1406, Elite Residence
Sold prices and rental history: sold twice, last in September 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1406, Elite Residence
What is 1406 worth today?
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Source: Dubai Land Department. Updated 5 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 960 sqft
- Floor
- 14th of 83
- Parking
- P4-61
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 12,600 /yr
- Last sold
- AED 1.27M · September 2012
- Building
- Elite Residence
About 1406, Elite Residence
1406 is a one-bedroom apartment of 960 sqft on the 14th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 23 September 2012 for AED 1,271,020, or AED 1,323 per sqft, 18% above the AED 1,117 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 5 May 2025, is AED 85,000 a year: a gross yield of 6.7% on the 2012 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1406 over time
1406 has sold twice; the dashed line is the one-bed median of each year in the building.
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 1406 sits
All 398 1-beds →1406 last sold in September 2012 at AED 1,323 per sqft, 18% above what one-beds in Elite Residence were fetching at the time (AED 1,117). Over the last 12 months one-beds sold for AED 1,190,000 to 1,450,000, around AED 1,615 per sqft, and rent for AED 36,725 to 137,000 a year. 1406's AED 85,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Jan 202612 January 2026 | 737 sqft | 1,190,000 | 1,615 | ||
| 9 Jan 20269 January 2026 | 737 sqft | 1,230,000 | 1,669 | ||
| 6 Jan 20266 January 2026 | 960 sqft | 1,346,497 | 1,403 | ||
| 19 Dec 202519 December 2025 | 960 sqft | 1,450,000 | 1,511 |
Elite Residence
Building697 apartments, 1-bed to 5-bed over 83 floors in Dubai Marina, completed in 2012 by Tameer Holding Investment. 12 sold in the last 12 months.
- Typical price per sqft
- AED 1,404 Down 1.7%
- Typical sale
- AED 1.85M
- Typical rent
- AED 105K /yr
- Typical yield
- 7.0%
Other units on the 14th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | 1-bed | 960 sqft | AED 1.1MAED 1,100,000 · Jan 2018January 2018 | 75,141 /yr | |
| 1402 | 2-bed | 1,329 sqft | AED 2.25MAED 2,250,000 · Sep 2024September 2024 | 90,000 /yr | |
| 1403 | 1-bed | 801 sqft | AED 1.54MAED 1,537,850 · Dec 2012December 2012 | 78,000 /yr | |
| 1404 | 1-bed | 802 sqft | AED 1.54MAED 1,537,850 · Dec 2012December 2012 | 80,850 /yr | |
| 1405 | 2-bed | 1,329 sqft | AED 1.8MAED 1,800,000 · Sep 2015September 2015 | 122,000 /yr | |
| 1407 | 1-bed | 960 sqft | AED 1MAED 1,000,000 · Jan 2013January 2013 | 80,000 /yr | |
| 1408 | 1,329 sqft | AED 1.85MAED 1,846,000 · Oct 2025October 2025 | 129,282 /yr | ||
| 1409 | 1-bed | 737 sqft | AED 1.24MAED 1,243,576 · Dec 2012December 2012 | ||
| 1410 | 1-bed | 737 sqft | AED 1.25MAED 1,250,000 · Feb 2014February 2014 | 85,000 /yr | |
| 1411 | 2-bed | 1,329 sqft | AED 2.7MAED 2,702,260 · Dec 2012December 2012 | 79,786 /yr | |
| 1412 | 1-bed | 960 sqft | AED 960KAED 960,000 · Jan 2013January 2013 | 78,030 /yr |
1406, Elite Residence in numbers
- Sold twice: first on 9 August 2009 for AED 1,271,020, last on 23 September 2012 for AED 1,271,020 (AED 1,323 per sqft).
- Rented since September 2014 on 10 Ejari contracts. The rent fell from AED 85,000 to AED 50,000 in 2020 and recovered to AED 85,000 by May 2025.
- At AED 85,000 a year the gross yield on the 2012 price is 6.7%, before a service charge of about AED 12,600 a year (AED 13.10 per sqft).
- One-beds in Elite Residence sold for AED 1,190,000–1,450,000 in the 12 months to November 2026; the building's median across all types is AED 1,404 per sqft.
Source: Dubai Land Department. Updated 5 May 2025.
Questions about 1406, Elite Residence
What did unit 1406 last sell for?
AED 1,271,020 on 23 September 2012: AED 1,323 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 1,271,020 in August 2009.
What is the rent for unit 1406?
AED 85,000 a year on the contract signed on 5 May 2025. The previous contract, from November 2024, was AED 88,828; the unit has been rented since September 2014.
How big is unit 1406?
960 sqft (89.2 sqm): a one-bedroom apartment on the 14th floor of a 83-storey tower completed in 2012.
What is unit 1406 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 1,190,000 to 1,450,000 in the last 12 months, around AED 1,615 per sqft.
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Mortgage on 1406, Elite Residence
Starts from the last sale price (AED 1.27M, 23 September 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,271,020
- Deposit, UAE resident (20%)
- AED 254,204
- Deposit, non-resident (40%)
- AED 508,408
- Monthly over 25 years at 3.7%
- AED 5,200
Plus AED 58,393 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →