1208, Elite Residence
Sold prices and rental history: sold 4 times, last in July 2018, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1208, Elite Residence
What is 1208 worth today?
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Source: Dubai Land Department. Updated 20 November 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 12th of 83
- Parking
- P4-40
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.28M · July 2018
- Building
- Elite Residence
About 1208, Elite Residence
1208 is a two-bedroom apartment of 1,329 sqft on the 12th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 17 July 2018 for AED 1,275,000, or AED 959 per sqft, 14% below the AED 1,119 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 20 November 2024, is AED 77,360 a year: a gross yield of 6.1% on the 2018 price, before the service charge of about AED 17,400 a year.
Sales and rents for 1208 over time
1208 has sold 4 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 1208 sits
All 208 2-beds →1208 last sold in July 2018 at AED 959 per sqft, 14% below what two-beds in Elite Residence were fetching at the time (AED 1,119). 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. 1208's AED 77,360 is at the bottom 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 12th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 1-bed | 960 sqft | AED 1.18MAED 1,175,000 · May 2023May 2023 | 84,000 /yr | |
| 1202 | 2-bed | 1,329 sqft | AED 2.53MAED 2,530,116 · Dec 2012December 2012 | 115,000 /yr | |
| 1203 | 1-bed | 801 sqft | AED 1.54MAED 1,535,000 · Jun 2013June 2013 | 80,000 /yr | |
| 1204 | 1-bed | 802 sqft | AED 1.4MAED 1,400,000 · Nov 2024November 2024 | 94,000 /yr | |
| 1205 | 2-bed | 1,329 sqft | AED 1.28MAED 1,280,000 · May 2021May 2021 | 135,000 /yr | |
| 1206 | 1-bed | 960 sqft | AED 1.25MAED 1,250,000 · Feb 2016February 2016 | 80,000 /yr | |
| 1207 | 1-bed | 960 sqft | AED 1.16MAED 1,160,000 · Jun 2013June 2013 | 120,000 /yr | |
| 1209 | 1-bed | 737 sqft | AED 1.12MAED 1,122,417 · Dec 2012December 2012 | 78,702 /yr | |
| 1210 | 1-bed | 737 sqft | AED 1.07MAED 1,065,000 · Sep 2026September 2026 | 75,000 /yr | |
| 1211 | 2-bed | 1,329 sqft | AED 1.87MAED 1,867,000 · Nov 2025November 2025 | 135,000 /yr | |
| 1212 | 1-bed | 960 sqft | AED 1.26MAED 1,264,775 · Dec 2012December 2012 | 65,000 /yr |
1208, Elite Residence in numbers
- Sold 4 times: first on 12 August 2009 for AED 2,092,090, last on 17 July 2018 for AED 1,275,000 (AED 959 per sqft).
- Rented since May 2014 on 11 Ejari contracts. The rent fell from AED 120,000 to AED 60,000 in 2021 and recovered to AED 77,360 by November 2024.
- At AED 77,360 a year the gross yield on the 2018 price is 6.1%, before a service charge of about AED 17,400 a year (AED 13.10 per sqft).
- Two-beds in Elite Residence sold for AED 1,800,000–2,270,000 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 November 2024.
Questions about 1208, Elite Residence
What did unit 1208 last sell for?
AED 1,275,000 on 17 July 2018: AED 959 per sqft for 1,329 sqft. The unit has 4 registered sales; the first was AED 2,092,090 in August 2009.
What is the rent for unit 1208?
AED 77,360 a year on the contract renewed on 20 November 2024. The previous contract, from November 2024, was AED 77,360; the unit has been rented since May 2014.
How big is unit 1208?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 12th floor of a 83-storey tower completed in 2012.
What is unit 1208 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 1208, Elite Residence
Starts from the last sale price (AED 1.28M, 17 July 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,275,000
- Deposit, UAE resident (20%)
- AED 255,000
- Deposit, non-resident (40%)
- AED 510,000
- Monthly over 25 years at 3.7%
- AED 5,216
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →