4-bed · 6,246 sqftElite Residence, Dubai Marina · 77th floor · completed 2012

7702, Elite Residence

Sold prices and rental history: sold 4 times, last in August 2023, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7702 · DLD and Ejari recordsUpdated 31 August 2023
Last soldAED 9.5M31 August 2023
Current rentAED 280K /yr14 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7702, Elite Residence

What is 7702 worth today?

Last sold for AED 9,500,000 in 2023

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31 Aug 2023SoldReady
AED 9,500,000AED 1,520 per sqft
14 Nov 2022RentedRenewal
AED 280,000/yr4 months · AED 45 per sqft
31 Mar 2022RentedRenewal
AED 256,991/yr7 months · AED 41 per sqft
31 Mar 2021RentedNew contract
AED 250,000/yr12 months · AED 40 per sqft
31 Mar 2020RentedNew contract
AED 250,000/yr12 months · AED 40 per sqft
10 Dec 2018RentedRenewal
AED 460,000/yr12 months · AED 74 per sqft
10 Dec 2016RentedNew contract
AED 470,000/yr24 months · AED 75 per sqft
8 Dec 2013SoldReady
AED 10,600,000AED 1,697 per sqft

Source: Dubai Land Department. Updated 31 August 2023.

Key facts

Type
4-bed apartment
Size
6,246 sqft
Floor
77th of 83
Parking
B1-86,B1-87,B1-88
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 81,800 /yr
Last sold
AED 9.5M · August 2023

About 7702, Elite Residence

7702 is a four-bedroom apartment of 6,246 sqft on the 77th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 31 August 2023 for AED 9,500,000, or AED 1,520 per sqft, 14% above the AED 1,338 four-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 14 November 2022, is AED 280,000 a year: a gross yield of 2.9% on the 2023 price, before the service charge of about AED 81,800 a year.

Sales and rents for 7702 over time

Sales
Unit 7702, each saleTypical four-bed in Elite Residence
5M10M2009201420192024Typical sale price by year: 2009 AED 7,508,006; 2010 AED 6,334,496; 2012 AED 4,896,891; 2013 AED 4,766,545; 2014 AED 6,053,984; 2015 AED 2,025,000; 2021 AED 3,185,000; 2022 AED 8,750,000; 2023 AED 3,900,000; 2024 AED 4,023,929; 2025 AED 3,750,000Sold by developer, July 2009: AED 12,668,331 (AED 2,028 per sqft)Sold, October 2013: AED 12,668,331 (AED 2,028 per sqft)Sold, December 2013: AED 10,600,000 (AED 1,697 per sqft)Sold, August 2023: AED 9,500,000 (AED 1,520 per sqft)

7702 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7702, each contractTypical four-bed in Elite Residence
200K400K2013201720212025Typical rent by year: 2013 AED 230,000; 2014 AED 245,000; 2015 AED 255,000; 2016 AED 270,000; 2017 AED 225,000; 2018 AED 213,850; 2019 AED 200,000; 2020 AED 185,000; 2021 AED 190,000; 2022 AED 192,500; 2023 AED 205,700; 2024 AED 247,000; 2025 AED 280,000; 2026 AED 300,000New contract, December 2016: AED 470,000 a yearRenewal, December 2018: AED 460,000 a yearNew contract, March 2020: AED 250,000 a yearNew contract, March 2021: AED 250,000 a yearRenewal, March 2022: AED 256,991 a yearRenewal, November 2022: AED 280,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Elite Residence, and where 7702 sits

All 50 4-beds →

7702 last sold in August 2023 at AED 1,520 per sqft, 14% above what four-beds in Elite Residence were fetching at the time (AED 1,338). Over the last 12 months four-beds sold for AED 3,600,000 to 3,875,000, around AED 1,150 per sqft, and rent for AED 92,000 to 950,000 a year. 7702's AED 280,000 is in the lower half of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
12 Mar 20263,875,000
18 Dec 20253,600,000
18 Dec 20253,600,000
28 Nov 20253,700,000
4 4-bed sales 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 77th floor

All 697 units in Elite Residence
Value
77014-bedAED 11.5M · Aug 2022

7702, Elite Residence in numbers

  • Sold 4 times: first on 3 July 2009 for AED 12,668,331, last on 31 August 2023 for AED 9,500,000 (AED 1,520 per sqft).
  • Rented since December 2016 on 6 Ejari contracts. The rent fell from AED 470,000 to AED 250,000 in 2021 and recovered to AED 280,000 by November 2022.
  • At AED 280,000 a year the gross yield on the 2023 price is 2.9%, before a service charge of about AED 81,800 a year (AED 13.10 per sqft).
  • Four-beds in Elite Residence sold for AED 3,600,000–3,875,000 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 31 August 2023.

Questions about 7702, Elite Residence

What did unit 7702 last sell for?

AED 9,500,000 on 31 August 2023: AED 1,520 per sqft for 6,246 sqft. The unit has 4 registered sales; the first was AED 12,668,331 in July 2009.

What is the rent for unit 7702?

AED 280,000 a year on the contract renewed on 14 November 2022. The previous contract, from March 2022, was AED 256,991; the unit has been rented since December 2016.

How big is unit 7702?

6,246 sqft (580.3 sqm): a four-bedroom apartment on the 77th floor of a 83-storey tower completed in 2012.

What is unit 7702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Elite Residence sold for AED 3,600,000 to 3,875,000 in the last 12 months, around AED 1,150 per sqft.

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Mortgage on 7702, Elite Residence

Starts from the last sale price (AED 9.5M, 31 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 9,500,000
Deposit, UAE resident (20%)
AED 1,900,000
Deposit, non-resident (40%)
AED 3,800,000
Monthly over 25 years at 3.7%
AED 38,867

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