505, The Residences 5 (E2)
Sold prices and rental history: sold twice, last in February 2014, 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 505, The Residences 5 (E2)
What is 505 worth today?
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Source: Dubai Land Department. Updated 25 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,365 sqft
- Floor
- 5th of 33
- Parking
- P-153
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,400 /yr
- Last sold
- AED 3.45M · February 2014
- Building
- The Residences 5 (E2)
About 505, The Residences 5 (E2)
505 is a two-bedroom apartment of 1,365 sqft on the 5th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 26 February 2014 for AED 3,450,000, or AED 2,527 per sqft, 4% below the AED 2,637 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 25 January 2025, is AED 160,000 a year: a gross yield of 4.6% on the 2014 price, before the service charge of about AED 31,400 a year.
Sales and rents for 505 over time
505 has sold twice; 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 505 sits
All 61 2-beds →505 last sold in February 2014 at AED 2,527 per sqft, 4% below what two-beds in The Residences 5 (E2) were fetching at the time (AED 2,637). 505's AED 160,000 is in the lower half 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 5th floor
All 154 units in The Residences 5 (E2)505, The Residences 5 (E2) in numbers
- Sold twice: first on 6 February 2012 for AED 1,102,800, last on 26 February 2014 for AED 3,450,000 (AED 2,527 per sqft).
- Rented since January 2014 on 8 Ejari contracts. The rent fell from AED 130,000 to AED 90,000 in 2021 and recovered to AED 160,000 by January 2025.
- At AED 160,000 a year the gross yield on the 2014 price is 4.6%, before a service charge of about AED 31,400 a year (AED 23.00 per sqft).
Source: Dubai Land Department. Updated 25 January 2025.
Questions about 505, The Residences 5 (E2)
What did unit 505 last sell for?
AED 3,450,000 on 26 February 2014: AED 2,527 per sqft for 1,365 sqft. The unit has 2 registered sales; the first was AED 1,102,800 in February 2012.
What is the rent for unit 505?
AED 160,000 a year on the contract renewed on 25 January 2025. The previous contract, from January 2024, was AED 160,000; the unit has been rented since January 2014.
How big is unit 505?
1,365 sqft (126.8 sqm): a two-bedroom apartment on the 5th floor of a 33-storey tower completed in 2007.
What is unit 505 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 505, The Residences 5 (E2)
Starts from the last sale price (AED 3.45M, 26 February 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 3,450,000
- Deposit, UAE resident (20%)
- AED 690,000
- Deposit, non-resident (40%)
- AED 1,380,000
- Monthly over 25 years at 3.7%
- AED 14,115
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →