Elite Residence in Dubai Marina - Dubai residental property project

Cap rates, sales prices, rents and deal volumes

Sales prices for completed properties in Elite Residence

Rooms	Size, sqm	Sale price, AED/sqm	Sale price, AED
1	79	16,976	1,337,500
2	124	14,790	1,826,595
4	295	12,213	3,600,000

Rents in Elite Residence

Rooms	Size, sqm	Rent, AED/sqm/ year	Rent, AED
1	87	1,032	89,643
2	124	1,137	141,000

The cap rate (rental yield) of investments into Elite Residence project is 8.1% on average.

The price of an apartment in Elite Residence is 13,441 AED/sqm on average.

The long term rent of an apartment in Elite Residence is 1,085 AED/sqm/year on average.

Price for completed 1 bedroom apartment in Elite Residence is 1,337,500 AED or 16,976 AED/sqm.
Price for completed 2 bedroom apartment in Elite Residence is 1,826,595 AED or 14,790 AED/sqm.
Price for completed 4 bedroom apartment in Elite Residence is 3,600,000 AED or 12,213 AED/sqm.

Rent for 1 bedroom apartment in Elite Residence is 89,643 AED or 1,032 AED/sqm.
Rent for 2 bedroom apartment in Elite Residence is 141,000 AED or 1,137 AED/sqm.

About Elite Residence

'Elite Residence' in 'Dubai Marina' area project description

Elite Residence is a luxurious residential tower located in Dubai Marina, one of the most sought-after areas in the city. The tower stands tall at a height of 86 floors and offers a variety of apartments and penthouses. The apartments range from one to four bedrooms and the penthouses from two to five bedrooms. All of the units are designed to offer a luxurious lifestyle with modern amenities and facilities.

The tower is located in close proximity to the Dubai Marina Mall, which offers a variety of shopping, dining, and entertainment options. The area is also home to a number of other attractions, such as the Dubai Marina Yacht Club, the Dubai Marina Walk, and the Dubai Marina Promenade.

Elite Residence offers a range of facilities and amenities to its residents. The tower features a fully-equipped gym, a swimming pool, a sauna, and a Jacuzzi. There is also a children’s play area, a games room, and a business center. The tower also has a 24-hour security system, CCTV surveillance, and a concierge service.

The tower is also home to a variety of restaurants and cafes, offering a range of cuisines. There is also a supermarket, a pharmacy, and a laundry service.

Elite Residence is a great choice for those looking for a luxurious lifestyle in Dubai. The tower offers a range of amenities and facilities, as well as a convenient location close to a variety of attractions. The apartments and penthouses are designed to provide a comfortable and luxurious lifestyle, with modern amenities and facilities.

Q&A on Elite Residence

What are the advantages of 'Elite Residence' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Elite Residence is located in the heart of Dubai Marina, one of the most sought-after residential areas in the city. It is close to the beach, shopping malls, restaurants, and other attractions.

2. Luxurious Amenities: Elite Residence offers a range of luxurious amenities, such as a swimming pool, gym, spa, and sauna.

3. Modern Design: The project features modern architecture and design, making it an attractive option for buyers.

4. High-Quality Construction: Elite Residence is built to the highest standards, ensuring that buyers get a quality product.

5. Flexible Payment Plans: The project offers flexible payment plans, making it easier for buyers to purchase a property.

6. Good Investment Opportunity: Elite Residence is a good investment opportunity, as it is expected to appreciate in value over time.

What projects are better than 'Elite Residence' project in Dubai which are located close by, and why?

- Marina Gate: Offers high-quality finishes, spacious layouts, panoramic waterfront views, and a range of luxury amenities including temperature-controlled pools and a state-of-the-art gym.

- Cayan Tower (Infinity Tower): Famous for its unique twisting architecture, each floor is rotated by 1.2 degrees to achieve the full 90-degree spiral, ensuring unobstructed views of the marina without compromising on privacy.

- Le Rêve: Tailored for ultra-luxurious living, it offers full-floor penthouses, exceptional privacy, 24-hour concierge service, and tailored facilities catering specifically to the affluent.

- Marina Heights: Positioned ideally near key commercial centers, it offers spacious apartments, vibrant community life, and direct access to a wide array of dining, shopping, and entertainment options.

- The Torch Tower: Known for its affordability without compromise on quality, it offers a balance of luxury and value, making it ideal for both investors and end-users who are looking for modern amenities at competitive prices.

- Silverene Towers: Offers a prime location right next to the Dubai Marina Mall, spectacular views of the marina, and modern facilities including a gym, swimming pools, and retail outlets.

- No. 9: A newer development with a contemporary design, it offers high-quality finishes, fantastic views of the waterfront, and an array of amenities including a large infinity pool and gym.

- Damac Heights: Features luxurious interiors designed by Fendi Casa, offering a blend of modern design and traditional elegance, along with panoramic views and an enviable location close to both the beach and the marina.

- The Address Dubai Marina: Combines the luxury of hotel living with residential comforts, offering direct access to the Marina Mall, high-end dining options, and top-tier service and facilities.