1401, The Residences 5 (E2)
Sold prices and rental history: sold once, by the developer in May 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1401, The Residences 5 (E2)
What is 1401 worth today?
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Source: Dubai Land Department. Updated 10 October 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,838 sqft
- Floor
- 14th of 33
- Parking
- B2 -326,B2-327
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 42,300 /yr
- Last sold
- AED 1.81M · May 2010
- Building
- The Residences 5 (E2)
About 1401, The Residences 5 (E2)
1401 is a three-bedroom apartment of 1,838 sqft on the 14th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 16 May 2010 for AED 1,808,800, or AED 984 per sqft, 39% below the AED 1,618 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 10 October 2024, is AED 230,000 a year: a gross yield of 12.7% on the 2010 price, before the service charge of about AED 42,300 a year.
Sales and rents for 1401 over time
1401 has sold once; the dashed line is the three-bed median of each year in the building.
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 5 (E2), and where 1401 sits
All 31 3-beds →1401 last sold in May 2010 at AED 984 per sqft, 39% below what three-beds in The Residences 5 (E2) were fetching at the time (AED 1,618). 1401's AED 230,000 is in the lower half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 11 Jul 202411 July 2024 | 1,838 sqft | 4,400,000 | 2,393 | ||
| 4 Sep 20234 September 2023 | 1,838 sqft | 7,000,000 | 3,808 | ||
| 28 Feb 202228 February 2022 | 1,838 sqft | 5,000,000 | 2,720 | ||
| 8 Mar 20218 March 2021 | 1,838 sqft | 4,500,000 | 2,448 |
The Residences 5 (E2)
Building154 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%
Other units on the 14th floor
All 154 units in The Residences 5 (E2)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1402 | 2-bed | 1,431 sqft | AED 1.36MAED 1,364,800 · Dec 2008December 2008 | 200,000 /yr | |
| 1403 | 1-bed | 1,092 sqft | AED 2.05MAED 2,050,000 · May 2013May 2013 | 130,000 /yr | |
| 1404 | 1-bed | 906 sqft | AED 1.35MAED 1,350,000 · Apr 2013April 2013 | 120,000 /yr | |
| 1405 | 2-bed | 1,365 sqft | AED 2.3MAED 2,300,000 · Oct 2023October 2023 | 190,000 /yr |
1401, The Residences 5 (E2) in numbers
- Sold once: by Emaar on 16 May 2010 for AED 1,808,800, or AED 984 per sqft.
- Rented since July 2014 on 8 Ejari contracts, from AED 270,000 to AED 230,000 a year.
- At AED 230,000 a year the gross yield on the 2010 price is 12.7%, before a service charge of about AED 42,300 a year (AED 23.00 per sqft).
Source: Dubai Land Department. Updated 10 October 2024.
Questions about 1401, The Residences 5 (E2)
What did unit 1401 last sell for?
AED 1,808,800 on 16 May 2010, sold by the developer: AED 984 per sqft for 1,838 sqft. It is the only registered sale of the unit.
What is the rent for unit 1401?
AED 230,000 a year on the contract renewed on 10 October 2024. The previous contract, from October 2023, was AED 230,000; the unit has been rented since July 2014.
How big is unit 1401?
1,838 sqft (170.8 sqm): a three-bedroom apartment on the 14th floor of a 33-storey tower completed in 2007.
What is unit 1401 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 1401, The Residences 5 (E2)
Starts from the last sale price (AED 1.81M, 16 May 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,808,800
- Deposit, UAE resident (20%)
- AED 361,760
- Deposit, non-resident (40%)
- AED 723,520
- Monthly over 25 years at 3.7%
- AED 7,400
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →