1-bed · 801 sqftElite Residence, Dubai Marina · 49th floor · completed 2012

4903, Elite Residence

Sold prices and rental history: sold 4 times, last in February 2024, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4903 · DLD and Ejari recordsUpdated 27 February 2024
Last soldAED 1.7M27 February 2024
Current rentAED 69K /yr1 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4903, Elite Residence

What is 4903 worth today?

Last sold for AED 1,700,000 in 2024

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27 Feb 2024SoldReady
AED 1,700,000AED 2,121 per sqft
1 Aug 2023RentedRenewal
AED 68,970/yr12 months · AED 86 per sqft
1 Aug 2022RentedRenewal
AED 62,700/yr12 months · AED 78 per sqft
1 Aug 2021RentedNew contract
AED 62,700/yr12 months · AED 78 per sqft
1 Aug 2020RentedNew contract
AED 57,000/yr12 months · AED 72 per sqft
29 Oct 2015SoldReady
AED 1,500,000AED 1,871 per sqft
15 May 2013SoldReady
AED 826,698AED 1,031 per sqft
10 Aug 2009Sold by developerOff-plan
AED 1,653,396AED 2,063 per sqft

Source: Dubai Land Department. Updated 27 February 2024.

Key facts

Type
1-bed apartment
Size
801 sqft
Floor
49th of 83
Parking
B2-26
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 1.7M · February 2024

About 4903, Elite Residence

4903 is a one-bedroom apartment of 801 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 27 February 2024 for AED 1,700,000, or AED 2,121 per sqft, 46% above the AED 1,457 one-beds in the building were fetching at the time.

It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 68,970 a year: a gross yield of 4.1% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 4903 over time

Sales
Unit 4903, 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 1,653,396 (AED 2,063 per sqft)Sold, May 2013: AED 826,698 (AED 1,031 per sqft)Sold, October 2015: AED 1,500,000 (AED 1,871 per sqft)Sold, February 2024: AED 1,700,000 (AED 2,121 per sqft)

4903 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4903, 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, August 2020: AED 57,000 a yearNew contract, August 2021: AED 62,700 a yearRenewal, August 2022: AED 62,700 a yearRenewal, August 2023: AED 68,970 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 4903 sits

All 416 1-beds →

4903 last sold in February 2024 at AED 2,121 per sqft, 46% above what one-beds in Elite Residence were fetching at the time (AED 1,457). 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. 4903's AED 68,970 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
49011-bedAED 2.3M · Aug 2024
49022-bedAED 1.8M · Jul 2018
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

4903, Elite Residence in numbers

  • Sold 4 times: first on 10 August 2009 for AED 1,653,396, last on 27 February 2024 for AED 1,700,000 (AED 2,121 per sqft).
  • Rented since August 2020 on 4 Ejari contracts, from AED 57,000 to AED 68,970 a year.
  • At AED 68,970 a year the gross yield on the 2024 price is 4.1%, 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 27 February 2024.

Questions about 4903, Elite Residence

What did unit 4903 last sell for?

AED 1,700,000 on 27 February 2024: AED 2,121 per sqft for 801 sqft. The unit has 4 registered sales; the first was AED 1,653,396 in August 2009.

What is the rent for unit 4903?

AED 68,970 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 62,700; the unit has been rented since August 2020.

How big is unit 4903?

801 sqft (74.4 sqm): a one-bedroom apartment on the 49th floor of a 83-storey tower completed in 2012.

What is unit 4903 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 4903, Elite Residence

Starts from the last sale price (AED 1.7M, 27 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,700,000
Deposit, UAE resident (20%)
AED 340,000
Deposit, non-resident (40%)
AED 680,000
Monthly over 25 years at 3.7%
AED 6,955

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