1-bed · 960 sqftElite Residence, Dubai Marina · 49th floor · completed 2012

4901, Elite Residence

Sold prices and rental history: sold 4 times, last in August 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4901 · DLD and Ejari recordsUpdated 1 August 2024
Last soldAED 2.3M1 August 2024
Current rentAED 90K /yr25 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4901, Elite Residence

What is 4901 worth today?

Last sold for AED 2,300,000 in 2024

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1 Aug 2024SoldReady
AED 2,300,000AED 2,394 per sqft
25 Sep 2023RentedRenewal
AED 90,000/yr12 months · AED 94 per sqft
25 Sep 2022RentedNew contract
AED 82,000/yr12 months · AED 85 per sqft
29 Aug 2021RentedNew contract
AED 60,000/yr12 months · AED 62 per sqft
19 Jul 2020RentedNew contract
AED 68,000/yr12 months · AED 71 per sqft
19 Jul 2019RentedNew contract
AED 78,000/yr12 months · AED 81 per sqft
28 Jul 2013SoldReady
AED 1,196,384AED 1,245 per sqft
20 Feb 2013RentedNew contract
AED 80,000/yr12 months · AED 83 per sqft

Source: Dubai Land Department. Updated 1 August 2024.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
49th of 83
Parking
B2-52
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 2.3M · August 2024

About 4901, Elite Residence

4901 is a one-bedroom apartment of 960 sqft on the 49th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 1 August 2024 for AED 2,300,000, or AED 2,394 per sqft, 60% above the AED 1,493 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 25 September 2023, is AED 90,000 a year: a gross yield of 3.9% on the 2024 price, before the service charge of about AED 12,600 a year.

Sales and rents for 4901 over time

Sales
Unit 4901, each saleTypical one-bed in Elite Residence
1M2M2009201420192024Typical 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 1,380,322 (AED 1,437 per sqft)Sold, September 2012: AED 1,380,322 (AED 1,437 per sqft)Sold, July 2013: AED 1,196,384 (AED 1,245 per sqft)Sold, August 2024: AED 2,300,000 (AED 2,394 per sqft)

4901 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4901, each contractTypical one-bed in Elite Residence
60K80K100K2012201620202024Typical 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, February 2013: AED 80,000 a yearNew contract, July 2019: AED 78,000 a yearNew contract, July 2020: AED 68,000 a yearNew contract, August 2021: AED 60,000 a yearNew contract, September 2022: AED 82,000 a yearRenewal, September 2023: AED 90,000 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 4901 sits

All 416 1-beds →

4901 last sold in August 2024 at AED 2,394 per sqft, 60% above what one-beds in Elite Residence were fetching at the time (AED 1,493). 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. 4901's AED 90,000 is in the lower 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 49th floor

All 697 units in Elite Residence
Value
49022-bedAED 1.8M · Jul 2018
49031-bedAED 1.7M · Feb 2024
49041-bedAED 1.35M · Mar 2013
49052-bedAED 2M · Feb 2013
49061-bedAED 1.14M · Oct 2015
49071-bedAED 1.3M · Jun 2013
49082-bedAED 1.64M · Dec 2012
1–7 of 11

4901, Elite Residence in numbers

  • Sold 4 times: first on 10 August 2009 for AED 1,380,322, last on 1 August 2024 for AED 2,300,000 (AED 2,394 per sqft).
  • Rented since February 2013 on 6 Ejari contracts. The rent fell from AED 80,000 to AED 60,000 in 2021 and recovered to AED 90,000 by September 2023.
  • At AED 90,000 a year the gross yield on the 2024 price is 3.9%, before a service charge of about AED 12,600 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 1 August 2024.

Questions about 4901, Elite Residence

What did unit 4901 last sell for?

AED 2,300,000 on 1 August 2024: AED 2,394 per sqft for 960 sqft. The unit has 4 registered sales; the first was AED 1,380,322 in August 2009.

What is the rent for unit 4901?

AED 90,000 a year on the contract renewed on 25 September 2023. The previous contract, from September 2022, was AED 82,000; the unit has been rented since February 2013.

How big is unit 4901?

960 sqft (89.2 sqm): a one-bedroom apartment on the 49th floor of a 83-storey tower completed in 2012.

What is unit 4901 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 4901, Elite Residence

Starts from the last sale price (AED 2.3M, 1 August 2024). 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 →