1502, The Residences 5 (E2)
Sold prices and rental history: sold twice, last in July 2024, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1502, The Residences 5 (E2)
What is 1502 worth today?
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Source: Dubai Land Department. Updated 17 July 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,431 sqft
- Floor
- 15th of 33
- Parking
- L1-952
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 32,900 /yr
- Last sold
- AED 5.2M · July 2024
- Building
- The Residences 5 (E2)
About 1502, The Residences 5 (E2)
1502 is a two-bedroom apartment of 1,431 sqft on the 15th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 17 July 2024 for AED 5,200,000, or AED 3,633 per sqft, 65% above the AED 2,205 two-beds in the building were fetching at the time.
It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 5 August 2015, is AED 195,000 a year: a gross yield of 3.8% on the 2024 price, before the service charge of about AED 32,900 a year.
Sales and rents for 1502 over time
1502 has sold once; the dashed line is the two-bed median of each year in the building.
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 1502 sits
All 61 2-beds →1502 last sold in July 2024 at AED 3,633 per sqft, 65% above what two-beds in The Residences 5 (E2) were fetching at the time (AED 2,205). 1502's AED 195,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 May 20257 May 2025 | 1,755 sqft | 4,700,000 | 2,678 | ||
| 6 Feb 20256 February 2025 | 1,431 sqft | 4,000,000 | 2,795 | ||
| 30 Oct 202430 October 2024 | 1,431 sqft | 4,550,000 | 3,179 | ||
| 1 Oct 20241 October 2024 | 1,755 sqft | 3,760,478 | 2,142 |
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 15th floor
All 154 units in The Residences 5 (E2)1502, The Residences 5 (E2) in numbers
- Sold twice: first on 15 November 2011 for AED 652,900, last on 17 July 2024 for AED 5,200,000 (AED 3,633 per sqft).
- Rented since August 2014 on 2 Ejari contracts, from AED 190,000 to AED 195,000 a year.
- At AED 195,000 a year the gross yield on the 2024 price is 3.8%, before a service charge of about AED 32,900 a year (AED 23.00 per sqft).
Source: Dubai Land Department. Updated 17 July 2024.
Questions about 1502, The Residences 5 (E2)
What did unit 1502 last sell for?
AED 5,200,000 on 17 July 2024: AED 3,633 per sqft for 1,431 sqft. The unit has 2 registered sales; the first was AED 652,900 in November 2011.
What is the rent for unit 1502?
AED 195,000 a year on the contract signed on 5 August 2015. The previous contract, from August 2014, was AED 190,000.
How big is unit 1502?
1,431 sqft (132.9 sqm): a two-bedroom apartment on the 15th floor of a 33-storey tower completed in 2007.
What is unit 1502 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 1502, The Residences 5 (E2)
Starts from the last sale price (AED 5.2M, 17 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,200,000
- Deposit, UAE resident (20%)
- AED 1,040,000
- Deposit, non-resident (40%)
- AED 2,080,000
- Monthly over 25 years at 3.7%
- AED 21,275
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →