1-bed · 1,092 sqftThe Residences 5 (E2), Downtown Dubai · 31st floor · completed 2007

3103, The Residences 5 (E2)

Sold prices and rental history: sold twice, last in November 2023, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3103 · DLD and Ejari recordsUpdated 24 November 2023
Last soldAED 2.2M24 November 2023
Current rentAED 115K /yr7 July 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3103, The Residences 5 (E2)

What is 3103 worth today?

Last sold for AED 2,200,000 in 2023

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24 Nov 2023SoldReady
AED 2,200,000AED 2,014 per sqft
7 Jul 2017RentedNew contract
AED 115,000/yr12 months · AED 106 per sqft
22 Jun 2015RentedNew contract
AED 135,000/yr12 months · AED 124 per sqft
25 Jul 2013Sold by developerReady
AED 1,173,888AED 1,074 per sqft

Source: Dubai Land Department. Updated 24 November 2023.

Key facts

Type
1-bed apartment
Size
1,092 sqft
Floor
31st of 33
Parking
L1-806
Developer
Emaar
Completed
2007
Service charge
AED 25,100 /yr
Last sold
AED 2.2M · November 2023

About 3103, The Residences 5 (E2)

3103 is a one-bedroom apartment of 1,092 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 24 November 2023 for AED 2,200,000, or AED 2,014 per sqft, 6% above the AED 1,903 one-beds in the building were fetching at the time.

It has been rented since 2015 on 2 Ejari contracts. The current contract, signed on 7 July 2017, is AED 115,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 25,100 a year.

Sales and rents for 3103 over time

Sales
Unit 3103, 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, July 2013: AED 1,173,888 (AED 1,074 per sqft)Sold, November 2023: AED 2,200,000 (AED 2,014 per sqft)

3103 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3103, 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, June 2015: AED 135,000 a yearNew contract, July 2017: AED 115,000 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 3103 sits

All 60 1-beds →

3103 last sold in November 2023 at AED 2,014 per sqft, 6% above what one-beds in The Residences 5 (E2) were fetching at the time (AED 1,903). 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. 3103's AED 115,000 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 31st floor

All 154 units in The Residences 5 (E2)
Value
31013-bedAED 3.95M · Dec 2011
31022-bedAED 3.85M · May 2024
31041-bedAED 1.86M · Mar 2024
31052-bedAED 2.45M · May 2018

3103, The Residences 5 (E2) in numbers

  • Sold twice: first on 25 July 2013 for AED 1,173,888, last on 24 November 2023 for AED 2,200,000 (AED 2,014 per sqft).
  • Rented since June 2015 on 2 Ejari contracts, from AED 135,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2023 price is 5.2%, 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 24 November 2023.

Questions about 3103, The Residences 5 (E2)

What did unit 3103 last sell for?

AED 2,200,000 on 24 November 2023: AED 2,014 per sqft for 1,092 sqft. The unit has 2 registered sales; the first was AED 1,173,888 in July 2013.

What is the rent for unit 3103?

AED 115,000 a year on the contract signed on 7 July 2017. The previous contract, from June 2015, was AED 135,000.

How big is unit 3103?

1,092 sqft (101.5 sqm): a one-bedroom apartment on the 31st floor of a 33-storey tower completed in 2007.

What is unit 3103 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 3103, The Residences 5 (E2)

Starts from the last sale price (AED 2.2M, 24 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

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