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2-bed · 1,365 sqftThe Residences 5 (E2), Downtown Dubai · 13th floor · completed 2007

1305, The Residences 5 (E2)

Sold prices and rental history: sold 4 times, last in June 2024, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1305 · DLD and Ejari recordsUpdated 20 June 2024
Last soldAED 3.79M20 June 2024
Current rentAED 170K /yr1 November 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1305, The Residences 5 (E2)

What is 1305 worth today?

Last sold for AED 3,785,000 in 2024

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20 Jun 2024SoldReady
AED 3,785,000AED 2,772 per sqft
21 Dec 2023SoldReady
AED 3,010,000AED 2,205 per sqft
1 Jun 2017SoldReady
AED 3,000,000AED 2,197 per sqft
1 Nov 2013RentedNew contract
AED 170,000/yr12 months · AED 124 per sqft
1 Sep 2012RentedNew contract
AED 135,000/yr12 months · AED 99 per sqft
4 Aug 2010Sold by developerReady · flagged as an outlier
AED 579,400AED 424 per sqft

Source: Dubai Land Department. Updated 20 June 2024.

Key facts

Type
2-bed apartment
Size
1,365 sqft
Floor
13th of 33
Parking
B2 -557
Developer
Emaar
Completed
2007
Service charge
AED 31,400 /yr
Last sold
AED 3.79M · June 2024
Building
The Residences 5 (E2)

About 1305, The Residences 5 (E2)

1305 is a two-bedroom apartment of 1,365 sqft on the 13th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 20 June 2024 for AED 3,785,000, or AED 2,772 per sqft, 28% above the AED 2,165 two-beds in the building were fetching at the time.

It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 1 November 2013, is AED 170,000 a year: a gross yield of 4.5% on the 2024 price, before the service charge of about AED 31,400 a year.

Sales and rents for 1305 over time

Sales
Unit 1305, each saleTypical two-bed in The Residences 5 (E2)
2M4M2008201320182023Typical sale price by year: 2008 AED 1,372,800; 2009 AED 1,210,800; 2010 AED 1,446,300; 2011 AED 1,814,444; 2012 AED 2,100,000; 2013 AED 3,400,000; 2014 AED 5,118,000; 2016 AED 3,300,000; 2017 AED 2,975,000; 2020 AED 2,500,000; 2021 AED 2,900,000; 2023 AED 2,875,000; 2024 AED 3,785,000Sold, June 2017: AED 3,000,000 (AED 2,197 per sqft)Sold, December 2023: AED 3,010,000 (AED 2,205 per sqft)Sold, June 2024: AED 3,785,000 (AED 2,772 per sqft)

1305 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1305, each contractTypical two-bed in The Residences 5 (E2)
100K150K2012201620202024Typical rent by year: 2012 AED 140,000; 2013 AED 160,000; 2014 AED 184,500; 2015 AED 182,000; 2016 AED 175,000; 2017 AED 175,000; 2018 AED 160,000; 2019 AED 142,500; 2020 AED 112,500; 2021 AED 115,500; 2022 AED 135,000; 2023 AED 152,000; 2024 AED 175,000; 2025 AED 180,000; 2026 AED 175,000New contract, September 2012: AED 135,000 a yearNew contract, November 2013: AED 170,000 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 The Residences 5 (E2), and where 1305 sits

All 61 2-beds →

1305 last sold in June 2024 at AED 2,772 per sqft, 28% above what two-beds in The Residences 5 (E2) were fetching at the time (AED 2,165). 1305's AED 170,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 May 20254,700,000
6 Feb 20254,000,000
30 Oct 20244,550,000
1 Oct 20243,760,478
0 2-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 13th floor

All 154 units in The Residences 5 (E2)
Value
13013-bedAED 3.55M · Feb 2010
13022-bedAED 4.08M · Mar 2013
13031-bedAED 1.31M · Jul 2010
13041-bedAED 639K · Jun 2010

1305, The Residences 5 (E2) in numbers

  • Sold 4 times: first on 4 August 2010 for AED 579,400, last on 20 June 2024 for AED 3,785,000 (AED 2,772 per sqft).
  • Rented since September 2012 on 2 Ejari contracts, from AED 135,000 to AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2024 price is 4.5%, before a service charge of about AED 31,400 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 20 June 2024.

Questions about 1305, The Residences 5 (E2)

What did unit 1305 last sell for?

AED 3,785,000 on 20 June 2024: AED 2,772 per sqft for 1,365 sqft. The unit has 4 registered sales; the first was AED 579,400 in August 2010.

What is the rent for unit 1305?

AED 170,000 a year on the contract signed on 1 November 2013. The previous contract, from September 2012, was AED 135,000.

How big is unit 1305?

1,365 sqft (126.8 sqm): a two-bedroom apartment on the 13th floor of a 33-storey tower completed in 2007.

What is unit 1305 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 1305, The Residences 5 (E2)

Starts from the last sale price (AED 3.79M, 20 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,785,000
Deposit, UAE resident (20%)
AED 757,000
Deposit, non-resident (40%)
AED 1,514,000
Monthly over 25 years at 3.7%
AED 15,486

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