5111, Elite Residence
Sold prices and rental history: sold 3 times, last in August 2021, and rented once, from September 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5111, Elite Residence
What is 5111 worth today?
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Source: Dubai Land Department. Updated 23 August 2021.
Key facts
- Type
- 2-bed apartment
- Size
- 1,331 sqft
- Floor
- 51st of 83
- Parking
- P2-46
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 1.1M · August 2021
- Building
- Elite Residence
About 5111, Elite Residence
5111 is a two-bedroom apartment of 1,331 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 23 August 2021 for AED 1,100,000, or AED 826 per sqft, 8% above the AED 767 two-beds in the building were fetching at the time.
One Ejari contract is registered, from 1 September 2016. The current contract, signed on 1 September 2016, is AED 110,000 a year: a gross yield of 10.0% on the 2021 price, before the service charge of about AED 17,400 a year.
Sales and rents for 5111 over time
5111 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 5111 sits
All 208 2-beds →5111 last sold in August 2021 at AED 826 per sqft, 8% above what two-beds in Elite Residence were fetching at the time (AED 767). 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. 5111's AED 110,000 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 51st floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5101 | 1-bed | 960 sqft | AED 1.25MAED 1,250,000 · May 2024May 2024 | 100,000 /yr | |
| 5102 | 2-bed | 1,331 sqft | AED 2MAED 2,000,000 · Feb 2024February 2024 | 160,000 /yr | |
| 5103 | 1-bed | 801 sqft | AED 1.47MAED 1,466,000 · Dec 2012December 2012 | 125,000 /yr | |
| 5104 | 1-bed | 802 sqft | AED 1.5MAED 1,500,000 · Dec 2023December 2023 | ||
| 5105 | 2-bed | 1,330 sqft | AED 2.2MAED 2,200,000 · Dec 2021December 2021 | 76,000 /yr | |
| 5106 | 1-bed | 960 sqft | AED 1.2MAED 1,200,000 · Dec 2024December 2024 | 84,000 /yr | |
| 5107 | 1-bed | 959 sqft | AED 1.08MAED 1,077,000 · Feb 2013February 2013 | 80,000 /yr | |
| 5108 | 2-bed | 1,331 sqft | AED 2.12MAED 2,120,000 · Mar 2014March 2014 | 130,000 /yr | |
| 5109 | 1-bed | 737 sqft | AED 1.41MAED 1,410,000 · May 2014May 2014 | 75,000 /yr | |
| 5110 | 1-bed | 737 sqft | AED 1.25MAED 1,250,000 · Oct 2013October 2013 | 80,000 /yr | |
| 5112 | 1-bed | 960 sqft | AED 1.3MAED 1,300,000 · Nov 2016November 2016 |
5111, Elite Residence in numbers
- Sold 3 times: first on 13 August 2009 for AED 2,080,318, last on 23 August 2021 for AED 1,100,000 (AED 826 per sqft).
- Rented since September 2016 on one Ejari contract, at AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2021 price is 10.0%, 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 23 August 2021.
Questions about 5111, Elite Residence
What did unit 5111 last sell for?
AED 1,100,000 on 23 August 2021: AED 826 per sqft for 1,331 sqft. The unit has 3 registered sales; the first was AED 2,080,318 in August 2009.
What is the rent for unit 5111?
AED 110,000 a year on the contract signed on 1 September 2016.
How big is unit 5111?
1,331 sqft (123.7 sqm): a two-bedroom apartment on the 51st floor of a 83-storey tower completed in 2012.
What is unit 5111 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 5111, Elite Residence
Starts from the last sale price (AED 1.1M, 23 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 1,100,000
- Deposit, UAE resident (20%)
- AED 220,000
- Deposit, non-resident (40%)
- AED 440,000
- Monthly over 25 years at 3.7%
- AED 4,500
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →