2408, Elite Residence
Sold prices and rental history: sold 5 times, last in August 2022, 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 2408, Elite Residence
What is 2408 worth today?
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Source: Dubai Land Department. Updated 6 October 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 24th of 83
- Parking
- P3-80
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.62M · August 2022
- Building
- Elite Residence
About 2408, Elite Residence
2408 is a two-bedroom apartment of 1,329 sqft on the 24th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 10 August 2022 for AED 1,615,000, or AED 1,214 per sqft, 11% above the AED 1,097 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 6 October 2023, is AED 128,000 a year: a gross yield of 7.9% on the 2022 price, before the service charge of about AED 17,400 a year.
Sales and rents for 2408 over time
2408 has sold 5 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 2408 sits
All 198 2-beds →2408 last sold in August 2022 at AED 1,214 per sqft, 11% above what two-beds in Elite Residence were fetching at the time (AED 1,097). 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. 2408's AED 128,000 is in the lower half 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 24th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 1-bed | 960 sqft | AED 2.1MAED 2,100,000 · Aug 2024August 2024 | 105,000 /yr | |
| 2402 | 2-bed | 1,329 sqft | AED 2.12MAED 2,117,500 · Dec 2015December 2015 | 137,000 /yr | |
| 2403 | 1-bed | 801 sqft | AED 2.1MAED 2,100,000 · Feb 2024February 2024 | 82,500 /yr | |
| 2404 | 1-bed | 802 sqft | AED 1.09MAED 1,090,000 · Feb 2022February 2022 | 165,000 /yr | |
| 2405 | 2-bed | 1,329 sqft | AED 2.61MAED 2,605,082 · Oct 2013October 2013 | 88,000 /yr | |
| 2406 | 1-bed | 960 sqft | AED 1.3MAED 1,302,249 · Oct 2012October 2012 | 84,000 /yr | |
| 2407 | 1-bed | 960 sqft | AED 1.3MAED 1,302,249 · Oct 2012October 2012 | ||
| 2409 | 1-bed | 737 sqft | AED 1.33MAED 1,330,000 · Aug 2014August 2014 | 95,000 /yr | |
| 2410 | 1-bed | 737 sqft | AED 1.13MAED 1,125,000 · Apr 2017April 2017 | 60,000 /yr | |
| 2411 | 2-bed | 1,329 sqft | AED 1.8MAED 1,800,000 · Jan 2025January 2025 | 115,000 /yr | |
| 2412 | 1-bed | 960 sqft | AED 1.3MAED 1,302,638 · Jan 2013January 2013 | 95,000 /yr |
2408, Elite Residence in numbers
- Sold 5 times: first on 9 June 2013 for AED 1,320,000, last on 10 August 2022 for AED 1,615,000 (AED 1,214 per sqft).
- Rented since September 2013 on 8 Ejari contracts. The rent fell from AED 115,000 to AED 85,000 in 2020 and recovered to AED 128,000 by October 2023.
- At AED 128,000 a year the gross yield on the 2022 price is 7.9%, 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 6 October 2023.
Questions about 2408, Elite Residence
What did unit 2408 last sell for?
AED 1,615,000 on 10 August 2022: AED 1,214 per sqft for 1,329 sqft. The unit has 5 registered sales; the first was AED 1,320,000 in June 2013.
What is the rent for unit 2408?
AED 128,000 a year on the contract signed on 6 October 2023. The previous contract, from August 2022, was AED 108,000; the unit has been rented since September 2013.
How big is unit 2408?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 24th floor of a 83-storey tower completed in 2012.
What is unit 2408 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 2408, Elite Residence
Starts from the last sale price (AED 1.62M, 10 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,615,000
- Deposit, UAE resident (20%)
- AED 323,000
- Deposit, non-resident (40%)
- AED 646,000
- Monthly over 25 years at 3.7%
- AED 6,607
Plus AED 72,840 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →