1502, Elite Residence
Sold prices and rental history: sold 3 times, last in November 2012, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, Elite Residence
What is 1502 worth today?
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Source: Dubai Land Department. Updated 27 October 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 15th of 83
- Parking
- B4-54
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1M · November 2012
- Building
- Elite Residence
About 1502, Elite Residence
1502 is a two-bedroom apartment of 1,329 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 4 November 2012 for AED 1,000,000, or AED 752 per sqft, 33% below the AED 1,116 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, signed on 27 October 2025, is AED 150,000 a year: a gross yield of 15.0% on the 2012 price, before the service charge of about AED 17,400 a year.
Sales and rents for 1502 over time
1502 has sold 3 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Elite Residence, and where 1502 sits
All 198 2-beds →1502 last sold in November 2012 at AED 752 per sqft, 33% below what two-beds in Elite Residence were fetching at the time (AED 1,116). Over the last 12 months two-beds sold for AED 1,826,595 to 1,950,000, around AED 1,403 per sqft, and rent for AED 120,120 to 200,000 a year. 1502's AED 150,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jan 202630 January 2026 | 1,329 sqft | 1,950,000 | 1,466 | ||
| 2 Jan 20262 January 2026 | 1,331 sqft | 1,865,000 | 1,401 | ||
| 24 Dec 202524 December 2025 | 1,329 sqft | 1,826,595 | 1,374 | ||
| 24 Jul 202524 July 2025 | 1,331 sqft | 1,925,000 | 1,446 |
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 | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 480 sqft | AED 1.22MAED 1,224,379 · Aug 2012August 2012 | 95,000 /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 |
1502, Elite Residence in numbers
- Sold 3 times: first on 9 August 2009 for AED 2,548,858, last on 4 November 2012 for AED 1,000,000 (AED 752 per sqft).
- Rented since November 2012 on 11 Ejari contracts, from AED 125,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2012 price is 15.0%, before a service charge of about AED 17,400 a year (AED 13.10 per sqft).
- Two-beds in Elite Residence sold for AED 1,826,595–1,950,000 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 27 October 2025.
Questions about 1502, Elite Residence
What did unit 1502 last sell for?
AED 1,000,000 on 4 November 2012: AED 752 per sqft for 1,329 sqft. The unit has 3 registered sales; the first was AED 2,548,858 in August 2009.
What is the rent for unit 1502?
AED 150,000 a year on the contract signed on 27 October 2025. The previous contract, from September 2024, was AED 160,000; the unit has been rented since November 2012.
How big is unit 1502?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 15th floor of a 83-storey tower completed in 2012.
What is unit 1502 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Residence sold for AED 1,826,595 to 1,950,000 in the last 12 months, around AED 1,403 per sqft.
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Mortgage on 1502, Elite Residence
Starts from the last sale price (AED 1M, 4 November 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →