1501, Elite Residence
Sold prices and rental history: sold twice, last in August 2012, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1501, Elite Residence
What is 1501 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 28 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 480 sqft
- Floor
- 15th of 83
- Parking
- B4-62
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 6,300 /yr
- Last sold
- AED 1.22M · August 2012
- Building
- Elite Residence
About 1501, Elite Residence
1501 is a one-bedroom apartment of 480 sqft on the 15th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 29 August 2012 for AED 1,224,379, or AED 1,274 per sqft, 16% above the AED 1,095 one-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 28 October 2024, is AED 95,000 a year: a gross yield of 7.8% on the 2012 price, before the service charge of about AED 6,300 a year.
Sales and rents for 1501 over time
1501 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 1501 sits
All 398 1-beds →1501 last sold in August 2012 at AED 1,274 per sqft, 16% above what one-beds in Elite Residence were fetching at the time (AED 1,095). 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. 1501's AED 95,000 is in the upper 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 15th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1502 | 2-bed | 1,329 sqft | AED 1MAED 1,000,000 · Nov 2012November 2012 | 150,000 /yr | |
| 1503 | 1-bed | 801 sqft | AED 1.33MAED 1,325,000 · Aug 2024August 2024 | 90,000 /yr | |
| 1504 | 1-bed | 802 sqft | AED 840KAED 840,000 · May 2021May 2021 | 117,000 /yr | |
| 1505 | 2-bed | 1,329 sqft | AED 2.55MAED 2,548,858 · Oct 2012October 2012 | 115,385 /yr | |
| 1506 | 1-bed | 960 sqft | AED 1.35MAED 1,350,000 · Nov 2013November 2013 | 116,000 /yr | |
| 1507 | 1-bed | 960 sqft | AED 1MAED 1,000,000 · May 2013May 2013 | 85,000 /yr | |
| 1508 | 2-bed | 1,329 sqft | AED 1.82MAED 1,821,415 · Oct 2014October 2014 | 70,000 /yr | |
| 1509 | 1-bed | 737 sqft | AED 1.13MAED 1,130,731 · Dec 2012December 2012 | 84,000 /yr | |
| 1510 | 1-bed | 737 sqft | AED 750KAED 750,000 · Jul 2019July 2019 | 80,000 /yr | |
| 1511 | 2-bed | 1,329 sqft | AED 1.78MAED 1,775,000 · Jan 2014January 2014 | 130,000 /yr | |
| 1512 | 1-bed | 960 sqft | AED 1.27MAED 1,265,000 · May 2025May 2025 | 84,000 /yr |
1501, Elite Residence in numbers
- Sold twice: first on 21 April 2010 for AED 1,224,379, last on 29 August 2012 for AED 1,224,379 (AED 1,274 per sqft).
- Rented since May 2019 on 3 Ejari contracts. The rent fell from AED 67,000 to AED 60,000 in 2021 and recovered to AED 95,000 by October 2024.
- At AED 95,000 a year the gross yield on the 2012 price is 7.8%, before a service charge of about AED 6,300 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 28 October 2024.
Questions about 1501, Elite Residence
What did unit 1501 last sell for?
AED 1,224,379 on 29 August 2012: AED 1,274 per sqft for 480 sqft. The unit has 2 registered sales; the first was AED 1,224,379 in April 2010.
What is the rent for unit 1501?
AED 95,000 a year on the contract signed on 28 October 2024. The previous contract, from September 2021, was AED 60,000; the unit has been rented since May 2019.
How big is unit 1501?
480 sqft (44.6 sqm): a one-bedroom apartment on the 15th floor of a 83-storey tower completed in 2012.
What is unit 1501 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.
Selling 1501? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1501, Elite Residence
Starts from the last sale price (AED 1.22M, 29 August 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,224,379
- Deposit, UAE resident (20%)
- AED 244,876
- Deposit, non-resident (40%)
- AED 489,752
- Monthly over 25 years at 3.7%
- AED 5,009
Plus AED 56,434 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →