4-bed · 6,246 sqftElite Residence, Dubai Marina · 79th floor · completed 2012

7901, Elite Residence

Sold prices and rental history: sold 3 times, last in December 2022, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 7901 · DLD and Ejari recordsUpdated 8 December 2022
Last soldAED 10.2M8 December 2022
Current rentAED 630K /yr13 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 7901, Elite Residence

What is 7901 worth today?

Last sold for AED 10,200,000 in 2022

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8 Dec 2022SoldReady
AED 10,200,000AED 1,632 per sqft
13 Jul 2021RentedNew contract
AED 630,000/yr12 months · AED 101 per sqft
8 Sep 2017RentedRenewal
AED 470,000/yr12 months · AED 75 per sqft
8 Sep 2016RentedNew contract
AED 470,000/yr12 months · AED 75 per sqft
2 Oct 2013SoldReady
AED 12,795,014AED 2,048 per sqft
3 Jul 2009Sold by developerOff-plan
AED 12,795,014AED 2,048 per sqft

Source: Dubai Land Department. Updated 8 December 2022.

Key facts

Type
4-bed apartment
Size
6,246 sqft
Floor
79th of 83
Parking
B1-40,B1-41,B1-42
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 81,800 /yr
Last sold
AED 10.2M · December 2022

About 7901, Elite Residence

7901 is a four-bedroom apartment of 6,246 sqft on the 79th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 8 December 2022 for AED 10,200,000, or AED 1,632 per sqft, 17% above the AED 1,400 four-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 13 July 2021, is AED 630,000 a year: a gross yield of 6.2% on the 2022 price, before the service charge of about AED 81,800 a year.

Sales and rents for 7901 over time

Sales
Unit 7901, each saleTypical four-bed in Elite Residence
5M10M2009201420192024Typical sale price by year: 2009 AED 8,204,272; 2010 AED 6,565,853; 2012 AED 5,146,704; 2013 AED 4,766,545; 2014 AED 6,053,984; 2015 AED 2,025,000; 2021 AED 3,185,000; 2022 AED 8,750,000; 2023 AED 3,900,000; 2024 AED 4,021,848; 2025 AED 5,750,000Sold by developer, July 2009: AED 12,795,014 (AED 2,048 per sqft)Sold, October 2013: AED 12,795,014 (AED 2,048 per sqft)Sold, December 2022: AED 10,200,000 (AED 1,632 per sqft)

7901 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 7901, each contractTypical four-bed in Elite Residence
250K500K2013201720212025Typical rent by year: 2013 AED 230,000; 2014 AED 250,000; 2015 AED 255,000; 2016 AED 275,730; 2017 AED 255,000; 2018 AED 216,925; 2019 AED 200,000; 2020 AED 180,000; 2021 AED 197,500; 2022 AED 210,000; 2023 AED 215,000; 2024 AED 287,500; 2025 AED 283,933; 2026 AED 300,000New contract, September 2016: AED 470,000 a yearRenewal, September 2017: AED 470,000 a yearNew contract, July 2021: AED 630,000 a year

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

4-beds in Elite Residence, and where 7901 sits

All 47 4-beds →

7901 last sold in December 2022 at AED 1,632 per sqft, 17% above what four-beds in Elite Residence were fetching at the time (AED 1,400). Over the last 12 months four-beds sold for AED 3,600,000 to 3,700,000, around AED 1,134 per sqft, and rent for AED 92,000 to 950,000 a year. 7901's AED 630,000 is in the upper half of that range.

Recent 4-bed salesUnit no.Price (AED)Summary
18 Dec 20253,600,000
18 Dec 20253,600,000
26 Jun 20255,900,000
18 Jun 20255,750,000
3 4-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 79th floor

All 697 units in Elite Residence
Value
79024-bedAED 8.75M · Mar 2022

7901, Elite Residence in numbers

  • Sold 3 times: first on 3 July 2009 for AED 12,795,014, last on 8 December 2022 for AED 10,200,000 (AED 1,632 per sqft).
  • Rented since September 2016 on 3 Ejari contracts, from AED 470,000 to AED 630,000 a year.
  • At AED 630,000 a year the gross yield on the 2022 price is 6.2%, before a service charge of about AED 81,800 a year (AED 13.10 per sqft).
  • Four-beds in Elite Residence sold for AED 3,600,000–3,700,000 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 8 December 2022.

Questions about 7901, Elite Residence

What did unit 7901 last sell for?

AED 10,200,000 on 8 December 2022: AED 1,632 per sqft for 6,246 sqft. The unit has 3 registered sales; the first was AED 12,795,014 in July 2009.

What is the rent for unit 7901?

AED 630,000 a year on the contract signed on 13 July 2021. The previous contract, from September 2017, was AED 470,000; the unit has been rented since September 2016.

How big is unit 7901?

6,246 sqft (580.3 sqm): a four-bedroom apartment on the 79th floor of a 83-storey tower completed in 2012.

What is unit 7901 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Elite Residence sold for AED 3,600,000 to 3,700,000 in the last 12 months, around AED 1,134 per sqft.

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Mortgage on 7901, Elite Residence

Starts from the last sale price (AED 10.2M, 8 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 10,200,000
Deposit, UAE resident (20%)
AED 2,040,000
Deposit, non-resident (40%)
AED 4,080,000
Monthly over 25 years at 3.7%
AED 41,731

Plus AED 433,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →