2-bed · 1,330 sqftElite Residence, Dubai Marina · 48th floor · completed 2012

4805, Elite Residence

Sold prices and rental history: sold 4 times, last in September 2013, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4805 · DLD and Ejari recordsUpdated 20 November 2020
Last soldAED 2.3M16 September 2013
Current rentAED 65K /yr20 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4805, Elite Residence

What is 4805 worth today?

Last sold for AED 2,300,000 in 2013

Unlock today's estimate, updated daily, with

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

20 Nov 2020RentedNew contract
AED 65,000/yr12 months · AED 49 per sqft
15 Sep 2019RentedNew contract
AED 90,000/yr12 months · AED 67 per sqft
29 Sep 2017RentedRenewal
AED 125,000/yr12 months · AED 94 per sqft
29 Sep 2016RentedRenewal
AED 130,000/yr12 months · AED 97 per sqft
29 Sep 2015RentedNew contract
AED 130,000/yr12 months · AED 97 per sqft
16 Sep 2013SoldReady
AED 2,300,000AED 1,729 per sqft
19 Feb 2013SoldReady
AED 2,000,000AED 1,503 per sqft
13 Jan 2013SoldReady
AED 2,555,015AED 1,921 per sqft

Source: Dubai Land Department. Updated 20 November 2020.

Key facts

Type
2-bed apartment
Size
1,330 sqft
Floor
48th of 83
Parking
B2-91
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 2.3M · September 2013

About 4805, Elite Residence

4805 is a two-bedroom apartment of 1,330 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 16 September 2013 for AED 2,300,000, or AED 1,729 per sqft, 12% above the AED 1,542 two-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 20 November 2020, is AED 65,000 a year: a gross yield of 2.8% on the 2013 price, before the service charge of about AED 17,400 a year.

Sales and rents for 4805 over time

Sales
Unit 4805, 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, July 2009: AED 2,755,015 (AED 2,071 per sqft)Sold, January 2013: AED 2,555,015 (AED 1,921 per sqft)Sold, February 2013: AED 2,000,000 (AED 1,503 per sqft)Sold, September 2013: AED 2,300,000 (AED 1,729 per sqft)

4805 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4805, 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 2015: AED 130,000 a yearRenewal, September 2016: AED 130,000 a yearRenewal, September 2017: AED 125,000 a yearNew contract, September 2019: AED 90,000 a yearNew contract, November 2020: AED 65,000 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 4805 sits

All 208 2-beds →

4805 last sold in September 2013 at AED 1,729 per sqft, 12% above what two-beds in Elite Residence were fetching at the time (AED 1,542). 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. 4805's AED 65,000 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 48th floor

All 697 units in Elite Residence
Value
48011-bedAED 1.25M · Feb 2023
48022-bedAED 2.7M · Aug 2014
48031-bedAED 1.56M · Jun 2013
48041-bedAED 1.45M · Jun 2023
48061-bedAED 790K · Dec 2019
48071-bedAED 1.08M · May 2026
48082-bedAED 2.17M · Oct 2012
1–7 of 11

4805, Elite Residence in numbers

  • Sold 4 times: first on 3 July 2009 for AED 2,755,015, last on 16 September 2013 for AED 2,300,000 (AED 1,729 per sqft).
  • Rented since September 2015 on 5 Ejari contracts, from AED 130,000 to AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2013 price is 2.8%, 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 20 November 2020.

Questions about 4805, Elite Residence

What did unit 4805 last sell for?

AED 2,300,000 on 16 September 2013: AED 1,729 per sqft for 1,330 sqft. The unit has 4 registered sales; the first was AED 2,755,015 in July 2009.

What is the rent for unit 4805?

AED 65,000 a year on the contract signed on 20 November 2020. The previous contract, from September 2019, was AED 90,000; the unit has been rented since September 2015.

How big is unit 4805?

1,330 sqft (123.6 sqm): a two-bedroom apartment on the 48th floor of a 83-storey tower completed in 2012.

What is unit 4805 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 4805? 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 4805, Elite Residence

Starts from the last sale price (AED 2.3M, 16 September 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

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