2-bed · 1,331 sqftElite Residence, Dubai Marina · 49th floor · completed 2012

4911, Elite Residence

Sold prices and rental history: sold 4 times, last in July 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4911 · DLD and Ejari recordsUpdated 3 July 2023
Last soldAED 1.65M3 July 2023
Current rentAED 90K /yr7 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4911, Elite Residence

What is 4911 worth today?

Last sold for AED 1,650,000 in 2023

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3 Jul 2023SoldReady
AED 1,650,000AED 1,240 per sqft
7 Mar 2020RentedNew contract
AED 90,000/yr13 months · AED 67 per sqft
12 Aug 2019RentedRenewal
AED 115,000/yr6 months · AED 86 per sqft
12 Feb 2019RentedRenewal
AED 115,000/yr6 months · AED 86 per sqft
12 Feb 2018RentedNew contract
AED 115,000/yr12 months · AED 86 per sqft
12 Dec 2017SoldReady
AED 1,490,000AED 1,119 per sqft
1 Aug 2013RentedNew contract
AED 110,000/yr12 months · AED 82 per sqft
4 Feb 2013SoldReady
AED 2,248,971AED 1,690 per sqft

Source: Dubai Land Department. Updated 3 July 2023.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
49th of 83
Parking
B2-44
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.65M · July 2023

About 4911, Elite Residence

4911 is a two-bedroom apartment of 1,331 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 3 July 2023 for AED 1,650,000, or AED 1,240 per sqft, in line with the AED 1,204 two-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 7 March 2020, is AED 90,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 17,400 a year.

Sales and rents for 4911 over time

Sales
Unit 4911, each saleTypical two-bed in Elite Residence
1M2M2009201420192024Typical 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, August 2009: AED 2,248,971 (AED 1,690 per sqft)Sold, February 2013: AED 2,248,971 (AED 1,690 per sqft)Sold, December 2017: AED 1,490,000 (AED 1,119 per sqft)Sold, July 2023: AED 1,650,000 (AED 1,240 per sqft)

4911 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 4911, 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, August 2013: AED 110,000 a yearNew contract, February 2018: AED 115,000 a yearRenewal, February 2019: AED 115,000 a yearRenewal, August 2019: AED 115,000 a yearNew contract, March 2020: AED 90,000 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 4911 sits

All 208 2-beds →

4911 last sold in July 2023 at AED 1,240 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 1,204). 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. 4911's AED 90,000 is in the lower half 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 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
49041-bedAED 1.35M · Mar 2013
49052-bedAED 2M · Feb 2013
49061-bedAED 1.14M · Oct 2015
49071-bedAED 1.3M · Jun 2013
1–7 of 11

4911, Elite Residence in numbers

  • Sold 4 times: first on 10 August 2009 for AED 2,248,971, last on 3 July 2023 for AED 1,650,000 (AED 1,240 per sqft).
  • Rented since August 2013 on 5 Ejari contracts, from AED 110,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2023 price is 5.5%, 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 3 July 2023.

Questions about 4911, Elite Residence

What did unit 4911 last sell for?

AED 1,650,000 on 3 July 2023: AED 1,240 per sqft for 1,331 sqft. The unit has 4 registered sales; the first was AED 2,248,971 in August 2009.

What is the rent for unit 4911?

AED 90,000 a year on the contract signed on 7 March 2020. The previous contract, from August 2019, was AED 115,000; the unit has been rented since August 2013.

How big is unit 4911?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 49th floor of a 83-storey tower completed in 2012.

What is unit 4911 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.

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Mortgage on 4911, Elite Residence

Starts from the last sale price (AED 1.65M, 3 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,650,000
Deposit, UAE resident (20%)
AED 330,000
Deposit, non-resident (40%)
AED 660,000
Monthly over 25 years at 3.7%
AED 6,751

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