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3-bed · 3,228 sqftElite Residence, Dubai Marina · 73rd floor · completed 2012

7302, Elite Residence

Sold prices and rental history: sold twice, last in May 2013, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7302 · DLD and Ejari recordsUpdated 31 December 2018
Last soldAED 7.03M13 May 2013
Current rentAED 183K /yr31 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7302, Elite Residence

What is 7302 worth today?

Last sold for AED 7,034,986 in 2013

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31 Dec 2018RentedRenewal
AED 182,821/yr15 months · AED 57 per sqft
1 Jan 2018RentedNew contract
AED 230,620/yr12 months · AED 71 per sqft
1 May 2017RentedRenewal
AED 245,100/yr4 months · AED 76 per sqft
1 Nov 2016RentedRenewal
AED 251,000/yr6 months · AED 78 per sqft
1 Nov 2015RentedRenewal
AED 245,000/yr12 months · AED 76 per sqft
1 Nov 2014RentedNew contract
AED 245,000/yr12 months · AED 76 per sqft
13 May 2013SoldReady
AED 7,034,986AED 2,179 per sqft
10 Aug 2009Sold by developerOff-plan
AED 7,034,986AED 2,179 per sqft

Source: Dubai Land Department. Updated 31 December 2018.

Key facts

Type
3-bed apartment
Size
3,228 sqft
Floor
73rd of 83
Parking
P1-96,P1-98
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 42,300 /yr
Last sold
AED 7.03M · May 2013
Building
Elite Residence

About 7302, Elite Residence

7302 is a three-bedroom apartment of 3,228 sqft on the 73rd floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 13 May 2013 for AED 7,034,986, or AED 2,179 per sqft, 40% above the AED 1,561 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 31 December 2018, is AED 182,821 a year: a gross yield of 2.6% on the 2013 price, before the service charge of about AED 42,300 a year.

Sales and rents for 7302 over time

Sales
Unit 7302, each saleTypical three-bed in Elite Residence
4M6M2009201320172021Typical sale price by year: 2009 AED 6,985,211; 2012 AED 4,200,000; 2013 AED 3,750,000; 2017 AED 6,000,000; 2021 AED 3,600,000Sold by developer, August 2009: AED 7,034,986 (AED 2,179 per sqft)Sold, May 2013: AED 7,034,986 (AED 2,179 per sqft)

7302 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7302, each contractTypical three-bed in Elite Residence
200K250K2013201720212025Typical rent by year: 2013 AED 240,000; 2014 AED 245,000; 2015 AED 245,000; 2016 AED 245,000; 2017 AED 240,000; 2018 AED 230,310; 2019 AED 170,000; 2020 AED 210,000; 2021 AED 175,000; 2022 AED 200,000; 2023 AED 205,000; 2024 AED 237,500; 2025 AED 240,000New contract, November 2014: AED 245,000 a yearRenewal, November 2015: AED 245,000 a yearRenewal, November 2016: AED 251,000 a yearRenewal, May 2017: AED 245,100 a yearNew contract, January 2018: AED 230,620 a yearRenewal, December 2018: AED 182,821 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Elite Residence, and where 7302 sits

All 22 3-beds →

7302 last sold in May 2013 at AED 2,179 per sqft, 40% above what three-beds in Elite Residence were fetching at the time (AED 1,561).

Recent 3-bed salesUnit no.Price (AED)Summary
27 Mar 20254,300,000
22 Feb 20242,800,000
23 Nov 202313,800,000
18 May 20232,699,844
0 3-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 73rd floor

All 697 units in Elite Residence
Value
73013-bedAED 7.03M · Mar 2013
73033-bedAED 3.8M · Jul 2017
73043-bedAED 5.8M · Jul 2009

7302, Elite Residence in numbers

  • Sold twice: first on 10 August 2009 for AED 7,034,986, last on 13 May 2013 for AED 7,034,986 (AED 2,179 per sqft).
  • Rented since November 2014 on 6 Ejari contracts, from AED 245,000 to AED 182,821 a year.
  • At AED 182,821 a year the gross yield on the 2013 price is 2.6%, before a service charge of about AED 42,300 a year (AED 13.10 per sqft).

Source: Dubai Land Department. Updated 31 December 2018.

Questions about 7302, Elite Residence

What did unit 7302 last sell for?

AED 7,034,986 on 13 May 2013: AED 2,179 per sqft for 3,228 sqft. The unit has 2 registered sales; the first was AED 7,034,986 in August 2009.

What is the rent for unit 7302?

AED 182,821 a year on the contract renewed on 31 December 2018. The previous contract, from January 2018, was AED 230,620; the unit has been rented since November 2014.

How big is unit 7302?

3,228 sqft (299.9 sqm): a three-bedroom apartment on the 73rd floor of a 83-storey tower completed in 2012.

What is unit 7302 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 7302, Elite Residence

Starts from the last sale price (AED 7.03M, 13 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 7,034,986
Deposit, UAE resident (20%)
AED 1,406,997
Deposit, non-resident (40%)
AED 2,813,994
Monthly over 25 years at 3.7%
AED 28,782

Plus AED 300,479 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →