702, Elite Residence
Sold prices and rental history: sold 3 times, last in February 2025, and rented once, from April 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, Elite Residence
What is 702 worth today?
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Source: Dubai Land Department. Updated 19 February 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 7th of 83
- Parking
- B4-11
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.65M · February 2025
- Building
- Elite Residence
About 702, Elite Residence
702 is a two-bedroom apartment of 1,329 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 19 February 2025 for AED 1,650,000, or AED 1,241 per sqft, 13% below the AED 1,427 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 April 2019. The current contract, renewed on 1 April 2019, is AED 105,000 a year: a gross yield of 6.4% on the 2025 price, before the service charge of about AED 17,400 a year.
Sales and rents for 702 over time
702 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 702 sits
All 198 2-beds →702 last sold in February 2025 at AED 1,241 per sqft, 13% below what two-beds in Elite Residence were fetching at the time (AED 1,427). 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. 702's AED 105,000 is at the bottom 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 7th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 1-bed | 960 sqft | AED 1.25MAED 1,249,160 · Dec 2012December 2012 | 100,000 /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 |
702, Elite Residence in numbers
- Sold 3 times: first on 21 April 2014 for AED 2,400,000, last on 19 February 2025 for AED 1,650,000 (AED 1,241 per sqft).
- Rented since April 2019 on one Ejari contract, at AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2025 price is 6.4%, 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 19 February 2025.
Questions about 702, Elite Residence
What did unit 702 last sell for?
AED 1,650,000 on 19 February 2025: AED 1,241 per sqft for 1,329 sqft. The unit has 3 registered sales; the first was AED 2,400,000 in April 2014.
What is the rent for unit 702?
AED 105,000 a year on the contract renewed on 1 April 2019.
How big is unit 702?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 7th floor of a 83-storey tower completed in 2012.
What is unit 702 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 702, Elite Residence
Starts from the last sale price (AED 1.65M, 19 February 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 1,650,000
- Deposit, UAE resident (20%)
- AED 330,000
- Deposit, non-resident (40%)
- AED 660,000
- Monthly over 25 years at 3.7%
- AED 6,751
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →