2-bed · 1,329 sqftElite Residence, Dubai Marina · 18th floor · completed 2012

1805, Elite Residence

Sold prices and rental history: sold 3 times, last in June 2015, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1805 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 900K28 June 2015
Current rentAED 99K /yr1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1805, Elite Residence

What is 1805 worth today?

Last sold for AED 900,000 in 2015

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1 Feb 2024RentedNew contract
AED 98,670/yr12 months · AED 74 per sqft
1 Feb 2022RentedRenewal
AED 78,000/yr12 months · AED 59 per sqft
1 Jan 2021RentedNew contract
AED 65,000/yr13 months · AED 49 per sqft
20 Aug 2019RentedRenewal
AED 80,000/yr12 months · AED 60 per sqft
20 Aug 2018RentedRenewal
AED 110,000/yr12 months · AED 83 per sqft
20 Aug 2016RentedNew contract
AED 130,000/yr12 months · AED 98 per sqft
28 Jun 2015SoldReady
AED 900,000AED 677 per sqft
18 Jun 2015RentedRenewal
AED 147,000/yr12 months · AED 111 per sqft

Source: Dubai Land Department. Updated 1 February 2024.

Key facts

Type
2-bed apartment
Size
1,329 sqft
Floor
18th of 83
Parking
P4-72
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 900K · June 2015

About 1805, Elite Residence

1805 is a two-bedroom apartment of 1,329 sqft on the 18th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 28 June 2015 for AED 900,000, or AED 677 per sqft, 9% below the AED 745 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 February 2024, is AED 98,670 a year: a gross yield of 11.0% on the 2015 price, before the service charge of about AED 17,400 a year.

Sales and rents for 1805 over time

Sales
Unit 1805, each saleTypical two-bed in Elite Residence
1M2M2009201420192024Typical sale price by year: 2009 AED 2,511,374; 2010 AED 2,452,658; 2012 AED 1,720,000; 2013 AED 1,922,407; 2014 AED 2,223,814; 2015 AED 1,675,000; 2016 AED 1,675,000; 2017 AED 1,660,000; 2018 AED 1,375,000; 2019 AED 1,000,000; 2020 AED 1,150,000; 2021 AED 1,105,000; 2022 AED 1,495,000; 2023 AED 1,730,000; 2024 AED 1,900,000; 2025 AED 1,874,500Sold by developer, October 2009: AED 780,900 (AED 587 per sqft)Sold, August 2012: AED 780,900 (AED 587 per sqft)Sold, June 2015: AED 900,000 (AED 677 per sqft)

1805 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1805, each contractTypical two-bed in Elite Residence
100K150K2012201620202024Typical rent by year: 2012 AED 100,000; 2013 AED 115,000; 2014 AED 130,000; 2015 AED 135,000; 2016 AED 135,000; 2017 AED 125,000; 2018 AED 110,000; 2019 AED 90,000; 2020 AED 78,000; 2021 AED 72,500; 2022 AED 90,000; 2023 AED 110,000; 2024 AED 126,000; 2025 AED 130,000; 2026 AED 131,250New contract, June 2014: AED 140,000 a yearRenewal, June 2015: AED 147,000 a yearNew contract, August 2016: AED 130,000 a yearRenewal, August 2018: AED 110,000 a yearRenewal, August 2019: AED 80,000 a yearNew contract, January 2021: AED 65,000 a yearRenewal, February 2022: AED 78,000 a yearNew contract, February 2024: AED 98,670 a year

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 1805 sits

All 198 2-beds →

1805 last sold in June 2015 at AED 677 per sqft, 9% below what two-beds in Elite Residence were fetching at the time (AED 745). 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. 1805's AED 98,670 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Jan 20261,950,000
2 Jan 20261,865,000
24 Dec 20251,826,595
24 Jul 20251,925,000
4 2-bed sales in the last 12 months

Elite Residence

Building

697 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%
Elite Residence, Dubai Marina: prices, sales and rents →

Other units on the 18th floor

All 697 units in Elite Residence
Value
18011-bedAED 1.1M · Feb 2016
18022-bedAED 2.57M · Jan 2013
18031-bedAED 1.3M · May 2024
18041-bedAED 1.41M · Sep 2024
18061-bedAED 1.28M · Dec 2012
18071-bedAED 1.27M · Dec 2012
1808AED 1.35M · Apr 2023
1–7 of 11

1805, Elite Residence in numbers

  • Sold 3 times: first on 25 October 2009 for AED 780,900, last on 28 June 2015 for AED 900,000 (AED 677 per sqft).
  • Rented since June 2014 on 8 Ejari contracts. The rent fell from AED 140,000 to AED 65,000 in 2021 and recovered to AED 98,670 by February 2024.
  • At AED 98,670 a year the gross yield on the 2015 price is 11.0%, 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 February 2024.

Questions about 1805, Elite Residence

What did unit 1805 last sell for?

AED 900,000 on 28 June 2015: AED 677 per sqft for 1,329 sqft. The unit has 3 registered sales; the first was AED 780,900 in October 2009.

What is the rent for unit 1805?

AED 98,670 a year on the contract signed on 1 February 2024. The previous contract, from February 2022, was AED 78,000; the unit has been rented since June 2014.

How big is unit 1805?

1,329 sqft (123.5 sqm): a two-bedroom apartment on the 18th floor of a 83-storey tower completed in 2012.

What is unit 1805 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 1805, Elite Residence

Starts from the last sale price (AED 900K, 28 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 900,000
Deposit, UAE resident (20%)
AED 180,000
Deposit, non-resident (40%)
AED 360,000
Monthly over 25 years at 3.7%
AED 3,682

Plus AED 42,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →