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2-bed · 1,431 sqftThe Residences 5 (E2), Downtown Dubai · 31st floor · completed 2007

3102, The Residences 5 (E2)

Sold prices and rental history: sold twice, last in May 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3102 · DLD and Ejari recordsUpdated 28 May 2024
Last soldAED 3.85M28 May 2024
Current rentAED 130K /yr15 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3102, The Residences 5 (E2)

What is 3102 worth today?

Last sold for AED 3,850,000 in 2024

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28 May 2024SoldReady
AED 3,850,000AED 2,690 per sqft
15 May 2023RentedNew contract
AED 130,000/yr12 months · AED 91 per sqft
16 May 2022RentedRenewal
AED 130,000/yr12 months · AED 91 per sqft
16 May 2021RentedRenewal
AED 125,000/yr12 months · AED 87 per sqft
16 May 2019RentedRenewal
AED 150,000/yr24 months · AED 105 per sqft
14 May 2018RentedNew contract
AED 175,000/yr12 months · AED 122 per sqft
13 Mar 2011Sold by developerReady
AED 1,818,888AED 1,271 per sqft

Source: Dubai Land Department. Updated 28 May 2024.

Key facts

Type
2-bed apartment
Size
1,431 sqft
Floor
31st of 33
Parking
L1-807
Developer
Emaar
Completed
2007
Service charge
AED 32,900 /yr
Last sold
AED 3.85M · May 2024
Building
The Residences 5 (E2)

About 3102, The Residences 5 (E2)

3102 is a two-bedroom apartment of 1,431 sqft on the 31st floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 28 May 2024 for AED 3,850,000, or AED 2,690 per sqft, 27% above the AED 2,124 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 15 May 2023, is AED 130,000 a year: a gross yield of 3.4% on the 2024 price, before the service charge of about AED 32,900 a year.

Sales and rents for 3102 over time

Sales
Unit 3102, 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, March 2011: AED 1,818,888 (AED 1,271 per sqft)Sold, May 2024: AED 3,850,000 (AED 2,690 per sqft)

3102 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3102, 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 175,000New contract, May 2018: AED 175,000 a yearRenewal, May 2019: AED 150,000 a yearRenewal, May 2021: AED 125,000 a yearRenewal, May 2022: AED 130,000 a yearNew contract, May 2023: AED 130,000 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 3102 sits

All 61 2-beds →

3102 last sold in May 2024 at AED 2,690 per sqft, 27% above what two-beds in The Residences 5 (E2) were fetching at the time (AED 2,124). 3102's AED 130,000 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 31st floor

All 154 units in The Residences 5 (E2)
Value
31013-bedAED 3.95M · Dec 2011
31031-bedAED 2.2M · Nov 2023
31041-bedAED 1.86M · Mar 2024
31052-bedAED 2.45M · May 2018

3102, The Residences 5 (E2) in numbers

  • Sold twice: first on 13 March 2011 for AED 1,818,888, last on 28 May 2024 for AED 3,850,000 (AED 2,690 per sqft).
  • Rented since May 2018 on 5 Ejari contracts, from AED 175,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2024 price is 3.4%, before a service charge of about AED 32,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 28 May 2024.

Questions about 3102, The Residences 5 (E2)

What did unit 3102 last sell for?

AED 3,850,000 on 28 May 2024: AED 2,690 per sqft for 1,431 sqft. The unit has 2 registered sales; the first was AED 1,818,888 in March 2011.

What is the rent for unit 3102?

AED 130,000 a year on the contract signed on 15 May 2023. The previous contract, from May 2022, was AED 130,000; the unit has been rented since May 2018.

How big is unit 3102?

1,431 sqft (132.9 sqm): a two-bedroom apartment on the 31st floor of a 33-storey tower completed in 2007.

What is unit 3102 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 3102, The Residences 5 (E2)

Starts from the last sale price (AED 3.85M, 28 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,850,000
Deposit, UAE resident (20%)
AED 770,000
Deposit, non-resident (40%)
AED 1,540,000
Monthly over 25 years at 3.7%
AED 15,752

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