What is the rental yield in Elite Residences 3?

Elite Residences 3 returns 9.30% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 126 rental contracts registered in the last 24 months.

How much does a studio in Elite Residences 3 cost?

The median registered sale price is AED 432,500 (983 AED/sqft), from 36 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.

What are apartments in Elite Residences 3 selling for right now?

Registered sales of ready units in Elite Residences 3 over the last 6 months have a median of 985 AED/sqft, across 7 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.

Have prices in Elite Residences 3 risen or fallen?

Median price per square foot moved -0.8% over the last 12 months against the 12 before it, on 36 registered sales. On a sample this size, read the direction rather than the exact figure.

How does Elite Residences 3 compare with Dubai Sports City?

Its 9.30% gross yield sits +0.4 pts against the Dubai Sports City median of 8.89%, computed at the same bedroom grain over the same 24-month window.

Elite Residences 3 — sale prices & yield

Buy: 432,500AED; AED 985/sqft
Long-let: 9.30%; AED 40,000/yr

Price per sqft: Median of 7 registered sales of ready units in the last 6 months, most recent July 2026.

Priced off 4 sales in the last 3 months.

Yield spread: +0.4 pts; vs the Dubai Sports City median for this unit type
Turnover upside: +11.1%; new tenants pay more than sitting ones — 190 renewals
AED/yr/sqft: AED 89
Sales: 36
Rental contracts: 126
Renewal rent: AED 36,000/yr

12 months: -0.8%
3 years: +40.3%+11.9%/yr
5 years: +60.3%+9.9%/yr

Based on 36 sales and 126 rental contracts in the last 24 months. Rental data covers the whole Elite 3 Sports Residence project, not this tower alone.

Elite Residences 3 is an apartment building in Dubai Sports City, Dubai, one of the towers in the Elite 3 Sports Residence development. The closest metro station is Nakheel Metro Station, the nearest mall Marina Mall and the nearest landmark Sports City Swimming Academy. Land Department records for it run from 2015 to 2026, 460 registered sales in all — the 36 in the last 24 months are what every median above is computed from.

Price history

Every recorded sale in Elite Residences 3, by year.

Monthly median AED per sqft, smoothed over three months. The band along the bottom is the number of records each month.

Yield by bedroom type

Type	Median price	AED/sqft	Yield	12mo	Sales
Studio	AED 432,500	983	9.30% +0.4 pts	-0.8%	36
1 bed	AED 645,000	749	8.09% -0.2 pts	+8.3%	16
2 bed	AED 900,000	685	8.39% +0.3 pts	+9.5%	9

Deltas compare each yield with the Dubai Sports City median for the same unit type. How these yields are computed

How these yields are computed

Each yield divides the median rent by the median of the last 3 months of sales — or of the last 5 sales where the last 3 months hold fewer than three. Off-plan and ready sales count alike, and each bedroom type is priced off its own sales.

Short-let rates around Elite Residences 3

Median nightly rate on Airbnb for a 7-night stay, priced across the coming year.

How short-let rates are measured

Rates are sampled for every month of the coming year, so the figure carries the full season rather than a winter or summer slice. Listing counts are what those searches returned on the first page — a floor on what the building actually lists, not a count of it. Airbnb publishes approximate coordinates, so even the tightest set — listings within 50 metres — is the building and its immediate neighbours. Where that set is too small to measure a bedroom type, the row widens to the surrounding 500-metre cluster and is marked “500m”.

Type	Nightly (AED)	AED/night/sqft	Net revenue at 80%	Long-let rent	Uplift	Short-let yield	Listings seen
1 bed	400	0.46	AED 84,250	AED 55,000	1.5×	13.06%	1+

Net revenue assumes 80% occupancy — an assumption, not a measurement.

What the net revenue deducts

Occupancy is an assumption because no Dubai source publishes it per building — at half the occupancy, halve the revenue and the yield. From the nightly rate a guest sees, net revenue deducts Airbnb's 15.5% fee, then cleaning at 2 turnovers a month and utilities, both scaled to the unit's measured floor area. Service charge and mortgage are deliberately not deducted: neither comes out of the long-let rent beside it, and a service charge is owed whichever way the unit is let, so taking it off one side only would break the comparison. Neither figure is net of income tax or furnishing.

Off-plan vs resale

Units sold off-plan in Elite Residences 3 between 2009 and 2013 went for a median of AED 835/sqft (AED 555,475). The same building resells today at AED 887/sqft (AED 450,000) — an uplift of -19.0%.

Based on 185 off-plan sales across the building's full history.

Why this uses the full history

This comparison is deliberately not restricted to the 24-month window used elsewhere on the page — off-plan launches mostly predate it, so the window would erase the sales being compared.

Recent transactions

As filed with the Land Department — data to 2026-08-26.

29 resales in the last 12 months, against 30 a year on average over 2023–2025.

Sales

Date	Type	Sqft	Price	AED/sqft
18 Aug 2026	2 bed	1,331	AED 1,060,000	797
13 Jul 2026	Studio	442	AED 459,266	1,039
29 Jun 2026	Studio	444	AED 420,000	946
29 Jun 2026	Studio	482	AED 415,779	863
8 Jun 2026	Studio	447	AED 440,000	985

5 resales in the last 3 months.

Rental contracts

The rent figures on this page are pooled from this building’s project, so no individual contract can be attributed to this tower.

As registered

The building's record in the Dubai Land Department register, as of September 2026. Counts are as registered, not as built or as operated.

Floors: 20
Flats: 316

Nearby

Metro: Nakheel Metro Station
Mall: Marina Mall
Landmark: Sports City Swimming Academy

Compare with nearby buildings

The most-traded buildings in Dubai Sports City, on the same figures over the same window.

Highest rental yields in Dubai Sports City · Elite Residences 3 places 14th of 56

Common questions

What is the rental yield in Elite Residences 3?: Elite Residences 3 returns 9.30% gross — median annual rent from new Ejari contracts over the median resale price, before service charge, agency fees or vacant months. Measured across 126 rental contracts registered in the last 24 months.
How much does a studio in Elite Residences 3 cost?: The median registered sale price is AED 432,500 (983 AED/sqft), from 36 Dubai Land Department sales in the last 24 months. This is a price paid, not an asking price.
What are apartments in Elite Residences 3 selling for right now?: Registered sales of ready units in Elite Residences 3 over the last 6 months have a median of 985 AED/sqft, across 7 sales. That is the freshest window holding at least five, and it excludes off-plan. It is a median of what traded, not a valuation of a specific unit — floor, view and condition all move a real price and none of them is in it.
Have prices in Elite Residences 3 risen or fallen?: Median price per square foot moved -0.8% over the last 12 months against the 12 before it, on 36 registered sales. On a sample this size, read the direction rather than the exact figure.
How does Elite Residences 3 compare with Dubai Sports City?: Its 9.30% gross yield sits +0.4 pts against the Dubai Sports City median of 8.89%, computed at the same bedroom grain over the same 24-month window.

Elite Residences 3