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2-bed · 1,331 sqftElite Residence, Dubai Marina · 48th floor · completed 2012

4802, Elite Residence

Sold prices and rental history: sold 4 times, last in August 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4802 · DLD and Ejari recordsUpdated 6 August 2014
Last soldAED 2.7M6 August 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 4802, Elite Residence

What is 4802 worth today?

Last sold for AED 2,700,000 in 2014

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6 Aug 2014SoldReady
AED 2,700,000AED 2,029 per sqft
29 May 2013SoldReady
AED 2,000,000AED 1,503 per sqft
29 Dec 2012SoldReady
AED 2,755,015AED 2,070 per sqft
10 Aug 2009Sold by developerOff-plan
AED 2,755,015AED 2,070 per sqft

Source: Dubai Land Department. Updated 6 August 2014.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
48th of 83
Parking
B2-41
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 2.7M · August 2014
Building
Elite Residence

About 4802, Elite Residence

4802 is a two-bedroom apartment of 1,331 sqft on the 48th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 6 August 2014 for AED 2,700,000, or AED 2,029 per sqft, 29% above the AED 1,578 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 4802 over time

Sales
Unit 4802, each saleTypical two-bed in Elite Residence
1M2M3M2009201420192024Typical 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 2,755,015 (AED 2,070 per sqft)Sold, December 2012: AED 2,755,015 (AED 2,070 per sqft)Sold, May 2013: AED 2,000,000 (AED 1,503 per sqft)Sold, August 2014: AED 2,700,000 (AED 2,029 per sqft)

4802 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4802, 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 4802 sits

All 208 2-beds →

4802 last sold in August 2014 at AED 2,029 per sqft, 29% above what two-beds in Elite Residence were fetching at the time (AED 1,578). 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 48th floor

All 697 units in Elite Residence
Value
48011-bedAED 1.25M · Feb 2023
48031-bedAED 1.56M · Jun 2013
48041-bedAED 1.45M · Jun 2023
48052-bedAED 2.3M · Sep 2013
48061-bedAED 790K · Dec 2019
48071-bedAED 1.08M · May 2026
48082-bedAED 2.17M · Oct 2012
1–7 of 11

4802, Elite Residence in numbers

  • Sold 4 times: first on 10 August 2009 for AED 2,755,015, last on 6 August 2014 for AED 2,700,000 (AED 2,029 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 6 August 2014.

Questions about 4802, Elite Residence

What did unit 4802 last sell for?

AED 2,700,000 on 6 August 2014: AED 2,029 per sqft for 1,331 sqft. The unit has 4 registered sales; the first was AED 2,755,015 in August 2009.

How big is unit 4802?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 48th floor of a 83-storey tower completed in 2012.

What is unit 4802 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 4802, Elite Residence

Starts from the last sale price (AED 2.7M, 6 August 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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