1602, The Residences 5 (E2)
Sold prices and rental history: sold twice, last in January 2011, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, The Residences 5 (E2)
What is 1602 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,431 sqft
- Floor
- 16th of 33
- Parking
- L1-956
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 32,900 /yr
- Last sold
- AED 2.42M · January 2011
- Building
- The Residences 5 (E2)
About 1602, The Residences 5 (E2)
1602 is a two-bedroom apartment of 1,431 sqft on the 16th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 9 January 2011 for AED 2,415,000, or AED 1,687 per sqft, 67% above the AED 1,011 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 185,000 a year: a gross yield of 7.7% on the 2011 price, before the service charge of about AED 32,900 a year.
Sales and rents for 1602 over time
1602 has sold twice; 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 1602 sits
All 61 2-beds →1602 last sold in January 2011 at AED 1,687 per sqft, 67% above what two-beds in The Residences 5 (E2) were fetching at the time (AED 1,011). 1602's AED 185,000 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 16th floor
All 154 units in The Residences 5 (E2)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | 3-bed | 1,838 sqft | AED 7.7MAED 7,700,000 · Apr 2014April 2014 | 270,000 /yr | |
| 1603 | 1-bed | 1,092 sqft | AED 1.5MAED 1,500,000 · Apr 2019April 2019 | 110,000 /yr | |
| 1604 | 1-bed | 906 sqft | AED 2.06MAED 2,060,000 · Jul 2026July 2026 | 135,000 /yr | |
| 1605 | 2-bed | 1,365 sqft | AED 1.3MAED 1,302,800 · Jun 2010June 2010 | 165,000 /yr |
1602, The Residences 5 (E2) in numbers
- Sold twice: first on 29 December 2010 for AED 1,249,800, last on 9 January 2011 for AED 2,415,000 (AED 1,687 per sqft).
- Rented since October 2012 on 9 Ejari contracts, from AED 150,000 to AED 185,000 a year.
- At AED 185,000 a year the gross yield on the 2011 price is 7.7%, before a service charge of about AED 32,900 a year (AED 23.00 per sqft).
Source: Dubai Land Department. Updated 1 September 2026.
Questions about 1602, The Residences 5 (E2)
What did unit 1602 last sell for?
AED 2,415,000 on 9 January 2011: AED 1,687 per sqft for 1,431 sqft. The unit has 2 registered sales; the first was AED 1,249,800 in December 2010.
What is the rent for unit 1602?
AED 185,000 a year on the contract renewed on 1 September 2026. The previous contract, from September 2025, was AED 165,000; the unit has been rented since October 2012.
How big is unit 1602?
1,431 sqft (132.9 sqm): a two-bedroom apartment on the 16th floor of a 33-storey tower completed in 2007.
What is unit 1602 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 1602, The Residences 5 (E2)
Starts from the last sale price (AED 2.42M, 9 January 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 2,415,000
- Deposit, UAE resident (20%)
- AED 483,000
- Deposit, non-resident (40%)
- AED 966,000
- Monthly over 25 years at 3.7%
- AED 9,881
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →