7504, Elite Residence
Sold prices and rental history: sold 4 times, last in October 2021, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 7504, Elite Residence
What is 7504 worth today?
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Source: Dubai Land Department. Updated 18 October 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 3,177 sqft
- Floor
- 75th of 83
- Parking
- B1-92,B1-93,P1-24
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 41,600 /yr
- Last sold
- AED 2.3M · October 2021
- Building
- Elite Residence
About 7504, Elite Residence
7504 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 18 October 2021 for AED 2,300,000, or AED 723 per sqft, in line with the AED 723 three-beds in the building were fetching at the time.
It has been rented since 2016 on 2 Ejari contracts. The current contract, signed on 3 March 2018, is AED 186,000 a year: a gross yield of 8.1% on the 2021 price, before the service charge of about AED 41,600 a year.
Sales and rents for 7504 over time
7504 has sold 4 times; 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 7504 sits
All 22 3-beds →7504 last sold in October 2021 at AED 723 per sqft, in line with what three-beds in Elite Residence were fetching at the time (AED 723). 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. 7504's AED 186,000 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 75th floor
All 697 units in Elite Residence7504, Elite Residence in numbers
- Sold 4 times: first on 11 June 2012 for AED 4,025,707, last on 18 October 2021 for AED 2,300,000 (AED 723 per sqft).
- Rented since May 2016 on 2 Ejari contracts, from AED 230,000 to AED 186,000 a year.
- At AED 186,000 a year the gross yield on the 2021 price is 8.1%, 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 18 October 2021.
Questions about 7504, Elite Residence
What did unit 7504 last sell for?
AED 2,300,000 on 18 October 2021: AED 723 per sqft for 3,177 sqft. The unit has 4 registered sales; the first was AED 4,025,707 in June 2012.
What is the rent for unit 7504?
AED 186,000 a year on the contract signed on 3 March 2018. The previous contract, from May 2016, was AED 230,000.
How big is unit 7504?
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 7504 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 7504, Elite Residence
Starts from the last sale price (AED 2.3M, 18 October 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,300,000
- Deposit, UAE resident (20%)
- AED 460,000
- Deposit, non-resident (40%)
- AED 920,000
- Monthly over 25 years at 3.7%
- AED 9,410
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →