−6% Elite Residence
2 BR · Apartment · 3 bathrooms
Price history
Listed since 17 September 2026. The price has been cut once — dates and figures from the listing itself.
- 6 October 2026 AED 2 750 000
- 15 October 2026 AED 2 595 000 -6%
About the building
91-storey residential building in Dubai Marina, completed in 2012. Developer — Tameer Holdings. Architect — Eng. Adnan Saffarini.
What the building has
- Swimming pool
Specifications for Elite Residence per Propsearch and the Dubai Land Department. They describe the whole building, not the individual unit.
Where it is
Dubai Marina
The original high-rise waterfront: a dense forest of towers around a man-made marina, and still the busiest rental market in the city.
- reliable rental income
- car-free living
- fast resale
What to check: Much of the stock is fifteen to twenty years old and building condition varies enormously. Get the service charge history and walk the common areas before you offer — an unmaintained tower will cost you more than the discount you got.
Full district guide →Questions and answers about lot NP4-509872
How much is this 2-bedroom apartment in Elite Residence?
Lot NP4-509872 is priced at AED 2 595 000, about $707 000. The size is 1 329 sq ft (123 m²), which works out at AED 1 953 per sq ft.
Has the price of this lot been cut?
Yes. The listing history shows the price going from AED 2 750 000 to AED 2 595 000: AED 155 000 less, or 6%. It was cut once. On the market since 17 September 2026.
How does this price compare with other lots in Elite Residence?
The database holds 5 lots in Elite Residence right now, from AED 2 000 000 to AED 4 400 000. 4 of them share this type and bedroom count: by price this lot ranks 3 of 4, cheapest first. At AED 1 953 per sq ft this lot is 30% above the median for the other lots in the project (AED 1 504).
Is this expensive or cheap for Dubai Marina?
The database holds 178 lots in Dubai Marina, starting from AED 500 000. The area median is AED 2 217 per sq ft; this lot, at AED 1 953, is 12% below it. 56 lots in the area have a reduced price. The median is taken from listings in our database, not from registered sales.
Dubai Marina area guide →Is the property ready or still under construction?
According to the listing, the property is ready. 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 to both residents and non-residents. For this lot: a resident puts down from 20%, here AED 519 000; a loan of AED 2 076 000 over 25 years at 3.75–4.99% a year comes to roughly AED 10 700–12 100 a month. A non-resident puts down from 40% (AED 1 038 000) and pays about AED 8 000–9 100 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 103 800 for this lot. On a ready property the registration trustee fee of AED 4 200 is added. 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, yes: the 10-year Golden Visa is granted for property from AED 2 000 000, and this lot is priced at AED 2 595 000. 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 Residence?
The building has 91 floors and 695 units. The developer is Tameer Holdings. Completion year: 2012. Figures are from the project passport: Propsearch and the Dubai Land Department.
Elite Residence project page →What does the seller say about the property itself?
From the listing: bathrooms — 3.
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 NP4-509872 on WhatsApp or Telegram — I will confirm the lot is still for sale, send the full details and arrange a viewing.
Video: Elite Residence
Reviews from the English YouTube channel — each one with a written breakdown on this site.
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