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2-bed · 1,431 sqftThe Residences 5 (E2), Downtown Dubai · 9th floor · completed 2007

902, The Residences 5 (E2)

Sold prices and rental history: sold 5 times, last in August 2021, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 902 · DLD and Ejari recordsUpdated 15 August 2021
Last soldAED 3.45M15 August 2021
Current rentAED 105K /yr24 September 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 902, The Residences 5 (E2)

What is 902 worth today?

Last sold for AED 3,450,000 in 2021

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15 Aug 2021SoldReady
AED 3,450,000AED 2,410 per sqft
24 Sep 2020RentedNew contract
AED 105,000/yr12 months · AED 73 per sqft
1 Mar 2014RentedNew contract
AED 191,027/yr6 months · AED 133 per sqft
2 Oct 2013SoldReady
AED 3,900,000AED 2,725 per sqft
25 Feb 2013SoldReady
AED 3,900,000AED 2,725 per sqft
10 Feb 2010Sold by developerReady
AED 1,700,000AED 1,188 per sqft
10 Feb 2010SoldReady
AED 2,350,000AED 1,642 per sqft

Source: Dubai Land Department. Updated 15 August 2021.

Key facts

Type
2-bed apartment
Size
1,431 sqft
Floor
9th of 33
Parking
P-264
Developer
Emaar
Completed
2007
Service charge
AED 32,900 /yr
Last sold
AED 3.45M · August 2021
Building
The Residences 5 (E2)

About 902, The Residences 5 (E2)

902 is a two-bedroom apartment of 1,431 sqft on the 9th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 15 August 2021 for AED 3,450,000, or AED 2,410 per sqft, 30% above the AED 1,852 two-beds in the building were fetching at the time.

It has been rented since 2014 on 2 Ejari contracts. The current contract, signed on 24 September 2020, is AED 105,000 a year: a gross yield of 3.0% on the 2021 price, before the service charge of about AED 32,900 a year.

Sales and rents for 902 over time

Sales
Unit 902, 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 2010: AED 1,700,000 (AED 1,188 per sqft)Sold, February 2010: AED 2,350,000 (AED 1,642 per sqft)Sold, February 2013: AED 3,900,000 (AED 2,725 per sqft)Sold, October 2013: AED 3,900,000 (AED 2,725 per sqft)Sold, August 2021: AED 3,450,000 (AED 2,410 per sqft)

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

Rents
Unit 902, 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 175,000New contract, March 2014: AED 191,027 a yearNew contract, September 2020: 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 902 sits

All 61 2-beds →

902 last sold in August 2021 at AED 2,410 per sqft, 30% above what two-beds in The Residences 5 (E2) were fetching at the time (AED 1,852). 902'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 9th floor

All 154 units in The Residences 5 (E2)
Value
9013-bedAED 1.75M · May 2009
9031-bedAED 2.28M · Nov 2025
9041-bedAED 800K · Oct 2008
9052-bedAED 2M · Jun 2012

902, The Residences 5 (E2) in numbers

  • Sold 5 times: first on 10 February 2010 for AED 2,350,000, last on 15 August 2021 for AED 3,450,000 (AED 2,410 per sqft).
  • Rented since March 2014 on 2 Ejari contracts, from AED 191,027 to AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2021 price is 3.0%, before a service charge of about AED 32,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 15 August 2021.

Questions about 902, The Residences 5 (E2)

What did unit 902 last sell for?

AED 3,450,000 on 15 August 2021: AED 2,410 per sqft for 1,431 sqft. The unit has 5 registered sales; the first was AED 2,350,000 in February 2010.

What is the rent for unit 902?

AED 105,000 a year on the contract signed on 24 September 2020. The previous contract, from March 2014, was AED 191,027.

How big is unit 902?

1,431 sqft (132.9 sqm): a two-bedroom apartment on the 9th floor of a 33-storey tower completed in 2007.

What is unit 902 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 902, The Residences 5 (E2)

Starts from the last sale price (AED 3.45M, 15 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,450,000
Deposit, UAE resident (20%)
AED 690,000
Deposit, non-resident (40%)
AED 1,380,000
Monthly over 25 years at 3.7%
AED 14,115

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