5308, Elite Residence
Sold prices and rental history: sold 5 times, last in May 2018, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5308, Elite Residence
What is 5308 worth today?
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Source: Dubai Land Department. Updated 20 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,331 sqft
- Floor
- 53rd of 83
- Parking
- B1-70
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.6M · May 2018
- Building
- Elite Residence
About 5308, Elite Residence
5308 is a two-bedroom apartment of 1,331 sqft on the 53rd floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 14 May 2018 for AED 1,600,000, or AED 1,202 per sqft, in line with the AED 1,175 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, signed on 20 November 2024, is AED 130,000 a year: a gross yield of 8.1% on the 2018 price, before the service charge of about AED 17,400 a year.
Sales and rents for 5308 over time
5308 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 5308 sits
All 198 2-beds →5308 last sold in May 2018 at AED 1,202 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 1,175). 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. 5308's AED 130,000 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 53rd floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5301 | 1-bed | 960 sqft | AED 1.2MAED 1,200,000 · Oct 2024October 2024 | 68,776 /yr | |
| 5302 | 2-bed | 1,331 sqft | AED 1.85MAED 1,850,000 · Nov 2017November 2017 | 120,120 /yr | |
| 5303 | 1-bed | 801 sqft | AED 2.08MAED 2,075,000 · May 2014May 2014 | 80,000 /yr | |
| 5304 | 1-bed | 802 sqft | AED 800KAED 800,000 · Aug 2020August 2020 | 60,000 /yr | |
| 5305 | 2-bed | 1,330 sqft | AED 2.39MAED 2,390,000 · Nov 2013November 2013 | 150,000 /yr | |
| 5306 | 1-bed | 960 sqft | AED 1.5MAED 1,500,000 · Feb 2014February 2014 | 48,000 /yr | |
| 5307 | 1-bed | 959 sqft | AED 1.17MAED 1,167,000 · Nov 2024November 2024 | 90,000 /yr | |
| 5309 | 1-bed | 737 sqft | AED 1.24MAED 1,236,044 · Jan 2013January 2013 | 85,000 /yr | |
| 5310 | 1-bed | 737 sqft | AED 1.11MAED 1,110,000 · Dec 2015December 2015 | 110,000 /yr | |
| 5311 | 2-bed | 1,331 sqft | AED 1.04MAED 1,044,844 · Nov 2012November 2012 | ||
| 5312 | 1-bed | 960 sqft | AED 1.45MAED 1,450,000 · Dec 2025December 2025 | 90,000 /yr |
5308, Elite Residence in numbers
- Sold 5 times: first on 10 July 2008 for AED 2,089,688, last on 14 May 2018 for AED 1,600,000 (AED 1,202 per sqft).
- Rented since August 2017 on 5 Ejari contracts. The rent fell from AED 120,000 to AED 105,000 in 2024 and recovered to AED 130,000 by November 2024.
- At AED 130,000 a year the gross yield on the 2018 price is 8.1%, 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 20 November 2024.
Questions about 5308, Elite Residence
What did unit 5308 last sell for?
AED 1,600,000 on 14 May 2018: AED 1,202 per sqft for 1,331 sqft. The unit has 5 registered sales; the first was AED 2,089,688 in July 2008.
What is the rent for unit 5308?
AED 130,000 a year on the contract signed on 20 November 2024. The previous contract, from January 2024, was AED 105,000; the unit has been rented since August 2017.
How big is unit 5308?
1,331 sqft (123.7 sqm): a two-bedroom apartment on the 53rd floor of a 83-storey tower completed in 2012.
What is unit 5308 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 5308, Elite Residence
Starts from the last sale price (AED 1.6M, 14 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus AED 72,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →