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2-bed · 1,431 sqftThe Residences 5 (E2), Downtown Dubai · 5th floor · completed 2007

502, The Residences 5 (E2)

Sold prices and rental history: sold once, by the developer in May 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 502 · DLD and Ejari recordsUpdated 15 January 2023
Last soldAED 586K17 May 2011
Current rentAED 154K /yr15 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 502, The Residences 5 (E2)

What is 502 worth today?

Last sold for AED 586,400 in 2011

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15 Jan 2023RentedRenewal
AED 154,000/yr12 months · AED 108 per sqft
15 Jan 2022RentedRenewal
AED 140,000/yr12 months · AED 98 per sqft
15 Jan 2020RentedRenewal
AED 130,000/yr12 months · AED 91 per sqft
15 Jan 2018RentedRenewal
AED 164,000/yr12 months · AED 115 per sqft
15 Jan 2017RentedNew contract
AED 175,000/yr12 months · AED 122 per sqft
31 Dec 2014RentedRenewal
AED 177,000/yr24 months · AED 124 per sqft
17 May 2011Sold by developerReady · flagged as an outlier
AED 586,400AED 409 per sqft

Source: Dubai Land Department. Updated 15 January 2023.

Key facts

Type
2-bed apartment
Size
1,431 sqft
Floor
5th of 33
Parking
P-143
Developer
Emaar
Completed
2007
Service charge
AED 32,900 /yr
Last sold
AED 586K · May 2011
Building
The Residences 5 (E2)

About 502, The Residences 5 (E2)

502 is a two-bedroom apartment of 1,431 sqft on the 5th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 17 May 2011 for AED 586,400, or AED 409 per sqft, 59% below the AED 1,008 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 15 January 2023, is AED 154,000 a year: a gross yield of 26.3% on the 2011 price, before the service charge of about AED 32,900 a year.

Sales and rents for 502 over time

Sales
Unit 502, each saleTypical two-bed in The Residences 5 (E2)
2M4M2008201320182023Typical sale price by year: 2008 AED 1,372,800; 2009 AED 1,210,800; 2010 AED 1,446,300; 2011 AED 1,814,444; 2012 AED 2,100,000; 2013 AED 3,400,000; 2014 AED 5,118,000; 2016 AED 3,300,000; 2017 AED 2,975,000; 2020 AED 2,500,000; 2021 AED 2,900,000; 2023 AED 2,875,000; 2024 AED 3,785,000

No registered sale of 502; the dashed line is the two-bed median of each year in the building.

Rents
Unit 502, each contractTypical two-bed in The Residences 5 (E2)
100K150K2012201620202024Typical rent by year: 2012 AED 140,000; 2013 AED 160,000; 2014 AED 185,000; 2015 AED 183,500; 2016 AED 175,000; 2017 AED 175,000; 2018 AED 160,000; 2019 AED 145,000; 2020 AED 120,000; 2021 AED 112,500; 2022 AED 130,000; 2023 AED 152,000; 2024 AED 172,500; 2025 AED 180,000Renewal, December 2014: AED 177,000 a yearNew contract, January 2017: AED 175,000 a yearRenewal, January 2018: AED 164,000 a yearRenewal, January 2020: AED 130,000 a yearRenewal, January 2022: AED 140,000 a yearRenewal, January 2023: AED 154,000 a year

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 502 sits

All 61 2-beds →

502 last sold in May 2011 at AED 409 per sqft, 59% below what two-beds in The Residences 5 (E2) were fetching at the time (AED 1,008). 502's AED 154,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
7 May 20254,700,000
6 Feb 20254,000,000
30 Oct 20244,550,000
1 Oct 20243,760,478
0 2-bed sales in the last 12 months

The Residences 5 (E2)

Building

154 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%
The Residences 5 (E2), Downtown Dubai: prices, sales and rents →

Other units on the 5th floor

All 154 units in The Residences 5 (E2)
Value
5013-bedAED 4.3M · Feb 2012
5031-bedAED 770K · Mar 2011
5041-bedAED 1.26M · Jun 2012
5052-bedAED 3.45M · Feb 2014

502, The Residences 5 (E2) in numbers

  • Sold once: by Emaar on 17 May 2011 for AED 586,400, or AED 409 per sqft.
  • Rented since December 2014 on 6 Ejari contracts. The rent fell from AED 177,000 to AED 130,000 in 2020 and recovered to AED 154,000 by January 2023.
  • At AED 154,000 a year the gross yield on the 2011 price is 26.3%, before a service charge of about AED 32,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 15 January 2023.

Questions about 502, The Residences 5 (E2)

What did unit 502 last sell for?

AED 586,400 on 17 May 2011, sold by the developer: AED 409 per sqft for 1,431 sqft. It is the only registered sale of the unit.

What is the rent for unit 502?

AED 154,000 a year on the contract renewed on 15 January 2023. The previous contract, from January 2022, was AED 140,000; the unit has been rented since December 2014.

How big is unit 502?

1,431 sqft (132.9 sqm): a two-bedroom apartment on the 5th floor of a 33-storey tower completed in 2007.

What is unit 502 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 502, The Residences 5 (E2)

Starts from the last sale price (AED 586K, 17 May 2011). Switch to today's estimate once you have unlocked it.
Price
AED 586,400
Deposit, UAE resident (20%)
AED 117,280
Deposit, non-resident (40%)
AED 234,560
Monthly over 25 years at 3.7%
AED 2,399

Plus AED 29,639 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →