701, Elite Residence
Sold prices and rental history: sold twice, last in December 2012, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Elite Residence
What is 701 worth today?
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Source: Dubai Land Department. Updated 11 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 960 sqft
- Floor
- 7th of 83
- Parking
- B4-01
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 12,600 /yr
- Last sold
- AED 1.25M · December 2012
- Building
- Elite Residence
About 701, Elite Residence
701 is a one-bedroom apartment of 960 sqft on the 7th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 27 December 2012 for AED 1,249,160, or AED 1,300 per sqft, 5% below the AED 1,365 one-beds in the building were fetching at the time.
It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 11 September 2024, is AED 100,000 a year: a gross yield of 8.0% on the 2012 price, before the service charge of about AED 12,600 a year.
Sales and rents for 701 over time
701 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 701 sits
All 398 1-beds →701 last sold in December 2012 at AED 1,300 per sqft, 5% below what one-beds in Elite Residence were fetching at the time (AED 1,365). 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. 701'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 7th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 1,329 sqft | AED 1.65MAED 1,650,000 · Feb 2025February 2025 | 105,000 /yr | |
| 703 | 801 sqft | AED 1.21MAED 1,210,000 · Nov 2022November 2022 | 70,000 /yr | ||
| 704 | 1-bed | 802 sqft | AED 1.45MAED 1,450,000 · Jul 2013July 2013 | 85,000 /yr | |
| 705 | 2-bed | 1,329 sqft | AED 2MAED 2,000,000 · Feb 2017February 2017 | 109,392 /yr | |
| 706 | 1-bed | 960 sqft | AED 656KAED 655,809 · May 2013May 2013 | 75,000 /yr | |
| 707 | 1-bed | 960 sqft | AED 750KAED 750,000 · Mar 2020March 2020 | 83,000 /yr | |
| 708 | 2-bed | 1,329 sqft | AED 1.02MAED 1,020,000 · Jul 2021July 2021 | 129,000 /yr | |
| 709 | 1-bed | 737 sqft | AED 554KAED 554,280 · Dec 2012December 2012 | 80,000 /yr | |
| 710 | 1-bed | 737 sqft | AED 1.14MAED 1,135,000 · Feb 2024February 2024 | 83,000 /yr | |
| 711 | 2-bed | 1,329 sqft | AED 1.53MAED 1,530,000 · Nov 2016November 2016 | 100,000 /yr | |
| 712 | 1-bed | 960 sqft | AED 1MAED 1,000,000 · May 2018May 2018 | 85,000 /yr |
701, Elite Residence in numbers
- Sold twice: first on 30 July 2009 for AED 1,249,160, last on 27 December 2012 for AED 1,249,160 (AED 1,300 per sqft).
- Rented since September 2022 on 3 Ejari contracts, from AED 75,000 to AED 100,000 a year.
- At AED 100,000 a year the gross yield on the 2012 price is 8.0%, before a service charge of about AED 12,600 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 11 September 2024.
Questions about 701, Elite Residence
What did unit 701 last sell for?
AED 1,249,160 on 27 December 2012: AED 1,300 per sqft for 960 sqft. The unit has 2 registered sales; the first was AED 1,249,160 in July 2009.
What is the rent for unit 701?
AED 100,000 a year on the contract renewed on 11 September 2024. The previous contract, from September 2023, was AED 85,000; the unit has been rented since September 2022.
How big is unit 701?
960 sqft (89.2 sqm): a one-bedroom apartment on the 7th floor of a 83-storey tower completed in 2012.
What is unit 701 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 701, Elite Residence
Starts from the last sale price (AED 1.25M, 27 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,249,160
- Deposit, UAE resident (20%)
- AED 249,832
- Deposit, non-resident (40%)
- AED 499,664
- Monthly over 25 years at 3.7%
- AED 5,111
Plus AED 57,474 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →