703, The Residences 5 (E2)
Sold prices and rental history: sold twice, last in January 2017, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, The Residences 5 (E2)
What is 703 worth today?
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Source: Dubai Land Department. Updated 1 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,092 sqft
- Floor
- 7th of 33
- Parking
- P-257
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 25,100 /yr
- Last sold
- AED 2.1M · January 2017
- Building
- The Residences 5 (E2)
About 703, The Residences 5 (E2)
703 is a one-bedroom apartment of 1,092 sqft on the 7th floor of The Residences 5 (E2), a 33-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 12 January 2017 for AED 2,100,000, or AED 1,923 per sqft, in line with the AED 1,923 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 8 Ejari contracts. The current contract, signed on 1 September 2024, is AED 125,000 a year: a gross yield of 5.9% on the 2017 price, before the service charge of about AED 25,100 a year.
Sales and rents for 703 over time
703 has sold twice; 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 703 sits
All 53 1-beds →703 last sold in January 2017 at AED 1,923 per sqft, in line with what one-beds in The Residences 5 (E2) were fetching at the time (AED 1,923). 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 7th floor
All 154 units in The Residences 5 (E2)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 3-bed | 1,838 sqft | AED 4MAED 4,000,000 · Dec 2020December 2020 | 290,000 /yr | |
| 702 | 2-bed | 1,431 sqft | AED 3.5MAED 3,500,000 · Jan 2024January 2024 | 195,000 /yr | |
| 704 | 1-bed | 906 sqft | AED 1.41MAED 1,410,000 · Nov 2012November 2012 | 115,000 /yr | |
| 705 | 2-bed | 1,365 sqft | AED 2.85MAED 2,850,000 · Oct 2023October 2023 | 105,000 /yr |
703, The Residences 5 (E2) in numbers
- Sold twice: first on 26 October 2009 for AED 817,800, last on 12 January 2017 for AED 2,100,000 (AED 1,923 per sqft).
- Rented since January 2015 on 8 Ejari contracts, from AED 120,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2017 price is 5.9%, 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 1 September 2024.
Questions about 703, The Residences 5 (E2)
What did unit 703 last sell for?
AED 2,100,000 on 12 January 2017: AED 1,923 per sqft for 1,092 sqft. The unit has 2 registered sales; the first was AED 817,800 in October 2009.
What is the rent for unit 703?
AED 125,000 a year on the contract signed on 1 September 2024. The previous contract, from July 2023, was AED 110,000; the unit has been rented since January 2015.
How big is unit 703?
1,092 sqft (101.5 sqm): a one-bedroom apartment on the 7th floor of a 33-storey tower completed in 2007.
What is unit 703 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 703, The Residences 5 (E2)
Starts from the last sale price (AED 2.1M, 12 January 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,100,000
- Deposit, UAE resident (20%)
- AED 420,000
- Deposit, non-resident (40%)
- AED 840,000
- Monthly over 25 years at 3.7%
- AED 8,592
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →