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3-bed · 2,379 sqftThe Residences 4 (E1), Downtown Dubai · 14th floor · completed 2007

1402, The Residences 4 (E1)

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

Unit 1402 · DLD and Ejari recordsUpdated 25 July 2023
Last soldAED 7.15M25 July 2023
Current rentAED 275K /yr15 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1402, The Residences 4 (E1)

What is 1402 worth today?

Last sold for AED 7,150,000 in 2023

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25 Jul 2023SoldReady
AED 7,150,000AED 3,005 per sqft
15 Mar 2022RentedNew contract
AED 275,000/yr12 months · AED 116 per sqft
12 Oct 2020RentedRenewal
AED 190,000/yr12 months · AED 80 per sqft
12 Oct 2019RentedNew contract
AED 200,000/yr12 months · AED 84 per sqft
1 Mar 2017RentedRenewal
AED 330,000/yr12 months · AED 139 per sqft
1 Mar 2016RentedRenewal
AED 330,000/yr12 months · AED 139 per sqft
1 Mar 2015RentedNew contract
AED 350,000/yr12 months · AED 147 per sqft
21 Jan 2010Sold by developerReady
AED 5,520,000AED 2,320 per sqft

Source: Dubai Land Department. Updated 25 July 2023.

Key facts

Type
3-bed apartment
Size
2,379 sqft
Floor
14th of 28
Parking
P-125, P-126
Developer
Emaar
Completed
2007
Service charge
AED 54,700 /yr
Last sold
AED 7.15M · July 2023
Building
The Residences 4 (E1)

About 1402, The Residences 4 (E1)

1402 is a three-bedroom apartment of 2,379 sqft on the 14th floor of The Residences 4 (E1), a 28-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 25 July 2023 for AED 7,150,000, or AED 3,005 per sqft, in line with the AED 3,005 three-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 15 March 2022, is AED 275,000 a year: a gross yield of 3.9% on the 2023 price, before the service charge of about AED 54,700 a year.

Sales and rents for 1402 over time

Sales
Unit 1402, each saleTypical three-bed in The Residences 4 (E1)
5M2008201320182023Typical 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, January 2010: AED 5,520,000 (AED 2,320 per sqft)Sold, January 2010: AED 4,500,000 (AED 1,891 per sqft)Sold, July 2023: AED 7,150,000 (AED 3,005 per sqft)

1402 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1402, 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, March 2015: AED 350,000 a yearRenewal, March 2016: AED 330,000 a yearRenewal, March 2017: AED 330,000 a yearNew contract, October 2019: AED 200,000 a yearRenewal, October 2020: AED 190,000 a yearNew contract, March 2022: AED 275,000 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 1402 sits

All 49 3-beds →

1402 last sold in July 2023 at AED 3,005 per sqft, in line with what three-beds in The Residences 4 (E1) were fetching at the time (AED 3,005). 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. 1402's AED 275,000 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 14th floor

All 54 units in The Residences 4 (E1)
Value
14013-bedAED 4.35M · Nov 2010

1402, The Residences 4 (E1) in numbers

  • Sold 3 times: first on 21 January 2010 for AED 4,500,000, last on 25 July 2023 for AED 7,150,000 (AED 3,005 per sqft).
  • Rented since March 2015 on 6 Ejari contracts. The rent fell from AED 350,000 to AED 190,000 in 2020 and recovered to AED 275,000 by March 2022.
  • At AED 275,000 a year the gross yield on the 2023 price is 3.9%, before a service charge of about AED 54,700 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 25 July 2023.

Questions about 1402, The Residences 4 (E1)

What did unit 1402 last sell for?

AED 7,150,000 on 25 July 2023: AED 3,005 per sqft for 2,379 sqft. The unit has 3 registered sales; the first was AED 4,500,000 in January 2010.

What is the rent for unit 1402?

AED 275,000 a year on the contract signed on 15 March 2022. The previous contract, from October 2020, was AED 190,000; the unit has been rented since March 2015.

How big is unit 1402?

2,379 sqft (221.0 sqm): a three-bedroom apartment on the 14th floor of a 28-storey tower completed in 2007.

What is unit 1402 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 1402, The Residences 4 (E1)

Starts from the last sale price (AED 7.15M, 25 July 2023). Switch to today's estimate once you have unlocked it.
Price
AED 7,150,000
Deposit, UAE resident (20%)
AED 1,430,000
Deposit, non-resident (40%)
AED 2,860,000
Monthly over 25 years at 3.7%
AED 29,253

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