2-bed · 1,331 sqftElite Residence, Dubai Marina · 57th floor · completed 2012

5711, Elite Residence

Sold prices and rental history: sold twice, last in June 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5711 · DLD and Ejari recordsUpdated 25 January 2023
Last soldAED 1.63M14 June 2016
Current rentAED 93K /yr25 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5711, Elite Residence

What is 5711 worth today?

Last sold for AED 1,630,000 in 2016

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25 Jan 2023RentedRenewal
AED 93,213/yr10 months · AED 70 per sqft
25 Jan 2022RentedRenewal
AED 85,000/yr12 months · AED 64 per sqft
15 Dec 2020RentedNew contract
AED 75,000/yr12 months · AED 56 per sqft
1 Nov 2019RentedNew contract
AED 85,000/yr12 months · AED 64 per sqft
30 Aug 2018RentedRenewal
AED 100,000/yr12 months · AED 75 per sqft
30 Aug 2017RentedRenewal
AED 120,000/yr12 months · AED 90 per sqft
30 Aug 2016RentedNew contract
AED 120,000/yr12 months · AED 90 per sqft
14 Jun 2016SoldReady
AED 1,630,000AED 1,225 per sqft

Source: Dubai Land Department. Updated 25 January 2023.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
57th of 83
Parking
B1-12
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.63M · June 2016

About 5711, Elite Residence

5711 is a two-bedroom apartment of 1,331 sqft on the 57th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 14 June 2016 for AED 1,630,000, or AED 1,225 per sqft, in line with the AED 1,224 two-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, renewed on 25 January 2023, is AED 93,213 a year: a gross yield of 5.7% on the 2016 price, before the service charge of about AED 17,400 a year.

Sales and rents for 5711 over time

Sales
Unit 5711, 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, June 2016: AED 1,630,000 (AED 1,225 per sqft)Sold by developer, June 2016: AED 1,463,583 (AED 1,099 per sqft)

5711 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5711, each contractTypical two-bed in Elite Residence
100K2012201620202024Typical 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, August 2016: AED 120,000 a yearRenewal, August 2017: AED 120,000 a yearRenewal, August 2018: AED 100,000 a yearNew contract, November 2019: AED 85,000 a yearNew contract, December 2020: AED 75,000 a yearRenewal, January 2022: AED 85,000 a yearRenewal, January 2023: AED 93,213 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 5711 sits

All 198 2-beds →

5711 last sold in June 2016 at AED 1,225 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 1,224). 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. 5711's AED 93,213 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 57th floor

All 697 units in Elite Residence
Value
57011-bedAED 1.3M · Jun 2016
57022-bedAED 2.1M · Jun 2016
57031-bedAED 1.45M · Jun 2016
57041-bedAED 1.45M · Jun 2016
57052-bedAED 2.25M · Mar 2025
57061-bedAED 1.3M · Jul 2016
57071-bedAED 1.3M · Jul 2016
1–7 of 11

5711, Elite Residence in numbers

  • Sold twice: first on 7 June 2016 for AED 1,463,583, last on 14 June 2016 for AED 1,630,000 (AED 1,225 per sqft).
  • Rented since August 2016 on 7 Ejari contracts. The rent fell from AED 120,000 to AED 75,000 in 2020 and recovered to AED 93,213 by January 2023.
  • At AED 93,213 a year the gross yield on the 2016 price is 5.7%, 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 25 January 2023.

Questions about 5711, Elite Residence

What did unit 5711 last sell for?

AED 1,630,000 on 14 June 2016: AED 1,225 per sqft for 1,331 sqft. The unit has 2 registered sales; the first was AED 1,463,583 in June 2016.

What is the rent for unit 5711?

AED 93,213 a year on the contract renewed on 25 January 2023. The previous contract, from January 2022, was AED 85,000; the unit has been rented since August 2016.

How big is unit 5711?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 57th floor of a 83-storey tower completed in 2012.

What is unit 5711 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 5711, Elite Residence

Starts from the last sale price (AED 1.63M, 14 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,630,000
Deposit, UAE resident (20%)
AED 326,000
Deposit, non-resident (40%)
AED 652,000
Monthly over 25 years at 3.7%
AED 6,669

Plus AED 73,470 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →