2-bed · 1,331 sqftElite Residence, Dubai Marina · 31st floor · completed 2012

3108, Elite Residence

Sold prices and rental history: sold 3 times, last in January 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3108 · DLD and Ejari recordsUpdated 3 May 2024
Last soldAED 1.7M12 January 2017
Current rentAED 120K /yr3 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3108, Elite Residence

What is 3108 worth today?

Last sold for AED 1,700,000 in 2017

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3 May 2024RentedNew contract
AED 120,000/yr12 months · AED 90 per sqft
20 Mar 2023RentedRenewal
AED 87,000/yr12 months · AED 65 per sqft
20 Mar 2022RentedRenewal
AED 71,500/yr12 months · AED 54 per sqft
20 Mar 2020RentedNew contract
AED 74,000/yr12 months · AED 55 per sqft
14 Mar 2019RentedRenewal
AED 95,000/yr12 months · AED 71 per sqft
14 Mar 2017RentedNew contract
AED 120,000/yr12 months · AED 90 per sqft
12 Jan 2017SoldReady
AED 1,700,000AED 1,277 per sqft
5 Jul 2015RentedNew contract
AED 110,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 3 May 2024.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
31st of 83
Parking
P3-92
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.7M · January 2017

About 3108, Elite Residence

3108 is a two-bedroom apartment of 1,331 sqft on the 31st floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 12 January 2017 for AED 1,700,000, or AED 1,277 per sqft, in line with the AED 1,278 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 3 May 2024, is AED 120,000 a year: a gross yield of 7.1% on the 2017 price, before the service charge of about AED 17,400 a year.

Sales and rents for 3108 over time

Sales
Unit 3108, each saleTypical two-bed in Elite Residence
1M2M2009201420192024Typical sale price by year: 2009 AED 2,511,374; 2010 AED 2,452,658; 2012 AED 1,720,000; 2013 AED 1,922,407; 2014 AED 2,223,814; 2015 AED 1,675,000; 2016 AED 1,675,000; 2017 AED 1,660,000; 2018 AED 1,375,000; 2019 AED 1,000,000; 2020 AED 1,150,000; 2021 AED 1,105,000; 2022 AED 1,495,000; 2023 AED 1,730,000; 2024 AED 1,900,000; 2025 AED 1,874,500Sold by developer, August 2009: AED 2,299,749 (AED 1,728 per sqft)Sold, December 2012: AED 2,299,749 (AED 1,728 per sqft)Sold, January 2017: AED 1,700,000 (AED 1,277 per sqft)

3108 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3108, each contractTypical two-bed in Elite Residence
100K2012201620202024Typical rent by year: 2012 AED 100,000; 2013 AED 115,000; 2014 AED 130,000; 2015 AED 135,000; 2016 AED 135,000; 2017 AED 125,000; 2018 AED 110,000; 2019 AED 90,000; 2020 AED 78,000; 2021 AED 72,500; 2022 AED 90,000; 2023 AED 110,000; 2024 AED 126,000; 2025 AED 130,000; 2026 AED 131,250New contract, May 2014: AED 105,000 a yearNew contract, July 2015: AED 110,000 a yearNew contract, March 2017: AED 120,000 a yearRenewal, March 2019: AED 95,000 a yearNew contract, March 2020: AED 74,000 a yearRenewal, March 2022: AED 71,500 a yearRenewal, March 2023: AED 87,000 a yearNew contract, May 2024: AED 120,000 a year

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 3108 sits

All 198 2-beds →

3108 last sold in January 2017 at AED 1,277 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 1,278). 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. 3108's AED 120,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jan 20261,950,000
2 Jan 20261,865,000
24 Dec 20251,826,595
24 Jul 20251,925,000
4 2-bed sales in the last 12 months

Elite Residence

Building

697 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%
Elite Residence, Dubai Marina: prices, sales and rents →

Other units on the 31st floor

All 697 units in Elite Residence
Value
31011-bedAED 662K · Dec 2012
31022-bedAED 1.75M · Jul 2017
31031-bedAED 1.65M · Feb 2017
31041-bedAED 1.1M · Sep 2012
31052-bedAED 1.9M · Jul 2024
31061-bedAED 1.25M · Apr 2024
31071-bedAED 662K · Dec 2012
1–7 of 11

3108, Elite Residence in numbers

  • Sold 3 times: first on 10 August 2009 for AED 2,299,749, last on 12 January 2017 for AED 1,700,000 (AED 1,277 per sqft).
  • Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 105,000 to AED 71,500 in 2022 and recovered to AED 120,000 by May 2024.
  • At AED 120,000 a year the gross yield on the 2017 price is 7.1%, 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 3 May 2024.

Questions about 3108, Elite Residence

What did unit 3108 last sell for?

AED 1,700,000 on 12 January 2017: AED 1,277 per sqft for 1,331 sqft. The unit has 3 registered sales; the first was AED 2,299,749 in August 2009.

What is the rent for unit 3108?

AED 120,000 a year on the contract signed on 3 May 2024. The previous contract, from March 2023, was AED 87,000; the unit has been rented since May 2014.

How big is unit 3108?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 31st floor of a 83-storey tower completed in 2012.

What is unit 3108 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 3108, Elite Residence

Starts from the last sale price (AED 1.7M, 12 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

Plus AED 76,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →