1-bed · 1,092 sqftThe Residences 5 (E2), Downtown Dubai · 12th floor · completed 2007

1203, The Residences 5 (E2)

Sold prices and rental history: sold twice, last in October 2015, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 23 February 2023
Last soldAED 2.13M8 October 2015
Current rentAED 60K /yr23 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1203, The Residences 5 (E2)

What is 1203 worth today?

Last sold for AED 2,130,000 in 2015

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23 Feb 2023RentedNew contract
AED 60,000/yr60 months · AED 55 per sqft
1 Jan 2019RentedNew contract
AED 60,000/yr48 months · AED 55 per sqft
8 Oct 2015SoldReady
AED 2,130,000AED 1,950 per sqft
1 Sep 2014RentedNew contract
AED 130,000/yr12 months · AED 120 per sqft
31 Mar 2011Sold by developerReady
AED 797,800AED 730 per sqft

Source: Dubai Land Department. Updated 23 February 2023.

Key facts

Type
1-bed apartment
Size
1,092 sqft
Floor
12th of 33
Parking
B2 -551
Developer
Emaar
Completed
2007
Service charge
AED 25,100 /yr
Last sold
AED 2.13M · October 2015

About 1203, The Residences 5 (E2)

1203 is a one-bedroom apartment of 1,092 sqft on the 12th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 8 October 2015 for AED 2,130,000, or AED 1,950 per sqft, 6% above the AED 1,831 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 23 February 2023, is AED 60,000 a year: a gross yield of 2.8% on the 2015 price, before the service charge of about AED 25,100 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, each saleTypical one-bed in The Residences 5 (E2)
1M2M2008201320182023Typical sale price by year: 2008 AED 800,000; 2009 AED 865,800; 2010 AED 877,800; 2011 AED 1,012,500; 2012 AED 1,175,000; 2013 AED 1,490,000; 2015 AED 2,000,000; 2017 AED 2,100,000; 2019 AED 1,425,000; 2021 AED 1,249,000; 2023 AED 1,975,000; 2024 AED 1,852,500; 2025 AED 2,225,000; 2026 AED 2,262,500Sold by developer, March 2011: AED 797,800 (AED 730 per sqft)Sold, October 2015: AED 2,130,000 (AED 1,950 per sqft)

1203 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1203, each contractTypical one-bed in The Residences 5 (E2)
50K100K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 102,500; 2014 AED 110,000; 2015 AED 120,000; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 102,500; 2019 AED 95,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 90,000; 2023 AED 100,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 115,000New contract, September 2014: AED 130,000 a yearNew contract, January 2019: AED 60,000 a yearNew contract, February 2023: AED 60,000 a year

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

1-beds in The Residences 5 (E2), and where 1203 sits

All 60 1-beds →

1203 last sold in October 2015 at AED 1,950 per sqft, 6% above what one-beds in The Residences 5 (E2) were fetching at the time (AED 1,831). Over the last 12 months one-beds sold for AED 1,375,000 to 2,450,000, around AED 2,152 per sqft, and rent for AED 90,000 to 157,500 a year. 1203's AED 60,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Oct 20262,450,000
25 Sep 20262,350,000
23 Jul 20262,060,000
11 Jun 20261,375,000
7 1-bed sales in the last 12 months

The Residences 5 (E2)

Building

154 apartments, 1-bed to 4-bed over 33 floors in Downtown Dubai, completed in 2007 by Emaar. 7 sold in the last 12 months.

Typical price per sqft
AED 2,152
Typical sale
AED 2.28M
Typical rent
AED 160K /yr
Typical yield
5.8%
The Residences 5 (E2), Downtown Dubai: prices, sales and rents →

Other units on the 12th floor

All 154 units in The Residences 5 (E2)
Value
12013-bedAED 4M · Dec 2017
12022-bedAED 1.22M · Jun 2013
12041-bedAED 1.2M · May 2012
12052-bedAED 1.93M · Feb 2012

1203, The Residences 5 (E2) in numbers

  • Sold twice: first on 31 March 2011 for AED 797,800, last on 8 October 2015 for AED 2,130,000 (AED 1,950 per sqft).
  • Rented since September 2014 on 3 Ejari contracts, from AED 130,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2015 price is 2.8%, before a service charge of about AED 25,100 a year (AED 23.00 per sqft).
  • One-beds in The Residences 5 (E2) sold for AED 1,375,000–2,450,000 in the 12 months to November 2026; the building's median across all types is AED 2,152 per sqft.

Source: Dubai Land Department. Updated 23 February 2023.

Questions about 1203, The Residences 5 (E2)

What did unit 1203 last sell for?

AED 2,130,000 on 8 October 2015: AED 1,950 per sqft for 1,092 sqft. The unit has 2 registered sales; the first was AED 797,800 in March 2011.

What is the rent for unit 1203?

AED 60,000 a year on the contract signed on 23 February 2023. The previous contract, from January 2019, was AED 60,000; the unit has been rented since September 2014.

How big is unit 1203?

1,092 sqft (101.5 sqm): a one-bedroom apartment on the 12th floor of a 33-storey tower completed in 2007.

What is unit 1203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences 5 (E2) sold for AED 1,375,000 to 2,450,000 in the last 12 months, around AED 2,152 per sqft.

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Mortgage on 1203, The Residences 5 (E2)

Starts from the last sale price (AED 2.13M, 8 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,130,000
Deposit, UAE resident (20%)
AED 426,000
Deposit, non-resident (40%)
AED 852,000
Monthly over 25 years at 3.7%
AED 8,714

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