1603, The Residences 5 (E2)
Sold prices and rental history: sold 3 times, last in April 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1603, The Residences 5 (E2)
What is 1603 worth today?
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Source: Dubai Land Department. Updated 25 April 2019.
Key facts
- Type
- 1-bed apartment
- Size
- 1,092 sqft
- Floor
- 16th of 33
- Parking
- L1-893
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 25,100 /yr
- Last sold
- AED 1.5M · April 2019
- Building
- The Residences 5 (E2)
About 1603, The Residences 5 (E2)
1603 is a one-bedroom apartment of 1,092 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 25 April 2019 for AED 1,500,000, or AED 1,373 per sqft, 11% below the AED 1,545 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 4 Ejari contracts. The current contract, renewed on 1 August 2018, is AED 110,000 a year: a gross yield of 7.3% on the 2019 price, before the service charge of about AED 25,100 a year.
Sales and rents for 1603 over time
1603 has sold 3 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Residences 5 (E2), and where 1603 sits
All 60 1-beds →1603 last sold in April 2019 at AED 1,373 per sqft, 11% below what one-beds in The Residences 5 (E2) were fetching at the time (AED 1,545). Over the last 12 months one-beds sold for AED 1,375,000 to 2,450,000, around AED 2,152 per sqft, and rent for AED 90,000 to 157,500 a year. 1603's AED 110,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 23 Oct 202623 October 2026 | 1,092 sqft | 2,450,000 | 2,243 | ||
| 25 Sep 202625 September 2026 | 1,092 sqft | 2,350,000 | 2,152 | ||
| 23 Jul 202623 July 2026 | 906 sqft | 2,060,000 | 2,273 | ||
| 11 Jun 202611 June 2026 | 906 sqft | 1,375,000 | 1,517 |
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 | |
| 1602 | 2-bed | 1,431 sqft | AED 2.42MAED 2,415,000 · Jan 2011January 2011 | 185,000 /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 |
1603, The Residences 5 (E2) in numbers
- Sold 3 times: first on 28 February 2010 for AED 1,300,000, last on 25 April 2019 for AED 1,500,000 (AED 1,373 per sqft).
- Rented since August 2015 on 4 Ejari contracts, from AED 130,000 to AED 110,000 a year.
- At AED 110,000 a year the gross yield on the 2019 price is 7.3%, before a service charge of about AED 25,100 a year (AED 23.00 per sqft).
- One-beds in The Residences 5 (E2) sold for AED 1,375,000–2,450,000 in the 12 months to November 2026; the building's median across all types is AED 2,152 per sqft.
Source: Dubai Land Department. Updated 25 April 2019.
Questions about 1603, The Residences 5 (E2)
What did unit 1603 last sell for?
AED 1,500,000 on 25 April 2019: AED 1,373 per sqft for 1,092 sqft. The unit has 3 registered sales; the first was AED 1,300,000 in February 2010.
What is the rent for unit 1603?
AED 110,000 a year on the contract renewed on 1 August 2018. The previous contract, from August 2017, was AED 122,000; the unit has been rented since August 2015.
How big is unit 1603?
1,092 sqft (101.5 sqm): a one-bedroom apartment on the 16th floor of a 33-storey tower completed in 2007.
What is unit 1603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences 5 (E2) sold for AED 1,375,000 to 2,450,000 in the last 12 months, around AED 2,152 per sqft.
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Mortgage on 1603, The Residences 5 (E2)
Starts from the last sale price (AED 1.5M, 25 April 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,500,000
- Deposit, UAE resident (20%)
- AED 300,000
- Deposit, non-resident (40%)
- AED 600,000
- Monthly over 25 years at 3.7%
- AED 6,137
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →