3-bed · 2,599 sqftThe Residences 4 (E1), Downtown Dubai · 10th floor · completed 2007

1001, The Residences 4 (E1)

Sold prices and rental history: sold 3 times, last in June 2023, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1001 · DLD and Ejari recordsUpdated 2 June 2023
Last soldAED 8M2 June 2023
Current rentAED 315K /yr1 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1001, The Residences 4 (E1)

What is 1001 worth today?

Last sold for AED 8,000,000 in 2023

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2 Jun 2023SoldReady
AED 8,000,000AED 3,078 per sqft
1 May 2023RentedNew contract
AED 315,000/yr12 months · AED 121 per sqft
1 May 2022RentedRenewal
AED 300,000/yr12 months · AED 115 per sqft
1 May 2021RentedNew contract
AED 300,000/yr12 months · AED 115 per sqft
9 Feb 2015SoldReady
AED 9,085,000AED 3,495 per sqft
9 Jan 2015RentedNew contract
AED 365,000/yr1 months · AED 141 per sqft
5 Oct 2009Sold by developerReady
AED 1,717,000AED 660 per sqft

Source: Dubai Land Department. Updated 2 June 2023.

Key facts

Type
3-bed apartment
Size
2,599 sqft
Floor
10th of 28
Parking
P-308, P-309
Developer
Emaar
Completed
2007
Service charge
AED 59,800 /yr
Last sold
AED 8M · June 2023

About 1001, The Residences 4 (E1)

1001 is a three-bedroom apartment of 2,599 sqft on the 10th floor of The Residences 4 (E1), a 28-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 2 June 2023 for AED 8,000,000, or AED 3,078 per sqft, 34% above the AED 2,304 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, signed on 1 May 2023, is AED 315,000 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 59,800 a year.

Sales and rents for 1001 over time

Sales
Unit 1001, each saleTypical three-bed in The Residences 4 (E1)
5M10M2008201320182023Typical sale price by year: 2008 AED 2,545,800; 2009 AED 2,877,344; 2010 AED 2,794,800; 2011 AED 4,400,000; 2012 AED 4,700,000; 2013 AED 8,000,000; 2014 AED 8,625,000; 2015 AED 8,500,000; 2016 AED 7,000,000; 2018 AED 6,800,000; 2023 AED 7,225,000; 2024 AED 7,500,000; 2026 AED 7,637,500Sold by developer, October 2009: AED 1,717,000 (AED 660 per sqft)Sold, February 2015: AED 9,085,000 (AED 3,495 per sqft)Sold, June 2023: AED 8,000,000 (AED 3,078 per sqft)

1001 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1001, each contractTypical three-bed in The Residences 4 (E1)
200K300K2012201620202024Typical rent by year: 2012 AED 228,400; 2013 AED 235,000; 2014 AED 270,297; 2015 AED 285,000; 2016 AED 285,000; 2017 AED 280,000; 2018 AED 262,000; 2019 AED 240,000; 2020 AED 200,000; 2021 AED 200,000; 2022 AED 250,000; 2023 AED 292,500; 2024 AED 300,000; 2025 AED 307,500; 2026 AED 310,000New contract, January 2015: AED 365,000 a yearNew contract, May 2021: AED 300,000 a yearRenewal, May 2022: AED 300,000 a yearNew contract, May 2023: AED 315,000 a year

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

3-beds in The Residences 4 (E1), and where 1001 sits

All 49 3-beds →

1001 last sold in June 2023 at AED 3,078 per sqft, 34% above what three-beds in The Residences 4 (E1) were fetching at the time (AED 2,304). Over the last 12 months three-beds sold for AED 900,000 to 8,000,000, around AED 3,210 per sqft, and rent for AED 180,000 to 500,000 a year. 1001's AED 315,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
14 Aug 20267,625,000
14 May 2026900,000
11 May 20268,000,000
19 Jan 20267,650,000
4 3-bed sales in the last 12 months

The Residences 4 (E1)

Building

54 apartments, studios to 4-bed over 28 floors in Downtown Dubai, completed in 2007 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 3,210
Typical sale
AED 7.64M
Typical rent
AED 305K /yr
Typical yield
3.8%
The Residences 4 (E1), Downtown Dubai: prices, sales and rents →

Other units on the 10th floor

All 54 units in The Residences 4 (E1)
Value
10023-bedAED 6.6M · Jun 2011

1001, The Residences 4 (E1) in numbers

  • Sold 3 times: first on 5 October 2009 for AED 1,717,000, last on 2 June 2023 for AED 8,000,000 (AED 3,078 per sqft).
  • Rented since January 2015 on 4 Ejari contracts, from AED 365,000 to AED 315,000 a year.
  • At AED 315,000 a year the gross yield on the 2023 price is 3.9%, before a service charge of about AED 59,800 a year (AED 23.00 per sqft).
  • Three-beds in The Residences 4 (E1) sold for AED 900,000–8,000,000 in the 12 months to November 2026; the building's median across all types is AED 3,210 per sqft.

Source: Dubai Land Department. Updated 2 June 2023.

Questions about 1001, The Residences 4 (E1)

What did unit 1001 last sell for?

AED 8,000,000 on 2 June 2023: AED 3,078 per sqft for 2,599 sqft. The unit has 3 registered sales; the first was AED 1,717,000 in October 2009.

What is the rent for unit 1001?

AED 315,000 a year on the contract signed on 1 May 2023. The previous contract, from May 2022, was AED 300,000; the unit has been rented since January 2015.

How big is unit 1001?

2,599 sqft (241.5 sqm): a three-bedroom apartment on the 10th floor of a 28-storey tower completed in 2007.

What is unit 1001 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences 4 (E1) sold for AED 900,000 to 8,000,000 in the last 12 months, around AED 3,210 per sqft.

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Mortgage on 1001, The Residences 4 (E1)

Starts from the last sale price (AED 8M, 2 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 8,000,000
Deposit, UAE resident (20%)
AED 1,600,000
Deposit, non-resident (40%)
AED 3,200,000
Monthly over 25 years at 3.7%
AED 32,730

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