1008, Elite Residence
Sold prices and rental history: sold twice, last in February 2016, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1008, Elite Residence
What is 1008 worth today?
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Source: Dubai Land Department. Updated 20 December 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 10th of 83
- Parking
- P4-17
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.7M · February 2016
- Building
- Elite Residence
About 1008, Elite Residence
1008 is a two-bedroom apartment of 1,329 sqft on the 10th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 9 February 2016 for AED 1,700,000, or AED 1,278 per sqft, in line with the AED 1,259 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, signed on 20 December 2024, is AED 135,000 a year: a gross yield of 7.9% on the 2016 price, before the service charge of about AED 17,400 a year.
Sales and rents for 1008 over time
1008 has sold twice; 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 1008 sits
All 208 2-beds →1008 last sold in February 2016 at AED 1,278 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 1,259). Over the last 12 months two-beds sold for AED 1,800,000 to 2,270,000, around AED 1,417 per sqft, and rent for AED 85,000 to 225,000 a year. 1008's AED 135,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 1,329 sqft | 2,000,000 | 1,504 | ||
| 2 Sep 20262 September 2026 | 1,330 sqft | 2,270,000 | 1,706 | ||
| 8 Jul 20268 July 2026 | 1,330 sqft | 2,060,000 | 1,548 | ||
| 7 Jul 20267 July 2026 | 1,329 sqft | 1,810,000 | 1,362 |
Elite Residence
Building697 apartments, 1-bed to 5-bed over 83 floors in Dubai Marina, completed in 2012 by Tameer Holding Investment. 39 sold in the last 12 months.
- Typical price per sqft
- AED 1,445 Up 1.3%
- Typical sale
- AED 1.53M
- Typical rent
- AED 94K /yr
- Typical yield
- 6.6%
Other units on the 10th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | 1-bed | 200 sqft | AED 104KAED 104,100 · Jul 2021July 2021 | 95,806 /yr | |
| 1002 | 2-bed | 1,329 sqft | AED 2.42MAED 2,419,291 · Sep 2012September 2012 | 121,275 /yr | |
| 1003 | 1-bed | 801 sqft | AED 1.52MAED 1,522,736 · Jul 2013July 2013 | 82,500 /yr | |
| 1004 | 1-bed | 802 sqft | AED 750KAED 750,000 · Dec 2020December 2020 | 57,000 /yr | |
| 1005 | 2-bed | 1,329 sqft | AED 1.95MAED 1,950,000 · Sep 2023September 2023 | 190,000 /yr | |
| 1006 | 1-bed | 960 sqft | AED 1.25MAED 1,250,000 · Apr 2017April 2017 | 77,000 /yr | |
| 1007 | 1-bed | 960 sqft | AED 1.25MAED 1,250,000 · Dec 2023December 2023 | 95,000 /yr | |
| 1009 | 1-bed | 737 sqft | AED 1.15MAED 1,150,000 · Jul 2015July 2015 | 90,000 /yr | |
| 1010 | 1-bed | 737 sqft | AED 1.28MAED 1,275,000 · May 2015May 2015 | 68,000 /yr | |
| 1011 | 2-bed | 1,329 sqft | AED 990KAED 990,000 · Jun 2015June 2015 | 111,320 /yr | |
| 1012 | 1-bed | 960 sqft | AED 980KAED 980,000 · Mar 2013March 2013 | 95,000 /yr |
1008, Elite Residence in numbers
- Sold twice: first on 12 March 2015 for AED 2,200,000, last on 9 February 2016 for AED 1,700,000 (AED 1,278 per sqft).
- Rented since March 2016 on 6 Ejari contracts. The rent fell from AED 129,996 to AED 75,000 in 2021 and recovered to AED 135,000 by December 2024.
- At AED 135,000 a year the gross yield on the 2016 price is 7.9%, before a service charge of about AED 17,400 a year (AED 13.10 per sqft).
- Two-beds in Elite Residence sold for AED 1,800,000–2,270,000 in the 12 months to November 2026; the building's median across all types is AED 1,445 per sqft.
Source: Dubai Land Department. Updated 20 December 2024.
Questions about 1008, Elite Residence
What did unit 1008 last sell for?
AED 1,700,000 on 9 February 2016: AED 1,278 per sqft for 1,329 sqft. The unit has 2 registered sales; the first was AED 2,200,000 in March 2015.
What is the rent for unit 1008?
AED 135,000 a year on the contract signed on 20 December 2024. The previous contract, from December 2024, was AED 135,000; the unit has been rented since March 2016.
How big is unit 1008?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 10th floor of a 83-storey tower completed in 2012.
What is unit 1008 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 1,800,000 to 2,270,000 in the last 12 months, around AED 1,417 per sqft.
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Mortgage on 1008, Elite Residence
Starts from the last sale price (AED 1.7M, 9 February 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →