2-bed · 1,493 sqftAl Tajer Residences, Downtown Dubai · 5th floor · completed 2008

5061, Al Tajer Residences

Sold prices and rental history: sold 3 times, last in May 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5061 · DLD and Ejari recordsUpdated 3 February 2024
Last soldAED 2.39M9 May 2013
Current rentAED 186K /yr3 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5061, Al Tajer Residences

What is 5061 worth today?

Last sold for AED 2,388,800 in 2013

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3 Feb 2024RentedRenewal
AED 186,000/yr12 months · AED 124 per sqft
3 Feb 2023RentedRenewal
AED 160,000/yr12 months · AED 107 per sqft
3 Feb 2022RentedNew contract
AED 150,000/yr12 months · AED 100 per sqft
25 Nov 2020RentedNew contract
AED 92,000/yr12 months · AED 61 per sqft
19 Mar 2019RentedRenewal
AED 150,000/yr12 months · AED 100 per sqft
19 Mar 2018RentedRenewal
AED 150,000/yr12 months · AED 100 per sqft
19 Mar 2017RentedNew contract
AED 150,000/yr12 months · AED 100 per sqft
21 Oct 2013RentedNew contract
AED 170,000/yr12 months · AED 114 per sqft

Source: Dubai Land Department. Updated 3 February 2024.

Key facts

Type
2-bed apartment
Size
1,493 sqft
Floor
5th of 9
Parking
5. 153
Developer
Emaar
Completed
2008
Service charge
AED 35,000 /yr
Last sold
AED 2.39M · May 2013

About 5061, Al Tajer Residences

5061 is a two-bedroom apartment of 1,493 sqft on the 5th floor of Al Tajer Residences, a 9-storey tower in Downtown Dubai completed in 2008 by Emaar. It last sold on 9 May 2013 for AED 2,388,800, or AED 1,600 per sqft, 10% above the AED 1,453 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 3 February 2024, is AED 186,000 a year: a gross yield of 7.8% on the 2013 price, before the service charge of about AED 35,000 a year.

Sales and rents for 5061 over time

Sales
Unit 5061, 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, September 2009: AED 2,472,000 (AED 1,655 per sqft)Sold, September 2009: AED 2,629,888 (AED 1,761 per sqft)Sold, May 2013: AED 2,388,800 (AED 1,600 per sqft)

5061 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5061, 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 2013: AED 170,000 a yearNew contract, March 2017: AED 150,000 a yearRenewal, March 2018: AED 150,000 a yearRenewal, March 2019: AED 150,000 a yearNew contract, November 2020: AED 92,000 a yearNew contract, February 2022: AED 150,000 a yearRenewal, February 2023: AED 160,000 a yearRenewal, February 2024: AED 186,000 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 5061 sits

All 116 2-beds →

5061 last sold in May 2013 at AED 1,600 per sqft, 10% above what two-beds in Al Tajer Residences were fetching at the time (AED 1,453). 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. 5061's AED 186,000 is in the lower half 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

5061, Al Tajer Residences in numbers

  • Sold 3 times: first on 30 September 2009 for AED 2,629,888, last on 9 May 2013 for AED 2,388,800 (AED 1,600 per sqft).
  • Rented since October 2013 on 8 Ejari contracts. The rent fell from AED 170,000 to AED 92,000 in 2020 and recovered to AED 186,000 by February 2024.
  • At AED 186,000 a year the gross yield on the 2013 price is 7.8%, before a service charge of about AED 35,000 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 3 February 2024.

Questions about 5061, Al Tajer Residences

What did unit 5061 last sell for?

AED 2,388,800 on 9 May 2013: AED 1,600 per sqft for 1,493 sqft. The unit has 3 registered sales; the first was AED 2,629,888 in September 2009.

What is the rent for unit 5061?

AED 186,000 a year on the contract renewed on 3 February 2024. The previous contract, from February 2023, was AED 160,000; the unit has been rented since October 2013.

How big is unit 5061?

1,493 sqft (138.7 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2008.

What is unit 5061 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 5061, Al Tajer Residences

Starts from the last sale price (AED 2.39M, 9 May 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,388,800
Deposit, UAE resident (20%)
AED 477,760
Deposit, non-resident (40%)
AED 955,520
Monthly over 25 years at 3.7%
AED 9,773

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