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3-bed · 3,177 sqftElite Residence, Dubai Marina · 74th floor · completed 2012

7404, Elite Residence

Sold prices and rental history: sold 3 times, last in February 2013, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7404 · DLD and Ejari recordsUpdated 19 February 2025
Last soldAED 3.55M5 February 2013
Current rentAED 300K /yr19 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 7404, Elite Residence

What is 7404 worth today?

Last sold for AED 3,551,000 in 2013

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19 Feb 2025RentedRenewal
AED 300,000/yr12 months · AED 94 per sqft
19 Feb 2024RentedNew contract
AED 280,000/yr12 months · AED 88 per sqft
19 Dec 2023RentedNew contract · flagged as an outlier
AED 40,000/yr12 months · AED 13 per sqft
19 Dec 2023RentedNew contract · flagged as an outlier
AED 40,000/yr12 months · AED 13 per sqft
1 Oct 2022RentedNew contract
AED 249,330/yr12 months · AED 79 per sqft
5 Feb 2013SoldReady
AED 3,551,000AED 1,117 per sqft
5 Dec 2012SoldReady
AED 4,011,123AED 1,262 per sqft
11 Jun 2012Sold by developerOff-plan
AED 4,011,123AED 1,262 per sqft

Source: Dubai Land Department. Updated 19 February 2025.

Key facts

Type
3-bed apartment
Size
3,177 sqft
Floor
74th of 83
Parking
P1-51,P1-52,P1-64
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 41,600 /yr
Last sold
AED 3.55M · February 2013
Building
Elite Residence

About 7404, Elite Residence

7404 is a three-bedroom apartment of 3,177 sqft on the 74th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 5 February 2013 for AED 3,551,000, or AED 1,117 per sqft, 14% below the AED 1,301 three-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 19 February 2025, is AED 300,000 a year: a gross yield of 8.5% on the 2013 price, before the service charge of about AED 41,600 a year.

Sales and rents for 7404 over time

Sales
Unit 7404, 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, June 2012: AED 4,011,123 (AED 1,262 per sqft)Sold, December 2012: AED 4,011,123 (AED 1,262 per sqft)Sold, February 2013: AED 3,551,000 (AED 1,117 per sqft)

7404 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 7404, each contractTypical three-bed in Elite Residence
200K300K2013201720212025Typical 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, October 2022: AED 249,330 a yearNew contract, February 2024: AED 280,000 a yearRenewal, February 2025: AED 300,000 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 7404 sits

All 22 3-beds →

7404 last sold in February 2013 at AED 1,117 per sqft, 14% below what three-beds in Elite Residence were fetching at the time (AED 1,301).

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 74th floor

All 697 units in Elite Residence
Value
74013-bedAED 4.3M · Mar 2025
74023-bedAED 5.55M · Dec 2012
74033-bedAED 3.6M · May 2013

7404, Elite Residence in numbers

  • Sold 3 times: first on 11 June 2012 for AED 4,011,123, last on 5 February 2013 for AED 3,551,000 (AED 1,117 per sqft).
  • Rented since October 2022 on 5 Ejari contracts. The rent fell from AED 249,330 to AED 40,000 in 2023 and recovered to AED 300,000 by February 2025.
  • At AED 300,000 a year the gross yield on the 2013 price is 8.5%, before a service charge of about AED 41,600 a year (AED 13.10 per sqft).

Source: Dubai Land Department. Updated 19 February 2025.

Questions about 7404, Elite Residence

What did unit 7404 last sell for?

AED 3,551,000 on 5 February 2013: AED 1,117 per sqft for 3,177 sqft. The unit has 3 registered sales; the first was AED 4,011,123 in June 2012.

What is the rent for unit 7404?

AED 300,000 a year on the contract renewed on 19 February 2025. The previous contract, from February 2024, was AED 280,000; the unit has been rented since October 2022.

How big is unit 7404?

3,177 sqft (295.2 sqm): a three-bedroom apartment on the 74th floor of a 83-storey tower completed in 2012.

What is unit 7404 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 7404, Elite Residence

Starts from the last sale price (AED 3.55M, 5 February 2013). Switch to today's estimate once you have unlocked it.
Price
AED 3,551,000
Deposit, UAE resident (20%)
AED 710,200
Deposit, non-resident (40%)
AED 1,420,400
Monthly over 25 years at 3.7%
AED 14,528

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →