1-bed · 1,181 sqftAl Tajer Residences, Downtown Dubai · 5th floor · completed 2008

5038, Al Tajer Residences

Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5038 · DLD and Ejari recordsUpdated 20 July 2019
Last soldAED 1.38M3 August 2010
Current rentAED 100K /yr20 July 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5038, Al Tajer Residences

What is 5038 worth today?

Last sold for AED 1,384,888 in 2010

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

20 Jul 2019RentedRenewal
AED 100,000/yr12 months · AED 84 per sqft
1 Jul 2019RentedRenewal · flagged as an outlier
AED 1,957,895/yr1 months · AED 1,654 per sqft
1 Jul 2018RentedNew contract
AED 100,000/yr12 months · AED 84 per sqft
1 Apr 2017RentedNew contract
AED 120,000/yr12 months · AED 101 per sqft
10 Oct 2013RentedNew contract
AED 120,000/yr12 months · AED 101 per sqft
3 Aug 2010Sold by developerReady
AED 1,384,888AED 1,172 per sqft

Source: Dubai Land Department. Updated 20 July 2019.

Key facts

Type
1-bed apartment
Size
1,181 sqft
Floor
5th of 9
Parking
5. 09
Developer
Emaar
Completed
2008
Service charge
AED 27,700 /yr
Last sold
AED 1.38M · August 2010

About 5038, Al Tajer Residences

5038 is a one-bedroom apartment of 1,181 sqft on the 5th floor of Al Tajer Residences, a 9-storey tower in Downtown Dubai completed in 2008 by Emaar. The developer sold it on 3 August 2010 for AED 1,384,888, or AED 1,172 per sqft, 14% below the AED 1,358 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 20 July 2019, is AED 100,000 a year: a gross yield of 7.2% on the 2010 price, before the service charge of about AED 27,700 a year.

Sales and rents for 5038 over time

Sales
Unit 5038, each saleTypical one-bed in Al Tajer Residences
2M2008201320182023Typical sale price by year: 2008 AED 1,452,388; 2009 AED 1,472,888; 2010 AED 1,453,888; 2011 AED 1,433,888; 2012 AED 1,550,000; 2013 AED 1,900,000; 2014 AED 2,300,000; 2015 AED 2,000,000; 2016 AED 2,025,000; 2017 AED 1,960,000; 2018 AED 1,522,500; 2019 AED 1,350,000; 2020 AED 1,300,000; 2021 AED 1,600,000; 2022 AED 1,910,000; 2023 AED 2,150,000; 2024 AED 2,305,000; 2025 AED 2,637,889Sold by developer, August 2010: AED 1,384,888 (AED 1,172 per sqft)

5038 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 5038, each contractTypical one-bed in Al Tajer Residences
100K125K2012201620202024Typical rent by year: 2012 AED 109,000; 2013 AED 120,000; 2014 AED 124,200; 2015 AED 135,000; 2016 AED 130,000; 2017 AED 125,000; 2018 AED 115,806; 2019 AED 105,000; 2020 AED 92,028; 2021 AED 90,000; 2022 AED 95,000; 2023 AED 115,000; 2024 AED 125,174; 2025 AED 132,000; 2026 AED 125,500New contract, October 2013: AED 120,000 a yearNew contract, April 2017: AED 120,000 a yearNew contract, July 2018: AED 100,000 a yearRenewal, July 2019: AED 100,000 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 Al Tajer Residences, and where 5038 sits

All 120 1-beds →

5038 last sold in August 2010 at AED 1,172 per sqft, 14% below what one-beds in Al Tajer Residences were fetching at the time (AED 1,358). Over the last 12 months one-beds sold for AED 2,500,000 to 3,000,000, around AED 2,621 per sqft, and rent for AED 75,000 to 306,629 a year. 5038's AED 100,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Jun 20262,500,000
12 Mar 20262,700,000
9 Dec 20253,000,000
22 Oct 20252,525,000
3 1-bed sales in the last 12 months

Al Tajer Residences

Building

248 apartments, 1-bed to 3-bed over 9 floors in Downtown Dubai, completed in 2008 by Emaar. 11 sold in the last 12 months.

Typical price per sqft
AED 2,624 Up 6.2%
Typical sale
AED 3.75M
Typical rent
AED 150K /yr
Typical yield
4.4%
Al Tajer Residences, Downtown Dubai: prices, sales and rents →

Other units on the 5th floor

All 248 units in Al Tajer Residences
Value
50012-bedAED 2.95M · Nov 2022
50021-bedAED 1.33M · Aug 2010
50031-bedAED 1.34M · Dec 2008
50041-bedAED 2.45M · Mar 2025
50051-bedAED 675K · Oct 2011
50061-bedAED 1.82M · Feb 2013
50071-bedAED 2.1M · Nov 2023
1–7 of 38

5038, Al Tajer Residences in numbers

  • Sold once: by Emaar on 3 August 2010 for AED 1,384,888, or AED 1,172 per sqft.
  • Rented since October 2013 on 5 Ejari contracts, from AED 120,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2010 price is 7.2%, before a service charge of about AED 27,700 a year (AED 23.45 per sqft).
  • One-beds in Al Tajer Residences sold for AED 2,500,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,624 per sqft.

Source: Dubai Land Department. Updated 20 July 2019.

Questions about 5038, Al Tajer Residences

What did unit 5038 last sell for?

AED 1,384,888 on 3 August 2010, sold by the developer: AED 1,172 per sqft for 1,181 sqft. It is the only registered sale of the unit.

What is the rent for unit 5038?

AED 100,000 a year on the contract renewed on 20 July 2019. The previous contract, from July 2019, was AED 1,957,895; the unit has been rented since October 2013.

How big is unit 5038?

1,181 sqft (109.7 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2008.

What is unit 5038 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Al Tajer Residences sold for AED 2,500,000 to 3,000,000 in the last 12 months, around AED 2,621 per sqft.

Selling 5038? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 5038, Al Tajer Residences

Starts from the last sale price (AED 1.38M, 3 August 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,384,888
Deposit, UAE resident (20%)
AED 276,978
Deposit, non-resident (40%)
AED 553,955
Monthly over 25 years at 3.7%
AED 5,666

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