PropertyIndex

Elite Residence

Completed · Q3 2012|700 units · 1 tower

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Elite Residence is a completed apartment development by TAMEER HOLDING INVESTMENT (LLC) in Dubai Marina, Marsa Dubai, comprising 700 registered units. 2,187 sales are registered with the Dubai Land Department, at a current PIX© price of AED 1,569 per sqft. At AED 1,569 per sqft, Elite Residence prices 38% below the Dubai Marina average of AED 2,539 per sqft on registered sales.

PIX© price · 1.2% YoY
2.22MAED
Typical
1,569AED
PSF
Gross yield
5.4%
PIX© rent ÷ PIX© price
Sale records
2,187
DLD · all time
Rent contracts
4,998
Ejari · all time
Elite Residence

Units

Every unit type registered in this project. PIX© values are EMA-weighted current figures from registered records. Select a row for detail.

TypeUnitsPIX© PricePIX© PSFPSF YoYPIX© Rent /yrYield
PIX© Core
Project-Wide
737 – 12,469 sqft
7002.22M1,5691.2%121K5.4%
Residential
1 Bed · Apartment
737 – 960 sqft
416
2 Bed · Apartment
1,329 – 1,331 sqft
208
3 Bed · Apartment
3,177 – 6,127 sqft
22
4 Bed · Apartment
3,173 – 6,246 sqft
50
5 Bed · Apartment
12,469 sqft
1
Villa (Bedrooms Unknown)
37,680 sqft
Commercial
Shop
2,962 – 3,250 sqft
3
Sales — Project-Wide2,187 DLD records
PIX© price analysis
PIX©Entry
PIX©Standard
PIX©Premium
PSF YoY
3-month change
Price range
PSF range
Avg size
Cash : mortgage
Off-plan : ready
Latest transactions
DateUnitPositionSizePricePSFvs Prior SaleTierType
8 Jul 20262 BedFloor 391,3302,060,0001,549-22.8%PremiumStandard Sale
7 Jul 20262 BedFloor 181,3291,810,0001,362+101.1%Entry LevelStandard Sale
2 Jul 20261 BedFloor 537371,275,0001,731+3.2%StandardStandard Sale
Rentals — Project-Wide4,998 Ejari contracts
PIX© rent analysis
PIX©Entry
PIX©Standard
PIX©Premium
Rent PSF YoY
Gross yield
Rent range
Renewals
Corporate
Floor Analysis
last 24 months
Median Rent / Yr · 716 rentals
Floors 7-59 · 669 rentals
Floors 61-81 · 47 rentals
Latest contracts
Start DateUnitSizeRent / YrRent PSFvs Prior RentTierType
25 Aug 20261 Bed96070,00073Entry Levelnew
24 Aug 20262 Bed1,331119,60190Standardnew
20 Aug 20261 Bed96068,00071Entry Levelnew

Comparables

How this project prices against its peers, ranked by PIX© price per square foot.

Comparable projects in Dubai Marina

The closest-priced registered projects in Dubai Marina.

Common questions about Elite Residence

Answered from Dubai Land Department registered transactions.

How much does a property in Elite Residence cost?

Property in Elite Residence sells at a current PIX© price of AED 1,569 per sqft, or about AED 2,217,288 for a typical unit, based on 2,187 sales registered with the Dubai Land Department.

Is Elite Residence completed?

Yes. Elite Residence is recorded as completed in the Dubai Land Department project register (completed q3 2012).

Who is the developer of Elite Residence?

Elite Residence is developed by TAMEER HOLDING INVESTMENT (LLC), the developer recorded against the project in the Dubai Land Department register.

What is the rental yield in Elite Residence?

Elite Residence yields 5.4% gross, calculated from current PIX© rent against current PIX© sale price, across 4,998 registered Ejari contracts.

How many units are in Elite Residence?

Elite Residence holds 700 registered units, per the Dubai Land Department unit register.

Have prices in Elite Residence gone up or down?

Price per sqft has risen +1.2% over the last 12 months, to AED 1,569, across 2,187 registered sales.

About Elite Residence

Elite Residence is a completed 91-storey supertall residential skyscraper in Dubai Marina, Dubai, standing at 380.5 metres and known for its distinctive multi-tiered domed crown.

History & Development

Elite Residence was developed on a plot of land in Dubai Marina that was originally designated for the cancelled Najd Tower project. The project was developed under the banners of Tameer Holding Investment LLC and Gemstone Real Estate Development LLC, both associated with the Al Rajhi Group. Designed by the Engineer Adnan Saffarini Office, the tower's superstructure was completed in 2011, and the entire building was officially delivered and opened in mid-to-late 2012, briefly holding the title of the third-tallest residential building in the world.

Architectural Design

Standing 380.5 metres (1,248 feet) tall, the building features an innovative architectural style described as Post Modern with Victorian-inspired design elements. Its glass facade is adorned with vertical aluminum fins that create a highly polished exterior, leading up to a distinctive multi-tiered domed crown. The units feature bowed balconies, panoramic floor-to-ceiling windows, and interior layouts fitted with wood and glass accents in soft beige tones.

Inventory and Amenities

Elite Residence is primarily a residential tower featuring an upscale mix of 1 to 4-bedroom apartments, 5-bedroom penthouses, and a luxury sky villa on the top floor. Ground-floor areas are reserved for retail, currently housing commercial outlets like Life Pharmacy and Marina Kitchen Restaurant. The tower boasts 15 floors of lifestyle amenities, including two indoor swimming pools, one outdoor pool with a pool deck, a fully equipped gym, a wellness spa with saunas and jacuzzis, recreation rooms for billiards and table tennis, an indoor and outdoor children's play area, and a tennis court. It also features 788 private covered parking spaces across four basement levels and podium parking, served by 12 high-speed elevators.

Amenities
  • Indoor Swimming Pools
    Two temperature-controlled indoor swimming pools located within the tower.
  • Outdoor Swimming Pool
    One outdoor swimming pool with an integrated pool deck.
  • Gymnasium
    State-of-the-art health club and fully equipped gym.
  • Spa Facilities
    Features jacuzzis, sauna rooms, and steam rooms.
  • Kids' Play Area
    Includes an indoor playroom and outdoor play facilities for children.
  • Recreation Rooms
    Dedicated space featuring billiard tables, table tennis, and an air hockey setup.
  • Tennis Court
    An outdoor tennis court for the residents.
  • Multi-Function Room
    A community multipurpose hall available for private functions and social gatherings.
  • Business Centre
    A business centre for professional needs.
  • Ground Floor Retail Outlets
    Includes street-level commercial shops such as Life Pharmacy and Marina Kitchen Restaurant.
  • Private Covered Parking
    788 parking spaces distributed across 4 basement levels and podium parking.
  • Concierge Services
    24-hour reception, lobby, and concierge desk.
  • High-Speed Elevators
    12 high-functioning, high-speed elevators serving all floors.
Also known as Elite Tower, Elite Residences.