5503, Elite Residence
Sold prices and rental history: sold twice, last in October 2015, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5503, Elite Residence
What is 5503 worth today?
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Source: Dubai Land Department. Updated 31 January 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 801 sqft
- Floor
- 55th of 83
- Parking
- P1-62
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 10,500 /yr
- Last sold
- AED 1.6M · October 2015
- Building
- Elite Residence
About 5503, Elite Residence
5503 is a one-bedroom apartment of 801 sqft on the 55th floor of Elite Residence, a 83-storey tower in Dubai Marina completed in 2012 by Tameer Holding Investment. It last sold on 6 October 2015 for AED 1,600,000, or AED 1,996 per sqft, 47% above the AED 1,354 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 31 January 2025, is AED 98,000 a year: a gross yield of 6.1% on the 2015 price, before the service charge of about AED 10,500 a year.
Sales and rents for 5503 over time
5503 has sold twice; the dashed line is the one-bed median of each year in the building.
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 5503 sits
All 416 1-beds →5503 last sold in October 2015 at AED 1,996 per sqft, 47% above what one-beds in Elite Residence were fetching at the time (AED 1,354). 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. 5503's AED 98,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 3 Nov 20263 November 2026 | 737 sqft | 1,400,000 | 1,900 | ||
| 2 Nov 20262 November 2026 | 959 sqft | 1,250,000 | 1,303 | ||
| 16 Oct 202616 October 2026 | 737 sqft | 1,160,000 | 1,574 | ||
| 7 Oct 20267 October 2026 | 959 sqft | 1,530,677 | 1,595 |
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 55th floor
All 697 units in Elite Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 5501 | 1-bed | 960 sqft | AED 1.14MAED 1,140,000 · May 2023May 2023 | 60,000 /yr | |
| 5502 | 2-bed | 1,331 sqft | AED 1.9MAED 1,900,000 · May 2023May 2023 | 70,000 /yr | |
| 5504 | 1-bed | 802 sqft | AED 1.52MAED 1,520,000 · Aug 2013August 2013 | 85,000 /yr | |
| 5505 | 2-bed | 1,330 sqft | AED 2MAED 2,000,000 · Nov 2022November 2022 | 145,000 /yr | |
| 5506 | 1-bed | 960 sqft | AED 1.03MAED 1,030,000 · Jul 2022July 2022 | 72,000 /yr | |
| 5507 | 1-bed | 959 sqft | AED 1.28MAED 1,275,000 · Aug 2013August 2013 | 83,000 /yr | |
| 5508 | 2-bed | 1,331 sqft | AED 725KAED 725,000 · Feb 2018February 2018 | 125,000 /yr | |
| 5509 | 1-bed | 737 sqft | AED 1.23MAED 1,230,000 · Jan 2026January 2026 | 90,000 /yr | |
| 5510 | 1-bed | 737 sqft | AED 1.22MAED 1,220,000 · Sep 2013September 2013 | 85,000 /yr | |
| 5511 | 2-bed | 1,331 sqft | AED 1.97MAED 1,970,000 · Sep 2013September 2013 | 120,000 /yr | |
| 5512 | 1-bed | 960 sqft | AED 1.53MAED 1,530,000 · Dec 2014December 2014 | 78,000 /yr |
5503, Elite Residence in numbers
- Sold twice: first on 4 August 2013 for AED 1,520,000, last on 6 October 2015 for AED 1,600,000 (AED 1,996 per sqft).
- Rented since October 2013 on 12 Ejari contracts. The rent fell from AED 95,000 to AED 58,000 in 2021 and recovered to AED 98,000 by January 2025.
- At AED 98,000 a year the gross yield on the 2015 price is 6.1%, 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 31 January 2025.
Questions about 5503, Elite Residence
What did unit 5503 last sell for?
AED 1,600,000 on 6 October 2015: AED 1,996 per sqft for 801 sqft. The unit has 2 registered sales; the first was AED 1,520,000 in August 2013.
What is the rent for unit 5503?
AED 98,000 a year on the contract renewed on 31 January 2025. The previous contract, from January 2024, was AED 98,000; the unit has been rented since October 2013.
How big is unit 5503?
801 sqft (74.4 sqm): a one-bedroom apartment on the 55th floor of a 83-storey tower completed in 2012.
What is unit 5503 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 5503, Elite Residence
Starts from the last sale price (AED 1.6M, 6 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 1,600,000
- Deposit, UAE resident (20%)
- AED 320,000
- Deposit, non-resident (40%)
- AED 640,000
- Monthly over 25 years at 3.7%
- AED 6,546
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →