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3-bed · 1,977 sqftThe Residences 6 (E3), Downtown Dubai · 13th floor · completed 2007

1302, The Residences 6 (E3)

Sold prices and rental history: sold 3 times, last in June 2018, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1302 · DLD and Ejari recordsUpdated 3 October 2020
Last soldAED 6.7M24 June 2018
Current rentAED 120K /yr3 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1302, The Residences 6 (E3)

What is 1302 worth today?

Last sold for AED 6,700,000 in 2018

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3 Oct 2020RentedNew contract
AED 120,000/yr12 months · AED 61 per sqft
24 Jun 2018SoldReady
AED 6,700,000AED 3,388 per sqft
10 Mar 2014RentedNew contract
AED 267,500/yr12 months · AED 135 per sqft
10 Mar 2013RentedNew contract
AED 250,000/yr12 months · AED 126 per sqft
17 Oct 2010SoldReady
AED 3,950,000AED 1,997 per sqft
5 Apr 2010Sold by developerReady
AED 1,424,444AED 720 per sqft

Source: Dubai Land Department. Updated 3 October 2020.

Key facts

Type
3-bed apartment
Size
1,977 sqft
Floor
13th of 21
Parking
B2 -323,B2-324
Developer
Emaar
Completed
2007
Service charge
AED 45,500 /yr
Last sold
AED 6.7M · June 2018
Building
The Residences 6 (E3)

About 1302, The Residences 6 (E3)

1302 is a three-bedroom apartment of 1,977 sqft on the 13th floor of The Residences 6 (E3), a 21-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 24 June 2018 for AED 6,700,000, or AED 3,388 per sqft, 10% above the AED 3,085 three-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 3 October 2020, is AED 120,000 a year: a gross yield of 1.8% on the 2018 price, before the service charge of about AED 45,500 a year.

Sales and rents for 1302 over time

Sales
Unit 1302, each saleTypical three-bed in The Residences 6 (E3)
5M2008201220162020Typical 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, April 2010: AED 1,424,444 (AED 720 per sqft)Sold, October 2010: AED 3,950,000 (AED 1,997 per sqft)Sold, June 2018: AED 6,700,000 (AED 3,388 per sqft)

1302 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1302, each contractTypical three-bed in The Residences 6 (E3)
200K2013201720212025Typical 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, March 2013: AED 250,000 a yearNew contract, March 2014: AED 267,500 a yearNew contract, October 2020: AED 120,000 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 1302 sits

All 20 3-beds →

1302 last sold in June 2018 at AED 3,388 per sqft, 10% above what three-beds in The Residences 6 (E3) were fetching at the time (AED 3,085). 1302's AED 120,000 is at the bottom 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 13th floor

All 79 units in The Residences 6 (E3)
Value
13012-bedAED 2.15M · Dec 2011
13032-bedAED 2.33M · Nov 2017
13042-bedAED 2.7M · Jun 2023

1302, The Residences 6 (E3) in numbers

  • Sold 3 times: first on 5 April 2010 for AED 1,424,444, last on 24 June 2018 for AED 6,700,000 (AED 3,388 per sqft).
  • Rented since March 2013 on 3 Ejari contracts, from AED 250,000 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2018 price is 1.8%, before a service charge of about AED 45,500 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 3 October 2020.

Questions about 1302, The Residences 6 (E3)

What did unit 1302 last sell for?

AED 6,700,000 on 24 June 2018: AED 3,388 per sqft for 1,977 sqft. The unit has 3 registered sales; the first was AED 1,424,444 in April 2010.

What is the rent for unit 1302?

AED 120,000 a year on the contract signed on 3 October 2020. The previous contract, from March 2014, was AED 267,500; the unit has been rented since March 2013.

How big is unit 1302?

1,977 sqft (183.7 sqm): a three-bedroom apartment on the 13th floor of a 21-storey tower completed in 2007.

What is unit 1302 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 1302, The Residences 6 (E3)

Starts from the last sale price (AED 6.7M, 24 June 2018). Switch to today's estimate once you have unlocked it.
Price
AED 6,700,000
Deposit, UAE resident (20%)
AED 1,340,000
Deposit, non-resident (40%)
AED 2,680,000
Monthly over 25 years at 3.7%
AED 27,412

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