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2-bed · 1,329 sqftElite Residence, Dubai Marina · 26th floor · completed 2012

2605, Elite Residence

Sold prices and rental history: sold 3 times, last in June 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2605 · DLD and Ejari recordsUpdated 8 June 2014
Last soldAED 2.5M8 June 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2605, Elite Residence

What is 2605 worth today?

Last sold for AED 2,500,000 in 2014

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8 Jun 2014SoldReady
AED 2,500,000AED 1,881 per sqft
24 Oct 2012SoldReady
AED 2,617,576AED 1,969 per sqft
9 Aug 2009Sold by developerOff-plan
AED 2,617,576AED 1,969 per sqft

Source: Dubai Land Department. Updated 8 June 2014.

Key facts

Type
2-bed apartment
Size
1,329 sqft
Floor
26th of 83
Parking
B3-48
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 2.5M · June 2014
Building
Elite Residence

About 2605, Elite Residence

2605 is a two-bedroom apartment of 1,329 sqft on the 26th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 8 June 2014 for AED 2,500,000, or AED 1,881 per sqft, 25% above the AED 1,504 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2605 over time

Sales
Unit 2605, each saleTypical two-bed in Elite Residence
1M2M2009201420192024Typical sale price by year: 2009 AED 2,511,312; 2010 AED 2,337,716; 2012 AED 1,707,826; 2013 AED 1,933,754; 2014 AED 2,223,814; 2015 AED 1,625,000; 2016 AED 1,700,000; 2017 AED 1,660,000; 2018 AED 1,375,000; 2019 AED 1,000,000; 2020 AED 1,150,000; 2021 AED 1,100,000; 2022 AED 1,495,000; 2023 AED 1,645,000; 2024 AED 1,900,000; 2025 AED 1,850,000; 2026 AED 1,925,000Sold by developer, August 2009: AED 2,617,576 (AED 1,969 per sqft)Sold, October 2012: AED 2,617,576 (AED 1,969 per sqft)Sold, June 2014: AED 2,500,000 (AED 1,881 per sqft)

2605 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2605, each contractTypical two-bed in Elite Residence
100K2012201620202024Typical rent by year: 2012 AED 100,000; 2013 AED 115,000; 2014 AED 131,250; 2015 AED 135,000; 2016 AED 135,000; 2017 AED 125,000; 2018 AED 110,000; 2019 AED 90,000; 2020 AED 76,500; 2021 AED 75,000; 2022 AED 90,000; 2023 AED 110,000; 2024 AED 125,000; 2025 AED 130,000; 2026 AED 120,000

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 2605 sits

All 208 2-beds →

2605 last sold in June 2014 at AED 1,881 per sqft, 25% above what two-beds in Elite Residence were fetching at the time (AED 1,504). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
21 Oct 20262,000,000
2 Sep 20262,270,000
8 Jul 20262,060,000
7 Jul 20261,810,000
14 2-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 26th floor

All 697 units in Elite Residence
Value
26011-bedAED 750K · Mar 2014
26022-bedAED 2.54M · Dec 2012
26031-bedAED 1.58M · Dec 2012
26041-bedAED 1.9M · Jun 2014
26061-bedAED 1.03M · Mar 2013
26071-bedAED 1.31M · May 2013
26082-bedAED 1.86M · Oct 2014
1–7 of 11

2605, Elite Residence in numbers

  • Sold 3 times: first on 9 August 2009 for AED 2,617,576, last on 8 June 2014 for AED 2,500,000 (AED 1,881 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 8 June 2014.

Questions about 2605, Elite Residence

What did unit 2605 last sell for?

AED 2,500,000 on 8 June 2014: AED 1,881 per sqft for 1,329 sqft. The unit has 3 registered sales; the first was AED 2,617,576 in August 2009.

How big is unit 2605?

1,329 sqft (123.5 sqm): a two-bedroom apartment on the 26th floor of a 83-storey tower completed in 2012.

What is unit 2605 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 2605, Elite Residence

Starts from the last sale price (AED 2.5M, 8 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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