2-bed · 1,431 sqftThe Residences 5 (E2), Downtown Dubai · 30th floor · completed 2007

3002, The Residences 5 (E2)

Sold prices and rental history: sold 3 times, last in June 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3002 · DLD and Ejari recordsUpdated 26 June 2012
Last soldAED 2.7M26 June 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3002, The Residences 5 (E2)

What is 3002 worth today?

Last sold for AED 2,700,000 in 2012

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26 Jun 2012SoldReady
AED 2,700,000AED 1,886 per sqft
8 May 2011SoldReady
AED 2,470,000AED 1,726 per sqft
7 Jul 2010Sold by developerReady
AED 1,347,800AED 941 per sqft

Source: Dubai Land Department. Updated 26 June 2012.

Key facts

Type
2-bed apartment
Size
1,431 sqft
Floor
30th of 33
Parking
L1-813
Developer
Emaar
Completed
2007
Service charge
AED 32,900 /yr
Last sold
AED 2.7M · June 2012

About 3002, The Residences 5 (E2)

3002 is a two-bedroom apartment of 1,431 sqft on the 30th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 26 June 2012 for AED 2,700,000, or AED 1,886 per sqft, 38% above the AED 1,368 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3002 over time

Sales
Unit 3002, 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, July 2010: AED 1,347,800 (AED 941 per sqft)Sold, May 2011: AED 2,470,000 (AED 1,726 per sqft)Sold, June 2012: AED 2,700,000 (AED 1,886 per sqft)

3002 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3002, each contractTypical two-bed in The Residences 5 (E2)
100K150K2012201620202024Typical 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 175,000

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 3002 sits

All 61 2-beds →

3002 last sold in June 2012 at AED 1,886 per sqft, 38% above what two-beds in The Residences 5 (E2) were fetching at the time (AED 1,368).

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 30th floor

All 154 units in The Residences 5 (E2)
Value
30013-bedAED 2.3M · Aug 2010
30031-bedAED 870K · Apr 2010
30041-bedAED 690K · Nov 2008
30052-bedAED 1.28M · Oct 2008

3002, The Residences 5 (E2) in numbers

  • Sold 3 times: first on 7 July 2010 for AED 1,347,800, last on 26 June 2012 for AED 2,700,000 (AED 1,886 per sqft).

Source: Dubai Land Department. Updated 26 June 2012.

Questions about 3002, The Residences 5 (E2)

What did unit 3002 last sell for?

AED 2,700,000 on 26 June 2012: AED 1,886 per sqft for 1,431 sqft. The unit has 3 registered sales; the first was AED 1,347,800 in July 2010.

How big is unit 3002?

1,431 sqft (132.9 sqm): a two-bedroom apartment on the 30th floor of a 33-storey tower completed in 2007.

What is unit 3002 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 3002, The Residences 5 (E2)

Starts from the last sale price (AED 2.7M, 26 June 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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