1508, Elite Residence
Sold prices and rental history: sold 3 times, last in October 2014, 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 1508, Elite Residence
What is 1508 worth today?
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Source: Dubai Land Department. Updated 17 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,329 sqft
- Floor
- 15th of 83
- Parking
- P4-60
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.82M · October 2014
- Building
- Elite Residence
About 1508, Elite Residence
1508 is a two-bedroom apartment of 1,329 sqft on the 15th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 30 October 2014 for AED 1,821,415, or AED 1,370 per sqft, 16% below the AED 1,625 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 17 August 2026, is AED 110,000 a year: a gross yield of 6.0% on the 2014 price, before the service charge of about AED 17,400 a year.
Sales and rents for 1508 over time
1508 has sold 3 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 1508 sits
All 208 2-beds →1508 last sold in October 2014 at AED 1,370 per sqft, 16% below what two-beds in Elite Residence were fetching at the time (AED 1,625). 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. 1508's AED 110,000 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 15th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 1-bed | 960 sqft | AED 1.22MAED 1,224,379 · Aug 2012August 2012 | 95,000 /yr | |
| 1502 | 2-bed | 1,329 sqft | AED 1MAED 1,000,000 · Nov 2012November 2012 | 150,000 /yr | |
| 1503 | 1-bed | 801 sqft | AED 1.33MAED 1,325,000 · Aug 2024August 2024 | 90,000 /yr | |
| 1504 | 1-bed | 802 sqft | AED 840KAED 840,000 · May 2021May 2021 | 90,000 /yr | |
| 1505 | 2-bed | 1,329 sqft | AED 2.55MAED 2,548,858 · Oct 2012October 2012 | 115,385 /yr | |
| 1506 | 1-bed | 960 sqft | AED 1.35MAED 1,350,000 · Nov 2013November 2013 | 84,000 /yr | |
| 1507 | 1-bed | 960 sqft | AED 1MAED 1,000,000 · May 2013May 2013 | 126,000 /yr | |
| 1509 | 1-bed | 737 sqft | AED 1.13MAED 1,130,731 · Dec 2012December 2012 | 82,000 /yr | |
| 1510 | 1-bed | 737 sqft | AED 750KAED 750,000 · Jul 2019July 2019 | 80,000 /yr | |
| 1511 | 2-bed | 1,329 sqft | AED 1.78MAED 1,775,000 · Jan 2014January 2014 | 100,000 /yr | |
| 1512 | 1-bed | 960 sqft | AED 1.27MAED 1,265,000 · May 2025May 2025 | 84,000 /yr |
1508, Elite Residence in numbers
- Sold 3 times: first on 9 August 2009 for AED 2,212,966, last on 30 October 2014 for AED 1,821,415 (AED 1,370 per sqft).
- Rented since August 2013 on 6 Ejari contracts. The rent fell from AED 105,000 to AED 70,000 in 2020 and recovered to AED 110,000 by August 2026.
- At AED 110,000 a year the gross yield on the 2014 price is 6.0%, 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 17 August 2026.
Questions about 1508, Elite Residence
What did unit 1508 last sell for?
AED 1,821,415 on 30 October 2014: AED 1,370 per sqft for 1,329 sqft. The unit has 3 registered sales; the first was AED 2,212,966 in August 2009.
What is the rent for unit 1508?
AED 110,000 a year on the contract signed on 17 August 2026. The previous contract, from April 2020, was AED 70,000; the unit has been rented since August 2013.
How big is unit 1508?
1,329 sqft (123.5 sqm): a two-bedroom apartment on the 15th floor of a 83-storey tower completed in 2012.
What is unit 1508 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 1508, Elite Residence
Starts from the last sale price (AED 1.82M, 30 October 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,821,415
- Deposit, UAE resident (20%)
- AED 364,283
- Deposit, non-resident (40%)
- AED 728,566
- Monthly over 25 years at 3.7%
- AED 7,452
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →