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3-bed · 1,977 sqftThe Residences 6 (E3), Downtown Dubai · 12th floor · completed 2007

1202, The Residences 6 (E3)

Sold prices and rental history: sold twice, last in April 2014, and rented once, from August 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 17 April 2014
Last soldAED 9M17 April 2014
Current rentAED 210K /yr1 August 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1202, The Residences 6 (E3)

What is 1202 worth today?

Last sold for AED 9,000,000 in 2014

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17 Apr 2014SoldReady
AED 9,000,000AED 4,552 per sqft
1 Aug 2013RentedNew contract
AED 210,000/yr12 months · AED 106 per sqft
12 Oct 2008Sold by developerReady
AED 2,224,800AED 1,125 per sqft

Source: Dubai Land Department. Updated 17 April 2014.

Key facts

Type
3-bed apartment
Size
1,977 sqft
Floor
12th of 21
Parking
B2 -446,B2-447
Developer
Emaar
Completed
2007
Service charge
AED 45,500 /yr
Last sold
AED 9M · April 2014
Building
The Residences 6 (E3)

About 1202, The Residences 6 (E3)

1202 is a three-bedroom apartment of 1,977 sqft on the 12th floor of The Residences 6 (E3), a 21-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 17 April 2014 for AED 9,000,000, or AED 4,552 per sqft, 7% above the AED 4,248 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2013. The current contract, signed on 1 August 2013, is AED 210,000 a year: a gross yield of 2.3% on the 2014 price, before the service charge of about AED 45,500 a year.

Sales and rents for 1202 over time

Sales
Unit 1202, each saleTypical three-bed in The Residences 6 (E3)
5M10M2008201220162020Typical sale price by year: 2008 AED 2,371,800; 2010 AED 3,625,000; 2011 AED 2,949,408; 2012 AED 4,024,228; 2014 AED 8,200,000; 2017 AED 6,100,000; 2022 AED 6,200,000Sold by developer, October 2008: AED 2,224,800 (AED 1,125 per sqft)Sold, April 2014: AED 9,000,000 (AED 4,552 per sqft)

1202 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1202, each contractTypical three-bed in The Residences 6 (E3)
200K300K2013201720212025Typical rent by year: 2013 AED 232,750; 2014 AED 290,000; 2015 AED 320,000; 2016 AED 290,000; 2017 AED 295,000; 2018 AED 290,000; 2019 AED 220,000; 2020 AED 186,000; 2021 AED 185,000; 2022 AED 215,000; 2023 AED 290,000; 2024 AED 300,000; 2025 AED 345,155; 2026 AED 295,000New contract, August 2013: AED 210,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in The Residences 6 (E3), and where 1202 sits

All 20 3-beds →

1202 last sold in April 2014 at AED 4,552 per sqft, 7% above what three-beds in The Residences 6 (E3) were fetching at the time (AED 4,248). 1202's AED 210,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
3 Oct 20245,000,000
18 Jul 202410,150,000
10 Oct 20227,100,000
30 May 20223,062,428
0 3-bed sales in the last 12 months

The Residences 6 (E3)

Building

79 apartments, 1-bed to 5-bed over 21 floors in Downtown Dubai, completed in 2007 by Emaar. 4 sold in the last 12 months.

Typical price per sqft
AED 2,616
Typical sale
AED 3.55M
Typical rent
AED 190K /yr
Typical yield
4.9%
The Residences 6 (E3), Downtown Dubai: prices, sales and rents →

Other units on the 12th floor

All 79 units in The Residences 6 (E3)
Value
12012-bedAED 1.33M · Dec 2008
12032-bedAED 1.68M · Mar 2010
12042-bedAED 1.3M · Aug 2008

1202, The Residences 6 (E3) in numbers

  • Sold twice: first on 12 October 2008 for AED 2,224,800, last on 17 April 2014 for AED 9,000,000 (AED 4,552 per sqft).
  • Rented since August 2013 on one Ejari contract, at AED 210,000 a year.
  • At AED 210,000 a year the gross yield on the 2014 price is 2.3%, before a service charge of about AED 45,500 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 17 April 2014.

Questions about 1202, The Residences 6 (E3)

What did unit 1202 last sell for?

AED 9,000,000 on 17 April 2014: AED 4,552 per sqft for 1,977 sqft. The unit has 2 registered sales; the first was AED 2,224,800 in October 2008.

What is the rent for unit 1202?

AED 210,000 a year on the contract signed on 1 August 2013.

How big is unit 1202?

1,977 sqft (183.7 sqm): a three-bedroom apartment on the 12th floor of a 21-storey tower completed in 2007.

What is unit 1202 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 1202, The Residences 6 (E3)

Starts from the last sale price (AED 9M, 17 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 9,000,000
Deposit, UAE resident (20%)
AED 1,800,000
Deposit, non-resident (40%)
AED 3,600,000
Monthly over 25 years at 3.7%
AED 36,822

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