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2-bed · 1,312 sqftThe Residences 6 (E3), Downtown Dubai · 14th floor · completed 2007

1404, The Residences 6 (E3)

Sold prices and rental history: sold 3 times, last in February 2014, and rented once, from January 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1404 · DLD and Ejari recordsUpdated 19 February 2014
Last soldAED 4.5M19 February 2014
Current rentAED 160K /yr15 January 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1404, The Residences 6 (E3)

What is 1404 worth today?

Last sold for AED 4,500,000 in 2014

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19 Feb 2014SoldReady
AED 4,500,000AED 3,429 per sqft
15 Jan 2013RentedNew contract
AED 160,000/yr12 months · AED 122 per sqft
9 Dec 2012SoldReady
AED 2,700,000AED 2,057 per sqft
27 Jun 2010Sold by developerReady
AED 1,317,800AED 1,004 per sqft

Source: Dubai Land Department. Updated 19 February 2014.

Key facts

Type
2-bed apartment
Size
1,312 sqft
Floor
14th of 21
Parking
G-873
Developer
Emaar
Completed
2007
Service charge
AED 30,200 /yr
Last sold
AED 4.5M · February 2014
Building
The Residences 6 (E3)

About 1404, The Residences 6 (E3)

1404 is a two-bedroom apartment of 1,312 sqft on the 14th floor of The Residences 6 (E3), a 21-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 19 February 2014 for AED 4,500,000, or AED 3,429 per sqft, 50% above the AED 2,281 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 January 2013. The current contract, signed on 15 January 2013, is AED 160,000 a year: a gross yield of 3.6% on the 2014 price, before the service charge of about AED 30,200 a year.

Sales and rents for 1404 over time

Sales
Unit 1404, each saleTypical two-bed in The Residences 6 (E3)
2M4M2008201320182023Typical sale price by year: 2008 AED 1,757,420; 2009 AED 1,805,800; 2010 AED 1,739,183; 2011 AED 2,018,900; 2012 AED 2,550,000; 2013 AED 2,800,000; 2014 AED 3,400,000; 2015 AED 3,570,000; 2016 AED 3,320,000; 2017 AED 2,850,000; 2021 AED 2,800,000; 2024 AED 3,550,000; 2025 AED 3,537,500Sold by developer, June 2010: AED 1,317,800 (AED 1,004 per sqft)Sold, December 2012: AED 2,700,000 (AED 2,057 per sqft)Sold, February 2014: AED 4,500,000 (AED 3,429 per sqft)

1404 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1404, each contractTypical two-bed in The Residences 6 (E3)
150K2012201620202024Typical rent by year: 2012 AED 130,000; 2013 AED 146,000; 2014 AED 171,000; 2015 AED 177,000; 2016 AED 174,000; 2017 AED 170,000; 2018 AED 153,000; 2019 AED 137,750; 2020 AED 125,000; 2021 AED 120,000; 2022 AED 150,000; 2023 AED 160,000; 2024 AED 165,000; 2025 AED 184,000; 2026 AED 182,500New contract, January 2013: AED 160,000 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 6 (E3), and where 1404 sits

All 57 2-beds →

1404 last sold in February 2014 at AED 3,429 per sqft, 50% above what two-beds in The Residences 6 (E3) were fetching at the time (AED 2,281). Over the last 12 months two-beds sold for AED 3,500,000 to 4,650,000, around AED 2,616 per sqft, and rent for AED 85,000 to 300,000 a year. 1404's AED 160,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
17 Mar 20264,650,000
12 Jan 20263,500,000
19 Nov 20253,600,000
10 Nov 20253,500,000
4 2-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 14th floor

All 79 units in The Residences 6 (E3)
Value
14012-bedAED 1.34M · Sep 2010
14023-bedAED 2.25M · Oct 2008
14032-bedAED 1.51M · Jun 2011

1404, The Residences 6 (E3) in numbers

  • Sold 3 times: first on 27 June 2010 for AED 1,317,800, last on 19 February 2014 for AED 4,500,000 (AED 3,429 per sqft).
  • Rented since January 2013 on one Ejari contract, at AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2014 price is 3.6%, before a service charge of about AED 30,200 a year (AED 23.00 per sqft).
  • Two-beds in The Residences 6 (E3) sold for AED 3,500,000–4,650,000 in the 12 months to November 2026; the building's median across all types is AED 2,616 per sqft.

Source: Dubai Land Department. Updated 19 February 2014.

Questions about 1404, The Residences 6 (E3)

What did unit 1404 last sell for?

AED 4,500,000 on 19 February 2014: AED 3,429 per sqft for 1,312 sqft. The unit has 3 registered sales; the first was AED 1,317,800 in June 2010.

What is the rent for unit 1404?

AED 160,000 a year on the contract signed on 15 January 2013.

How big is unit 1404?

1,312 sqft (121.9 sqm): a two-bedroom apartment on the 14th floor of a 21-storey tower completed in 2007.

What is unit 1404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences 6 (E3) sold for AED 3,500,000 to 4,650,000 in the last 12 months, around AED 2,616 per sqft.

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Mortgage on 1404, The Residences 6 (E3)

Starts from the last sale price (AED 4.5M, 19 February 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,500,000
Deposit, UAE resident (20%)
AED 900,000
Deposit, non-resident (40%)
AED 1,800,000
Monthly over 25 years at 3.7%
AED 18,411

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