1701, The Residences 5 (E2)
Sold prices and rental history: sold twice, last in September 2023, 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 1701, The Residences 5 (E2)
What is 1701 worth today?
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Source: Dubai Land Department. Updated 4 September 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,838 sqft
- Floor
- 17th of 33
- Parking
- B2 -332,B2-333
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 42,300 /yr
- Last sold
- AED 7M · September 2023
- Building
- The Residences 5 (E2)
About 1701, The Residences 5 (E2)
1701 is a three-bedroom apartment of 1,838 sqft on the 17th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 4 September 2023 for AED 7,000,000, or AED 3,808 per sqft.
It has been rented continuously since 2012 on 10 Ejari contracts. The current contract, signed on 11 January 2022, is AED 212,500 a year: a gross yield of 3.0% on the 2023 price, before the service charge of about AED 42,300 a year.
Sales and rents for 1701 over time
1701 has sold twice; 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 1701 sits
All 31 3-beds →1701's AED 212,500 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 | ||
| 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 | ||
| 20 Jan 202120 January 2021 | 1,838 sqft | 3,950,000 | 2,149 |
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 17th floor
All 154 units in The Residences 5 (E2)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1702 | 2-bed | 1,431 sqft | AED 2MAED 2,000,000 · Nov 2010November 2010 | 150,000 /yr | |
| 1703 | 1-bed | 1,092 sqft | AED 1.63MAED 1,625,000 · Nov 2021November 2021 | 80,000 /yr | |
| 1704 | 1-bed | 906 sqft | AED 700KAED 700,000 · Jun 2010June 2010 | 115,000 /yr | |
| 1705 | 2-bed | 1,365 sqft | AED 2.4MAED 2,400,000 · Jan 2013January 2013 | 115,500 /yr |
1701, The Residences 5 (E2) in numbers
- Sold twice: first on 8 October 2008 for AED 1,668,800, last on 4 September 2023 for AED 7,000,000 (AED 3,808 per sqft).
- Rented since April 2012 on 10 Ejari contracts, from AED 200,000 to AED 212,500 a year.
- At AED 212,500 a year the gross yield on the 2023 price is 3.0%, before a service charge of about AED 42,300 a year (AED 23.00 per sqft).
Source: Dubai Land Department. Updated 4 September 2023.
Questions about 1701, The Residences 5 (E2)
What did unit 1701 last sell for?
AED 7,000,000 on 4 September 2023: AED 3,808 per sqft for 1,838 sqft. The unit has 2 registered sales; the first was AED 1,668,800 in October 2008.
What is the rent for unit 1701?
AED 212,500 a year on the contract signed on 11 January 2022. The previous contract, from October 2020, was AED 221,425; the unit has been rented since April 2012.
How big is unit 1701?
1,838 sqft (170.8 sqm): a three-bedroom apartment on the 17th floor of a 33-storey tower completed in 2007.
What is unit 1701 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 1701, The Residences 5 (E2)
Starts from the last sale price (AED 7M, 4 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 7,000,000
- Deposit, UAE resident (20%)
- AED 1,400,000
- Deposit, non-resident (40%)
- AED 2,800,000
- Monthly over 25 years at 3.7%
- AED 28,639
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →