706, Elite Residence
Sold prices and rental history: sold 3 times, last in May 2013, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 706, Elite Residence
What is 706 worth today?
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Source: Dubai Land Department. Updated 25 December 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 960 sqft
- Floor
- 7th of 83
- Parking
- B4-61
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 12,600 /yr
- Last sold
- AED 656K · May 2013
- Building
- Elite Residence
About 706, Elite Residence
706 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 15 May 2013 for AED 655,809, or AED 682 per sqft, 50% below the AED 1,372 one-beds in the building were fetching at the time.
It has been rented since 2017 on 3 Ejari contracts. The current contract, signed on 25 December 2022, is AED 75,000 a year: a gross yield of 11.4% on the 2013 price, before the service charge of about AED 12,600 a year.
Sales and rents for 706 over time
706 has sold 3 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 706 sits
All 398 1-beds →706 last sold in May 2013 at AED 682 per sqft, 50% below what one-beds in Elite Residence were fetching at the time (AED 1,372). 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. 706's AED 75,000 is in the lower 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 | |||||
|---|---|---|---|---|---|
| 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 | |
| 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 | |
| 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 |
706, Elite Residence in numbers
- Sold 3 times: first on 15 March 2010 for AED 1,311,618, last on 15 May 2013 for AED 655,809 (AED 682 per sqft).
- Rented since October 2017 on 3 Ejari contracts. The rent fell from AED 78,000 to AED 45,000 in 2021 and recovered to AED 75,000 by December 2022.
- At AED 75,000 a year the gross yield on the 2013 price is 11.4%, 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 25 December 2022.
Questions about 706, Elite Residence
What did unit 706 last sell for?
AED 655,809 on 15 May 2013: AED 682 per sqft for 960 sqft. The unit has 3 registered sales; the first was AED 1,311,618 in March 2010.
What is the rent for unit 706?
AED 75,000 a year on the contract signed on 25 December 2022. The previous contract, from February 2021, was AED 45,000; the unit has been rented since October 2017.
How big is unit 706?
960 sqft (89.2 sqm): a one-bedroom apartment on the 7th floor of a 83-storey tower completed in 2012.
What is unit 706 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 706, Elite Residence
Starts from the last sale price (AED 656K, 15 May 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 655,809
- Deposit, UAE resident (20%)
- AED 131,162
- Deposit, non-resident (40%)
- AED 262,324
- Monthly over 25 years at 3.7%
- AED 2,683
Plus AED 32,554 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →