703, Elite Residence
Sold prices and rental history: sold 5 times, last in November 2022, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Elite Residence
What is 703 worth today?
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Source: Dubai Land Department. Updated 1 November 2022.
Key facts
- Type
- Apartment
- Size
- 801 sqft
- Floor
- 7th of 83
- Parking
- B4-20
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 10,500 /yr
- Last sold
- AED 1.21M · November 2022
- Building
- Elite Residence
About 703, Elite Residence
703 is an apartment of 801 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 1 November 2022 for AED 1,210,000, or AED 1,509 per sqft.
It has been rented continuously since 2012 on 6 Ejari contracts. The current contract, signed on 24 October 2021, is AED 70,000 a year: a gross yield of 5.8% on the 2022 price, before the service charge of about AED 10,500 a year.
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 | |
| 702 | 2-bed | 1,329 sqft | AED 1.65MAED 1,650,000 · Feb 2025February 2025 | 105,000 /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 |
703, Elite Residence in numbers
- Sold 5 times: first on 9 August 2009 for AED 1,511,400, last on 1 November 2022 for AED 1,210,000 (AED 1,509 per sqft).
- Rented since November 2012 on 6 Ejari contracts, from AED 85,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2022 price is 5.8%, before a service charge of about AED 10,500 a year (AED 13.10 per sqft).
Source: Dubai Land Department. Updated 1 November 2022.
Questions about 703, Elite Residence
What did unit 703 last sell for?
AED 1,210,000 on 1 November 2022: AED 1,509 per sqft for 801 sqft. The unit has 5 registered sales; the first was AED 1,511,400 in August 2009.
What is the rent for unit 703?
AED 70,000 a year on the contract signed on 24 October 2021. The previous contract, from December 2019, was AED 73,000; the unit has been rented since November 2012.
How big is unit 703?
801 sqft (74.4 sqm): an apartment on the 7th floor of a 83-storey tower completed in 2012.
What is unit 703 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 703, Elite Residence
Starts from the last sale price (AED 1.21M, 1 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,210,000
- Deposit, UAE resident (20%)
- AED 242,000
- Deposit, non-resident (40%)
- AED 484,000
- Monthly over 25 years at 3.7%
- AED 4,950
Plus AED 55,830 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →