3-bed · 3,177 sqftElite Residence, Dubai Marina · 75th floor · completed 2012

7503, Elite Residence

Sold prices and rental history: sold 3 times, last in January 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7503 · DLD and Ejari recordsUpdated 5 January 2014
Last soldAED 4M5 January 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7503, Elite Residence

What is 7503 worth today?

Last sold for AED 4,000,000 in 2014

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5 Jan 2014SoldReady
AED 4,000,000AED 1,258 per sqft
5 Dec 2012SoldReady
AED 4,025,707AED 1,267 per sqft
11 Jun 2012Sold by developerOff-plan
AED 4,025,707AED 1,267 per sqft

Source: Dubai Land Department. Updated 5 January 2014.

Key facts

Type
3-bed apartment
Size
3,177 sqft
Floor
75th of 83
Parking
P1-92,P1-93,P1-94
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 41,600 /yr
Last sold
AED 4M · January 2014

About 7503, Elite Residence

7503 is a three-bedroom apartment of 3,177 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 5 January 2014 for AED 4,000,000, or AED 1,258 per sqft, 6% above the AED 1,188 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 7503 over time

Sales
Unit 7503, 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 4,025,707 (AED 1,267 per sqft)Sold, December 2012: AED 4,025,707 (AED 1,267 per sqft)Sold, January 2014: AED 4,000,000 (AED 1,258 per sqft)

7503 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7503, 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 7503 sits

All 22 3-beds →

7503 last sold in January 2014 at AED 1,258 per sqft, 6% above what three-beds in Elite Residence were fetching at the time (AED 1,188). 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
75023-bedAED 5.53M · Oct 2013
75043-bedAED 2.3M · Oct 2021

7503, Elite Residence in numbers

  • Sold 3 times: first on 11 June 2012 for AED 4,025,707, last on 5 January 2014 for AED 4,000,000 (AED 1,258 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 5 January 2014.

Questions about 7503, Elite Residence

What did unit 7503 last sell for?

AED 4,000,000 on 5 January 2014: AED 1,258 per sqft for 3,177 sqft. The unit has 3 registered sales; the first was AED 4,025,707 in June 2012.

How big is unit 7503?

3,177 sqft (295.2 sqm): a three-bedroom apartment on the 75th floor of a 83-storey tower completed in 2012.

What is unit 7503 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 7503, Elite Residence

Starts from the last sale price (AED 4M, 5 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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