1-bed · 802 sqftElite Residence, Dubai Marina · 28th floor · completed 2012

2804, Elite Residence

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2804 · DLD and Ejari recordsUpdated 31 May 2024
Last soldAED 1.59M25 December 2012
Current rentAED 80K /yr31 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2804, Elite Residence

What is 2804 worth today?

Last sold for AED 1,590,749 in 2012

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31 May 2024RentedRenewal
AED 80,000/yr12 months · AED 100 per sqft
31 May 2023RentedRenewal
AED 71,400/yr12 months · AED 89 per sqft
31 May 2022RentedRenewal
AED 68,000/yr12 months · AED 85 per sqft
31 May 2020RentedRenewal
AED 70,000/yr12 months · AED 87 per sqft
31 May 2019RentedNew contract
AED 80,000/yr12 months · AED 100 per sqft
31 May 2018RentedNew contract
AED 100,000/yr12 months · AED 125 per sqft
31 May 2017RentedNew contract
AED 100,000/yr12 months · AED 125 per sqft
20 Mar 2016RentedRenewal
AED 115,000/yr12 months · AED 142 per sqft

Source: Dubai Land Department. Updated 31 May 2024.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
28th of 83
Parking
B3-18
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 1.59M · December 2012

About 2804, Elite Residence

2804 is a one-bedroom apartment of 802 sqft on the 28th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 25 December 2012 for AED 1,590,749, or AED 1,983 per sqft, 50% above the AED 1,321 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 31 May 2024, is AED 80,000 a year: a gross yield of 5.0% on the 2012 price, before the service charge of about AED 10,500 a year.

Sales and rents for 2804 over time

Sales
Unit 2804, each saleTypical one-bed in Elite Residence
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,334,628; 2010 AED 1,382,752; 2011 AED 864,286; 2012 AED 1,244,522; 2013 AED 1,250,000; 2014 AED 1,435,000; 2015 AED 1,225,000; 2016 AED 1,250,000; 2017 AED 1,190,000; 2018 AED 1,070,000; 2019 AED 845,285; 2020 AED 750,000; 2021 AED 749,500; 2022 AED 980,000; 2023 AED 1,177,500; 2024 AED 1,285,000; 2025 AED 1,270,000; 2026 AED 1,230,000Sold by developer, August 2009: AED 1,590,749 (AED 1,983 per sqft)Sold, December 2012: AED 1,590,749 (AED 1,983 per sqft)

2804 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2804, each contractTypical one-bed in Elite Residence
50K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 80,000; 2014 AED 92,000; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 92,400; 2018 AED 80,000; 2019 AED 70,000; 2020 AED 56,500; 2021 AED 55,000; 2022 AED 66,000; 2023 AED 77,000; 2024 AED 84,350; 2025 AED 90,000; 2026 AED 92,500New contract, March 2014: AED 115,000 a yearNew contract, March 2015: AED 115,000 a yearRenewal, March 2016: AED 115,000 a yearNew contract, May 2017: AED 100,000 a yearNew contract, May 2018: AED 100,000 a yearNew contract, May 2019: AED 80,000 a yearRenewal, May 2020: AED 70,000 a yearRenewal, May 2022: AED 68,000 a yearRenewal, May 2023: AED 71,400 a yearRenewal, May 2024: AED 80,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Residence, and where 2804 sits

All 398 1-beds →

2804 last sold in December 2012 at AED 1,983 per sqft, 50% above what one-beds in Elite Residence were fetching at the time (AED 1,321). Over the last 12 months one-beds sold for AED 1,190,000 to 1,450,000, around AED 1,615 per sqft, and rent for AED 36,725 to 137,000 a year. 2804's AED 80,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jan 20261,190,000
9 Jan 20261,230,000
6 Jan 20261,346,497
19 Dec 20251,450,000
5 1-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 28th floor

All 697 units in Elite Residence
Value
28011-bedAED 749K · Jan 2021
28022-bedAED 1.8M · Oct 2016
28031-bedAED 1M · Jan 2022
28052-bedAED 2.6M · Dec 2012
28061-bedAED 1.55M · Oct 2014
28071-bedAED 1.18M · Oct 2016
28082-bedAED 1.86M · Oct 2014
1–7 of 11

2804, Elite Residence in numbers

  • Sold twice: first on 9 August 2009 for AED 1,590,749, last on 25 December 2012 for AED 1,590,749 (AED 1,983 per sqft).
  • Rented since March 2014 on 10 Ejari contracts. The rent fell from AED 115,000 to AED 68,000 in 2022 and recovered to AED 80,000 by May 2024.
  • At AED 80,000 a year the gross yield on the 2012 price is 5.0%, before a service charge of about AED 10,500 a year (AED 13.10 per sqft).
  • One-beds in Elite Residence sold for AED 1,190,000–1,450,000 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 31 May 2024.

Questions about 2804, Elite Residence

What did unit 2804 last sell for?

AED 1,590,749 on 25 December 2012: AED 1,983 per sqft for 802 sqft. The unit has 2 registered sales; the first was AED 1,590,749 in August 2009.

What is the rent for unit 2804?

AED 80,000 a year on the contract renewed on 31 May 2024. The previous contract, from May 2023, was AED 71,400; the unit has been rented since March 2014.

How big is unit 2804?

802 sqft (74.5 sqm): a one-bedroom apartment on the 28th floor of a 83-storey tower completed in 2012.

What is unit 2804 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Residence sold for AED 1,190,000 to 1,450,000 in the last 12 months, around AED 1,615 per sqft.

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Mortgage on 2804, Elite Residence

Starts from the last sale price (AED 1.59M, 25 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,590,749
Deposit, UAE resident (20%)
AED 318,150
Deposit, non-resident (40%)
AED 636,300
Monthly over 25 years at 3.7%
AED 6,508

Plus AED 71,821 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →