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3-bed · 2,599 sqftThe Residences 4 (E1), Downtown Dubai · 7th floor · completed 2007

701, The Residences 4 (E1)

Sold prices and rental history: sold 5 times, last in September 2020, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 701 · DLD and Ejari recordsUpdated 10 September 2020
Last soldAED 5.14M10 September 2020
Current rentAED 242K /yr11 May 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 701, The Residences 4 (E1)

What is 701 worth today?

Last sold for AED 5,141,000 in 2020

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10 Sep 2020SoldReady
AED 5,141,000AED 1,978 per sqft
11 May 2016RentedNew contract
AED 242,199/yr10 months · AED 93 per sqft
8 Jul 2015SoldReady
AED 6,500,000AED 2,500 per sqft
11 May 2015RentedRenewal
AED 241,500/yr12 months · AED 93 per sqft
11 May 2014RentedRenewal
AED 241,500/yr12 months · AED 93 per sqft
11 May 2013RentedRenewal
AED 230,000/yr12 months · AED 88 per sqft
11 May 2012RentedNew contract
AED 230,000/yr12 months · AED 88 per sqft
4 Apr 2012SoldReady
AED 5,500,000AED 2,116 per sqft

Source: Dubai Land Department. Updated 10 September 2020.

Key facts

Type
3-bed apartment
Size
2,599 sqft
Floor
7th of 28
Parking
L1-940, L1-941
Developer
Emaar
Completed
2007
Service charge
AED 59,800 /yr
Last sold
AED 5.14M · September 2020
Building
The Residences 4 (E1)

About 701, The Residences 4 (E1)

701 is a three-bedroom apartment of 2,599 sqft on the 7th floor of The Residences 4 (E1), a 28-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 10 September 2020 for AED 5,141,000, or AED 1,978 per sqft.

It has been rented continuously since 2012 on 5 Ejari contracts. The current contract, signed on 11 May 2016, is AED 242,199 a year: a gross yield of 4.7% on the 2020 price, before the service charge of about AED 59,800 a year.

Sales and rents for 701 over time

Sales
Unit 701, each saleTypical three-bed in The Residences 4 (E1)
05M2008201320182023Typical 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, May 2008: AED 1,235,900 (AED 475 per sqft)Sold, January 2009: AED 3,850,000 (AED 1,481 per sqft)Sold, April 2012: AED 5,500,000 (AED 2,116 per sqft)Sold, July 2015: AED 6,500,000 (AED 2,500 per sqft)Sold, September 2020: AED 5,141,000 (AED 1,978 per sqft)

701 has sold 5 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 701, 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 2012: AED 230,000 a yearRenewal, May 2013: AED 230,000 a yearRenewal, May 2014: AED 241,500 a yearRenewal, May 2015: AED 241,500 a yearNew contract, May 2016: AED 242,199 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 701 sits

All 48 3-beds →

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. 701's AED 242,199 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 7th floor

All 54 units in The Residences 4 (E1)
Value
7023-bedAED 8M · Dec 2013

701, The Residences 4 (E1) in numbers

  • Sold 5 times: first on 5 May 2008 for AED 1,235,900, last on 10 September 2020 for AED 5,141,000 (AED 1,978 per sqft).
  • Rented since May 2012 on 5 Ejari contracts, from AED 230,000 to AED 242,199 a year.
  • At AED 242,199 a year the gross yield on the 2020 price is 4.7%, 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 10 September 2020.

Questions about 701, The Residences 4 (E1)

What did unit 701 last sell for?

AED 5,141,000 on 10 September 2020: AED 1,978 per sqft for 2,599 sqft. The unit has 5 registered sales; the first was AED 1,235,900 in May 2008.

What is the rent for unit 701?

AED 242,199 a year on the contract signed on 11 May 2016. The previous contract, from May 2015, was AED 241,500; the unit has been rented since May 2012.

How big is unit 701?

2,599 sqft (241.5 sqm): a three-bedroom apartment on the 7th floor of a 28-storey tower completed in 2007.

What is unit 701 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 701, The Residences 4 (E1)

Starts from the last sale price (AED 5.14M, 10 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 5,141,000
Deposit, UAE resident (20%)
AED 1,028,200
Deposit, non-resident (40%)
AED 2,056,400
Monthly over 25 years at 3.7%
AED 21,033

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