1605, Elite Residence
Sold prices and rental history: sold 3 times, last in March 2013, 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 1605, Elite Residence
What is 1605 worth today?
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Source: Dubai Land Department. Updated 1 March 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 16th of 83
- Parking
- P4-09
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 2.56M · March 2013
- Building
- Elite Residence
About 1605, Elite Residence
1605 is a two-bedroom apartment of 1,329 sqft on the 16th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 18 March 2013 for AED 2,555,105, or AED 1,922 per sqft, 28% above the AED 1,503 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 1 March 2023, is AED 88,254 a year: a gross yield of 3.5% on the 2013 price, before the service charge of about AED 17,400 a year.
Sales and rents for 1605 over time
1605 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 1605 sits
All 198 2-beds →1605 last sold in March 2013 at AED 1,922 per sqft, 28% above what two-beds in Elite Residence were fetching at the time (AED 1,503). 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. 1605's AED 88,254 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 16th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 1-bed | 960 sqft | AED 870KAED 870,000 · Jan 2019January 2019 | 100,000 /yr | |
| 1602 | 2-bed | 1,329 sqft | AED 1.9MAED 1,900,000 · May 2025May 2025 | 95,220 /yr | |
| 1603 | 1-bed | 801 sqft | AED 1.38MAED 1,380,000 · May 2025May 2025 | 100,000 /yr | |
| 1604 | 1-bed | 802 sqft | AED 1.35MAED 1,350,000 · Apr 2013April 2013 | ||
| 1606 | 1-bed | 960 sqft | AED 1.3MAED 1,300,000 · Jun 2015June 2015 | 82,500 /yr | |
| 1607 | 1-bed | 960 sqft | AED 1.2MAED 1,200,000 · Nov 2023November 2023 | 80,000 /yr | |
| 1608 | 2-bed | 1,329 sqft | AED 990KAED 990,000 · Jun 2015June 2015 | 115,500 /yr | |
| 1609 | 1-bed | 737 sqft | AED 810KAED 810,000 · Nov 2021November 2021 | 100,000 /yr | |
| 1610 | 1-bed | 737 sqft | AED 815KAED 815,000 · Jan 2022January 2022 | 55,000 /yr | |
| 1611 | 2-bed | 1,329 sqft | AED 1.9MAED 1,899,000 · Jun 2025June 2025 | 132,000 /yr | |
| 1612 | 1-bed | 960 sqft | AED 1.37MAED 1,372,095 · Aug 2023August 2023 | 90,716 /yr |
1605, Elite Residence in numbers
- Sold 3 times: first on 9 August 2009 for AED 2,555,105, last on 18 March 2013 for AED 2,555,105 (AED 1,922 per sqft).
- Rented since January 2013 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 80,000 in 2022 and recovered to AED 88,254 by March 2023.
- At AED 88,254 a year the gross yield on the 2013 price is 3.5%, 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 1 March 2023.
Questions about 1605, Elite Residence
What did unit 1605 last sell for?
AED 2,555,105 on 18 March 2013: AED 1,922 per sqft for 1,329 sqft. The unit has 3 registered sales; the first was AED 2,555,105 in August 2009.
What is the rent for unit 1605?
AED 88,254 a year on the contract renewed on 1 March 2023. The previous contract, from March 2022, was AED 80,000; the unit has been rented since January 2013.
How big is unit 1605?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 16th floor of a 83-storey tower completed in 2012.
What is unit 1605 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 1605, Elite Residence
Starts from the last sale price (AED 2.56M, 18 March 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,555,105
- Deposit, UAE resident (20%)
- AED 511,021
- Deposit, non-resident (40%)
- AED 1,022,042
- Monthly over 25 years at 3.7%
- AED 10,454
Plus AED 112,324 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →