1-bed · 801 sqftElite Residence, Dubai Marina · 25th floor · completed 2012

2503, Elite Residence

Sold prices and rental history: sold 4 times, last in February 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2503 · DLD and Ejari recordsUpdated 3 February 2015
Last soldAED 1.85M3 February 2015
Current rentAED 80K /yr3 February 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2503, Elite Residence

What is 2503 worth today?

Last sold for AED 1,850,000 in 2015

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3 Feb 2015SoldReady
AED 1,850,000AED 2,308 per sqft
3 Feb 2014RentedNew contract
AED 80,000/yr9 months · AED 100 per sqft
8 Jul 2013SoldReady
AED 1,153,000AED 1,438 per sqft
3 Feb 2013RentedNew contract
AED 80,000/yr12 months · AED 100 per sqft
7 Nov 2012SoldReady
AED 1,579,413AED 1,970 per sqft
12 Aug 2009Sold by developerOff-plan
AED 1,579,413AED 1,970 per sqft

Source: Dubai Land Department. Updated 3 February 2015.

Key facts

Type
1-bed apartment
Size
801 sqft
Floor
25th of 83
Parking
P3-16
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 1.85M · February 2015

About 2503, Elite Residence

2503 is a one-bedroom apartment of 801 sqft on the 25th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 3 February 2015 for AED 1,850,000, or AED 2,308 per sqft, 31% above the AED 1,764 one-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 3 February 2014, is AED 80,000 a year: a gross yield of 4.3% on the 2015 price, before the service charge of about AED 10,500 a year.

Sales and rents for 2503 over time

Sales
Unit 2503, each saleTypical one-bed in Elite Residence
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,331,420; 2010 AED 1,311,618; 2011 AED 864,286; 2012 AED 1,236,138; 2013 AED 1,234,659; 2014 AED 1,440,000; 2015 AED 1,162,500; 2016 AED 1,252,011; 2017 AED 1,180,000; 2018 AED 1,070,000; 2019 AED 850,000; 2020 AED 750,000; 2021 AED 750,000; 2022 AED 980,000; 2023 AED 1,172,344; 2024 AED 1,285,000; 2025 AED 1,312,500; 2026 AED 1,240,000Sold by developer, August 2009: AED 1,579,413 (AED 1,970 per sqft)Sold, November 2012: AED 1,579,413 (AED 1,970 per sqft)Sold, July 2013: AED 1,153,000 (AED 1,438 per sqft)Sold, February 2015: AED 1,850,000 (AED 2,308 per sqft)

2503 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2503, each contractTypical one-bed in Elite Residence
60K80K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 80,000; 2014 AED 91,042; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 90,750; 2018 AED 80,000; 2019 AED 70,000; 2020 AED 57,000; 2021 AED 55,000; 2022 AED 66,000; 2023 AED 75,000; 2024 AED 85,000; 2025 AED 90,000; 2026 AED 82,000New contract, February 2013: AED 80,000 a yearNew contract, February 2014: AED 80,000 a year

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 2503 sits

All 416 1-beds →

2503 last sold in February 2015 at AED 2,308 per sqft, 31% above what one-beds in Elite Residence were fetching at the time (AED 1,764). Over the last 12 months one-beds sold for AED 1,065,000 to 1,530,677, around AED 1,547 per sqft, and rent for AED 36,725 to 159,000 a year. 2503's AED 80,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Nov 20261,400,000
2 Nov 20261,250,000
16 Oct 20261,160,000
7 Oct 20261,530,677
20 1-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. 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%
Elite Residence, Dubai Marina: prices, sales and rents →

Other units on the 25th floor

All 697 units in Elite Residence
Value
25011-bedAED 935K · Feb 2013
25022-bedAED 1.46M · Oct 2012
25041-bedAED 2M · May 2014
25052-bedAED 1.7M · Nov 2012
25061-bedAED 1.59M · May 2025
25071-bedAED 1.31M · Jan 2013
25082-bedAED 2M · Oct 2026
1–7 of 11

2503, Elite Residence in numbers

  • Sold 4 times: first on 12 August 2009 for AED 1,579,413, last on 3 February 2015 for AED 1,850,000 (AED 2,308 per sqft).
  • Rented since February 2013 on 2 Ejari contracts, at AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2015 price is 4.3%, before a service charge of about AED 10,500 a year (AED 13.10 per sqft).
  • One-beds in Elite Residence sold for AED 1,065,000–1,530,677 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 3 February 2015.

Questions about 2503, Elite Residence

What did unit 2503 last sell for?

AED 1,850,000 on 3 February 2015: AED 2,308 per sqft for 801 sqft. The unit has 4 registered sales; the first was AED 1,579,413 in August 2009.

What is the rent for unit 2503?

AED 80,000 a year on the contract signed on 3 February 2014. The previous contract, from February 2013, was AED 80,000.

How big is unit 2503?

801 sqft (74.4 sqm): a one-bedroom apartment on the 25th floor of a 83-storey tower completed in 2012.

What is unit 2503 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 1,065,000 to 1,530,677 in the last 12 months, around AED 1,547 per sqft.

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Mortgage on 2503, Elite Residence

Starts from the last sale price (AED 1.85M, 3 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →