3-bed · 3,228 sqftElite Residence, Dubai Marina · 75th floor · completed 2012

7502, Elite Residence

Sold prices and rental history: sold 3 times, last in October 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7502 · DLD and Ejari recordsUpdated 29 October 2013
Last soldAED 5.53M29 October 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7502, Elite Residence

What is 7502 worth today?

Last sold for AED 5,530,000 in 2013

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29 Oct 2013SoldReady
AED 5,530,000AED 1,713 per sqft
5 Dec 2012SoldReady
AED 5,338,092AED 1,653 per sqft
11 Jun 2012Sold by developerOff-plan
AED 5,338,092AED 1,653 per sqft

Source: Dubai Land Department. Updated 29 October 2013.

Key facts

Type
3-bed apartment
Size
3,228 sqft
Floor
75th of 83
Parking
P1-37,P1-38,P1-08
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 42,300 /yr
Last sold
AED 5.53M · October 2013

About 7502, Elite Residence

7502 is a three-bedroom apartment of 3,228 sqft on the 75th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 29 October 2013 for AED 5,530,000, or AED 1,713 per sqft, 35% above the AED 1,267 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 7502 over time

Sales
Unit 7502, 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 5,338,092 (AED 1,653 per sqft)Sold, December 2012: AED 5,338,092 (AED 1,653 per sqft)Sold, October 2013: AED 5,530,000 (AED 1,713 per sqft)

7502 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7502, each contractTypical three-bed in Elite Residence
200K250K2013201720212025Typical 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 215,000

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 7502 sits

All 22 3-beds →

7502 last sold in October 2013 at AED 1,713 per sqft, 35% above what three-beds in Elite Residence were fetching at the time (AED 1,267). 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.

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 75th floor

All 697 units in Elite Residence
Value
75013-bedAED 4.2M · Oct 2012
75033-bedAED 4M · Jan 2014
75043-bedAED 2.3M · Oct 2021

7502, Elite Residence in numbers

  • Sold 3 times: first on 11 June 2012 for AED 5,338,092, last on 29 October 2013 for AED 5,530,000 (AED 1,713 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 29 October 2013.

Questions about 7502, Elite Residence

What did unit 7502 last sell for?

AED 5,530,000 on 29 October 2013: AED 1,713 per sqft for 3,228 sqft. The unit has 3 registered sales; the first was AED 5,338,092 in June 2012.

How big is unit 7502?

3,228 sqft (299.9 sqm): a three-bedroom apartment on the 75th floor of a 83-storey tower completed in 2012.

What is unit 7502 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 7502, Elite Residence

Starts from the last sale price (AED 5.53M, 29 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 5,530,000
Deposit, UAE resident (20%)
AED 1,106,000
Deposit, non-resident (40%)
AED 2,212,000
Monthly over 25 years at 3.7%
AED 22,625

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