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

5806, Elite Residence

Sold prices and rental history: sold 5 times, last in September 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5806 · DLD and Ejari recordsUpdated 25 September 2023
Last soldAED 1.23M25 September 2023
Current rentAED 75K /yr6 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5806, Elite Residence

What is 5806 worth today?

Last sold for AED 1,230,000 in 2023

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25 Sep 2023SoldReady
AED 1,230,000AED 1,280 per sqft
6 Dec 2022RentedRenewal
AED 75,000/yr12 months · AED 78 per sqft
6 Dec 2021RentedNew contract
AED 72,000/yr12 months · AED 75 per sqft
1 Dec 2020RentedNew contract
AED 54,000/yr12 months · AED 56 per sqft
6 Jul 2017RentedNew contract
AED 95,000/yr12 months · AED 99 per sqft
2 Apr 2013SoldReady
AED 1,280,000AED 1,332 per sqft
3 Jan 2013RentedNew contract
AED 80,000/yr12 months · AED 84 per sqft
18 Dec 2012SoldReady
AED 1,160,000AED 1,207 per sqft

Source: Dubai Land Department. Updated 25 September 2023.

Key facts

Type
1-bed apartment
Size
960 sqft
Floor
58th of 83
Parking
P1-69
Developer
Tameer Holding Investment
Completed
2012
Service charge
AED 12,600 /yr
Last sold
AED 1.23M · September 2023

About 5806, Elite Residence

5806 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 25 September 2023 for AED 1,230,000, or AED 1,280 per sqft, in line with the AED 1,262 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 6 December 2022, is AED 75,000 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 12,600 a year.

Sales and rents for 5806 over time

Sales
Unit 5806, 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 1,160,000 (AED 1,207 per sqft)Sold, December 2012: AED 1,068,842 (AED 1,112 per sqft)Sold, April 2013: AED 1,280,000 (AED 1,332 per sqft)Sold, September 2023: AED 1,230,000 (AED 1,280 per sqft)

5806 has sold 5 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5806, each contractTypical one-bed in Elite Residence
60K80K100K2012201620202024Typical 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, January 2013: AED 80,000 a yearNew contract, July 2017: AED 95,000 a yearNew contract, December 2020: AED 54,000 a yearNew contract, December 2021: AED 72,000 a yearRenewal, December 2022: AED 75,000 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 5806 sits

All 416 1-beds →

5806 last sold in September 2023 at AED 1,280 per sqft, in line with what one-beds in Elite Residence were fetching at the time (AED 1,262). 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. 5806's AED 75,000 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
58011-bedAED 1.15M · Dec 2012
58022-bedAED 1.71M · Dec 2012
58031-bedAED 1.1M · Dec 2012
58041-bedAED 1.1M · Dec 2012
58052-bedAED 2.27M · Jun 2013
58071-bedAED 1.04M · Jan 2013
58082-bedAED 1.68M · Oct 2012
1–7 of 11

5806, Elite Residence in numbers

  • Sold 5 times: first on 12 June 2012 for AED 1,068,842, last on 25 September 2023 for AED 1,230,000 (AED 1,280 per sqft).
  • Rented since January 2013 on 5 Ejari contracts. The rent fell from AED 80,000 to AED 54,000 in 2020 and recovered to AED 75,000 by December 2022.
  • At AED 75,000 a year the gross yield on the 2023 price is 6.1%, 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 25 September 2023.

Questions about 5806, Elite Residence

What did unit 5806 last sell for?

AED 1,230,000 on 25 September 2023: AED 1,280 per sqft for 960 sqft. The unit has 5 registered sales; the first was AED 1,068,842 in June 2012.

What is the rent for unit 5806?

AED 75,000 a year on the contract renewed on 6 December 2022. The previous contract, from December 2021, was AED 72,000; the unit has been rented since January 2013.

How big is unit 5806?

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

What is unit 5806 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 5806, Elite Residence

Starts from the last sale price (AED 1.23M, 25 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,230,000
Deposit, UAE resident (20%)
AED 246,000
Deposit, non-resident (40%)
AED 492,000
Monthly over 25 years at 3.7%
AED 5,032

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