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3-bed · 3,177 sqftElite Residence, Dubai Marina · 74th floor · completed 2012

7403, Elite Residence

Sold prices and rental history: sold 3 times, last in May 2013, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7403 · DLD and Ejari recordsUpdated 10 July 2022
Last soldAED 3.6M22 May 2013
Current rentAED 180K /yr10 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7403, Elite Residence

What is 7403 worth today?

Last sold for AED 3,600,000 in 2013

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10 Jul 2022RentedNew contract
AED 180,000/yr24 months · AED 57 per sqft
5 Jun 2019RentedNew contract
AED 90,000/yr12 months · AED 28 per sqft
22 May 2013SoldReady
AED 3,600,000AED 1,133 per sqft
5 Dec 2012SoldReady
AED 4,011,123AED 1,262 per sqft
11 Jun 2012Sold by developerOff-plan
AED 4,011,123AED 1,262 per sqft

Source: Dubai Land Department. Updated 10 July 2022.

Key facts

Type
3-bed apartment
Size
3,177 sqft
Floor
74th of 83
Parking
B1-49,B1-50,B1-90
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 41,600 /yr
Last sold
AED 3.6M · May 2013
Building
Elite Residence

About 7403, Elite Residence

7403 is a three-bedroom apartment of 3,177 sqft on the 74th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 22 May 2013 for AED 3,600,000, or AED 1,133 per sqft, 19% below the AED 1,392 three-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 10 July 2022, is AED 180,000 a year: a gross yield of 5.0% on the 2013 price, before the service charge of about AED 41,600 a year.

Sales and rents for 7403 over time

Sales
Unit 7403, each saleTypical three-bed in Elite Residence
4M6M2009201320172021Typical sale price by year: 2009 AED 6,985,211; 2012 AED 4,200,000; 2013 AED 3,750,000; 2017 AED 6,000,000; 2021 AED 3,600,000Sold by developer, June 2012: AED 4,011,123 (AED 1,262 per sqft)Sold, December 2012: AED 4,011,123 (AED 1,262 per sqft)Sold, May 2013: AED 3,600,000 (AED 1,133 per sqft)

7403 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7403, each contractTypical three-bed in Elite Residence
100K200K2013201720212025Typical rent by year: 2013 AED 240,000; 2014 AED 245,000; 2015 AED 242,500; 2016 AED 245,000; 2017 AED 240,000; 2018 AED 230,310; 2019 AED 167,500; 2020 AED 210,000; 2021 AED 192,500; 2022 AED 200,000; 2023 AED 205,000; 2024 AED 237,500; 2025 AED 225,000; 2026 AED 215,000New contract, June 2019: AED 90,000 a yearNew contract, July 2022: AED 180,000 a year

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 7403 sits

All 22 3-beds →

7403 last sold in May 2013 at AED 1,133 per sqft, 19% below what three-beds in Elite Residence were fetching at the time (AED 1,392). 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. 7403's AED 180,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
16 Oct 20264,779,471
27 Mar 20254,300,000
22 Feb 20242,800,000
23 Nov 202313,800,000
1 3-bed sale 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 74th floor

All 697 units in Elite Residence
Value
74013-bedAED 4.3M · Mar 2025
74023-bedAED 5.55M · Dec 2012
74043-bedAED 3.55M · Feb 2013

7403, Elite Residence in numbers

  • Sold 3 times: first on 11 June 2012 for AED 4,011,123, last on 22 May 2013 for AED 3,600,000 (AED 1,133 per sqft).
  • Rented since June 2019 on 2 Ejari contracts, from AED 90,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2013 price is 5.0%, 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 10 July 2022.

Questions about 7403, Elite Residence

What did unit 7403 last sell for?

AED 3,600,000 on 22 May 2013: AED 1,133 per sqft for 3,177 sqft. The unit has 3 registered sales; the first was AED 4,011,123 in June 2012.

What is the rent for unit 7403?

AED 180,000 a year on the contract signed on 10 July 2022. The previous contract, from June 2019, was AED 90,000.

How big is unit 7403?

3,177 sqft (295.2 sqm): a three-bedroom apartment on the 74th floor of a 83-storey tower completed in 2012.

What is unit 7403 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 7403, Elite Residence

Starts from the last sale price (AED 3.6M, 22 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,600,000
Deposit, UAE resident (20%)
AED 720,000
Deposit, non-resident (40%)
AED 1,440,000
Monthly over 25 years at 3.7%
AED 14,729

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