Elite Residences 2
1 BR · Apartment
About the building
14-storey residential building in Sports City, completed in 2012. Developer — Triplanet Range Group. Architect — Barajeel Engineering Consultants.
What the building has
- Swimming pool
- Spa and sauna
- Parking
- Barbecue area
Where it is
Dubai Sports City
Dubai Sports City: stadiums, an academy cluster and a golf course, surrounded by some of the cheapest new apartments in the city.
- highest gross yields
- lowest entry prices
- space per dirham
What to check: Building quality and management vary more here than almost anywhere in Dubai, and some older towers have documented service charge and maintenance problems. Request the owners association records before you commit.
Full district guide →Questions and answers about lot NP19-585816
How much is this 1-bedroom apartment in Elite Residences 2?
Lot NP19-585816 is priced at AED 850 000, about $231 000. The size is 923 sq ft (86 m²), which works out at AED 921 per sq ft.
Is there a discount on this lot?
There is no recorded price cut: the lot is in the database at the seller's asking price. The comparisons below show how that price sits against the market.
How does this price compare with other lots in Elite Residences 2?
The database holds 3 lots in Elite Residences 2 right now, from AED 850 000 to AED 1 000 000. 3 of them share this type and bedroom count: this lot is the cheapest. At AED 921 per sq ft this lot is 8% below the median for the other lots in the project (AED 1 002).
Is this expensive or cheap for Dubai Sports City?
The database holds 13 lots in Dubai Sports City, starting from AED 600 000. The area median is AED 1 174 per sq ft; this lot, at AED 921, is 22% below it. 2 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Dubai Sports City area guide →Is the property ready or still under construction?
The listing gives no handover date. The project passport gives 2012 as the completion year.
Can this lot be bought with a mortgage, and what would the payment be?
UAE banks lend on ready homes, and the listing does not confirm that this property is ready. If it has been handed over, the numbers are: a resident puts down from 20%, here AED 170 000; a loan of AED 680 000 over 25 years at 3.75–4.99% a year comes to roughly AED 3 500–4 000 a month. A non-resident puts down from 40% (AED 340 000) and pays about AED 2 600–3 000 a month. The bank approves the rate and the amount.
Run your own numbers in the mortgage calculator →What costs come on top of the price?
The main one is the Dubai Land Department registration fee: 4% of the price, AED 34 000 for this lot. With a mortgage the bank charges for processing and valuation, and the mortgage is registered for a separate fee. I will send the full calculation for this lot on request.
Does buying this lot qualify for a UAE residence visa?
On price the lot clears the classic threshold for the two-year residence visa, AED 750 000. It is AED 1 150 000 short of the 10-year Golden Visa, granted from AED 2 000 000. The threshold is measured by the Dubai Land Department valuation, not the contract, and only freehold qualifies.
Golden Visa and residence visas →What is known about Elite Residences 2?
The building has 14 floors and 220 units. The developer is Tameer Holdings. Completion year: 2012. Figures are from the project passport: Propsearch and the Dubai Land Department.
How do I view the property and get the exact address?
Lots in the database are anonymised: the unit number, exact address and owner's details are not published. Send the lot code NP19-585816 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
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