3-bed · 2,599 sqftThe Residences 4 (E1), Downtown Dubai · 4th floor · completed 2007

401, The Residences 4 (E1)

Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 15 March 2023
Last soldAED 2.54M20 June 2010
Current rentAED 240K /yr15 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, The Residences 4 (E1)

What is 401 worth today?

Last sold for AED 2,536,800 in 2010

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15 Mar 2023RentedRenewal
AED 240,000/yr12 months · AED 92 per sqft
15 Mar 2022RentedNew contract
AED 240,000/yr12 months · AED 92 per sqft
15 Mar 2021RentedRenewal
AED 240,000/yr12 months · AED 93 per sqft
15 Mar 2020RentedRenewal
AED 240,000/yr12 months · AED 93 per sqft
15 Mar 2019RentedNew contract
AED 240,000/yr12 months · AED 93 per sqft
7 Apr 2016RentedRenewal
AED 285,000/yr12 months · AED 110 per sqft
7 Apr 2015RentedNew contract
AED 285,000/yr12 months · AED 110 per sqft
7 Apr 2014RentedNew contract
AED 285,000/yr12 months · AED 110 per sqft

Source: Dubai Land Department. Updated 15 March 2023.

Key facts

Type
3-bed apartment
Size
2,599 sqft
Floor
4th of 28
Parking
L1-964, L1-965
Developer
Emaar
Completed
2007
Service charge
AED 59,800 /yr
Last sold
AED 2.54M · June 2010

About 401, The Residences 4 (E1)

401 is a three-bedroom apartment of 2,599 sqft on the 4th floor of The Residences 4 (E1), a 28-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 20 June 2010 for AED 2,536,800, or AED 976 per sqft, in line with the AED 1,000 three-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 15 March 2023, is AED 240,000 a year: a gross yield of 9.5% on the 2010 price, before the service charge of about AED 59,800 a year.

Sales and rents for 401 over time

Sales
Unit 401, 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, June 2010: AED 2,536,800 (AED 976 per sqft)

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

Rents
Unit 401, 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, April 2013: AED 285,000 a yearNew contract, April 2014: AED 285,000 a yearNew contract, April 2015: AED 285,000 a yearRenewal, April 2016: AED 285,000 a yearNew contract, March 2019: AED 240,000 a yearRenewal, March 2020: AED 240,000 a yearRenewal, March 2021: AED 240,000 a yearNew contract, March 2022: AED 240,000 a yearRenewal, March 2023: AED 240,000 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 401 sits

All 48 3-beds →

401 last sold in June 2010 at AED 976 per sqft, in line with what three-beds in The Residences 4 (E1) were fetching at the time (AED 1,000). 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. 401's AED 240,000 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 4th floor

All 54 units in The Residences 4 (E1)
Value
4023-bedAED 8.5M · May 2014

401, The Residences 4 (E1) in numbers

  • Sold once: by Emaar on 20 June 2010 for AED 2,536,800, or AED 976 per sqft.
  • Rented since April 2013 on 9 Ejari contracts, from AED 285,000 to AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2010 price is 9.5%, before a service charge of about AED 59,800 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 15 March 2023.

Questions about 401, The Residences 4 (E1)

What did unit 401 last sell for?

AED 2,536,800 on 20 June 2010, sold by the developer: AED 976 per sqft for 2,599 sqft. It is the only registered sale of the unit.

What is the rent for unit 401?

AED 240,000 a year on the contract renewed on 15 March 2023. The previous contract, from March 2022, was AED 240,000; the unit has been rented since April 2013.

How big is unit 401?

2,599 sqft (241.5 sqm): a three-bedroom apartment on the 4th floor of a 28-storey tower completed in 2007.

What is unit 401 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 401, The Residences 4 (E1)

Starts from the last sale price (AED 2.54M, 20 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 2,536,800
Deposit, UAE resident (20%)
AED 507,360
Deposit, non-resident (40%)
AED 1,014,720
Monthly over 25 years at 3.7%
AED 10,379

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