2-bed · 1,331 sqftElite Residence, Dubai Marina · 42nd floor · completed 2012

4208, Elite Residence

Sold prices and rental history: sold twice, last in November 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4208 · DLD and Ejari recordsUpdated 11 November 2024
Last soldAED 1.78M11 November 2024
Current rentAED 97K /yr6 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4208, Elite Residence

What is 4208 worth today?

Last sold for AED 1,775,000 in 2024

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11 Nov 2024SoldReady
AED 1,775,000AED 1,334 per sqft
6 Oct 2023RentedRenewal
AED 96,800/yr12 months · AED 73 per sqft
6 Oct 2019RentedNew contract
AED 80,000/yr12 months · AED 60 per sqft
4 Aug 2019RentedNew contract
AED 80,000/yr12 months · AED 60 per sqft
10 Dec 2018RentedNew contract
AED 90,000/yr12 months · AED 67 per sqft
1 Sep 2017RentedRenewal
AED 118,500/yr12 months · AED 89 per sqft
1 Sep 2016RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
1 Sep 2013RentedNew contract
AED 115,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 11 November 2024.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
42nd of 83
Parking
P2-92
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.78M · November 2024

About 4208, Elite Residence

4208 is a two-bedroom apartment of 1,331 sqft on the 42nd floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 11 November 2024 for AED 1,775,000, or AED 1,334 per sqft, 7% below the AED 1,428 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 6 October 2023, is AED 96,800 a year: a gross yield of 5.5% on the 2024 price, before the service charge of about AED 17,400 a year.

Sales and rents for 4208 over time

Sales
Unit 4208, 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, July 2013: AED 1,600,000 (AED 1,202 per sqft)Sold, November 2024: AED 1,775,000 (AED 1,334 per sqft)

4208 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4208, 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 2016: AED 130,000 a yearRenewal, September 2017: AED 118,500 a yearNew contract, December 2018: AED 90,000 a yearNew contract, August 2019: AED 80,000 a yearNew contract, October 2019: AED 80,000 a yearRenewal, October 2023: AED 96,800 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 4208 sits

All 208 2-beds →

4208 last sold in November 2024 at AED 1,334 per sqft, 7% below what two-beds in Elite Residence were fetching at the time (AED 1,428). 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. 4208's AED 96,800 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 42nd floor

All 697 units in Elite Residence
Value
42011-bedAED 1.18M · Aug 2023
42022-bedAED 1.47M · Mar 2022
42031-bedAED 1.4M · Nov 2024
42041-bedAED 1.3M · Mar 2013
42052-bedAED 2.2M · Apr 2025
42061-bedAED 1.36M · Feb 2013
42071-bedAED 1.06M · Oct 2022
1–7 of 11

4208, Elite Residence in numbers

  • Sold twice: first on 24 July 2013 for AED 1,600,000, last on 11 November 2024 for AED 1,775,000 (AED 1,334 per sqft).
  • Rented since September 2013 on 7 Ejari contracts. The rent fell from AED 115,000 to AED 80,000 in 2019 and recovered to AED 96,800 by October 2023.
  • At AED 96,800 a year the gross yield on the 2024 price is 5.5%, 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 11 November 2024.

Questions about 4208, Elite Residence

What did unit 4208 last sell for?

AED 1,775,000 on 11 November 2024: AED 1,334 per sqft for 1,331 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in July 2013.

What is the rent for unit 4208?

AED 96,800 a year on the contract renewed on 6 October 2023. The previous contract, from October 2019, was AED 80,000; the unit has been rented since September 2013.

How big is unit 4208?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 42nd floor of a 83-storey tower completed in 2012.

What is unit 4208 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 4208, Elite Residence

Starts from the last sale price (AED 1.78M, 11 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,775,000
Deposit, UAE resident (20%)
AED 355,000
Deposit, non-resident (40%)
AED 710,000
Monthly over 25 years at 3.7%
AED 7,262

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