2-bed · 1,476 sqftAl Tajer Residences, Downtown Dubai · 5th floor · completed 2008

5089, Al Tajer Residences

Sold prices and rental history: sold 4 times, last in July 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5089 · DLD and Ejari recordsUpdated 3 July 2023
Last soldAED 3.18M3 July 2023
Current rentAED 112K /yr12 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5089, Al Tajer Residences

What is 5089 worth today?

Last sold for AED 3,175,000 in 2023

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3 Jul 2023SoldReady
AED 3,175,000AED 2,151 per sqft
18 Jul 2022SoldReady
AED 2,300,000AED 1,558 per sqft
12 Dec 2021RentedRenewal
AED 112,000/yr12 months · AED 76 per sqft
12 Dec 2020RentedNew contract
AED 112,000/yr12 months · AED 76 per sqft
7 Sep 2018RentedNew contract
AED 157,000/yr12 months · AED 106 per sqft
20 Jun 2016SoldReady
AED 1,275,000AED 863 per sqft
23 Jan 2011Sold by developerReady
AED 1,811,851AED 1,227 per sqft

Source: Dubai Land Department. Updated 3 July 2023.

Key facts

Type
2-bed apartment
Size
1,476 sqft
Floor
5th of 9
Parking
L5-181
Developer
Emaar
Completed
2008
Service charge
AED 34,600 /yr
Last sold
AED 3.18M · July 2023

About 5089, Al Tajer Residences

5089 is a two-bedroom apartment of 1,476 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 3 July 2023 for AED 3,175,000, or AED 2,151 per sqft, 8% above the AED 1,986 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 12 December 2021, is AED 112,000 a year: a gross yield of 3.5% on the 2023 price, before the service charge of about AED 34,600 a year.

Sales and rents for 5089 over time

Sales
Unit 5089, each saleTypical two-bed in Al Tajer Residences
2M4M2008201320182023Typical 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 2011: AED 1,811,851 (AED 1,227 per sqft)Sold, June 2016: AED 1,275,000 (AED 863 per sqft)Sold, July 2022: AED 2,300,000 (AED 1,558 per sqft)Sold, July 2023: AED 3,175,000 (AED 2,151 per sqft)

5089 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 5089, 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, September 2018: AED 157,000 a yearNew contract, December 2020: AED 112,000 a yearRenewal, December 2021: AED 112,000 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 5089 sits

All 116 2-beds →

5089 last sold in July 2023 at AED 2,151 per sqft, 8% above what two-beds in Al Tajer Residences were fetching at the time (AED 1,986). 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. 5089's AED 112,000 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

5089, Al Tajer Residences in numbers

  • Sold 4 times: first on 23 January 2011 for AED 1,811,851, last on 3 July 2023 for AED 3,175,000 (AED 2,151 per sqft).
  • Rented since September 2018 on 3 Ejari contracts, from AED 157,000 to AED 112,000 a year.
  • At AED 112,000 a year the gross yield on the 2023 price is 3.5%, before a service charge of about AED 34,600 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 July 2023.

Questions about 5089, Al Tajer Residences

What did unit 5089 last sell for?

AED 3,175,000 on 3 July 2023: AED 2,151 per sqft for 1,476 sqft. The unit has 4 registered sales; the first was AED 1,811,851 in January 2011.

What is the rent for unit 5089?

AED 112,000 a year on the contract renewed on 12 December 2021. The previous contract, from December 2020, was AED 112,000; the unit has been rented since September 2018.

How big is unit 5089?

1,476 sqft (137.1 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2008.

What is unit 5089 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 5089, Al Tajer Residences

Starts from the last sale price (AED 3.18M, 3 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,175,000
Deposit, UAE resident (20%)
AED 635,000
Deposit, non-resident (40%)
AED 1,270,000
Monthly over 25 years at 3.7%
AED 12,990

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