1508, Elite Residence
Sold prices and rental history: sold 3 times, last in October 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1508, Elite Residence
What is 1508 worth today?
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Source: Dubai Land Department. Updated 25 April 2020.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 15th of 83
- Parking
- P4-60
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.82M · October 2014
- Building
- Elite Residence
About 1508, Elite Residence
1508 is a two-bedroom apartment of 1,329 sqft on the 15th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 30 October 2014 for AED 1,821,415, or AED 1,370 per sqft, 16% below the AED 1,625 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 25 April 2020, is AED 70,000 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 17,400 a year.
Sales and rents for 1508 over time
1508 has sold 3 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 1508 sits
All 198 2-beds →1508 last sold in October 2014 at AED 1,370 per sqft, 16% below what two-beds in Elite Residence were fetching at the time (AED 1,625). 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. 1508's AED 70,000 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 15th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 480 sqft | AED 1.22MAED 1,224,379 · Aug 2012August 2012 | 95,000 /yr | |
| 1502 | 2-bed | 1,329 sqft | AED 1MAED 1,000,000 · Nov 2012November 2012 | 150,000 /yr | |
| 1503 | 1-bed | 801 sqft | AED 1.33MAED 1,325,000 · Aug 2024August 2024 | 90,000 /yr | |
| 1504 | 1-bed | 802 sqft | AED 840KAED 840,000 · May 2021May 2021 | 117,000 /yr | |
| 1505 | 2-bed | 1,329 sqft | AED 2.55MAED 2,548,858 · Oct 2012October 2012 | 115,385 /yr | |
| 1506 | 1-bed | 960 sqft | AED 1.35MAED 1,350,000 · Nov 2013November 2013 | 116,000 /yr | |
| 1507 | 1-bed | 960 sqft | AED 1MAED 1,000,000 · May 2013May 2013 | 85,000 /yr | |
| 1509 | 1-bed | 737 sqft | AED 1.13MAED 1,130,731 · Dec 2012December 2012 | 84,000 /yr | |
| 1510 | 1-bed | 737 sqft | AED 750KAED 750,000 · Jul 2019July 2019 | 80,000 /yr | |
| 1511 | 2-bed | 1,329 sqft | AED 1.78MAED 1,775,000 · Jan 2014January 2014 | 130,000 /yr | |
| 1512 | 1-bed | 960 sqft | AED 1.27MAED 1,265,000 · May 2025May 2025 | 84,000 /yr |
1508, Elite Residence in numbers
- Sold 3 times: first on 9 August 2009 for AED 2,212,966, last on 30 October 2014 for AED 1,821,415 (AED 1,370 per sqft).
- Rented since August 2013 on 5 Ejari contracts, from AED 105,000 to AED 70,000 a year.
- At AED 70,000 a year the gross yield on the 2014 price is 3.8%, 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 25 April 2020.
Questions about 1508, Elite Residence
What did unit 1508 last sell for?
AED 1,821,415 on 30 October 2014: AED 1,370 per sqft for 1,329 sqft. The unit has 3 registered sales; the first was AED 2,212,966 in August 2009.
What is the rent for unit 1508?
AED 70,000 a year on the contract signed on 25 April 2020. The previous contract, from September 2018, was AED 90,000; the unit has been rented since August 2013.
How big is unit 1508?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 15th floor of a 83-storey tower completed in 2012.
What is unit 1508 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 1508, Elite Residence
Starts from the last sale price (AED 1.82M, 30 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,821,415
- Deposit, UAE resident (20%)
- AED 364,283
- Deposit, non-resident (40%)
- AED 728,566
- Monthly over 25 years at 3.7%
- AED 7,452
Plus AED 81,510 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →