2303, The Residences 5 (E2)
Sold prices and rental history: sold once, by the developer in March 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2303, The Residences 5 (E2)
What is 2303 worth today?
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Source: Dubai Land Department. Updated 5 June 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,092 sqft
- Floor
- 23rd of 33
- Parking
- P-16
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 25,100 /yr
- Last sold
- AED 931K · March 2009
- Building
- The Residences 5 (E2)
About 2303, The Residences 5 (E2)
2303 is a one-bedroom apartment of 1,092 sqft on the 23rd floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 22 March 2009 for AED 930,800, or AED 852 per sqft, 3% above the AED 827 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 5 June 2024, is AED 95,000 a year: a gross yield of 10.2% on the 2009 price, before the service charge of about AED 25,100 a year.
Sales and rents for 2303 over time
2303 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Residences 5 (E2), and where 2303 sits
All 53 1-beds →2303 last sold in March 2009 at AED 852 per sqft, 3% above what one-beds in The Residences 5 (E2) were fetching at the time (AED 827). Over the last 12 months one-beds sold for AED 2,275,000 to 2,375,000, around AED 2,129 per sqft, and rent for AED 135,000 to 135,000 a year.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 13 Jan 202613 January 2026 | 1,092 sqft | 2,375,000 | 2,174 | ||
| 20 Mar 202520 March 2025 | 1,092 sqft | 2,950,000 | 2,701 | ||
| 27 Jan 202527 January 2025 | 1,092 sqft | 1,636,000 | 1,498 | ||
| 31 Oct 202431 October 2024 | 1,092 sqft | 2,750,000 | 2,518 |
The Residences 5 (E2)
Building154 apartments, 1-bed to 4-bed over 33 floors in Downtown Dubai, completed in 2007 by Emaar. 2 sold in the last 12 months.
- Typical price per sqft
- AED 2,129
- Typical sale
- AED 2.33M
- Typical rent
- AED 193K /yr
- Typical yield
- 6.5%
Other units on the 23rd floor
All 154 units in The Residences 5 (E2)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 3-bed | 1,838 sqft | AED 3.95MAED 3,950,000 · Jan 2021January 2021 | 280,000 /yr | |
| 2302 | 2-bed | 1,431 sqft | AED 4.85MAED 4,850,000 · May 2017May 2017 | 170,000 /yr | |
| 2304 | 1-bed | 906 sqft | AED 850KAED 850,000 · Jul 2019July 2019 | 115,000 /yr | |
| 2305 | 2-bed | 1,365 sqft | AED 2.8MAED 2,800,000 · May 2022May 2022 | 150,000 /yr |
2303, The Residences 5 (E2) in numbers
- Sold once: by Emaar on 22 March 2009 for AED 930,800, or AED 852 per sqft.
- Rented since March 2014 on 10 Ejari contracts, from AED 105,000 to AED 95,000 a year.
- At AED 95,000 a year the gross yield on the 2009 price is 10.2%, before a service charge of about AED 25,100 a year (AED 23.00 per sqft).
- One-beds in The Residences 5 (E2) sold for AED 2,275,000–2,375,000 in the 12 months to November 2026; the building's median across all types is AED 2,129 per sqft.
Source: Dubai Land Department. Updated 5 June 2024.
Questions about 2303, The Residences 5 (E2)
What did unit 2303 last sell for?
AED 930,800 on 22 March 2009, sold by the developer: AED 852 per sqft for 1,092 sqft. It is the only registered sale of the unit.
What is the rent for unit 2303?
AED 95,000 a year on the contract renewed on 5 June 2024. The previous contract, from June 2023, was AED 90,000; the unit has been rented since March 2014.
How big is unit 2303?
1,092 sqft (101.5 sqm): a one-bedroom apartment on the 23rd floor of a 33-storey tower completed in 2007.
What is unit 2303 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences 5 (E2) sold for AED 2,275,000 to 2,375,000 in the last 12 months, around AED 2,129 per sqft.
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Mortgage on 2303, The Residences 5 (E2)
Starts from the last sale price (AED 931K, 22 March 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 930,800
- Deposit, UAE resident (20%)
- AED 186,160
- Deposit, non-resident (40%)
- AED 372,320
- Monthly over 25 years at 3.7%
- AED 3,808
Plus AED 44,104 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →