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3-bed · 4,116 sqftThe Residences 4 (E1), Downtown Dubai · 3rd floor · completed 2007

302, The Residences 4 (E1)

Sold prices and rental history: sold 3 times, last in August 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 30 August 2020
Last soldAED 5.75M30 August 2020
Current rentAED 250K /yr7 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 302, The Residences 4 (E1)

What is 302 worth today?

Last sold for AED 5,750,000 in 2020

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30 Aug 2020SoldReady
AED 5,750,000AED 1,396 per sqft
7 Jan 2020RentedRenewal
AED 250,000/yr12 months · AED 61 per sqft
5 Jan 2019RentedNew contract
AED 248,663/yr12 months · AED 60 per sqft
5 Jan 2016RentedRenewal
AED 248,663/yr12 months · AED 60 per sqft
5 Jan 2015RentedRenewal
AED 250,000/yr12 months · AED 61 per sqft
5 Jan 2014RentedNew contract
AED 250,000/yr12 months · AED 61 per sqft
6 Jan 2013RentedNew contract
AED 180,000/yr12 months · AED 44 per sqft
5 Jan 2012SoldReady
AED 4,150,000AED 1,008 per sqft

Source: Dubai Land Department. Updated 30 August 2020.

Key facts

Type
3-bed apartment
Size
4,116 sqft
Floor
3rd of 28
Parking
L1-802, L1-840
Developer
Emaar
Completed
2007
Service charge
AED 94,700 /yr
Last sold
AED 5.75M · August 2020
Building
The Residences 4 (E1)

About 302, The Residences 4 (E1)

302 is a three-bedroom apartment of 4,116 sqft on the 3rd floor of The Residences 4 (E1), a 28-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 30 August 2020 for AED 5,750,000, or AED 1,396 per sqft.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 7 January 2020, is AED 250,000 a year: a gross yield of 4.3% on the 2020 price, before the service charge of about AED 94,700 a year.

Sales and rents for 302 over time

Sales
Unit 302, 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, January 2012: AED 4,150,000 (AED 1,008 per sqft)Sold, August 2020: AED 5,750,000 (AED 1,396 per sqft)

302 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 302, 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 2013: AED 180,000 a yearNew contract, January 2014: AED 250,000 a yearRenewal, January 2015: AED 250,000 a yearRenewal, January 2016: AED 248,663 a yearNew contract, January 2019: AED 248,663 a yearRenewal, January 2020: AED 250,000 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 302 sits

All 49 3-beds →

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. 302's AED 250,000 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 3rd floor

All 54 units in The Residences 4 (E1)
Value
3013-bedAED 8.8M · Apr 2014

302, The Residences 4 (E1) in numbers

  • Sold 3 times: first on 8 May 2008 for AED 1,840,000, last on 30 August 2020 for AED 5,750,000 (AED 1,396 per sqft).
  • Rented since January 2013 on 6 Ejari contracts, from AED 180,000 to AED 250,000 a year.
  • At AED 250,000 a year the gross yield on the 2020 price is 4.3%, before a service charge of about AED 94,700 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 30 August 2020.

Questions about 302, The Residences 4 (E1)

What did unit 302 last sell for?

AED 5,750,000 on 30 August 2020: AED 1,396 per sqft for 4,116 sqft. The unit has 3 registered sales; the first was AED 1,840,000 in May 2008.

What is the rent for unit 302?

AED 250,000 a year on the contract renewed on 7 January 2020. The previous contract, from January 2019, was AED 248,663; the unit has been rented since January 2013.

How big is unit 302?

4,116 sqft (382.4 sqm): a three-bedroom apartment on the 3rd floor of a 28-storey tower completed in 2007.

What is unit 302 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 302, The Residences 4 (E1)

Starts from the last sale price (AED 5.75M, 30 August 2020). Switch to today's estimate once you have unlocked it.
Price
AED 5,750,000
Deposit, UAE resident (20%)
AED 1,150,000
Deposit, non-resident (40%)
AED 2,300,000
Monthly over 25 years at 3.7%
AED 23,525

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