1-bed · 802 sqftElite Residence, Dubai Marina · 25th floor · completed 2012

2504, Elite Residence

Sold prices and rental history: sold 4 times, last in May 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2504 · DLD and Ejari recordsUpdated 5 April 2023
Last soldAED 2M18 May 2014
Current rentAED 100K /yr5 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2504, Elite Residence

What is 2504 worth today?

Last sold for AED 2,000,000 in 2014

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5 Apr 2023RentedNew contract
AED 100,000/yr12 months · AED 124 per sqft
1 May 2019RentedNew contract
AED 78,000/yr12 months · AED 97 per sqft
1 Sep 2018RentedRenewal
AED 115,000/yr12 months · AED 142 per sqft
1 Sep 2017RentedRenewal
AED 115,000/yr12 months · AED 142 per sqft
1 Sep 2016RentedRenewal
AED 130,000/yr12 months · AED 161 per sqft
1 Sep 2015RentedRenewal
AED 130,000/yr12 months · AED 161 per sqft
1 Sep 2014RentedNew contract
AED 130,000/yr12 months · AED 161 per sqft
18 May 2014SoldReady
AED 2,000,000AED 2,494 per sqft

Source: Dubai Land Department. Updated 5 April 2023.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
25th of 83
Parking
P3-33
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 2M · May 2014

About 2504, Elite Residence

2504 is a one-bedroom apartment of 802 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 18 May 2014 for AED 2,000,000, or AED 2,494 per sqft, 75% above the AED 1,426 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 5 April 2023, is AED 100,000 a year: a gross yield of 5.0% on the 2014 price, before the service charge of about AED 10,500 a year.

Sales and rents for 2504 over time

Sales
Unit 2504, each saleTypical one-bed in Elite Residence
1M2M2009201420192024Typical 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 1,969 per sqft)Sold, December 2012: AED 1,010,914 (AED 1,260 per sqft)Sold, December 2012: AED 1,579,413 (AED 1,969 per sqft)Sold, May 2014: AED 2,000,000 (AED 2,494 per sqft)

2504 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2504, each contractTypical one-bed in Elite Residence
50K100K2012201620202024Typical 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, September 2014: AED 130,000 a yearRenewal, September 2015: AED 130,000 a yearRenewal, September 2016: AED 130,000 a yearRenewal, September 2017: AED 115,000 a yearRenewal, September 2018: AED 115,000 a yearNew contract, May 2019: AED 78,000 a yearNew contract, April 2023: AED 100,000 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 2504 sits

All 416 1-beds →

2504 last sold in May 2014 at AED 2,494 per sqft, 75% above what one-beds in Elite Residence were fetching at the time (AED 1,426). 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. 2504's AED 100,000 is in the upper 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
25031-bedAED 1.85M · Feb 2015
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

2504, Elite Residence in numbers

  • Sold 4 times: first on 12 August 2009 for AED 1,579,413, last on 18 May 2014 for AED 2,000,000 (AED 2,494 per sqft).
  • Rented since September 2014 on 7 Ejari contracts. The rent fell from AED 130,000 to AED 78,000 in 2019 and recovered to AED 100,000 by April 2023.
  • At AED 100,000 a year the gross yield on the 2014 price is 5.0%, 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 5 April 2023.

Questions about 2504, Elite Residence

What did unit 2504 last sell for?

AED 2,000,000 on 18 May 2014: AED 2,494 per sqft for 802 sqft. The unit has 4 registered sales; the first was AED 1,579,413 in August 2009.

What is the rent for unit 2504?

AED 100,000 a year on the contract signed on 5 April 2023. The previous contract, from May 2019, was AED 78,000; the unit has been rented since September 2014.

How big is unit 2504?

802 sqft (74.5 sqm): a one-bedroom apartment on the 25th floor of a 83-storey tower completed in 2012.

What is unit 2504 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 2504, Elite Residence

Starts from the last sale price (AED 2M, 18 May 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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