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2-bed · 1,431 sqftThe Residences 5 (E2), Downtown Dubai · 14th floor · completed 2007

1402, The Residences 5 (E2)

Sold prices and rental history: sold once, by the developer in December 2008, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 3 October 2015
Last soldAED 1.36M14 December 2008
Current rentAED 200K /yr3 October 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1402, The Residences 5 (E2)

What is 1402 worth today?

Last sold for AED 1,364,800 in 2008

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3 Oct 2015RentedNew contract
AED 200,000/yr12 months · AED 140 per sqft
5 May 2015RentedNew contract
AED 220,000/yr12 months · AED 154 per sqft
1 May 2014RentedNew contract
AED 147,000/yr12 months · AED 103 per sqft
14 Dec 2008Sold by developerReady
AED 1,364,800AED 953 per sqft

Source: Dubai Land Department. Updated 3 October 2015.

Key facts

Type
2-bed apartment
Size
1,431 sqft
Floor
14th of 33
Parking
L1-948
Developer
Emaar
Completed
2007
Service charge
AED 32,900 /yr
Last sold
AED 1.36M · December 2008
Building
The Residences 5 (E2)

About 1402, The Residences 5 (E2)

1402 is a two-bedroom apartment of 1,431 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 14 December 2008 for AED 1,364,800, or AED 953 per sqft, 5% below the AED 1,005 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 3 October 2015, is AED 200,000 a year: a gross yield of 14.6% on the 2008 price, before the service charge of about AED 32,900 a year.

Sales and rents for 1402 over time

Sales
Unit 1402, each saleTypical two-bed in The Residences 5 (E2)
2M4M2008201320182023Typical sale price by year: 2008 AED 1,372,800; 2009 AED 1,272,800; 2010 AED 1,446,300; 2011 AED 1,846,944; 2012 AED 2,350,000; 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 by developer, December 2008: AED 1,364,800 (AED 953 per sqft)

1402 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1402, each contractTypical two-bed in The Residences 5 (E2)
100K150K200K2012201620202024Typical 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, May 2014: AED 147,000 a yearNew contract, May 2015: AED 220,000 a yearNew contract, October 2015: AED 200,000 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 1402 sits

All 61 2-beds →

1402 last sold in December 2008 at AED 953 per sqft, 5% below what two-beds in The Residences 5 (E2) were fetching at the time (AED 1,005). 1402's AED 200,000 is in the upper 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 14th floor

All 154 units in The Residences 5 (E2)
Value
14013-bedAED 1.81M · May 2010
14031-bedAED 2.05M · May 2013
14041-bedAED 1.35M · Apr 2013
14052-bedAED 2.3M · Oct 2023

1402, The Residences 5 (E2) in numbers

  • Sold once: by Emaar on 14 December 2008 for AED 1,364,800, or AED 953 per sqft.
  • Rented since May 2014 on 3 Ejari contracts, from AED 147,000 to AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2008 price is 14.6%, before a service charge of about AED 32,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 3 October 2015.

Questions about 1402, The Residences 5 (E2)

What did unit 1402 last sell for?

AED 1,364,800 on 14 December 2008, sold by the developer: AED 953 per sqft for 1,431 sqft. It is the only registered sale of the unit.

What is the rent for unit 1402?

AED 200,000 a year on the contract signed on 3 October 2015. The previous contract, from May 2015, was AED 220,000; the unit has been rented since May 2014.

How big is unit 1402?

1,431 sqft (132.9 sqm): a two-bedroom apartment on the 14th floor of a 33-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.

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Mortgage on 1402, The Residences 5 (E2)

Starts from the last sale price (AED 1.36M, 14 December 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,364,800
Deposit, UAE resident (20%)
AED 272,960
Deposit, non-resident (40%)
AED 545,920
Monthly over 25 years at 3.7%
AED 5,584

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