2-bed · 1,365 sqftThe Residences 5 (E2), Downtown Dubai · 17th floor · completed 2007

1705, The Residences 5 (E2)

Sold prices and rental history: sold once, by the developer in January 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1705 · DLD and Ejari recordsUpdated 1 April 2022
Last soldAED 2.4M7 January 2013
Current rentAED 116K /yr1 April 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1705, The Residences 5 (E2)

What is 1705 worth today?

Last sold for AED 2,400,000 in 2013

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1 Apr 2022RentedRenewal
AED 115,500/yr12 months · AED 84 per sqft
1 Apr 2021RentedRenewal
AED 110,000/yr12 months · AED 80 per sqft
1 Apr 2020RentedNew contract
AED 110,000/yr12 months · AED 80 per sqft
26 Oct 2015RentedNew contract
AED 180,000/yr12 months · AED 132 per sqft
15 Oct 2014RentedNew contract
AED 190,000/yr12 months · AED 139 per sqft
6 Jul 2013RentedNew contract
AED 160,000/yr12 months · AED 117 per sqft
7 Jan 2013Sold by developerReady
AED 2,400,000AED 1,758 per sqft

Source: Dubai Land Department. Updated 1 April 2022.

Key facts

Type
2-bed apartment
Size
1,365 sqft
Floor
17th of 33
Parking
L1-951
Developer
Emaar
Completed
2007
Service charge
AED 31,400 /yr
Last sold
AED 2.4M · January 2013

About 1705, The Residences 5 (E2)

1705 is a two-bedroom apartment of 1,365 sqft on the 17th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 7 January 2013 for AED 2,400,000, or AED 1,758 per sqft, 20% above the AED 1,465 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 1 April 2022, is AED 115,500 a year: a gross yield of 4.8% on the 2013 price, before the service charge of about AED 31,400 a year.

Sales and rents for 1705 over time

Sales
Unit 1705, 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, January 2013: AED 2,400,000 (AED 1,758 per sqft)

1705 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1705, 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, July 2013: AED 160,000 a yearNew contract, October 2014: AED 190,000 a yearNew contract, October 2015: AED 180,000 a yearNew contract, April 2020: AED 110,000 a yearRenewal, April 2021: AED 110,000 a yearRenewal, April 2022: AED 115,500 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 1705 sits

All 61 2-beds →

1705 last sold in January 2013 at AED 1,758 per sqft, 20% above what two-beds in The Residences 5 (E2) were fetching at the time (AED 1,465). 1705's AED 115,500 is at the bottom 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 17th floor

All 154 units in The Residences 5 (E2)
Value
17013-bedAED 7M · Sep 2023
17022-bedAED 2M · Nov 2010
17031-bedAED 1.63M · Nov 2021
17041-bedAED 700K · Jun 2010

1705, The Residences 5 (E2) in numbers

  • Sold once: by Emaar on 7 January 2013 for AED 2,400,000, or AED 1,758 per sqft.
  • Rented since July 2013 on 6 Ejari contracts, from AED 160,000 to AED 115,500 a year.
  • At AED 115,500 a year the gross yield on the 2013 price is 4.8%, before a service charge of about AED 31,400 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 1 April 2022.

Questions about 1705, The Residences 5 (E2)

What did unit 1705 last sell for?

AED 2,400,000 on 7 January 2013, sold by the developer: AED 1,758 per sqft for 1,365 sqft. It is the only registered sale of the unit.

What is the rent for unit 1705?

AED 115,500 a year on the contract renewed on 1 April 2022. The previous contract, from April 2021, was AED 110,000; the unit has been rented since July 2013.

How big is unit 1705?

1,365 sqft (126.8 sqm): a two-bedroom apartment on the 17th floor of a 33-storey tower completed in 2007.

What is unit 1705 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 1705, The Residences 5 (E2)

Starts from the last sale price (AED 2.4M, 7 January 2013). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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