5508, Elite Residence
Sold prices and rental history: sold twice, last in February 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 5508, Elite Residence
What is 5508 worth today?
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Source: Dubai Land Department. Updated 13 February 2018.
Key facts
- Type
- 2-bed apartment
- Size
- 1,331 sqft
- Floor
- 55th of 83
- Parking
- B1-71
- Developer
- Tameer Holding Investment
- Completed
- 2012
- Service charge
- AED 17,400 /yr
- Last sold
- AED 725K · February 2018
- Building
- Elite Residence
About 5508, Elite Residence
5508 is a two-bedroom apartment of 1,331 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 13 February 2018 for AED 725,000, or AED 544 per sqft, 55% below the AED 1,210 two-beds in the building were fetching at the time.
It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 15 September 2013, is AED 115,000 a year: a gross yield of 15.9% on the 2018 price, before the service charge of about AED 17,400 a year.
Sales and rents for 5508 over time
5508 has sold twice; 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 5508 sits
All 208 2-beds →5508 last sold in February 2018 at AED 544 per sqft, 55% below what two-beds in Elite Residence were fetching at the time (AED 1,210). 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. 5508's AED 115,000 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 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 | |
| 5503 | 1-bed | 801 sqft | AED 1.6MAED 1,600,000 · Oct 2015October 2015 | 98,000 /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 | |
| 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 |
5508, Elite Residence in numbers
- Sold twice: first on 6 August 2013 for AED 1,607,000, last on 13 February 2018 for AED 725,000 (AED 544 per sqft).
- Rented since September 2013 on 2 Ejari contracts, from AED 125,000 to AED 115,000 a year.
- At AED 115,000 a year the gross yield on the 2018 price is 15.9%, 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 13 February 2018.
Questions about 5508, Elite Residence
What did unit 5508 last sell for?
AED 725,000 on 13 February 2018: AED 544 per sqft for 1,331 sqft. The unit has 2 registered sales; the first was AED 1,607,000 in August 2013.
What is the rent for unit 5508?
AED 115,000 a year on the contract signed on 15 September 2013. The previous contract, from September 2013, was AED 125,000.
How big is unit 5508?
1,331 sqft (123.7 sqm): a two-bedroom apartment on the 55th floor of a 83-storey tower completed in 2012.
What is unit 5508 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 5508, Elite Residence
Starts from the last sale price (AED 725K, 13 February 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 725,000
- Deposit, UAE resident (20%)
- AED 145,000
- Deposit, non-resident (40%)
- AED 290,000
- Monthly over 25 years at 3.7%
- AED 2,966
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →