1-bed · 960 sqftElite Residence, Dubai Marina · 8th floor · completed 2012

812, Elite Residence

Sold prices and rental history: sold 3 times, last in April 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 812 · DLD and Ejari recordsUpdated 1 October 2021
Last soldAED 1.35M10 April 2014
Current rentAED 54K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 812, Elite Residence

What is 812 worth today?

Last sold for AED 1,350,000 in 2014

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1 Oct 2021RentedNew contract
AED 54,000/yr12 months · AED 56 per sqft
2 Sep 2020RentedRenewal
AED 49,000/yr12 months · AED 51 per sqft
2 Sep 2019RentedRenewal
AED 63,000/yr12 months · AED 66 per sqft
1 Sep 2018RentedRenewal
AED 70,000/yr12 months · AED 73 per sqft
1 Sep 2017RentedNew contract
AED 82,000/yr12 months · AED 86 per sqft
20 Jul 2016RentedRenewal
AED 85,000/yr12 months · AED 89 per sqft
20 May 2015RentedRenewal
AED 98,333/yr14 months · AED 103 per sqft
20 May 2014RentedNew contract
AED 75,000/yr12 months · AED 78 per sqft

Source: Dubai Land Department. Updated 1 October 2021.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
8th of 83
Parking
B4-13
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 1.35M · April 2014

About 812, Elite Residence

812 is a one-bedroom apartment of 960 sqft on the 8th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 10 April 2014 for AED 1,350,000, or AED 1,405 per sqft, in line with the AED 1,402 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 October 2021, is AED 54,000 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 12,600 a year.

Sales and rents for 812 over time

Sales
Unit 812, each saleTypical one-bed in Elite Residence
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,331,420; 2010 AED 1,311,618; 2011 AED 864,286; 2012 AED 1,236,138; 2013 AED 1,234,659; 2014 AED 1,440,000; 2015 AED 1,162,500; 2016 AED 1,252,011; 2017 AED 1,180,000; 2018 AED 1,070,000; 2019 AED 850,000; 2020 AED 750,000; 2021 AED 750,000; 2022 AED 980,000; 2023 AED 1,172,344; 2024 AED 1,285,000; 2025 AED 1,312,500; 2026 AED 1,240,000Sold by developer, August 2009: AED 1,380,642 (AED 1,437 per sqft)Sold, April 2013: AED 1,380,642 (AED 1,437 per sqft)Sold, April 2014: AED 1,350,000 (AED 1,405 per sqft)

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

Rents
Unit 812, each contractTypical one-bed in Elite Residence
50K75K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 80,000; 2014 AED 91,042; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 90,750; 2018 AED 80,000; 2019 AED 70,000; 2020 AED 57,000; 2021 AED 55,000; 2022 AED 66,000; 2023 AED 75,000; 2024 AED 85,000; 2025 AED 90,000; 2026 AED 82,000New contract, May 2014: AED 75,000 a yearRenewal, May 2015: AED 98,333 a yearRenewal, July 2016: AED 85,000 a yearNew contract, September 2017: AED 82,000 a yearRenewal, September 2018: AED 70,000 a yearRenewal, September 2019: AED 63,000 a yearRenewal, September 2020: AED 49,000 a yearNew contract, October 2021: AED 54,000 a year

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

1-beds in Elite Residence, and where 812 sits

All 416 1-beds →

812 last sold in April 2014 at AED 1,405 per sqft, in line with what one-beds in Elite Residence were fetching at the time (AED 1,402). Over the last 12 months one-beds sold for AED 1,065,000 to 1,530,677, around AED 1,547 per sqft, and rent for AED 36,725 to 159,000 a year. 812's AED 54,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Nov 20261,400,000
2 Nov 20261,250,000
16 Oct 20261,160,000
7 Oct 20261,530,677
20 1-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 8th floor

All 697 units in Elite Residence
Value
8011-bedAED 675K · Aug 2015
8022-bedAED 2.05M · Jul 2013
8031-bedAED 1.1M · Apr 2026
8041-bedAED 1.58M · Oct 2012
8052-bedAED 1.85M · Oct 2025
8061-bedAED 1.37M · Jan 2014
8071-bedAED 1.45M · Dec 2012
1–7 of 11

812, Elite Residence in numbers

  • Sold 3 times: first on 9 August 2009 for AED 1,380,642, last on 10 April 2014 for AED 1,350,000 (AED 1,405 per sqft).
  • Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 75,000 to AED 49,000 in 2020 and recovered to AED 54,000 by October 2021.
  • At AED 54,000 a year the gross yield on the 2014 price is 4.0%, before a service charge of about AED 12,600 a year (AED 13.10 per sqft).
  • One-beds in Elite Residence sold for AED 1,065,000–1,530,677 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 1 October 2021.

Questions about 812, Elite Residence

What did unit 812 last sell for?

AED 1,350,000 on 10 April 2014: AED 1,405 per sqft for 960 sqft. The unit has 3 registered sales; the first was AED 1,380,642 in August 2009.

What is the rent for unit 812?

AED 54,000 a year on the contract signed on 1 October 2021. The previous contract, from September 2020, was AED 49,000; the unit has been rented since May 2014.

How big is unit 812?

960 sqft (89.2 sqm): a one-bedroom apartment on the 8th floor of a 83-storey tower completed in 2012.

What is unit 812 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Residence sold for AED 1,065,000 to 1,530,677 in the last 12 months, around AED 1,547 per sqft.

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Mortgage on 812, Elite Residence

Starts from the last sale price (AED 1.35M, 10 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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