2-bed · 1,330 sqftElite Residence, Dubai Marina · 43rd floor · completed 2012

4305, Elite Residence

Sold prices and rental history: sold 3 times, last in May 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4305 · DLD and Ejari recordsUpdated 13 June 2021
Last soldAED 2.08M5 May 2013
Current rentAED 83K /yr13 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4305, Elite Residence

What is 4305 worth today?

Last sold for AED 2,080,000 in 2013

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13 Jun 2021RentedNew contract
AED 83,000/yr12 months · AED 62 per sqft
1 Apr 2019RentedNew contract
AED 105,000/yr12 months · AED 79 per sqft
21 Jan 2016RentedNew contract
AED 139,000/yr12 months · AED 104 per sqft
1 Nov 2014RentedNew contract
AED 145,000/yr12 months · AED 109 per sqft
1 Nov 2013RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
5 May 2013SoldReady
AED 2,080,000AED 1,563 per sqft
16 Jan 2013SoldReady
AED 2,669,303AED 2,006 per sqft
10 Aug 2009Sold by developerOff-plan
AED 2,669,303AED 2,006 per sqft

Source: Dubai Land Department. Updated 13 June 2021.

Key facts

Type
2-bed apartment
Size
1,330 sqft
Floor
43rd of 83
Parking
P2-78
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 2.08M · May 2013

About 4305, Elite Residence

4305 is a two-bedroom apartment of 1,330 sqft on the 43rd floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 5 May 2013 for AED 2,080,000, or AED 1,563 per sqft, 4% above the AED 1,503 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 13 June 2021, is AED 83,000 a year: a gross yield of 4.0% on the 2013 price, before the service charge of about AED 17,400 a year.

Sales and rents for 4305 over time

Sales
Unit 4305, 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, August 2009: AED 2,669,303 (AED 2,006 per sqft)Sold, January 2013: AED 2,669,303 (AED 2,006 per sqft)Sold, May 2013: AED 2,080,000 (AED 1,563 per sqft)

4305 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4305, 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, November 2013: AED 130,000 a yearNew contract, November 2014: AED 145,000 a yearNew contract, January 2016: AED 139,000 a yearNew contract, April 2019: AED 105,000 a yearNew contract, June 2021: AED 83,000 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 4305 sits

All 198 2-beds →

4305 last sold in May 2013 at AED 1,563 per sqft, 4% 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. 4305's AED 83,000 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 43rd floor

All 697 units in Elite Residence
Value
43011-bedAED 1.36M · Oct 2012
43022-bedAED 2.05M · May 2024
43031-bedAED 1.65M · Apr 2013
43041-bedAED 1.61M · Feb 2013
43061-bedAED 1.45M · Apr 2024
43071-bedAED 1.36M · Oct 2012
43082-bedAED 1.28M · Sep 2018
1–7 of 11

4305, Elite Residence in numbers

  • Sold 3 times: first on 10 August 2009 for AED 2,669,303, last on 5 May 2013 for AED 2,080,000 (AED 1,563 per sqft).
  • Rented since November 2013 on 5 Ejari contracts, from AED 130,000 to AED 83,000 a year.
  • At AED 83,000 a year the gross yield on the 2013 price is 4.0%, 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 13 June 2021.

Questions about 4305, Elite Residence

What did unit 4305 last sell for?

AED 2,080,000 on 5 May 2013: AED 1,563 per sqft for 1,330 sqft. The unit has 3 registered sales; the first was AED 2,669,303 in August 2009.

What is the rent for unit 4305?

AED 83,000 a year on the contract signed on 13 June 2021. The previous contract, from April 2019, was AED 105,000; the unit has been rented since November 2013.

How big is unit 4305?

1,330 sqft (123.6 sqm): a two-bedroom apartment on the 43rd floor of a 83-storey tower completed in 2012.

What is unit 4305 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 4305, Elite Residence

Starts from the last sale price (AED 2.08M, 5 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,080,000
Deposit, UAE resident (20%)
AED 416,000
Deposit, non-resident (40%)
AED 832,000
Monthly over 25 years at 3.7%
AED 8,510

Plus AED 92,370 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →