Elite Residences 3

1. Does it pay a good rent?8.8% gross, 7.2% after the service charge (Dubai median 6.8%)8.8%Strength
2. Are rents going up?New studio leases: AED 40,000 a year ago, AED 38,000 now (pooled across the project)-5.0%
3. Are prices going up?Studio: AED 957/sqft a year ago, 982 now+2.6%Fair
4. How fast do fees pay back?AED 28,330 in fees to buy a studio; net rent covers it in 0.9 years0.9 yrsStrength
5. Can I sell easily?27 sales in 12 months, 9% of the tower (32 the year before)27Fair
6. Is a lot being built nearby?2,542 apartments are planned in Dubai Sports City from 2026 to 2028, equal to 30% of the 8,361 homes let there today. A further 2,869 are past their planned date. Dubai Sports City supply by year →30%Fair
7. Did earlier buyers gain?Up 72% for buyers 5 years ago; up 16% for launch buyers, before fees+71.7%Context

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

At studio, Elite Residences 3 has registered sale prices 9% below the Dubai Sports City median price per square foot of 1,082 AED, across 52 eligible buildings. It ranks 38th of 52 by price per square foot and 16th of 37 by gross yield in Dubai Sports City.

• Sales and rents to
  2026-10-12 — Dubai Land Department and Ejari, trailing 12 months
  On record
• Sales evidence · Studio
  24 registered sales in 12 months
  On record
• Rental evidence · Studio
  62 new and 91 renewal contracts in 12 months · rent source: project (pooled)
  Read with care
• Service charge
  AED 16.56/sqft a year, 2025 owners-association budget; 7.2% yield after it. Confirm against the latest invoice.
  On record
• Project register
  Elite 3 Sports Residence: recorded complete 2013-11-13 · register data to 2026-07-06
  On record
• Building record
  DLD building record · data to 2026-10-13
  On record
• Costs not included
  4% DLD transfer fee, agency fee, mortgage, vacancy, furnishing. Every yield is gross.
  Not in the yield

What is the rental yield in Elite Residences 3?

Elite Residences 3 returns 8.8% gross: a median new-contract rent of AED 38,000 a year (62 Ejari contracts in 12 months) over a price benchmark of AED 430,000 (median of 24 sales in the last 12 months, latest Oct 2026), before service charge, agency fees or vacant months.

How much does a studio in Elite Residences 3 cost?

The median registered sale price is AED 430,000 (982 AED/sqft), from 24 Dubai Land Department sales in the last 12 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 12 months have a median of 982 AED/sqft, across 24 sales. That uses the same trailing year as the rent and yield figures, requires at least five sales, and excludes off-plan. Floor, view and condition move a specific unit's price around it.

Have prices in Elite Residences 3 risen or fallen?

Median price per square foot moved +2.6% over the last 12 months against the 12 before it, on 24 sales with a price per square foot. On a sample this size, read the direction rather than the exact figure.

How does Elite Residences 3 compare with Dubai Sports City?

Its 8.8% gross yield sits +0.2 pts against the Dubai Sports City median of 8.6%, computed the same way at the same bedroom grain. Gross yield divides the median annual rent from new registered Ejari contracts starting in the last 12 months by the median price of the building's registered sales in the last 12 months (at least 3 sales) for the same bedroom type, with ready and off-plan sales counted alike.