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1-bed · 906 sqftThe Residences 5 (E2), Downtown Dubai · 24th floor · completed 2007

2404, The Residences 5 (E2)

Sold prices and rental history: sold twice, last in December 2016, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2404 · DLD and Ejari recordsUpdated 22 December 2016
Last soldAED 1.85M22 December 2016
Current rentAED 105K /yr24 March 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2404, The Residences 5 (E2)

What is 2404 worth today?

Last sold for AED 1,850,000 in 2016

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22 Dec 2016SoldReady
AED 1,850,000AED 2,041 per sqft
24 Mar 2015RentedNew contract
AED 105,000/yr12 months · AED 116 per sqft
24 Mar 2014RentedNew contract
AED 105,000/yr12 months · AED 116 per sqft
24 Mar 2013RentedNew contract
AED 105,000/yr12 months · AED 116 per sqft
29 Jun 2009Sold by developerReady
AED 743,800AED 820 per sqft

Source: Dubai Land Department. Updated 22 December 2016.

Key facts

Type
1-bed apartment
Size
906 sqft
Floor
24th of 33
Parking
P-21
Developer
Emaar
Completed
2007
Service charge
AED 20,800 /yr
Last sold
AED 1.85M · December 2016
Building
The Residences 5 (E2)

About 2404, The Residences 5 (E2)

2404 is a one-bedroom apartment of 906 sqft on the 24th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 22 December 2016 for AED 1,850,000, or AED 2,041 per sqft.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 24 March 2015, is AED 105,000 a year: a gross yield of 5.7% on the 2016 price, before the service charge of about AED 20,800 a year.

Sales and rents for 2404 over time

Sales
Unit 2404, each saleTypical one-bed in The Residences 5 (E2)
1M2M2008201320182023Typical sale price by year: 2008 AED 800,000; 2009 AED 865,800; 2010 AED 877,800; 2011 AED 1,012,500; 2012 AED 1,175,000; 2013 AED 1,490,000; 2015 AED 2,000,000; 2017 AED 2,100,000; 2019 AED 1,425,000; 2021 AED 1,249,000; 2023 AED 1,975,000; 2024 AED 1,852,500; 2025 AED 2,225,000; 2026 AED 2,262,500Sold by developer, June 2009: AED 743,800 (AED 820 per sqft)Sold, December 2016: AED 1,850,000 (AED 2,041 per sqft)

2404 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2404, each contractTypical one-bed in The Residences 5 (E2)
80K100K120K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 102,500; 2014 AED 110,000; 2015 AED 120,000; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 102,500; 2019 AED 95,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 90,000; 2023 AED 100,000; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 115,000New contract, March 2013: AED 105,000 a yearNew contract, March 2014: AED 105,000 a yearNew contract, March 2015: AED 105,000 a year

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 2404 sits

All 60 1-beds →

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. 2404's AED 105,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
23 Oct 20262,450,000
25 Sep 20262,350,000
23 Jul 20262,060,000
11 Jun 20261,375,000
7 1-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 24th floor

All 154 units in The Residences 5 (E2)
Value
24013-bedAED 4.14M · Apr 2010
24022-bedAED 1.44M · Aug 2010
24031-bedAED 936K · Aug 2013
24052-bedAED 1.81M · Oct 2012

2404, The Residences 5 (E2) in numbers

  • Sold twice: first on 29 June 2009 for AED 743,800, last on 22 December 2016 for AED 1,850,000 (AED 2,041 per sqft).
  • Rented since March 2013 on 3 Ejari contracts, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2016 price is 5.7%, before a service charge of about AED 20,800 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 22 December 2016.

Questions about 2404, The Residences 5 (E2)

What did unit 2404 last sell for?

AED 1,850,000 on 22 December 2016: AED 2,041 per sqft for 906 sqft. The unit has 2 registered sales; the first was AED 743,800 in June 2009.

What is the rent for unit 2404?

AED 105,000 a year on the contract signed on 24 March 2015. The previous contract, from March 2014, was AED 105,000; the unit has been rented since March 2013.

How big is unit 2404?

906 sqft (84.2 sqm): a one-bedroom apartment on the 24th floor of a 33-storey tower completed in 2007.

What is unit 2404 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 2404, The Residences 5 (E2)

Starts from the last sale price (AED 1.85M, 22 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

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