2-bed · 1,429 sqftAl Tajer Residences, Downtown Dubai · 5th floor · completed 2008

5053, Al Tajer Residences

Sold prices and rental history: sold once, by the developer in January 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5053 · DLD and Ejari recordsUpdated 1 April 2024
Last soldAED 2M20 January 2009
Current rentAED 140K /yr1 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5053, Al Tajer Residences

What is 5053 worth today?

Last sold for AED 2,000,000 in 2009

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1 Apr 2024RentedRenewal
AED 140,000/yr12 months · AED 98 per sqft
1 Apr 2023RentedRenewal
AED 140,000/yr12 months · AED 98 per sqft
1 Apr 2022RentedNew contract
AED 140,000/yr12 months · AED 98 per sqft
5 Mar 2021RentedNew contract
AED 110,000/yr12 months · AED 77 per sqft
17 Nov 2019RentedNew contract
AED 130,000/yr12 months · AED 91 per sqft
7 Oct 2018RentedNew contract
AED 140,000/yr12 months · AED 98 per sqft
12 Jun 2016RentedNew contract
AED 195,000/yr12 months · AED 136 per sqft
1 Oct 2014RentedNew contract
AED 220,000/yr12 months · AED 154 per sqft

Source: Dubai Land Department. Updated 1 April 2024.

Key facts

Type
2-bed apartment
Size
1,429 sqft
Floor
5th of 9
Parking
5. 06
Developer
Emaar
Completed
2008
Service charge
AED 33,500 /yr
Last sold
AED 2M · January 2009

About 5053, Al Tajer Residences

5053 is a two-bedroom apartment of 1,429 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 20 January 2009 for AED 2,000,000, or AED 1,399 per sqft, in line with the AED 1,410 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 April 2024, is AED 140,000 a year: a gross yield of 7.0% on the 2009 price, before the service charge of about AED 33,500 a year.

Sales and rents for 5053 over time

Sales
Unit 5053, each saleTypical two-bed in Al Tajer Residences
2M3M4M2008201320182023Typical sale price by year: 2008 AED 2,093,888; 2009 AED 2,061,406; 2010 AED 2,056,888; 2011 AED 2,137,944; 2012 AED 2,233,944; 2013 AED 3,000,000; 2014 AED 3,685,444; 2015 AED 3,400,000; 2016 AED 1,989,012; 2017 AED 2,975,000; 2018 AED 2,500,000; 2019 AED 2,160,000; 2020 AED 2,375,000; 2021 AED 2,125,000; 2022 AED 2,625,000; 2023 AED 3,325,000; 2024 AED 3,470,000; 2025 AED 3,925,000; 2026 AED 3,925,000Sold by developer, January 2009: AED 2,000,000 (AED 1,399 per sqft)

5053 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5053, each contractTypical two-bed in Al Tajer Residences
100K150K200K2012201620202024Typical rent by year: 2012 AED 150,000; 2013 AED 170,000; 2014 AED 190,000; 2015 AED 195,000; 2016 AED 180,000; 2017 AED 180,000; 2018 AED 160,000; 2019 AED 145,000; 2020 AED 125,000; 2021 AED 120,000; 2022 AED 140,000; 2023 AED 160,000; 2024 AED 180,000; 2025 AED 184,500; 2026 AED 200,000New contract, October 2014: AED 220,000 a yearNew contract, June 2016: AED 195,000 a yearNew contract, October 2018: AED 140,000 a yearNew contract, November 2019: AED 130,000 a yearNew contract, March 2021: AED 110,000 a yearNew contract, April 2022: AED 140,000 a yearRenewal, April 2023: AED 140,000 a yearRenewal, April 2024: AED 140,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Al Tajer Residences, and where 5053 sits

All 116 2-beds →

5053 last sold in January 2009 at AED 1,399 per sqft, in line with what two-beds in Al Tajer Residences were fetching at the time (AED 1,410). Over the last 12 months two-beds sold for AED 2,780,000 to 5,300,000, around AED 2,669 per sqft, and rent for AED 142,000 to 400,000 a year. 5053's AED 140,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
22 Sep 20263,750,000
5 Aug 20262,780,000
16 Mar 20263,425,500
10 Mar 20265,000,000
8 2-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

5053, Al Tajer Residences in numbers

  • Sold once: by Emaar on 20 January 2009 for AED 2,000,000, or AED 1,399 per sqft.
  • Rented since October 2014 on 8 Ejari contracts. The rent fell from AED 220,000 to AED 110,000 in 2021 and recovered to AED 140,000 by April 2024.
  • At AED 140,000 a year the gross yield on the 2009 price is 7.0%, before a service charge of about AED 33,500 a year (AED 23.45 per sqft).
  • Two-beds in Al Tajer Residences sold for AED 2,780,000–5,300,000 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 1 April 2024.

Questions about 5053, Al Tajer Residences

What did unit 5053 last sell for?

AED 2,000,000 on 20 January 2009, sold by the developer: AED 1,399 per sqft for 1,429 sqft. It is the only registered sale of the unit.

What is the rent for unit 5053?

AED 140,000 a year on the contract renewed on 1 April 2024. The previous contract, from April 2023, was AED 140,000; the unit has been rented since October 2014.

How big is unit 5053?

1,429 sqft (132.8 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2008.

What is unit 5053 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Al Tajer Residences sold for AED 2,780,000 to 5,300,000 in the last 12 months, around AED 2,669 per sqft.

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Mortgage on 5053, Al Tajer Residences

Starts from the last sale price (AED 2M, 20 January 2009). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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