5005, Elite Residence
Sold prices and rental history: sold 3 times, last in December 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5005, Elite Residence
What is 5005 worth today?
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Source: Dubai Land Department. Updated 14 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,330 sqft
- Floor
- 50th of 83
- Parking
- B2-73
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 2.4M · December 2013
- Building
- Elite Residence
About 5005, Elite Residence
5005 is a two-bedroom apartment of 1,330 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 12 December 2013 for AED 2,400,000, or AED 1,804 per sqft, 16% above the AED 1,551 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 14 May 2024, is AED 116,600 a year: a gross yield of 4.9% on the 2013 price, before the service charge of about AED 17,400 a year.
Sales and rents for 5005 over time
5005 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 5005 sits
All 208 2-beds →5005 last sold in December 2013 at AED 1,804 per sqft, 16% above what two-beds in Elite Residence were fetching at the time (AED 1,551). 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. 5005's AED 116,600 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 21 Oct 202621 October 2026 | 1,329 sqft | 2,000,000 | 1,504 | ||
| 2 Sep 20262 September 2026 | 1,330 sqft | 2,270,000 | 1,706 | ||
| 8 Jul 20268 July 2026 | 1,330 sqft | 2,060,000 | 1,548 | ||
| 7 Jul 20267 July 2026 | 1,329 sqft | 1,810,000 | 1,362 |
Elite Residence
Building697 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%
Other units on the 50th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5001 | 1-bed | 960 sqft | AED 1.38MAED 1,383,445 · Aug 2009August 2009 | 101,252 /yr | |
| 5002 | 2-bed | 1,331 sqft | AED 1.96MAED 1,955,000 · Aug 2024August 2024 | ||
| 5003 | 1-bed | 801 sqft | AED 1.73MAED 1,725,000 · Apr 2017April 2017 | 80,000 /yr | |
| 5004 | 1-bed | 802 sqft | AED 1.05MAED 1,050,000 · Oct 2022October 2022 | 90,000 /yr | |
| 5006 | 1-bed | 960 sqft | AED 1.7MAED 1,700,000 · Aug 2013August 2013 | 105,250 /yr | |
| 5007 | 1-bed | 959 sqft | AED 1.21MAED 1,210,000 · May 2013May 2013 | 85,000 /yr | |
| 5008 | 2-bed | 1,331 sqft | AED 1.8MAED 1,800,000 · Jan 2024January 2024 | 130,000 /yr | |
| 5009 | 1-bed | 737 sqft | AED 1.15MAED 1,150,000 · Feb 2024February 2024 | 75,000 /yr | |
| 5010 | 1-bed | 737 sqft | AED 1.23MAED 1,227,730 · Oct 2014October 2014 | 90,000 /yr | |
| 5011 | 2-bed | 1,331 sqft | AED 2.08MAED 2,075,632 · Dec 2012December 2012 | 100,270 /yr | |
| 5012 | 1-bed | 960 sqft | AED 1.16MAED 1,160,000 · Jun 2023June 2023 | 110,000 /yr |
5005, Elite Residence in numbers
- Sold 3 times: first on 10 August 2009 for AED 2,767,510, last on 12 December 2013 for AED 2,400,000 (AED 1,804 per sqft).
- Rented since March 2013 on 9 Ejari contracts. The rent fell from AED 120,000 to AED 75,000 in 2021 and recovered to AED 116,600 by May 2024.
- At AED 116,600 a year the gross yield on the 2013 price is 4.9%, 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 14 May 2024.
Questions about 5005, Elite Residence
What did unit 5005 last sell for?
AED 2,400,000 on 12 December 2013: AED 1,804 per sqft for 1,330 sqft. The unit has 3 registered sales; the first was AED 2,767,510 in August 2009.
What is the rent for unit 5005?
AED 116,600 a year on the contract renewed on 14 May 2024. The previous contract, from May 2024, was AED 116,600; the unit has been rented since March 2013.
How big is unit 5005?
1,330 sqft (123.6 sqm): a two-bedroom apartment on the 50th floor of a 83-storey tower completed in 2012.
What is unit 5005 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 5005, Elite Residence
Starts from the last sale price (AED 2.4M, 12 December 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 2,400,000
- Deposit, UAE resident (20%)
- AED 480,000
- Deposit, non-resident (40%)
- AED 960,000
- Monthly over 25 years at 3.7%
- AED 9,819
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →