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2-bed · 1,365 sqftThe Residences 5 (E2), Downtown Dubai · 7th floor · completed 2007

705, The Residences 5 (E2)

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 705 · DLD and Ejari recordsUpdated 17 October 2023
Last soldAED 2.85M17 October 2023
Current rentAED 105K /yr1 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 705, The Residences 5 (E2)

What is 705 worth today?

Last sold for AED 2,850,000 in 2023

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17 Oct 2023SoldReady
AED 2,850,000AED 2,087 per sqft
1 Sep 2022RentedRenewal
AED 105,000/yr12 months · AED 77 per sqft
1 Sep 2021RentedRenewal
AED 95,000/yr12 months · AED 69 per sqft
1 Sep 2020RentedNew contract
AED 90,000/yr12 months · AED 66 per sqft
30 Nov 2018RentedRenewal
AED 140,000/yr12 months · AED 102 per sqft
14 Aug 2017SoldReady
AED 2,900,000AED 2,124 per sqft
8 Feb 2009Sold by developerReady
AED 1,173,800AED 859 per sqft

Source: Dubai Land Department. Updated 17 October 2023.

Key facts

Type
2-bed apartment
Size
1,365 sqft
Floor
7th of 33
Parking
P-259
Developer
Emaar
Completed
2007
Service charge
AED 31,400 /yr
Last sold
AED 2.85M · October 2023
Building
The Residences 5 (E2)

About 705, The Residences 5 (E2)

705 is a two-bedroom apartment of 1,365 sqft on the 7th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 17 October 2023 for AED 2,850,000, or AED 2,087 per sqft.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 1 September 2022, is AED 105,000 a year: a gross yield of 3.7% on the 2023 price, before the service charge of about AED 31,400 a year.

Sales and rents for 705 over time

Sales
Unit 705, 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, February 2009: AED 1,173,800 (AED 859 per sqft)Sold, August 2017: AED 2,900,000 (AED 2,124 per sqft)Sold, October 2023: AED 2,850,000 (AED 2,087 per sqft)

705 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 705, each contractTypical two-bed in The Residences 5 (E2)
100K150K200K2012201620202024Typical 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 175,000Renewal, November 2018: AED 140,000 a yearNew contract, September 2020: AED 90,000 a yearRenewal, September 2021: AED 95,000 a yearRenewal, September 2022: AED 105,000 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 705 sits

All 61 2-beds →

705's AED 105,000 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 7th floor

All 154 units in The Residences 5 (E2)
Value
7013-bedAED 4M · Dec 2020
7022-bedAED 3.5M · Jan 2024
7031-bedAED 2.1M · Jan 2017
7041-bedAED 1.38M · Jun 2026

705, The Residences 5 (E2) in numbers

  • Sold 3 times: first on 8 February 2009 for AED 1,173,800, last on 17 October 2023 for AED 2,850,000 (AED 2,087 per sqft).
  • Rented since November 2018 on 4 Ejari contracts. The rent fell from AED 140,000 to AED 90,000 in 2020 and recovered to AED 105,000 by September 2022.
  • At AED 105,000 a year the gross yield on the 2023 price is 3.7%, before a service charge of about AED 31,400 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 17 October 2023.

Questions about 705, The Residences 5 (E2)

What did unit 705 last sell for?

AED 2,850,000 on 17 October 2023: AED 2,087 per sqft for 1,365 sqft. The unit has 3 registered sales; the first was AED 1,173,800 in February 2009.

What is the rent for unit 705?

AED 105,000 a year on the contract renewed on 1 September 2022. The previous contract, from September 2021, was AED 95,000; the unit has been rented since November 2018.

How big is unit 705?

1,365 sqft (126.8 sqm): a two-bedroom apartment on the 7th floor of a 33-storey tower completed in 2007.

What is unit 705 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 705, The Residences 5 (E2)

Starts from the last sale price (AED 2.85M, 17 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,850,000
Deposit, UAE resident (20%)
AED 570,000
Deposit, non-resident (40%)
AED 1,140,000
Monthly over 25 years at 3.7%
AED 11,660

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