1-bed · 802 sqftElite Residence, Dubai Marina · 49th floor · completed 2012

4904, Elite Residence

Sold prices and rental history: sold 3 times, last in March 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4904 · DLD and Ejari recordsUpdated 1 October 2020
Last soldAED 1.35M4 March 2013
Current rentAED 55K /yr1 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4904, Elite Residence

What is 4904 worth today?

Last sold for AED 1,350,000 in 2013

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1 Oct 2020RentedNew contract
AED 55,000/yr12 months · AED 68 per sqft
30 Jan 2020RentedRenewal
AED 75,000/yr12 months · AED 93 per sqft
30 Jan 2019RentedRenewal
AED 83,000/yr12 months · AED 103 per sqft
30 Jan 2018RentedNew contract
AED 100,000/yr12 months · AED 124 per sqft
5 Jan 2017RentedNew contract
AED 110,000/yr12 months · AED 136 per sqft
15 Oct 2015RentedRenewal
AED 100,000/yr12 months · AED 124 per sqft
15 Oct 2014RentedRenewal
AED 100,000/yr12 months · AED 124 per sqft
15 Oct 2013RentedNew contract
AED 100,000/yr12 months · AED 124 per sqft

Source: Dubai Land Department. Updated 1 October 2020.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
49th of 83
Parking
B2-10
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 1.35M · March 2013

About 4904, Elite Residence

4904 is a one-bedroom apartment of 802 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 4 March 2013 for AED 1,350,000, or AED 1,683 per sqft, 23% above the AED 1,373 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 1 October 2020, is AED 55,000 a year: a gross yield of 4.1% on the 2013 price, before the service charge of about AED 10,500 a year.

Sales and rents for 4904 over time

Sales
Unit 4904, 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 1,661,747 (AED 2,072 per sqft)Sold, January 2013: AED 1,661,747 (AED 2,072 per sqft)Sold, March 2013: AED 1,350,000 (AED 1,683 per sqft)

4904 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 4904, each contractTypical one-bed in Elite Residence
50K75K100K2012201620202024Typical 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, May 2013: AED 97,000 a yearNew contract, October 2013: AED 100,000 a yearRenewal, October 2014: AED 100,000 a yearRenewal, October 2015: AED 100,000 a yearNew contract, January 2017: AED 110,000 a yearNew contract, January 2018: AED 100,000 a yearRenewal, January 2019: AED 83,000 a yearRenewal, January 2020: AED 75,000 a yearNew contract, October 2020: AED 55,000 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 4904 sits

All 416 1-beds →

4904 last sold in March 2013 at AED 1,683 per sqft, 23% above what one-beds in Elite Residence were fetching at the time (AED 1,373). 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. 4904's AED 55,000 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
49011-bedAED 2.3M · Aug 2024
49022-bedAED 1.8M · Jul 2018
49031-bedAED 1.7M · Feb 2024
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

4904, Elite Residence in numbers

  • Sold 3 times: first on 10 August 2009 for AED 1,661,747, last on 4 March 2013 for AED 1,350,000 (AED 1,683 per sqft).
  • Rented since May 2013 on 9 Ejari contracts, from AED 97,000 to AED 55,000 a year.
  • At AED 55,000 a year the gross yield on the 2013 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 1 October 2020.

Questions about 4904, Elite Residence

What did unit 4904 last sell for?

AED 1,350,000 on 4 March 2013: AED 1,683 per sqft for 802 sqft. The unit has 3 registered sales; the first was AED 1,661,747 in August 2009.

What is the rent for unit 4904?

AED 55,000 a year on the contract signed on 1 October 2020. The previous contract, from January 2020, was AED 75,000; the unit has been rented since May 2013.

How big is unit 4904?

802 sqft (74.5 sqm): a one-bedroom apartment on the 49th floor of a 83-storey tower completed in 2012.

What is unit 4904 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 4904, Elite Residence

Starts from the last sale price (AED 1.35M, 4 March 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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