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2-bed · 1,331 sqftElite Residence, Dubai Marina · 50th floor · completed 2012

5002, Elite Residence

Sold prices and rental history: sold 3 times, last in August 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5002 · DLD and Ejari recordsUpdated 20 August 2024
Last soldAED 1.96M20 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5002, Elite Residence

What is 5002 worth today?

Last sold for AED 1,955,000 in 2024

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20 Aug 2024SoldReady
AED 1,955,000AED 1,469 per sqft
4 Nov 2013SoldReady
AED 2,200,000AED 1,653 per sqft
30 Jun 2013Sold by developerReady
AED 1,900,000AED 1,427 per sqft

Source: Dubai Land Department. Updated 20 August 2024.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
50th of 83
Parking
P2-74
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.96M · August 2024
Building
Elite Residence

About 5002, Elite Residence

5002 is a two-bedroom apartment of 1,331 sqft on the 50th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 20 August 2024 for AED 1,955,000, or AED 1,469 per sqft, in line with the AED 1,428 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5002 over time

Sales
Unit 5002, 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, June 2013: AED 1,900,000 (AED 1,427 per sqft)Sold, November 2013: AED 2,200,000 (AED 1,653 per sqft)Sold, August 2024: AED 1,955,000 (AED 1,469 per sqft)

5002 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5002, 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 120,000

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 5002 sits

All 208 2-beds →

5002 last sold in August 2024 at AED 1,469 per sqft, in line with what two-beds in Elite Residence were fetching at the time (AED 1,428). 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.

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 50th floor

All 697 units in Elite Residence
Value
50011-bedAED 1.38M · Aug 2009
50031-bedAED 1.73M · Apr 2017
50041-bedAED 1.05M · Oct 2022
50052-bedAED 2.4M · Dec 2013
50061-bedAED 1.7M · Aug 2013
50071-bedAED 1.21M · May 2013
50082-bedAED 1.8M · Jan 2024
1–7 of 11

5002, Elite Residence in numbers

  • Sold 3 times: first on 30 June 2013 for AED 1,900,000, last on 20 August 2024 for AED 1,955,000 (AED 1,469 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 August 2024.

Questions about 5002, Elite Residence

What did unit 5002 last sell for?

AED 1,955,000 on 20 August 2024: AED 1,469 per sqft for 1,331 sqft. The unit has 3 registered sales; the first was AED 1,900,000 in June 2013.

How big is unit 5002?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 50th floor of a 83-storey tower completed in 2012.

What is unit 5002 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 5002, Elite Residence

Starts from the last sale price (AED 1.96M, 20 August 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,955,000
Deposit, UAE resident (20%)
AED 391,000
Deposit, non-resident (40%)
AED 782,000
Monthly over 25 years at 3.7%
AED 7,999

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