1-bed · 801 sqftElite Residence, Dubai Marina · 54th floor · completed 2012

5403, Elite Residence

Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5403 · DLD and Ejari recordsUpdated 17 September 2022
Last soldAED 1.69M27 December 2012
Current rentAED 74K /yr17 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5403, Elite Residence

What is 5403 worth today?

Last sold for AED 1,688,990 in 2012

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

17 Sep 2022RentedRenewal
AED 73,500/yr12 months · AED 92 per sqft
17 Sep 2021RentedNew contract
AED 70,000/yr12 months · AED 88 per sqft
22 Oct 2020RentedRenewal
AED 80,000/yr12 months · AED 100 per sqft
15 Sep 2019RentedNew contract
AED 90,000/yr13 months · AED 113 per sqft
22 Oct 2018RentedRenewal
AED 100,000/yr12 months · AED 126 per sqft
22 Oct 2017RentedRenewal
AED 105,000/yr12 months · AED 132 per sqft
22 Oct 2016RentedRenewal
AED 115,000/yr12 months · AED 144 per sqft
22 Oct 2015RentedNew contract
AED 115,000/yr12 months · AED 144 per sqft

Source: Dubai Land Department. Updated 17 September 2022.

Key facts

Type
1-bed apartment
Size
801 sqft
Floor
54th of 83
Parking
P1-02
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 10,500 /yr
Last sold
AED 1.69M · December 2012

About 5403, Elite Residence

5403 is a one-bedroom apartment of 801 sqft on the 54th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 27 December 2012 for AED 1,688,990, or AED 2,107 per sqft, 55% above the AED 1,356 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 17 September 2022, is AED 73,500 a year: a gross yield of 4.3% on the 2012 price, before the service charge of about AED 10,500 a year.

Sales and rents for 5403 over time

Sales
Unit 5403, 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 1,688,990 (AED 2,107 per sqft)Sold, December 2012: AED 1,688,990 (AED 2,107 per sqft)

5403 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5403, each contractTypical one-bed in Elite Residence
50K100K2012201620202024Typical 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, October 2013: AED 100,000 a yearNew contract, December 2014: AED 117,000 a yearNew contract, October 2015: AED 115,000 a yearRenewal, October 2016: AED 115,000 a yearRenewal, October 2017: AED 105,000 a yearRenewal, October 2018: AED 100,000 a yearNew contract, September 2019: AED 90,000 a yearRenewal, October 2020: AED 80,000 a yearNew contract, September 2021: AED 70,000 a yearRenewal, September 2022: AED 73,500 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 5403 sits

All 416 1-beds →

5403 last sold in December 2012 at AED 2,107 per sqft, 55% above what one-beds in Elite Residence were fetching at the time (AED 1,356). 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. 5403's AED 73,500 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 54th floor

All 697 units in Elite Residence
Value
54011-bedAED 1.23M · Nov 2023
54022-bedAED 2.8M · May 2014
54041-bedAED 1.43M · Mar 2023
54052-bedAED 2.2M · Sep 2013
54061-bedAED 1.29M · Jul 2016
54071-bedAED 1.43M · Jul 2014
54082-bedAED 1.5M · Sep 2013
1–7 of 11

5403, Elite Residence in numbers

  • Sold twice: first on 13 August 2009 for AED 1,688,990, last on 27 December 2012 for AED 1,688,990 (AED 2,107 per sqft).
  • Rented since October 2013 on 10 Ejari contracts, from AED 100,000 to AED 73,500 a year.
  • At AED 73,500 a year the gross yield on the 2012 price is 4.3%, 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 17 September 2022.

Questions about 5403, Elite Residence

What did unit 5403 last sell for?

AED 1,688,990 on 27 December 2012: AED 2,107 per sqft for 801 sqft. The unit has 2 registered sales; the first was AED 1,688,990 in August 2009.

What is the rent for unit 5403?

AED 73,500 a year on the contract renewed on 17 September 2022. The previous contract, from September 2021, was AED 70,000; the unit has been rented since October 2013.

How big is unit 5403?

801 sqft (74.4 sqm): a one-bedroom apartment on the 54th floor of a 83-storey tower completed in 2012.

What is unit 5403 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.

Selling 5403? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 5403, Elite Residence

Starts from the last sale price (AED 1.69M, 27 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,688,990
Deposit, UAE resident (20%)
AED 337,798
Deposit, non-resident (40%)
AED 675,596
Monthly over 25 years at 3.7%
AED 6,910

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