1-bed · 801 sqftElite Residence, Dubai Marina · 48th floor · completed 2012

4803, Elite Residence

Sold prices and rental history: sold 4 times, last 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 4803 · DLD and Ejari recordsUpdated 16 September 2023
Last soldAED 1.56M5 June 2013
Current rentAED 100K /yr16 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4803, Elite Residence

What is 4803 worth today?

Last sold for AED 1,560,000 in 2013

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16 Sep 2023RentedNew contract
AED 100,000/yr12 months · AED 126 per sqft
2 Aug 2020RentedNew contract
AED 60,000/yr12 months · AED 75 per sqft
19 Jun 2015RentedRenewal
AED 115,000/yr12 months · AED 144 per sqft
19 Jun 2014RentedRenewal
AED 115,000/yr12 months · AED 144 per sqft
19 Jun 2013RentedNew contract
AED 105,000/yr12 months · AED 132 per sqft
5 Jun 2013SoldReady
AED 1,560,000AED 1,946 per sqft
27 Dec 2012SoldReady
AED 1,666,319AED 2,079 per sqft
30 May 2012SoldOff-plan
AED 700,000AED 873 per sqft

Source: Dubai Land Department. Updated 16 September 2023.

Key facts

Type
1-bed apartment
Size
801 sqft
Floor
48th of 83
Parking
B2-09
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 1.56M · June 2013

About 4803, Elite Residence

4803 is a one-bedroom apartment of 801 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 5 June 2013 for AED 1,560,000, or AED 1,946 per sqft, 42% above the AED 1,367 one-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 16 September 2023, is AED 100,000 a year: a gross yield of 6.4% on the 2013 price, before the service charge of about AED 10,500 a year.

Sales and rents for 4803 over time

Sales
Unit 4803, each saleTypical one-bed in Elite Residence
1M1.5M2009201420192024Typical sale price by year: 2009 AED 1,331,420; 2010 AED 1,311,618; 2011 AED 864,286; 2012 AED 1,236,138; 2013 AED 1,234,659; 2014 AED 1,440,000; 2015 AED 1,162,500; 2016 AED 1,252,011; 2017 AED 1,180,000; 2018 AED 1,070,000; 2019 AED 850,000; 2020 AED 750,000; 2021 AED 750,000; 2022 AED 980,000; 2023 AED 1,172,344; 2024 AED 1,285,000; 2025 AED 1,312,500; 2026 AED 1,240,000Sold by developer, August 2009: AED 1,666,319 (AED 2,079 per sqft)Sold, May 2012: AED 700,000 (AED 873 per sqft)Sold, December 2012: AED 1,666,319 (AED 2,079 per sqft)Sold, June 2013: AED 1,560,000 (AED 1,946 per sqft)

4803 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4803, each contractTypical one-bed in Elite Residence
50K100K2012201620202024Typical rent by year: 2012 AED 75,000; 2013 AED 80,000; 2014 AED 91,042; 2015 AED 95,000; 2016 AED 95,000; 2017 AED 90,750; 2018 AED 80,000; 2019 AED 70,000; 2020 AED 57,000; 2021 AED 55,000; 2022 AED 66,000; 2023 AED 75,000; 2024 AED 85,000; 2025 AED 90,000; 2026 AED 82,000New contract, June 2013: AED 105,000 a yearRenewal, June 2014: AED 115,000 a yearRenewal, June 2015: AED 115,000 a yearNew contract, August 2020: AED 60,000 a yearNew contract, September 2023: AED 100,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Elite Residence, and where 4803 sits

All 416 1-beds →

4803 last sold in June 2013 at AED 1,946 per sqft, 42% above what one-beds in Elite Residence were fetching at the time (AED 1,367). Over the last 12 months one-beds sold for AED 1,065,000 to 1,530,677, around AED 1,547 per sqft, and rent for AED 36,725 to 159,000 a year. 4803's AED 100,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
3 Nov 20261,400,000
2 Nov 20261,250,000
16 Oct 20261,160,000
7 Oct 20261,530,677
20 1-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
48022-bedAED 2.7M · Aug 2014
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

4803, Elite Residence in numbers

  • Sold 4 times: first on 10 August 2009 for AED 1,666,319, last on 5 June 2013 for AED 1,560,000 (AED 1,946 per sqft).
  • Rented since June 2013 on 5 Ejari contracts. The rent fell from AED 105,000 to AED 60,000 in 2020 and recovered to AED 100,000 by September 2023.
  • At AED 100,000 a year the gross yield on the 2013 price is 6.4%, before a service charge of about AED 10,500 a year (AED 13.10 per sqft).
  • One-beds in Elite Residence sold for AED 1,065,000–1,530,677 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 16 September 2023.

Questions about 4803, Elite Residence

What did unit 4803 last sell for?

AED 1,560,000 on 5 June 2013: AED 1,946 per sqft for 801 sqft. The unit has 4 registered sales; the first was AED 1,666,319 in August 2009.

What is the rent for unit 4803?

AED 100,000 a year on the contract signed on 16 September 2023. The previous contract, from August 2020, was AED 60,000; the unit has been rented since June 2013.

How big is unit 4803?

801 sqft (74.4 sqm): a one-bedroom apartment on the 48th floor of a 83-storey tower completed in 2012.

What is unit 4803 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Elite Residence sold for AED 1,065,000 to 1,530,677 in the last 12 months, around AED 1,547 per sqft.

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Mortgage on 4803, Elite Residence

Starts from the last sale price (AED 1.56M, 5 June 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,560,000
Deposit, UAE resident (20%)
AED 312,000
Deposit, non-resident (40%)
AED 624,000
Monthly over 25 years at 3.7%
AED 6,382

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