1-bed · 737 sqftElite Residence, Dubai Marina · 51st floor · completed 2012

5110, Elite Residence

Sold prices and rental history: sold 3 times, last in October 2013, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5110 · DLD and Ejari recordsUpdated 17 May 2018
Last soldAED 1.25M3 October 2013
Current rentAED 80K /yr17 May 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5110, Elite Residence

What is 5110 worth today?

Last sold for AED 1,250,000 in 2013

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17 May 2018RentedNew contract
AED 80,000/yr12 months · AED 109 per sqft
20 Nov 2016RentedNew contract
AED 90,000/yr12 months · AED 123 per sqft
26 Jun 2015RentedNew contract
AED 95,000/yr12 months · AED 130 per sqft
3 Oct 2013SoldReady
AED 1,250,000AED 1,696 per sqft
27 Dec 2012SoldReady
AED 615,251AED 835 per sqft
10 Aug 2009Sold by developerOff-plan
AED 1,230,502AED 1,670 per sqft

Source: Dubai Land Department. Updated 17 May 2018.

Key facts

Type
1-bed apartment
Size
737 sqft
Floor
51st of 83
Parking
P2-54
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 9,700 /yr
Last sold
AED 1.25M · October 2013

About 5110, Elite Residence

5110 is a one-bedroom apartment of 737 sqft on the 51st floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 3 October 2013 for AED 1,250,000, or AED 1,696 per sqft, 22% above the AED 1,391 one-beds in the building were fetching at the time.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 17 May 2018, is AED 80,000 a year: a gross yield of 6.4% on the 2013 price, before the service charge of about AED 9,700 a year.

Sales and rents for 5110 over time

Sales
Unit 5110, each saleTypical one-bed in Elite Residence
500K1M1.5M2009201420192024Typical 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 1,230,502 (AED 1,670 per sqft)Sold, December 2012: AED 615,251 (AED 835 per sqft)Sold, October 2013: AED 1,250,000 (AED 1,696 per sqft)

5110 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5110, 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, June 2015: AED 95,000 a yearNew contract, November 2016: AED 90,000 a yearNew contract, May 2018: AED 80,000 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 5110 sits

All 416 1-beds →

5110 last sold in October 2013 at AED 1,696 per sqft, 22% above what one-beds in Elite Residence were fetching at the time (AED 1,391). 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. 5110's AED 80,000 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 51st floor

All 697 units in Elite Residence
Value
51011-bedAED 1.25M · May 2024
51022-bedAED 2M · Feb 2024
51031-bedAED 1.47M · Dec 2012
51041-bedAED 1.5M · Dec 2023
51052-bedAED 2.2M · Dec 2021
51061-bedAED 1.2M · Dec 2024
51071-bedAED 1.08M · Feb 2013
1–7 of 11

5110, Elite Residence in numbers

  • Sold 3 times: first on 10 August 2009 for AED 1,230,502, last on 3 October 2013 for AED 1,250,000 (AED 1,696 per sqft).
  • Rented since June 2015 on 3 Ejari contracts, from AED 95,000 to AED 80,000 a year.
  • At AED 80,000 a year the gross yield on the 2013 price is 6.4%, before a service charge of about AED 9,700 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 17 May 2018.

Questions about 5110, Elite Residence

What did unit 5110 last sell for?

AED 1,250,000 on 3 October 2013: AED 1,696 per sqft for 737 sqft. The unit has 3 registered sales; the first was AED 1,230,502 in August 2009.

What is the rent for unit 5110?

AED 80,000 a year on the contract signed on 17 May 2018. The previous contract, from November 2016, was AED 90,000; the unit has been rented since June 2015.

How big is unit 5110?

737 sqft (68.5 sqm): a one-bedroom apartment on the 51st floor of a 83-storey tower completed in 2012.

What is unit 5110 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 5110, Elite Residence

Starts from the last sale price (AED 1.25M, 3 October 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,250,000
Deposit, UAE resident (20%)
AED 250,000
Deposit, non-resident (40%)
AED 500,000
Monthly over 25 years at 3.7%
AED 5,114

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