1504, Elite Residence
Sold prices and rental history: sold 4 times, last in May 2021, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1504, Elite Residence
What is 1504 worth today?
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Source: Dubai Land Department. Updated 28 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 802 sqft
- Floor
- 15th of 83
- Parking
- B4-82
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 10,500 /yr
- Last sold
- AED 840K · May 2021
- Building
- Elite Residence
About 1504, Elite Residence
1504 is a one-bedroom apartment of 802 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 18 May 2021 for AED 840,000, or AED 1,047 per sqft, 26% above the AED 833 one-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 28 September 2024, is AED 117,000 a year: a gross yield of 13.9% on the 2021 price, before the service charge of about AED 10,500 a year.
Sales and rents for 1504 over time
1504 has sold 4 times; 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 1504 sits
All 398 1-beds →1504 last sold in May 2021 at AED 1,047 per sqft, 26% above what one-beds in Elite Residence were fetching at the time (AED 833). 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. 1504's AED 117,000 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 | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 480 sqft | AED 1.22MAED 1,224,379 · Aug 2012August 2012 | 95,000 /yr | |
| 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 | |
| 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 |
1504, Elite Residence in numbers
- Sold 4 times: first on 9 August 2009 for AED 1,602,523, last on 18 May 2021 for AED 840,000 (AED 1,047 per sqft).
- Rented since November 2017 on 5 Ejari contracts. The rent fell from AED 85,000 to AED 59,597 in 2020 and recovered to AED 117,000 by September 2024.
- At AED 117,000 a year the gross yield on the 2021 price is 13.9%, before a service charge of about AED 10,500 a year (AED 13.10 per sqft).
- One-beds in Elite Residence sold for AED 1,190,000–1,450,000 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 September 2024.
Questions about 1504, Elite Residence
What did unit 1504 last sell for?
AED 840,000 on 18 May 2021: AED 1,047 per sqft for 802 sqft. The unit has 4 registered sales; the first was AED 1,602,523 in August 2009.
What is the rent for unit 1504?
AED 117,000 a year on the contract signed on 28 September 2024. The previous contract, from December 2023, was AED 132,615; the unit has been rented since November 2017.
How big is unit 1504?
802 sqft (74.5 sqm): a one-bedroom apartment on the 15th floor of a 83-storey tower completed in 2012.
What is unit 1504 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 1504, Elite Residence
Starts from the last sale price (AED 840K, 18 May 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 840,000
- Deposit, UAE resident (20%)
- AED 168,000
- Deposit, non-resident (40%)
- AED 336,000
- Monthly over 25 years at 3.7%
- AED 3,437
Plus AED 40,290 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →