Elite Residence

Tameer Holdings · 1BR, 2BR, 3BR, 4BR, penthouse · Dubai Marina, Dubai

Elite Residence is a residential project by Tameer Holdings in Dubai Marina, Dubai, offering 1BR, 2BR, 3BR, 4BR, penthouse layouts. The price list is not public and we verify it directly with the developer. This is an off-plan purchase with expected completion in December 2011 on a 60% during construction, 40% on handover payment plan. The indicative gross yield band for this area and unit mix is 5.5% – 7%: below you will find the project data, investment fit, risks and frequently asked questions reviewed by an independent advisor.

Elite Residence is a luxury skyscraper located in Dubai Marina, designed by renowned architect Adnan Saffarini, offering 1-4 bedroom apartments and 4-5 bedroom penthouses with top-notch amenities.

Key facts

Developer: Tameer Holdings
Area: Dubai Marina, Dubai
Property type: 1BR, 2BR, 3BR, 4BR, penthouse
Starting price: On request
Payment plan: 60% during construction, 40% on handover
Expected completion: December 2011
Construction status: Now selling
Indicative gross yield: 5.5% – 7%

Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.

Who this project fits

Elite Residence typically fits investors evaluating a Dubai entry where pricing is still to be confirmed, across 1BR, 2BR, 3BR, 4BR, penthouse layouts in Dubai Marina, Dubai. Because it is off-plan, capital stays committed until handover and income starts afterwards. The indicative gross yield band for this area and unit mix is 5.5% – 7%.

Risks to weigh

As with any off-plan purchase, there is handover-delay risk and developer risk: check escrow, permits and delivery track record. The payment plan lowers the upfront outlay but commits future cash: stress-test it against your real cash flow. Incoming supply in Dubai Marina, Dubai can compress rents and prices in the short term; service charges, currency and financing costs all affect net yield. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.

Frequently asked questions about this project

How much does a unit at Elite Residence cost?

The price list for Elite Residence is not public. We source current pricing and availability directly from the developer Tameer Holdings.

Where is Elite Residence located?

Elite Residence is located in Dubai Marina, Dubai. We assess the area on rental demand, incoming supply and accessibility — not on project marketing.

What is the payment plan for Elite Residence?

The indicated payment plan is: 60% during construction, 40% on handover. We verify the full structure, including milestones and the balance due at handover.

When is Elite Residence expected to complete?

Expected completion is December 2011 (current status: now selling). Off-plan dates can slip, so we check construction progress and the developer's delivery record.

What yield can I expect at Elite Residence?

The indicative gross band for this area and unit mix is 5.5% – 7%. Yield ranges are indicative market benchmarks for this area and unit mix, not a guaranteed return. Figures must be validated per unit before any commitment.

Who is the developer of Elite Residence?

Elite Residence is developed by Tameer Holdings. We review their delivery record, build quality and value retention before recommending it.

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