1-bed · 801 sqftElite Residence, Dubai Marina · 9th floor · completed 2012

903, Elite Residence

Sold prices and rental history: sold 3 times, last in November 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 903 · DLD and Ejari recordsUpdated 24 January 2023
Last soldAED 1.18M21 November 2012
Current rentAED 112K /yr24 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 903, Elite Residence

What is 903 worth today?

Last sold for AED 1,175,000 in 2012

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24 Jan 2023RentedNew contract
AED 112,000/yr12 months · AED 140 per sqft
1 Apr 2021RentedNew contract
AED 70,000/yr12 months · AED 87 per sqft
13 Nov 2017RentedRenewal
AED 96,000/yr6 months · AED 121 per sqft
13 Nov 2016RentedRenewal
AED 100,000/yr12 months · AED 126 per sqft
13 Nov 2015RentedRenewal
AED 100,000/yr12 months · AED 126 per sqft
13 Nov 2014RentedNew contract
AED 100,000/yr12 months · AED 126 per sqft
21 Nov 2012SoldReady
AED 1,175,000AED 1,466 per sqft
17 Oct 2012SoldReady
AED 1,518,957AED 1,895 per sqft

Source: Dubai Land Department. Updated 24 January 2023.

Key facts

Type
1-bed apartment
Size
801 sqft
Floor
9th of 83
Parking
B4-56
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 1.18M · November 2012

About 903, Elite Residence

903 is a one-bedroom apartment of 801 sqft on the 9th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 21 November 2012 for AED 1,175,000, or AED 1,466 per sqft, 12% above the AED 1,304 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 24 January 2023, is AED 112,000 a year: a gross yield of 9.5% on the 2012 price, before the service charge of about AED 10,500 a year.

Sales and rents for 903 over time

Sales
Unit 903, 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 1,518,957 (AED 1,895 per sqft)Sold, October 2012: AED 1,518,957 (AED 1,895 per sqft)Sold, November 2012: AED 1,175,000 (AED 1,466 per sqft)

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

Rents
Unit 903, each contractTypical one-bed in Elite Residence
50K100K2012201620202024Typical 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, November 2014: AED 100,000 a yearRenewal, November 2015: AED 100,000 a yearRenewal, November 2016: AED 100,000 a yearRenewal, November 2017: AED 96,000 a yearNew contract, April 2021: AED 70,000 a yearNew contract, January 2023: AED 112,000 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 903 sits

All 416 1-beds →

903 last sold in November 2012 at AED 1,466 per sqft, 12% above what one-beds in Elite Residence were fetching at the time (AED 1,304). 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. 903's AED 112,000 is in the upper 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 9th floor

All 697 units in Elite Residence
Value
9011-bedAED 1.02M · Feb 2013
9022-bedAED 1.85M · Nov 2015
9041-bedAED 1.55M · Feb 2025
9052-bedAED 1.7M · Apr 2013
9061-bedAED 1.27M · Jun 2025
9071-bedAED 1.32M · Dec 2012
9082-bedAED 1M · Apr 2021
1–7 of 11

903, Elite Residence in numbers

  • Sold 3 times: first on 9 August 2009 for AED 1,518,957, last on 21 November 2012 for AED 1,175,000 (AED 1,466 per sqft).
  • Rented since November 2014 on 6 Ejari contracts. The rent fell from AED 100,000 to AED 70,000 in 2021 and recovered to AED 112,000 by January 2023.
  • At AED 112,000 a year the gross yield on the 2012 price is 9.5%, before a service charge of about AED 10,500 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 24 January 2023.

Questions about 903, Elite Residence

What did unit 903 last sell for?

AED 1,175,000 on 21 November 2012: AED 1,466 per sqft for 801 sqft. The unit has 3 registered sales; the first was AED 1,518,957 in August 2009.

What is the rent for unit 903?

AED 112,000 a year on the contract signed on 24 January 2023. The previous contract, from April 2021, was AED 70,000; the unit has been rented since November 2014.

How big is unit 903?

801 sqft (74.4 sqm): a one-bedroom apartment on the 9th floor of a 83-storey tower completed in 2012.

What is unit 903 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 903, Elite Residence

Starts from the last sale price (AED 1.18M, 21 November 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,175,000
Deposit, UAE resident (20%)
AED 235,000
Deposit, non-resident (40%)
AED 470,000
Monthly over 25 years at 3.7%
AED 4,807

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