1-bed · 1,092 sqftThe Residences 5 (E2), Downtown Dubai · 30th floor · completed 2007

3003, The Residences 5 (E2)

Sold prices and rental history: sold once, by the developer in April 2010, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3003 · DLD and Ejari recordsUpdated 11 May 2024
Last soldAED 870K13 April 2010
Current rentAED 109K /yr11 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3003, The Residences 5 (E2)

What is 3003 worth today?

Last sold for AED 869,800 in 2010

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11 May 2024RentedNew contract
AED 109,412/yr12 months · AED 100 per sqft
12 May 2023RentedRenewal
AED 100,000/yr12 months · AED 92 per sqft
12 May 2022RentedNew contract
AED 100,000/yr12 months · AED 92 per sqft
10 Apr 2021RentedRenewal
AED 85,000/yr12 months · AED 78 per sqft
10 Apr 2020RentedRenewal
AED 85,000/yr12 months · AED 78 per sqft
10 Apr 2019RentedRenewal
AED 112,000/yr12 months · AED 103 per sqft
10 Apr 2018RentedRenewal
AED 120,000/yr12 months · AED 110 per sqft
10 Apr 2017RentedRenewal
AED 125,000/yr12 months · AED 115 per sqft

Source: Dubai Land Department. Updated 11 May 2024.

Key facts

Type
1-bed apartment
Size
1,092 sqft
Floor
30th of 33
Parking
L1-812
Developer
Emaar
Completed
2007
Service charge
AED 25,100 /yr
Last sold
AED 870K · April 2010

About 3003, The Residences 5 (E2)

3003 is a one-bedroom apartment of 1,092 sqft on the 30th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 13 April 2010 for AED 869,800, or AED 796 per sqft, 4% below the AED 832 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, signed on 11 May 2024, is AED 109,412 a year: a gross yield of 12.6% on the 2010 price, before the service charge of about AED 25,100 a year.

Sales and rents for 3003 over time

Sales
Unit 3003, 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, April 2010: AED 869,800 (AED 796 per sqft)

3003 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3003, each contractTypical one-bed in The Residences 5 (E2)
75K100K125K2012201620202024Typical 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, April 2016: AED 125,000 a yearRenewal, April 2017: AED 125,000 a yearRenewal, April 2018: AED 120,000 a yearRenewal, April 2019: AED 112,000 a yearRenewal, April 2020: AED 85,000 a yearRenewal, April 2021: AED 85,000 a yearNew contract, May 2022: AED 100,000 a yearRenewal, May 2023: AED 100,000 a yearNew contract, May 2024: AED 109,412 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 3003 sits

All 60 1-beds →

3003 last sold in April 2010 at AED 796 per sqft, 4% below what one-beds in The Residences 5 (E2) were fetching at the time (AED 832). 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. 3003's AED 109,412 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 30th floor

All 154 units in The Residences 5 (E2)
Value
30013-bedAED 2.3M · Aug 2010
30022-bedAED 2.7M · Jun 2012
30041-bedAED 690K · Nov 2008
30052-bedAED 1.28M · Oct 2008

3003, The Residences 5 (E2) in numbers

  • Sold once: by Emaar on 13 April 2010 for AED 869,800, or AED 796 per sqft.
  • Rented since April 2016 on 9 Ejari contracts. The rent fell from AED 125,000 to AED 85,000 in 2021 and recovered to AED 109,412 by May 2024.
  • At AED 109,412 a year the gross yield on the 2010 price is 12.6%, before a service charge of about AED 25,100 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 11 May 2024.

Questions about 3003, The Residences 5 (E2)

What did unit 3003 last sell for?

AED 869,800 on 13 April 2010, sold by the developer: AED 796 per sqft for 1,092 sqft. It is the only registered sale of the unit.

What is the rent for unit 3003?

AED 109,412 a year on the contract signed on 11 May 2024. The previous contract, from May 2023, was AED 100,000; the unit has been rented since April 2016.

How big is unit 3003?

1,092 sqft (101.5 sqm): a one-bedroom apartment on the 30th floor of a 33-storey tower completed in 2007.

What is unit 3003 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 3003, The Residences 5 (E2)

Starts from the last sale price (AED 870K, 13 April 2010). Switch to today's estimate once you have unlocked it.
Price
AED 869,800
Deposit, UAE resident (20%)
AED 173,960
Deposit, non-resident (40%)
AED 347,920
Monthly over 25 years at 3.7%
AED 3,559

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