5603, Elite Residence
Sold prices and rental history: sold 3 times, last in June 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5603, Elite Residence
What is 5603 worth today?
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Source: Dubai Land Department. Updated 20 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 801 sqft
- Floor
- 56th of 83
- Parking
- P1-68
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 10,500 /yr
- Last sold
- AED 1.35M · June 2024
- Building
- Elite Residence
About 5603, Elite Residence
5603 is a one-bedroom apartment of 801 sqft on the 56th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 20 June 2024 for AED 1,350,000, or AED 1,684 per sqft, 13% above the AED 1,493 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 16 May 2024, is AED 84,000 a year: a gross yield of 6.2% on the 2024 price, before the service charge of about AED 10,500 a year.
Sales and rents for 5603 over time
5603 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 5603 sits
All 398 1-beds →5603 last sold in June 2024 at AED 1,684 per sqft, 13% above what one-beds in Elite Residence were fetching at the time (AED 1,493). 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. 5603's AED 84,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Jan 202612 January 2026 | 737 sqft | 1,190,000 | 1,615 | ||
| 9 Jan 20269 January 2026 | 737 sqft | 1,230,000 | 1,669 | ||
| 6 Jan 20266 January 2026 | 960 sqft | 1,346,497 | 1,403 | ||
| 19 Dec 202519 December 2025 | 960 sqft | 1,450,000 | 1,511 |
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 56th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5601 | 1-bed | 960 sqft | AED 1.15MAED 1,150,000 · Dec 2012December 2012 | 95,000 /yr | |
| 5602 | 2-bed | 1,331 sqft | AED 2.05MAED 2,050,000 · Jun 2023June 2023 | 95,000 /yr | |
| 5604 | 1-bed | 802 sqft | AED 1.4MAED 1,400,000 · Jul 2024July 2024 | 105,000 /yr | |
| 5605 | 2-bed | 1,330 sqft | AED 1.99MAED 1,990,000 · Apr 2017April 2017 | 139,875 /yr | |
| 5606 | 1-bed | 960 sqft | AED 1.4MAED 1,400,000 · Dec 2013December 2013 | 78,000 /yr | |
| 5607 | 1-bed | 959 sqft | AED 1.29MAED 1,290,000 · Jun 2024June 2024 | 125,000 /yr | |
| 5608 | 2-bed | 1,331 sqft | AED 1.81MAED 1,810,000 · Dec 2024December 2024 | ||
| 5609 | 1-bed | 737 sqft | AED 1.2MAED 1,200,000 · Aug 2013August 2013 | 100,000 /yr | |
| 5610 | 1-bed | 737 sqft | AED 1.5MAED 1,495,000 · Aug 2014August 2014 | 85,000 /yr | |
| 5611 | 2-bed | 1,331 sqft | AED 1.63MAED 1,626,563 · Dec 2012December 2012 | 89,000 /yr | |
| 5612 | 960 sqft | AED 1.15MAED 1,150,000 · Jan 2013January 2013 | 90,000 /yr |
5603, Elite Residence in numbers
- Sold 3 times: first on 22 March 2012 for AED 1,096,880, last on 20 June 2024 for AED 1,350,000 (AED 1,684 per sqft).
- Rented since August 2013 on 10 Ejari contracts. The rent fell from AED 90,000 to AED 65,000 in 2022 and recovered to AED 84,000 by May 2024.
- At AED 84,000 a year the gross yield on the 2024 price is 6.2%, 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 20 June 2024.
Questions about 5603, Elite Residence
What did unit 5603 last sell for?
AED 1,350,000 on 20 June 2024: AED 1,684 per sqft for 801 sqft. The unit has 3 registered sales; the first was AED 1,096,880 in March 2012.
What is the rent for unit 5603?
AED 84,000 a year on the contract renewed on 16 May 2024. The previous contract, from May 2023, was AED 80,000; the unit has been rented since August 2013.
How big is unit 5603?
801 sqft (74.4 sqm): a one-bedroom apartment on the 56th floor of a 83-storey tower completed in 2012.
What is unit 5603 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 5603, Elite Residence
Starts from the last sale price (AED 1.35M, 20 June 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,350,000
- Deposit, UAE resident (20%)
- AED 270,000
- Deposit, non-resident (40%)
- AED 540,000
- Monthly over 25 years at 3.7%
- AED 5,523
Plus AED 61,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →