The only renovated sea-view 1BR in Elite

Engel & Voelkers is proud to present this beautifully renovated 1-bedroom apartment on the 20th floor of Elite Residence, one of Dubai Marina's most established waterfront towers.

Uniquely, this is the only fully renovated one-bedroom in the building with a genuine marina and sea view, every other renovated unit in the tower faces the rear.

Spanning 800 sq. ft., this elegant residence has been fully redesigned in 2024 to a hospitality standard and is offered fully furnished and operational, making it an exceptional option for both end-users and investors with income from day one.

The apartment enjoys open views over Dubai Marina, the Yacht Harbour and the Arabian Gulf, while its thoughtfully designed interiors feature Calacatta-style marble, custom joinery, integrated lighting and brushed brass accents, creating a refined contemporary atmosphere.

A Proven Investment:

Unlike most listings, this unit comes with a documented 19-month income history, tested under both rental models:

• AED 239,357 gross / AED 200,054 net over 19 months
• ~94% average occupancy across summer and winter cycles
• ~8.5% gross yield at the asking price
• Short-term (holiday home): peaks above AED 14,000/month, fully managed
• Long-term: AED 13,500/month at 100% occupancy, tenant pays utilities

Existing rental channels and listings transferable to the new owner Offered at AED 1,899,999, below the market range for a renovated, sea-facing unit in the tower.

For an investor or a holiday-home buyer, a furnished, operational and already-performing asset delivering a proven ~8.5% gross yield: rare on price, rarer on view.

Engel & Voelkers is one of the world’s leading service companies, specializing in the brokerage of residential and commercial properties, yachts, and aviation. With 1,000+ offices in over 30 countries, it offers a wide range of services.

Contact Engel & Voelkers today for further details.