2402, The Residences 5 (E2)
Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2402, The Residences 5 (E2)
What is 2402 worth today?
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Source: Dubai Land Department. Updated 14 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,431 sqft
- Floor
- 24th of 33
- Parking
- P-19
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 32,900 /yr
- Last sold
- AED 1.44M · August 2010
- Building
- The Residences 5 (E2)
About 2402, The Residences 5 (E2)
2402 is a two-bedroom apartment of 1,431 sqft on the 24th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 22 August 2010 for AED 1,442,800, or AED 1,008 per sqft, 4% above the AED 967 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 14 October 2024, is AED 220,000 a year: a gross yield of 15.3% on the 2010 price, before the service charge of about AED 32,900 a year.
Sales and rents for 2402 over time
2402 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Residences 5 (E2), and where 2402 sits
All 61 2-beds →2402 last sold in August 2010 at AED 1,008 per sqft, 4% above what two-beds in The Residences 5 (E2) were fetching at the time (AED 967). 2402's AED 220,000 is at the top of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 May 20257 May 2025 | 1,755 sqft | 4,700,000 | 2,678 | ||
| 6 Feb 20256 February 2025 | 1,431 sqft | 4,000,000 | 2,795 | ||
| 30 Oct 202430 October 2024 | 1,431 sqft | 4,550,000 | 3,179 | ||
| 1 Oct 20241 October 2024 | 1,755 sqft | 3,760,478 | 2,142 |
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 24th floor
All 154 units in The Residences 5 (E2)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 3-bed | 1,838 sqft | AED 4.14MAED 4,138,888 · Apr 2010April 2010 | ||
| 2403 | 1-bed | 1,092 sqft | AED 936KAED 935,800 · Aug 2013August 2013 | 125,000 /yr | |
| 2404 | 1-bed | 906 sqft | AED 1.85MAED 1,850,000 · Dec 2016December 2016 | 105,000 /yr | |
| 2405 | 2-bed | 1,365 sqft | AED 1.81MAED 1,813,758 · Oct 2012October 2012 | 200,000 /yr |
2402, The Residences 5 (E2) in numbers
- Sold once: by Emaar on 22 August 2010 for AED 1,442,800, or AED 1,008 per sqft.
- Rented since November 2013 on 10 Ejari contracts. The rent fell from AED 184,000 to AED 110,000 in 2021 and recovered to AED 220,000 by October 2024.
- At AED 220,000 a year the gross yield on the 2010 price is 15.3%, before a service charge of about AED 32,900 a year (AED 23.00 per sqft).
Source: Dubai Land Department. Updated 14 October 2024.
Questions about 2402, The Residences 5 (E2)
What did unit 2402 last sell for?
AED 1,442,800 on 22 August 2010, sold by the developer: AED 1,008 per sqft for 1,431 sqft. It is the only registered sale of the unit.
What is the rent for unit 2402?
AED 220,000 a year on the contract renewed on 14 October 2024. The previous contract, from October 2023, was AED 220,000; the unit has been rented since November 2013.
How big is unit 2402?
1,431 sqft (132.9 sqm): a two-bedroom apartment on the 24th floor of a 33-storey tower completed in 2007.
What is unit 2402 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 2402, The Residences 5 (E2)
Starts from the last sale price (AED 1.44M, 22 August 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,442,800
- Deposit, UAE resident (20%)
- AED 288,560
- Deposit, non-resident (40%)
- AED 577,120
- Monthly over 25 years at 3.7%
- AED 5,903
Plus AED 65,608 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →