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2-bed · 1,431 sqftThe Residences 5 (E2), Downtown Dubai · 4th floor · completed 2007

402, The Residences 5 (E2)

Sold prices and rental history: sold 5 times, last in March 2021, and rented once, from May 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 18 March 2021
Last soldAED 2.5M18 March 2021
Current rentAED 155K /yr17 May 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402, The Residences 5 (E2)

What is 402 worth today?

Last sold for AED 2,500,000 in 2021

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18 Mar 2021SoldReady
AED 2,500,000AED 1,747 per sqft
27 Oct 2013SoldReady
AED 3,900,000AED 2,725 per sqft
17 May 2012RentedNew contract
AED 155,000/yr12 months · AED 108 per sqft
20 Dec 2010SoldReady
AED 1,950,000AED 1,362 per sqft
4 Mar 2010Sold by developerReady
AED 1,925,000AED 1,345 per sqft
4 Mar 2010SoldReady
AED 2,070,000AED 1,446 per sqft

Source: Dubai Land Department. Updated 18 March 2021.

Key facts

Type
2-bed apartment
Size
1,431 sqft
Floor
4th of 33
Parking
P-133
Developer
Emaar
Completed
2007
Service charge
AED 32,900 /yr
Last sold
AED 2.5M · March 2021
Building
The Residences 5 (E2)

About 402, The Residences 5 (E2)

402 is a two-bedroom apartment of 1,431 sqft on the 4th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 18 March 2021 for AED 2,500,000, or AED 1,747 per sqft, in line with the AED 1,747 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 17 May 2012. The current contract, signed on 17 May 2012, is AED 155,000 a year: a gross yield of 6.2% on the 2021 price, before the service charge of about AED 32,900 a year.

Sales and rents for 402 over time

Sales
Unit 402, 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 2010: AED 1,925,000 (AED 1,345 per sqft)Sold, March 2010: AED 2,070,000 (AED 1,446 per sqft)Sold, December 2010: AED 1,950,000 (AED 1,362 per sqft)Sold, October 2013: AED 3,900,000 (AED 2,725 per sqft)Sold, March 2021: AED 2,500,000 (AED 1,747 per sqft)

402 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 402, 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 2012: AED 155,000 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 402 sits

All 61 2-beds →

402 last sold in March 2021 at AED 1,747 per sqft, in line with what two-beds in The Residences 5 (E2) were fetching at the time (AED 1,747). 402's AED 155,000 is in the lower half 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 4th floor

All 154 units in The Residences 5 (E2)
Value
4013-bedAED 3.1M · Nov 2011
4031-bedAED 2.18M · May 2026
4041-bedAED 1.95M · Feb 2014
4052-bedAED 1.21M · Feb 2013

402, The Residences 5 (E2) in numbers

  • Sold 5 times: first on 4 March 2010 for AED 2,070,000, last on 18 March 2021 for AED 2,500,000 (AED 1,747 per sqft).
  • Rented since May 2012 on one Ejari contract, at AED 155,000 a year.
  • At AED 155,000 a year the gross yield on the 2021 price is 6.2%, before a service charge of about AED 32,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 18 March 2021.

Questions about 402, The Residences 5 (E2)

What did unit 402 last sell for?

AED 2,500,000 on 18 March 2021: AED 1,747 per sqft for 1,431 sqft. The unit has 5 registered sales; the first was AED 2,070,000 in March 2010.

What is the rent for unit 402?

AED 155,000 a year on the contract signed on 17 May 2012.

How big is unit 402?

1,431 sqft (132.9 sqm): a two-bedroom apartment on the 4th floor of a 33-storey tower completed in 2007.

What is unit 402 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 402, The Residences 5 (E2)

Starts from the last sale price (AED 2.5M, 18 March 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,500,000
Deposit, UAE resident (20%)
AED 500,000
Deposit, non-resident (40%)
AED 1,000,000
Monthly over 25 years at 3.7%
AED 10,228

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