2-bed · 1,329 sqftElite Residence, Dubai Marina · 28th floor · completed 2012

2808, 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 2808 · DLD and Ejari recordsUpdated 3 October 2020
Last soldAED 1.86M30 October 2014
Current rentAED 76K /yr3 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2808, Elite Residence

What is 2808 worth today?

Last sold for AED 1,861,020 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

3 Oct 2020RentedRenewal
AED 76,000/yr13 months · AED 57 per sqft
3 Oct 2019RentedRenewal
AED 95,000/yr12 months · AED 71 per sqft
3 Oct 2018RentedRenewal
AED 120,000/yr12 months · AED 90 per sqft
3 Oct 2017RentedNew contract
AED 131,250/yr12 months · AED 98 per sqft
3 Oct 2015RentedNew contract
AED 125,000/yr12 months · AED 94 per sqft
30 Oct 2014SoldReady
AED 1,861,020AED 1,399 per sqft
1 Sep 2014RentedRenewal
AED 110,000/yr12 months · AED 82 per sqft
1 Sep 2013RentedNew contract
AED 110,000/yr12 months · AED 82 per sqft

Source: Dubai Land Department. Updated 3 October 2020.

Key facts

Type
2-bed apartment
Size
1,329 sqft
Floor
28th of 83
Parking
P3-42
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.86M · October 2014

About 2808, Elite Residence

2808 is a two-bedroom apartment of 1,329 sqft on the 28th 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 7 Ejari contracts. The current contract, renewed on 3 October 2020, is AED 76,000 a year: a gross yield of 4.1% on the 2014 price, before the service charge of about AED 17,400 a year.

Sales and rents for 2808 over time

Sales
Unit 2808, 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 2,283,477 (AED 1,717 per sqft)Sold, June 2012: AED 2,283,477 (AED 1,717 per sqft)Sold, October 2012: AED 2,283,477 (AED 1,717 per sqft)Sold, October 2014: AED 1,861,020 (AED 1,399 per sqft)

2808 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2808, 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 110,000 a yearRenewal, September 2014: AED 110,000 a yearNew contract, October 2015: AED 125,000 a yearNew contract, October 2017: AED 131,250 a yearRenewal, October 2018: AED 120,000 a yearRenewal, October 2019: AED 95,000 a yearRenewal, October 2020: AED 76,000 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 2808 sits

All 208 2-beds →

2808 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. 2808's AED 76,000 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 28th floor

All 697 units in Elite Residence
Value
28011-bedAED 749K · Jan 2021
28022-bedAED 1.8M · Oct 2016
28031-bedAED 1M · Jan 2022
28041-bedAED 1.59M · Dec 2012
28052-bedAED 2.6M · Dec 2012
28061-bedAED 1.55M · Oct 2014
28071-bedAED 1.18M · Oct 2016
1–7 of 11

2808, Elite Residence in numbers

  • Sold 4 times: first on 9 August 2009 for AED 2,283,477, last on 30 October 2014 for AED 1,861,020 (AED 1,399 per sqft).
  • Rented since September 2013 on 7 Ejari contracts, from AED 110,000 to AED 76,000 a year.
  • At AED 76,000 a year the gross yield on the 2014 price is 4.1%, 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 3 October 2020.

Questions about 2808, Elite Residence

What did unit 2808 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 2,283,477 in August 2009.

What is the rent for unit 2808?

AED 76,000 a year on the contract renewed on 3 October 2020. The previous contract, from October 2019, was AED 95,000; the unit has been rented since September 2013.

How big is unit 2808?

1,329 sqft (123.5 sqm): a two-bedroom apartment on the 28th floor of a 83-storey tower completed in 2012.

What is unit 2808 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.

Selling 2808? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 2808, 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 →