1 November 2019. The previous contract, from November 2017, was AED 200,000.
How big is unit 7203?
3,177 sqft (295.2 sqm): a three-bedroom apartment on the 72nd floor of a 83-storey tower completed in 2012.
What is unit 7203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Elite Residence sold for AED 4,779,471 to 4,779,471 in the last 12 months, around AED 1,480 per sqft.
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Mortgage on 7203, Elite Residence
Starts from the last sale price (AED 8.39M, 25 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 8,385,800
- Deposit, UAE resident (20%)
- AED 1,677,160
- Deposit, non-resident (40%)
- AED 3,354,320
- Monthly over 25 years at 3.7%
- AED 34,309
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →