2-bed · 1,365 sqftThe Residences 5 (E2), Downtown Dubai · 29th floor · completed 2007

2905, The Residences 5 (E2)

Sold prices and rental history: sold 4 times, last in December 2017, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2905 · DLD and Ejari recordsUpdated 30 May 2021
Last soldAED 2.95M4 December 2017
Current rentAED 105K /yr30 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2905, The Residences 5 (E2)

What is 2905 worth today?

Last sold for AED 2,950,000 in 2017

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30 May 2021RentedNew contract
AED 105,000/yr12 months · AED 77 per sqft
20 Jul 2020RentedNew contract
AED 105,000/yr12 months · AED 77 per sqft
4 Dec 2017SoldReady
AED 2,950,000AED 2,161 per sqft
15 Aug 2017RentedRenewal
AED 170,000/yr12 months · AED 124 per sqft
15 Aug 2016RentedNew contract
AED 170,000/yr12 months · AED 124 per sqft
1 Jun 2014RentedNew contract
AED 205,000/yr12 months · AED 150 per sqft
6 Jun 2012SoldReady
AED 2,745,000AED 2,011 per sqft
26 Aug 2009Sold by developerReady
AED 2,142,000AED 1,569 per sqft

Source: Dubai Land Department. Updated 30 May 2021.

Key facts

Type
2-bed apartment
Size
1,365 sqft
Floor
29th of 33
Parking
L1-814
Developer
Emaar
Completed
2007
Service charge
AED 31,400 /yr
Last sold
AED 2.95M · December 2017

About 2905, The Residences 5 (E2)

2905 is a two-bedroom apartment of 1,365 sqft on the 29th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 4 December 2017 for AED 2,950,000, or AED 2,161 per sqft, in line with the AED 2,179 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 30 May 2021, is AED 105,000 a year: a gross yield of 3.6% on the 2017 price, before the service charge of about AED 31,400 a year.

Sales and rents for 2905 over time

Sales
Unit 2905, 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, August 2009: AED 2,142,000 (AED 1,569 per sqft)Sold, August 2009: AED 2,000,000 (AED 1,465 per sqft)Sold, June 2012: AED 2,745,000 (AED 2,011 per sqft)Sold, December 2017: AED 2,950,000 (AED 2,161 per sqft)

2905 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2905, 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, June 2014: AED 205,000 a yearNew contract, August 2016: AED 170,000 a yearRenewal, August 2017: AED 170,000 a yearNew contract, July 2020: AED 105,000 a yearNew contract, May 2021: AED 105,000 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 2905 sits

All 61 2-beds →

2905 last sold in December 2017 at AED 2,161 per sqft, in line with what two-beds in The Residences 5 (E2) were fetching at the time (AED 2,179). 2905's AED 105,000 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 29th floor

All 154 units in The Residences 5 (E2)
Value
29013-bedAED 1.79M · May 2010
29022-bedAED 3.72M · Mar 2016
29031-bedAED 1.78M · May 2018
29041-bedAED 1.14M · Oct 2012

2905, The Residences 5 (E2) in numbers

  • Sold 4 times: first on 26 August 2009 for AED 2,000,000, last on 4 December 2017 for AED 2,950,000 (AED 2,161 per sqft).
  • Rented since June 2014 on 5 Ejari contracts, from AED 205,000 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2017 price is 3.6%, before a service charge of about AED 31,400 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 30 May 2021.

Questions about 2905, The Residences 5 (E2)

What did unit 2905 last sell for?

AED 2,950,000 on 4 December 2017: AED 2,161 per sqft for 1,365 sqft. The unit has 4 registered sales; the first was AED 2,000,000 in August 2009.

What is the rent for unit 2905?

AED 105,000 a year on the contract signed on 30 May 2021. The previous contract, from July 2020, was AED 105,000; the unit has been rented since June 2014.

How big is unit 2905?

1,365 sqft (126.8 sqm): a two-bedroom apartment on the 29th floor of a 33-storey tower completed in 2007.

What is unit 2905 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 2905, The Residences 5 (E2)

Starts from the last sale price (AED 2.95M, 4 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

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