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

602, The Residences 6 (E3)

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

Unit 602 · DLD and Ejari recordsUpdated 4 February 2014
Last soldAED 8.4M19 December 2013
Current rentAED 260K /yr4 February 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 602, The Residences 6 (E3)

What is 602 worth today?

Last sold for AED 8,400,000 in 2013

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4 Feb 2014RentedNew contract
AED 260,000/yr12 months · AED 131 per sqft
19 Dec 2013SoldReady
AED 8,400,000AED 4,248 per sqft
19 Aug 2010Sold by developerReady
AED 5,300,000AED 2,680 per sqft

Source: Dubai Land Department. Updated 4 February 2014.

Key facts

Type
3-bed apartment
Size
1,977 sqft
Floor
6th of 21
Parking
L1-920,L1-921
Developer
Emaar
Completed
2007
Service charge
AED 45,500 /yr
Last sold
AED 8.4M · December 2013

About 602, The Residences 6 (E3)

602 is a three-bedroom apartment of 1,977 sqft on the 6th floor of The Residences 6 (E3), a 21-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 19 December 2013 for AED 8,400,000, or AED 4,248 per sqft.

One Ejari contract is registered, from 4 February 2014. The current contract, signed on 4 February 2014, is AED 260,000 a year: a gross yield of 3.1% on the 2013 price, before the service charge of about AED 45,500 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, August 2010: AED 5,300,000 (AED 2,680 per sqft)Sold, December 2013: AED 8,400,000 (AED 4,248 per sqft)

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

Rents
Unit 602, 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, February 2014: AED 260,000 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 602 sits

All 20 3-beds →

602's AED 260,000 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 6th floor

All 79 units in The Residences 6 (E3)
Value
6012-bedAED 3.4M · Mar 2014
6032-bedAED 2.9M · Mar 2019
6042-bedAED 1.05M · Nov 2009

602, The Residences 6 (E3) in numbers

  • Sold twice: first on 19 August 2010 for AED 5,300,000, last on 19 December 2013 for AED 8,400,000 (AED 4,248 per sqft).
  • Rented since February 2014 on one Ejari contract, at AED 260,000 a year.
  • At AED 260,000 a year the gross yield on the 2013 price is 3.1%, before a service charge of about AED 45,500 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 4 February 2014.

Questions about 602, The Residences 6 (E3)

What did unit 602 last sell for?

AED 8,400,000 on 19 December 2013: AED 4,248 per sqft for 1,977 sqft. The unit has 2 registered sales; the first was AED 5,300,000 in August 2010.

What is the rent for unit 602?

AED 260,000 a year on the contract signed on 4 February 2014.

How big is unit 602?

1,977 sqft (183.7 sqm): a three-bedroom apartment on the 6th floor of a 21-storey tower completed in 2007.

What is unit 602 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 602, The Residences 6 (E3)

Starts from the last sale price (AED 8.4M, 19 December 2013). Switch to today's estimate once you have unlocked it.
Price
AED 8,400,000
Deposit, UAE resident (20%)
AED 1,680,000
Deposit, non-resident (40%)
AED 3,360,000
Monthly over 25 years at 3.7%
AED 34,367

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