1-bed · 802 sqftElite Residence, Dubai Marina · 53rd floor · completed 2012

5304, Elite Residence

Sold prices and rental history: sold 3 times, last in August 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5304 · DLD and Ejari recordsUpdated 1 October 2021
Last soldAED 800K11 August 2020
Current rentAED 60K /yr1 October 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5304, Elite Residence

What is 5304 worth today?

Last sold for AED 800,000 in 2020

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1 Oct 2021RentedNew contract
AED 60,000/yr12 months · AED 74 per sqft
16 Sep 2020RentedNew contract
AED 55,000/yr12 months · AED 68 per sqft
11 Aug 2020SoldReady
AED 800,000AED 997 per sqft
20 Mar 2019RentedRenewal
AED 84,000/yr12 months · AED 104 per sqft
20 Mar 2018RentedRenewal
AED 94,500/yr12 months · AED 117 per sqft
20 Mar 2017RentedRenewal
AED 94,500/yr12 months · AED 117 per sqft
20 Mar 2016RentedRenewal
AED 94,500/yr12 months · AED 117 per sqft
20 Mar 2015RentedRenewal
AED 94,500/yr12 months · AED 117 per sqft

Source: Dubai Land Department. Updated 1 October 2021.

Key facts

Type
1-bed apartment
Size
802 sqft
Floor
53rd of 83
Parking
P2-52
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 800K · August 2020

About 5304, Elite Residence

5304 is a one-bedroom apartment of 802 sqft on the 53rd floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 11 August 2020 for AED 800,000, or AED 997 per sqft, in line with the AED 972 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, signed on 1 October 2021, is AED 60,000 a year: a gross yield of 7.5% on the 2020 price, before the service charge of about AED 10,500 a year.

Sales and rents for 5304 over time

Sales
Unit 5304, each saleTypical one-bed in Elite Residence
1M1.5M2009201420192024Typical 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 1,685,211 (AED 2,101 per sqft)Sold, September 2012: AED 1,685,211 (AED 2,101 per sqft)Sold, August 2020: AED 800,000 (AED 997 per sqft)

5304 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5304, 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, March 2014: AED 90,000 a yearRenewal, March 2015: AED 94,500 a yearRenewal, March 2016: AED 94,500 a yearRenewal, March 2017: AED 94,500 a yearRenewal, March 2018: AED 94,500 a yearRenewal, March 2019: AED 84,000 a yearNew contract, September 2020: AED 55,000 a yearNew contract, October 2021: AED 60,000 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 5304 sits

All 416 1-beds →

5304 last sold in August 2020 at AED 997 per sqft, in line with what one-beds in Elite Residence were fetching at the time (AED 972). 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. 5304's AED 60,000 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 53rd floor

All 697 units in Elite Residence
Value
53011-bedAED 1.22M · Jun 2026
53022-bedAED 1.85M · Nov 2017
53031-bedAED 2.08M · May 2014
53052-bedAED 2.39M · Nov 2013
53061-bedAED 1.5M · Feb 2014
53071-bedAED 1.25M · Nov 2026
53082-bedAED 1.6M · May 2018
1–7 of 11

5304, Elite Residence in numbers

  • Sold 3 times: first on 13 August 2009 for AED 1,685,211, last on 11 August 2020 for AED 800,000 (AED 997 per sqft).
  • Rented since March 2014 on 8 Ejari contracts, from AED 90,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2020 price is 7.5%, before a service charge of about AED 10,500 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 1 October 2021.

Questions about 5304, Elite Residence

What did unit 5304 last sell for?

AED 800,000 on 11 August 2020: AED 997 per sqft for 802 sqft. The unit has 3 registered sales; the first was AED 1,685,211 in August 2009.

What is the rent for unit 5304?

AED 60,000 a year on the contract signed on 1 October 2021. The previous contract, from September 2020, was AED 55,000; the unit has been rented since March 2014.

How big is unit 5304?

802 sqft (74.5 sqm): a one-bedroom apartment on the 53rd floor of a 83-storey tower completed in 2012.

What is unit 5304 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 5304, Elite Residence

Starts from the last sale price (AED 800K, 11 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 800,000
Deposit, UAE resident (20%)
AED 160,000
Deposit, non-resident (40%)
AED 320,000
Monthly over 25 years at 3.7%
AED 3,273

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