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2-bed · 1,331 sqftElite Residence, Dubai Marina · 53rd floor · completed 2012

5311, Elite Residence

Sold prices and rental history: sold twice, last in November 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5311 · DLD and Ejari recordsUpdated 21 November 2012
Last soldAED 1.04M21 November 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 5311, Elite Residence

What is 5311 worth today?

Last sold for AED 1,044,844 in 2012

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21 Nov 2012SoldReady
AED 1,044,844AED 785 per sqft
17 Aug 2009Sold by developerOff-plan
AED 2,089,688AED 1,570 per sqft

Source: Dubai Land Department. Updated 21 November 2012.

Key facts

Type
2-bed apartment
Size
1,331 sqft
Floor
53rd of 83
Parking
G-03,P4-86
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 17,400 /yr
Last sold
AED 1.04M · November 2012
Building
Elite Residence

About 5311, Elite Residence

5311 is a two-bedroom apartment of 1,331 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 21 November 2012 for AED 1,044,844, or AED 785 per sqft, 30% below the AED 1,116 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5311 over time

Sales
Unit 5311, 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, August 2009: AED 2,089,688 (AED 1,570 per sqft)Sold, November 2012: AED 1,044,844 (AED 785 per sqft)

5311 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5311, 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 5311 sits

All 208 2-beds →

5311 last sold in November 2012 at AED 785 per sqft, 30% below what two-beds in Elite Residence were fetching at the time (AED 1,116). 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 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
53041-bedAED 800K · Aug 2020
53052-bedAED 2.39M · Nov 2013
53061-bedAED 1.5M · Feb 2014
53071-bedAED 1.25M · Nov 2026
1–7 of 11

5311, Elite Residence in numbers

  • Sold twice: first on 17 August 2009 for AED 2,089,688, last on 21 November 2012 for AED 1,044,844 (AED 785 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 21 November 2012.

Questions about 5311, Elite Residence

What did unit 5311 last sell for?

AED 1,044,844 on 21 November 2012: AED 785 per sqft for 1,331 sqft. The unit has 2 registered sales; the first was AED 2,089,688 in August 2009.

How big is unit 5311?

1,331 sqft (123.7 sqm): a two-bedroom apartment on the 53rd floor of a 83-storey tower completed in 2012.

What is unit 5311 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 5311, Elite Residence

Starts from the last sale price (AED 1.04M, 21 November 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,044,844
Deposit, UAE resident (20%)
AED 208,969
Deposit, non-resident (40%)
AED 417,938
Monthly over 25 years at 3.7%
AED 4,275

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