1-bed · 960 sqftElite Residence, Dubai Marina · 58th floor · completed 2012

5801, Elite Residence

Sold prices and rental history: sold 3 times, 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 5801 · DLD and Ejari recordsUpdated 1 July 2022
Last soldAED 1.15M27 December 2012
Current rentAED 74K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5801, Elite Residence

What is 5801 worth today?

Last sold for AED 1,150,000 in 2012

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1 Jul 2022RentedRenewal
AED 74,000/yr12 months · AED 77 per sqft
1 Jul 2021RentedNew contract
AED 64,000/yr12 months · AED 67 per sqft
1 Feb 2020RentedNew contract
AED 75,000/yr12 months · AED 78 per sqft
1 Nov 2019RentedRenewal
AED 80,000/yr3 months · AED 84 per sqft
1 Nov 2018RentedNew contract
AED 80,000/yr12 months · AED 84 per sqft
9 Jan 2018RentedNew contract
AED 89,759/yr12 months · AED 93 per sqft
10 Jan 2017RentedNew contract
AED 95,000/yr12 months · AED 99 per sqft
2 Feb 2015RentedNew contract
AED 100,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 1 July 2022.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
58th of 83
Parking
B1-64
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 1.15M · December 2012

About 5801, Elite Residence

5801 is a one-bedroom apartment of 960 sqft on the 58th 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 1,150,000, or AED 1,197 per sqft, 12% below 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 1 July 2022, is AED 74,000 a year: a gross yield of 6.4% on the 2012 price, before the service charge of about AED 12,600 a year.

Sales and rents for 5801 over time

Sales
Unit 5801, 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, June 2012: AED 1,068,842 (AED 1,112 per sqft)Sold, December 2012: AED 1,150,000 (AED 1,197 per sqft)Sold, December 2012: AED 1,068,842 (AED 1,112 per sqft)

5801 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5801, each contractTypical one-bed in Elite Residence
50K75K100K2012201620202024Typical 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, February 2013: AED 80,000 a yearNew contract, February 2014: AED 97,895 a yearNew contract, February 2015: AED 100,000 a yearNew contract, January 2017: AED 95,000 a yearNew contract, January 2018: AED 89,759 a yearNew contract, November 2018: AED 80,000 a yearRenewal, November 2019: AED 80,000 a yearNew contract, February 2020: AED 75,000 a yearNew contract, July 2021: AED 64,000 a yearRenewal, July 2022: AED 74,000 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 5801 sits

All 416 1-beds →

5801 last sold in December 2012 at AED 1,197 per sqft, 12% below 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. 5801's AED 74,000 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 58th floor

All 697 units in Elite Residence
Value
58022-bedAED 1.71M · Dec 2012
58031-bedAED 1.1M · Dec 2012
58041-bedAED 1.1M · Dec 2012
58052-bedAED 2.27M · Jun 2013
58061-bedAED 1.23M · Sep 2023
58071-bedAED 1.04M · Jan 2013
58082-bedAED 1.68M · Oct 2012
1–7 of 11

5801, Elite Residence in numbers

  • Sold 3 times: first on 12 June 2012 for AED 1,068,842, last on 27 December 2012 for AED 1,150,000 (AED 1,197 per sqft).
  • Rented since February 2013 on 10 Ejari contracts. The rent fell from AED 80,000 to AED 64,000 in 2021 and recovered to AED 74,000 by July 2022.
  • At AED 74,000 a year the gross yield on the 2012 price is 6.4%, before a service charge of about AED 12,600 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 July 2022.

Questions about 5801, Elite Residence

What did unit 5801 last sell for?

AED 1,150,000 on 27 December 2012: AED 1,197 per sqft for 960 sqft. The unit has 3 registered sales; the first was AED 1,068,842 in June 2012.

What is the rent for unit 5801?

AED 74,000 a year on the contract renewed on 1 July 2022. The previous contract, from July 2021, was AED 64,000; the unit has been rented since February 2013.

How big is unit 5801?

960 sqft (89.2 sqm): a one-bedroom apartment on the 58th floor of a 83-storey tower completed in 2012.

What is unit 5801 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 5801, Elite Residence

Starts from the last sale price (AED 1.15M, 27 December 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

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