602, The Residences 5 (E2)
Sold prices and rental history: sold twice, last in December 2009, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 602, The Residences 5 (E2)
What is 602 worth today?
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Source: Dubai Land Department. Updated 1 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,431 sqft
- Floor
- 6th of 33
- Parking
- P-252
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 32,900 /yr
- Last sold
- AED 2.5M · December 2009
- Building
- The Residences 5 (E2)
About 602, The Residences 5 (E2)
602 is a two-bedroom apartment of 1,431 sqft on the 6th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 6 December 2009 for AED 2,500,000, or AED 1,747 per sqft, 85% above the AED 944 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, signed on 1 June 2024, is AED 200,000 a year: a gross yield of 8.0% on the 2009 price, before the service charge of about AED 32,900 a year.
Sales and rents for 602 over time
602 has sold twice; the dashed line is the two-bed median of each year in the building.
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 602 sits
All 61 2-beds →602 last sold in December 2009 at AED 1,747 per sqft, 85% above what two-beds in The Residences 5 (E2) were fetching at the time (AED 944). 602's AED 200,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 May 20257 May 2025 | 1,755 sqft | 4,700,000 | 2,678 | ||
| 6 Feb 20256 February 2025 | 1,431 sqft | 4,000,000 | 2,795 | ||
| 30 Oct 202430 October 2024 | 1,431 sqft | 4,550,000 | 3,179 | ||
| 1 Oct 20241 October 2024 | 1,755 sqft | 3,760,478 | 2,142 |
The Residences 5 (E2)
Building154 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%
Other units on the 6th floor
All 154 units in The Residences 5 (E2)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | 3-bed | 1,838 sqft | AED 4.41MAED 4,405,487 · Jan 2021January 2021 | 310,000 /yr | |
| 603 | 1-bed | 1,092 sqft | AED 1.64MAED 1,636,000 · Jan 2025January 2025 | 125,000 /yr | |
| 604 | 1-bed | 906 sqft | AED 650KAED 650,000 · Sep 2010September 2010 | 101,640 /yr | |
| 605 | 2-bed | 1,365 sqft | AED 1.81MAED 1,810,000 · Aug 2011August 2011 | 200,000 /yr |
602, The Residences 5 (E2) in numbers
- Sold twice: first on 1 October 2009 for AED 861,250, last on 6 December 2009 for AED 2,500,000 (AED 1,747 per sqft).
- Rented since March 2012 on 9 Ejari contracts. The rent fell from AED 160,000 to AED 123,000 in 2021 and recovered to AED 200,000 by June 2024.
- At AED 200,000 a year the gross yield on the 2009 price is 8.0%, before a service charge of about AED 32,900 a year (AED 23.00 per sqft).
Source: Dubai Land Department. Updated 1 June 2024.
Questions about 602, The Residences 5 (E2)
What did unit 602 last sell for?
AED 2,500,000 on 6 December 2009: AED 1,747 per sqft for 1,431 sqft. The unit has 2 registered sales; the first was AED 861,250 in October 2009.
What is the rent for unit 602?
AED 200,000 a year on the contract signed on 1 June 2024. The previous contract, from April 2021, was AED 123,000; the unit has been rented since March 2012.
How big is unit 602?
1,431 sqft (132.9 sqm): a two-bedroom apartment on the 6th floor of a 33-storey tower completed in 2007.
What is unit 602 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 602, The Residences 5 (E2)
Starts from the last sale price (AED 2.5M, 6 December 2009). 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 →