1-bed · 959 sqftElite Residence, Dubai Marina · 49th floor · completed 2012

4907, Elite Residence

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

Unit 4907 · DLD and Ejari recordsUpdated 25 June 2024
Last soldAED 1.3M26 June 2013
Current rentAED 85K /yr25 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4907, Elite Residence

What is 4907 worth today?

Last sold for AED 1,300,000 in 2013

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25 Jun 2024RentedNew contract
AED 85,000/yr12 months · AED 89 per sqft
1 Mar 2023RentedNew contract
AED 90,000/yr12 months · AED 94 per sqft
1 Mar 2022RentedNew contract
AED 68,000/yr12 months · AED 71 per sqft
1 May 2021RentedRenewal
AED 63,000/yr12 months · AED 66 per sqft
20 Apr 2020RentedNew contract
AED 63,000/yr12 months · AED 66 per sqft
1 Jul 2015RentedNew contract
AED 110,000/yr12 months · AED 115 per sqft
17 Jan 2015RentedNew contract
AED 91,350/yr12 months · AED 95 per sqft
26 Jun 2013SoldReady
AED 1,300,000AED 1,355 per sqft

Source: Dubai Land Department. Updated 25 June 2024.

Key facts

Type
1-bed apartment
Size
959 sqft
Floor
49th of 83
Parking
P2-84
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 1.3M · June 2013

About 4907, Elite Residence

4907 is a one-bedroom apartment of 959 sqft on the 49th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 26 June 2013 for AED 1,300,000, or AED 1,355 per sqft, in line with the AED 1,381 one-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 25 June 2024, is AED 85,000 a year: a gross yield of 6.5% on the 2013 price, before the service charge of about AED 12,600 a year.

Sales and rents for 4907 over time

Sales
Unit 4907, 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 1,380,322 (AED 1,438 per sqft)Sold, September 2012: AED 1,380,322 (AED 1,438 per sqft)Sold, June 2013: AED 1,300,000 (AED 1,355 per sqft)

4907 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4907, each contractTypical one-bed in Elite Residence
50K75K100K2012201620202024Typical 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, January 2013: AED 75,000 a yearNew contract, January 2015: AED 91,350 a yearNew contract, July 2015: AED 110,000 a yearNew contract, April 2020: AED 63,000 a yearRenewal, May 2021: AED 63,000 a yearNew contract, March 2022: AED 68,000 a yearNew contract, March 2023: AED 90,000 a yearNew contract, June 2024: AED 85,000 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 4907 sits

All 398 1-beds →

4907 last sold in June 2013 at AED 1,355 per sqft, in line with what one-beds in Elite Residence were fetching at the time (AED 1,381). 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. 4907's AED 85,000 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 49th floor

All 697 units in Elite Residence
Value
49011-bedAED 2.3M · Aug 2024
49022-bedAED 1.8M · Jul 2018
49031-bedAED 1.7M · Feb 2024
49041-bedAED 1.35M · Mar 2013
49052-bedAED 2M · Feb 2013
49061-bedAED 1.14M · Oct 2015
49082-bedAED 1.64M · Dec 2012
1–7 of 11

4907, Elite Residence in numbers

  • Sold 3 times: first on 10 August 2009 for AED 1,380,322, last on 26 June 2013 for AED 1,300,000 (AED 1,355 per sqft).
  • Rented since January 2013 on 8 Ejari contracts. The rent fell from AED 75,000 to AED 63,000 in 2021 and recovered to AED 85,000 by June 2024.
  • At AED 85,000 a year the gross yield on the 2013 price is 6.5%, before a service charge of about AED 12,600 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 25 June 2024.

Questions about 4907, Elite Residence

What did unit 4907 last sell for?

AED 1,300,000 on 26 June 2013: AED 1,355 per sqft for 959 sqft. The unit has 3 registered sales; the first was AED 1,380,322 in August 2009.

What is the rent for unit 4907?

AED 85,000 a year on the contract signed on 25 June 2024. The previous contract, from March 2023, was AED 90,000; the unit has been rented since January 2013.

How big is unit 4907?

959 sqft (89.1 sqm): a one-bedroom apartment on the 49th floor of a 83-storey tower completed in 2012.

What is unit 4907 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 4907, Elite Residence

Starts from the last sale price (AED 1.3M, 26 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,300,000
Deposit, UAE resident (20%)
AED 260,000
Deposit, non-resident (40%)
AED 520,000
Monthly over 25 years at 3.7%
AED 5,319

Plus AED 59,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →