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

2611, Elite Residence

Sold prices and rental history: sold once, by the developer in June 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2611 · DLD and Ejari recordsUpdated 8 November 2024
Last soldAED 1.45M18 June 2013
Current rentAED 130K /yr8 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2611, Elite Residence

What is 2611 worth today?

Last sold for AED 1,450,000 in 2013

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8 Nov 2024RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
8 Nov 2024RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
24 Oct 2023RentedNew contract
AED 120,000/yr12 months · AED 90 per sqft
5 Jul 2019RentedNew contract
AED 70,000/yr12 months · AED 52 per sqft
17 Dec 2017RentedNew contract
AED 100,000/yr12 months · AED 75 per sqft
1 Sep 2016RentedRenewal
AED 126,000/yr12 months · AED 94 per sqft
1 Sep 2015RentedNew contract
AED 126,000/yr12 months · AED 94 per sqft
1 Sep 2013RentedNew contract
AED 115,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 8 November 2024.

Key facts

Type
2-bed apartment
Size
1,329 sqft
Floor
26th of 83
Parking
P3-79
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.45M · June 2013

About 2611, Elite Residence

2611 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. The developer sold it on 18 June 2013 for AED 1,450,000, or AED 1,090 per sqft, 27% below the AED 1,503 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 8 November 2024, is AED 130,000 a year: a gross yield of 9.0% on the 2013 price, before the service charge of about AED 17,400 a year.

Sales and rents for 2611 over time

Sales
Unit 2611, 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, June 2013: AED 1,450,000 (AED 1,090 per sqft)

2611 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2611, 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 120,000New contract, September 2013: AED 115,000 a yearNew contract, September 2015: AED 126,000 a yearRenewal, September 2016: AED 126,000 a yearNew contract, December 2017: AED 100,000 a yearNew contract, July 2019: AED 70,000 a yearNew contract, October 2023: AED 120,000 a yearNew contract, November 2024: AED 130,000 a yearNew contract, November 2024: AED 130,000 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 2611 sits

All 208 2-beds →

2611 last sold in June 2013 at AED 1,090 per sqft, 27% below what two-beds in Elite Residence were fetching at the time (AED 1,503). 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. 2611's AED 130,000 is in the lower half 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

2611, Elite Residence in numbers

  • Sold once: by Tameer Holding Investment on 18 June 2013 for AED 1,450,000, or AED 1,090 per sqft.
  • Rented since September 2013 on 8 Ejari contracts. The rent fell from AED 115,000 to AED 70,000 in 2019 and recovered to AED 130,000 by November 2024.
  • At AED 130,000 a year the gross yield on the 2013 price is 9.0%, 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 8 November 2024.

Questions about 2611, Elite Residence

What did unit 2611 last sell for?

AED 1,450,000 on 18 June 2013, sold by the developer: AED 1,090 per sqft for 1,329 sqft. It is the only registered sale of the unit.

What is the rent for unit 2611?

AED 130,000 a year on the contract signed on 8 November 2024. The previous contract, from November 2024, was AED 130,000; the unit has been rented since September 2013.

How big is unit 2611?

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 2611 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 2611, Elite Residence

Starts from the last sale price (AED 1.45M, 18 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,450,000
Deposit, UAE resident (20%)
AED 290,000
Deposit, non-resident (40%)
AED 580,000
Monthly over 25 years at 3.7%
AED 5,932

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