1208, Elite Residence
Sold prices and rental history: sold 4 times, last in July 2018, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1208, Elite Residence
What is 1208 worth today?
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Source: Dubai Land Department. Updated 20 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 12th of 83
- Parking
- P4-40
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.28M · July 2018
- Building
- Elite Residence
About 1208, Elite Residence
1208 is a two-bedroom apartment of 1,329 sqft on the 12th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 17 July 2018 for AED 1,275,000, or AED 959 per sqft, 14% below the AED 1,119 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 20 November 2024, is AED 77,360 a year: a gross yield of 6.1% on the 2018 price, before the service charge of about AED 17,400 a year.
Sales and rents for 1208 over time
1208 has sold 4 times; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Elite Residence, and where 1208 sits
All 198 2-beds →1208 last sold in July 2018 at AED 959 per sqft, 14% below what two-beds in Elite Residence were fetching at the time (AED 1,119). Over the last 12 months two-beds sold for AED 1,826,595 to 1,950,000, around AED 1,403 per sqft, and rent for AED 120,120 to 200,000 a year. 1208's AED 77,360 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jan 202630 January 2026 | 1,329 sqft | 1,950,000 | 1,466 | ||
| 2 Jan 20262 January 2026 | 1,331 sqft | 1,865,000 | 1,401 | ||
| 24 Dec 202524 December 2025 | 1,329 sqft | 1,826,595 | 1,374 | ||
| 24 Jul 202524 July 2025 | 1,331 sqft | 1,925,000 | 1,446 |
Elite Residence
Building697 apartments, 1-bed to 5-bed over 83 floors in Dubai Marina, completed in 2012 by Tameer Holding Investment. 12 sold in the last 12 months.
- Typical price per sqft
- AED 1,404 Down 1.7%
- Typical sale
- AED 1.85M
- Typical rent
- AED 105K /yr
- Typical yield
- 7.0%
Other units on the 12th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 960 sqft | AED 1.18MAED 1,175,000 · May 2023May 2023 | 126,000 /yr | |
| 1202 | 2-bed | 1,329 sqft | AED 2.53MAED 2,530,116 · Dec 2012December 2012 | 135,000 /yr | |
| 1203 | 1-bed | 801 sqft | AED 1.54MAED 1,535,000 · Jun 2013June 2013 | 80,000 /yr | |
| 1204 | 1-bed | 802 sqft | AED 1.4MAED 1,400,000 · Nov 2024November 2024 | 105,000 /yr | |
| 1205 | 2-bed | 1,329 sqft | AED 1.28MAED 1,280,000 · May 2021May 2021 | 135,000 /yr | |
| 1206 | 1-bed | 960 sqft | AED 1.25MAED 1,250,000 · Feb 2016February 2016 | 80,000 /yr | |
| 1207 | 1-bed | 960 sqft | AED 1.16MAED 1,160,000 · Jun 2013June 2013 | 120,000 /yr | |
| 1209 | 1-bed | 737 sqft | AED 1.12MAED 1,122,417 · Dec 2012December 2012 | 78,702 /yr | |
| 1210 | 1-bed | 737 sqft | AED 1MAED 1,000,000 · Jul 2023July 2023 | 80,000 /yr | |
| 1211 | 1,329 sqft | AED 1.87MAED 1,867,000 · Nov 2025November 2025 | 135,000 /yr | ||
| 1212 | 1-bed | 960 sqft | AED 1.26MAED 1,264,775 · Dec 2012December 2012 | 65,000 /yr |
1208, Elite Residence in numbers
- Sold 4 times: first on 12 August 2009 for AED 2,092,090, last on 17 July 2018 for AED 1,275,000 (AED 959 per sqft).
- Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 120,000 to AED 60,000 in 2021 and recovered to AED 77,360 by November 2024.
- At AED 77,360 a year the gross yield on the 2018 price is 6.1%, before a service charge of about AED 17,400 a year (AED 13.10 per sqft).
- Two-beds in Elite Residence sold for AED 1,826,595–1,950,000 in the 12 months to November 2026; the building's median across all types is AED 1,404 per sqft.
Source: Dubai Land Department. Updated 20 November 2024.
Questions about 1208, Elite Residence
What did unit 1208 last sell for?
AED 1,275,000 on 17 July 2018: AED 959 per sqft for 1,329 sqft. The unit has 4 registered sales; the first was AED 2,092,090 in August 2009.
What is the rent for unit 1208?
AED 77,360 a year on the contract renewed on 20 November 2024. The previous contract, from November 2023, was AED 77,360; the unit has been rented since May 2014.
How big is unit 1208?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 12th floor of a 83-storey tower completed in 2012.
What is unit 1208 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Elite Residence sold for AED 1,826,595 to 1,950,000 in the last 12 months, around AED 1,403 per sqft.
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Mortgage on 1208, Elite Residence
Starts from the last sale price (AED 1.28M, 17 July 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,275,000
- Deposit, UAE resident (20%)
- AED 255,000
- Deposit, non-resident (40%)
- AED 510,000
- Monthly over 25 years at 3.7%
- AED 5,216
Plus AED 58,560 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →