1609, Elite Residence
Sold prices and rental history: sold 4 times, last in November 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1609, Elite Residence
What is 1609 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 14 September 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 737 sqft
- Floor
- 16th of 83
- Parking
- B4-63
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 9,700 /yr
- Last sold
- AED 810K · November 2021
- Building
- Elite Residence
About 1609, Elite Residence
1609 is a one-bedroom apartment of 737 sqft on the 16th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 11 November 2021 for AED 810,000, or AED 1,099 per sqft, 25% above the AED 882 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 14 September 2025, is AED 100,000 a year: a gross yield of 12.3% on the 2021 price, before the service charge of about AED 9,700 a year.
Sales and rents for 1609 over time
1609 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 1609 sits
All 398 1-beds →1609 last sold in November 2021 at AED 1,099 per sqft, 25% above what one-beds in Elite Residence were fetching at the time (AED 882). 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. 1609's AED 100,000 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 16th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 960 sqft | AED 870KAED 870,000 · Jan 2019January 2019 | 100,000 /yr | |
| 1602 | 2-bed | 1,329 sqft | AED 1.9MAED 1,900,000 · May 2025May 2025 | 95,220 /yr | |
| 1603 | 1-bed | 801 sqft | AED 1.38MAED 1,380,000 · May 2025May 2025 | 100,000 /yr | |
| 1604 | 1-bed | 802 sqft | AED 1.35MAED 1,350,000 · Apr 2013April 2013 | ||
| 1605 | 2-bed | 1,329 sqft | AED 2.56MAED 2,555,105 · Mar 2013March 2013 | 88,254 /yr | |
| 1606 | 1-bed | 960 sqft | AED 1.3MAED 1,300,000 · Jun 2015June 2015 | 82,500 /yr | |
| 1607 | 1-bed | 960 sqft | AED 1.2MAED 1,200,000 · Nov 2023November 2023 | 80,000 /yr | |
| 1608 | 2-bed | 1,329 sqft | AED 990KAED 990,000 · Jun 2015June 2015 | 115,500 /yr | |
| 1610 | 1-bed | 737 sqft | AED 815KAED 815,000 · Jan 2022January 2022 | 55,000 /yr | |
| 1611 | 2-bed | 1,329 sqft | AED 1.9MAED 1,899,000 · Jun 2025June 2025 | 132,000 /yr | |
| 1612 | 1-bed | 960 sqft | AED 1.37MAED 1,372,095 · Aug 2023August 2023 | 90,716 /yr |
1609, Elite Residence in numbers
- Sold 4 times: first on 9 August 2009 for AED 1,312,171, last on 11 November 2021 for AED 810,000 (AED 1,099 per sqft).
- Rented since July 2019 on 4 Ejari contracts, from AED 60,000 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2021 price is 12.3%, before a service charge of about AED 9,700 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 14 September 2025.
Questions about 1609, Elite Residence
What did unit 1609 last sell for?
AED 810,000 on 11 November 2021: AED 1,099 per sqft for 737 sqft. The unit has 4 registered sales; the first was AED 1,312,171 in August 2009.
What is the rent for unit 1609?
AED 100,000 a year on the contract renewed on 14 September 2025. The previous contract, from September 2024, was AED 100,000; the unit has been rented since July 2019.
How big is unit 1609?
737 sqft (68.5 sqm): a one-bedroom apartment on the 16th floor of a 83-storey tower completed in 2012.
What is unit 1609 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 1609? 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 1609, Elite Residence
Starts from the last sale price (AED 810K, 11 November 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 810,000
- Deposit, UAE resident (20%)
- AED 162,000
- Deposit, non-resident (40%)
- AED 324,000
- Monthly over 25 years at 3.7%
- AED 3,314
Plus AED 39,030 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →