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

2608, Elite Residence

Sold prices and rental history: sold 4 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.

Unit 2608 · DLD and Ejari recordsUpdated 20 December 2019
Last soldAED 1.86M30 October 2014
Current rentAED 75K /yr20 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2608, Elite Residence

What is 2608 worth today?

Last sold for AED 1,861,020 in 2014

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20 Dec 2019RentedNew contract
AED 75,000/yr12 months · AED 56 per sqft
5 Mar 2018RentedNew contract
AED 110,769/yr13 months · AED 83 per sqft
5 Oct 2015RentedNew contract
AED 142,800/yr12 months · AED 107 per sqft
30 Oct 2014SoldReady
AED 1,861,020AED 1,399 per sqft
5 Oct 2014RentedNew contract
AED 136,000/yr12 months · AED 102 per sqft
1 Sep 2013RentedNew contract
AED 110,000/yr12 months · AED 82 per sqft
31 Oct 2012SoldReady
AED 2,272,630AED 1,709 per sqft
11 Jun 2012SoldOff-plan
AED 2,272,630AED 1,709 per sqft

Source: Dubai Land Department. Updated 20 December 2019.

Key facts

Type
2-bed apartment
Size
1,329 sqft
Floor
26th of 83
Parking
P3-48
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.86M · October 2014

About 2608, Elite Residence

2608 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 30 October 2014 for AED 1,861,020, or AED 1,399 per sqft, 14% below the AED 1,625 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 20 December 2019, is AED 75,000 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 17,400 a year.

Sales and rents for 2608 over time

Sales
Unit 2608, 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 2,272,630 (AED 1,709 per sqft)Sold, June 2012: AED 2,272,630 (AED 1,709 per sqft)Sold, October 2012: AED 2,272,630 (AED 1,709 per sqft)Sold, October 2014: AED 1,861,020 (AED 1,399 per sqft)

2608 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2608, each contractTypical two-bed in Elite Residence
100K150K2012201620202024Typical 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 120,000New contract, September 2013: AED 110,000 a yearNew contract, October 2014: AED 136,000 a yearNew contract, October 2015: AED 142,800 a yearNew contract, March 2018: AED 110,769 a yearNew contract, December 2019: AED 75,000 a year

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 2608 sits

All 208 2-beds →

2608 last sold in October 2014 at AED 1,399 per sqft, 14% 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. 2608's AED 75,000 is at the bottom of that range.

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
26052-bedAED 2.5M · Jun 2014
26061-bedAED 1.03M · Mar 2013
26071-bedAED 1.31M · May 2013
1–7 of 11

2608, Elite Residence in numbers

  • Sold 4 times: first on 9 August 2009 for AED 2,272,630, last on 30 October 2014 for AED 1,861,020 (AED 1,399 per sqft).
  • Rented since September 2013 on 5 Ejari contracts, from AED 110,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2014 price is 4.0%, 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 20 December 2019.

Questions about 2608, Elite Residence

What did unit 2608 last sell for?

AED 1,861,020 on 30 October 2014: AED 1,399 per sqft for 1,329 sqft. The unit has 4 registered sales; the first was AED 2,272,630 in August 2009.

What is the rent for unit 2608?

AED 75,000 a year on the contract signed on 20 December 2019. The previous contract, from March 2018, was AED 110,769; the unit has been rented since September 2013.

How big is unit 2608?

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 2608 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 2608, Elite Residence

Starts from the last sale price (AED 1.86M, 30 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,861,020
Deposit, UAE resident (20%)
AED 372,204
Deposit, non-resident (40%)
AED 744,408
Monthly over 25 years at 3.7%
AED 7,614

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