3-bed · 2,379 sqftThe Residences 4 (E1), Downtown Dubai · 15th floor · completed 2007

1502, The Residences 4 (E1)

Sold prices and rental history: sold 4 times, last in March 2015, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1502 · DLD and Ejari recordsUpdated 2 March 2015
Last soldAED 8.2M2 March 2015
Current rentAED 300K /yr6 May 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1502, The Residences 4 (E1)

What is 1502 worth today?

Last sold for AED 8,200,000 in 2015

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2 Mar 2015SoldReady
AED 8,200,000AED 3,446 per sqft
6 May 2014RentedRenewal
AED 300,000/yr12 months · AED 126 per sqft
3 Jun 2013SoldReady
AED 8,000,000AED 3,362 per sqft
6 May 2013RentedNew contract
AED 295,000/yr12 months · AED 124 per sqft
25 Mar 2010Sold by developerReady
AED 3,800,000AED 1,597 per sqft
25 Mar 2010SoldReady
AED 3,800,000AED 1,597 per sqft

Source: Dubai Land Department. Updated 2 March 2015.

Key facts

Type
3-bed apartment
Size
2,379 sqft
Floor
15th of 28
Parking
P-167, P-168
Developer
Emaar
Completed
2007
Service charge
AED 54,700 /yr
Last sold
AED 8.2M · March 2015

About 1502, The Residences 4 (E1)

1502 is a three-bedroom apartment of 2,379 sqft on the 15th floor of The Residences 4 (E1), a 28-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 2 March 2015 for AED 8,200,000, or AED 3,446 per sqft, in line with the AED 3,534 three-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, renewed on 6 May 2014, is AED 300,000 a year: a gross yield of 3.7% on the 2015 price, before the service charge of about AED 54,700 a year.

Sales and rents for 1502 over time

Sales
Unit 1502, each saleTypical three-bed in The Residences 4 (E1)
5M2008201320182023Typical sale price by year: 2008 AED 2,487,800; 2009 AED 2,877,344; 2010 AED 2,794,800; 2011 AED 4,400,000; 2012 AED 4,700,000; 2013 AED 8,000,000; 2014 AED 8,625,000; 2015 AED 8,500,000; 2016 AED 7,000,000; 2018 AED 6,800,000; 2023 AED 7,225,000; 2024 AED 7,500,000Sold by developer, March 2010: AED 3,800,000 (AED 1,597 per sqft)Sold, March 2010: AED 3,800,000 (AED 1,597 per sqft)Sold, June 2013: AED 8,000,000 (AED 3,362 per sqft)Sold, March 2015: AED 8,200,000 (AED 3,446 per sqft)

1502 has sold 4 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1502, each contractTypical three-bed in The Residences 4 (E1)
200K300K2012201620202024Typical rent by year: 2012 AED 228,400; 2013 AED 232,500; 2014 AED 260,149; 2015 AED 287,500; 2016 AED 285,000; 2017 AED 280,000; 2018 AED 257,500; 2019 AED 244,332; 2020 AED 200,000; 2021 AED 202,500; 2022 AED 245,000; 2023 AED 287,500; 2024 AED 315,000; 2025 AED 300,000New contract, May 2013: AED 295,000 a yearRenewal, May 2014: AED 300,000 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 4 (E1), and where 1502 sits

All 48 3-beds →

1502 last sold in March 2015 at AED 3,446 per sqft, in line with what three-beds in The Residences 4 (E1) were fetching at the time (AED 3,534). Over the last 12 months three-beds sold for AED 7,650,000, around AED 3,215 per sqft, and rent for AED 300,000 to 350,000 a year. 1502's AED 300,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
19 Jan 20267,650,000
10 Mar 20257,300,000
18 Feb 20257,500,000
30 Dec 20248,000,000
1 3-bed sale in the last 12 months

The Residences 4 (E1)

Building

54 apartments, studios to 4-bed over 28 floors in Downtown Dubai, completed in 2007 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 3,215
Typical sale
AED 7.65M
Typical rent
AED 300K /yr
Typical yield
3.8%
The Residences 4 (E1), Downtown Dubai: prices, sales and rents →

Other units on the 15th floor

All 54 units in The Residences 4 (E1)
Value
15013-bedAED 4.8M · Mar 2011

1502, The Residences 4 (E1) in numbers

  • Sold 4 times: first on 25 March 2010 for AED 3,800,000, last on 2 March 2015 for AED 8,200,000 (AED 3,446 per sqft).
  • Rented since May 2013 on 2 Ejari contracts, from AED 295,000 to AED 300,000 a year.
  • At AED 300,000 a year the gross yield on the 2015 price is 3.7%, before a service charge of about AED 54,700 a year (AED 23.00 per sqft).
  • Three-beds in The Residences 4 (E1) sold for AED 7,650,000–7,650,000 in the 12 months to November 2026; the building's median across all types is AED 3,215 per sqft.

Source: Dubai Land Department. Updated 2 March 2015.

Questions about 1502, The Residences 4 (E1)

What did unit 1502 last sell for?

AED 8,200,000 on 2 March 2015: AED 3,446 per sqft for 2,379 sqft. The unit has 4 registered sales; the first was AED 3,800,000 in March 2010.

What is the rent for unit 1502?

AED 300,000 a year on the contract renewed on 6 May 2014. The previous contract, from May 2013, was AED 295,000.

How big is unit 1502?

2,379 sqft (221.0 sqm): a three-bedroom apartment on the 15th floor of a 28-storey tower completed in 2007.

What is unit 1502 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences 4 (E1) sold for AED 7,650,000 to 7,650,000 in the last 12 months, around AED 3,215 per sqft.

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Mortgage on 1502, The Residences 4 (E1)

Starts from the last sale price (AED 8.2M, 2 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 8,200,000
Deposit, UAE resident (20%)
AED 1,640,000
Deposit, non-resident (40%)
AED 3,280,000
Monthly over 25 years at 3.7%
AED 33,549

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