2-bed · 1,329 sqftElite Residence, Dubai Marina · 27th floor · completed 2012

2711, Elite Residence

Sold prices and rental history: sold 5 times, last in November 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2711 · DLD and Ejari recordsUpdated 18 November 2024
Last soldAED 2M26 November 2013
Current rentAED 120K /yr18 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2711, Elite Residence

What is 2711 worth today?

Last sold for AED 2,000,000 in 2013

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18 Nov 2024RentedRenewal
AED 120,000/yr12 months · AED 90 per sqft
18 Nov 2023RentedRenewal
AED 110,000/yr12 months · AED 82 per sqft
18 Nov 2022RentedNew contract
AED 105,000/yr12 months · AED 79 per sqft
19 Jan 2021RentedNew contract
AED 60,000/yr12 months · AED 45 per sqft
9 May 2019RentedNew contract
AED 75,000/yr12 months · AED 56 per sqft
1 Feb 2018RentedRenewal
AED 125,000/yr12 months · AED 94 per sqft
1 Feb 2017RentedNew contract
AED 125,000/yr12 months · AED 94 per sqft
20 Dec 2015RentedNew contract
AED 132,000/yr12 months · AED 99 per sqft

Source: Dubai Land Department. Updated 18 November 2024.

Key facts

Type
2-bed apartment
Size
1,329 sqft
Floor
27th of 83
Parking
B3-47
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 2M · November 2013

About 2711, Elite Residence

2711 is a two-bedroom apartment of 1,329 sqft on the 27th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 26 November 2013 for AED 2,000,000, or AED 1,504 per sqft, in line with the AED 1,504 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, renewed on 18 November 2024, is AED 120,000 a year: a gross yield of 6.0% on the 2013 price, before the service charge of about AED 17,400 a year.

Sales and rents for 2711 over time

Sales
Unit 2711, 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, June 2012: AED 1,276,324 (AED 960 per sqft)Sold, December 2012: AED 1,276,324 (AED 960 per sqft)Sold, March 2013: AED 1,350,000 (AED 1,015 per sqft)Sold, May 2013: AED 1,540,000 (AED 1,158 per sqft)Sold, November 2013: AED 2,000,000 (AED 1,504 per sqft)

2711 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2711, each contractTypical two-bed in Elite Residence
50K100K150K2012201620202024Typical 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, March 2015: AED 145,000 a yearNew contract, December 2015: AED 132,000 a yearNew contract, February 2017: AED 125,000 a yearRenewal, February 2018: AED 125,000 a yearNew contract, May 2019: AED 75,000 a yearNew contract, January 2021: AED 60,000 a yearNew contract, November 2022: AED 105,000 a yearRenewal, November 2023: AED 110,000 a yearRenewal, November 2024: AED 120,000 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 2711 sits

All 198 2-beds →

2711 last sold in November 2013 at AED 1,504 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 1,504). 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. 2711's AED 120,000 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 27th floor

All 697 units in Elite Residence
Value
27011-bedAED 914K · Jul 2022
2702AED 1.85M · Oct 2025
27031-bedAED 1.53M · Jul 2025
27041-bedAED 1.45M · Feb 2025
27052-bedAED 1.9M · Nov 2015
27061-bedAED 1.25M · Nov 2022
27071-bedAED 1.27M · Dec 2024
1–7 of 11

2711, Elite Residence in numbers

  • Sold 5 times: first on 12 June 2012 for AED 1,276,324, last on 26 November 2013 for AED 2,000,000 (AED 1,504 per sqft).
  • Rented since March 2015 on 9 Ejari contracts. The rent fell from AED 145,000 to AED 60,000 in 2021 and recovered to AED 120,000 by November 2024.
  • At AED 120,000 a year the gross yield on the 2013 price is 6.0%, 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 18 November 2024.

Questions about 2711, Elite Residence

What did unit 2711 last sell for?

AED 2,000,000 on 26 November 2013: AED 1,504 per sqft for 1,329 sqft. The unit has 5 registered sales; the first was AED 1,276,324 in June 2012.

What is the rent for unit 2711?

AED 120,000 a year on the contract renewed on 18 November 2024. The previous contract, from November 2023, was AED 110,000; the unit has been rented since March 2015.

How big is unit 2711?

1,329 sqft (123.5 sqm): a two-bedroom apartment on the 27th floor of a 83-storey tower completed in 2012.

What is unit 2711 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 2711, Elite Residence

Starts from the last sale price (AED 2M, 26 November 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →