704, The Residences 5 (E2)
Sold prices and rental history: sold 3 times, last in November 2012, 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 704, The Residences 5 (E2)
What is 704 worth today?
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Source: Dubai Land Department. Updated 18 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 906 sqft
- Floor
- 7th of 33
- Parking
- P-258
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 20,800 /yr
- Last sold
- AED 1.41M · November 2012
- Building
- The Residences 5 (E2)
About 704, The Residences 5 (E2)
704 is a one-bedroom apartment of 906 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 25 November 2012 for AED 1,410,000, or AED 1,556 per sqft, 23% above the AED 1,264 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 18 September 2024, is AED 115,000 a year: a gross yield of 8.2% on the 2012 price, before the service charge of about AED 20,800 a year.
Sales and rents for 704 over time
704 has sold 3 times; 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 704 sits
All 53 1-beds →704 last sold in November 2012 at AED 1,556 per sqft, 23% above what one-beds in The Residences 5 (E2) were fetching at the time (AED 1,264). 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 | |
| 703 | 1-bed | 1,092 sqft | AED 2.1MAED 2,100,000 · Jan 2017January 2017 | 125,000 /yr | |
| 705 | 2-bed | 1,365 sqft | AED 2.85MAED 2,850,000 · Oct 2023October 2023 | 105,000 /yr |
704, The Residences 5 (E2) in numbers
- Sold 3 times: first on 1 August 2012 for AED 652,800, last on 25 November 2012 for AED 1,410,000 (AED 1,556 per sqft).
- Rented since October 2013 on 4 Ejari contracts. The rent fell from AED 110,000 to AED 95,000 in 2022 and recovered to AED 115,000 by September 2024.
- At AED 115,000 a year the gross yield on the 2012 price is 8.2%, before a service charge of about AED 20,800 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 18 September 2024.
Questions about 704, The Residences 5 (E2)
What did unit 704 last sell for?
AED 1,410,000 on 25 November 2012: AED 1,556 per sqft for 906 sqft. The unit has 3 registered sales; the first was AED 652,800 in August 2012.
What is the rent for unit 704?
AED 115,000 a year on the contract signed on 18 September 2024. The previous contract, from August 2023, was AED 100,000; the unit has been rented since October 2013.
How big is unit 704?
906 sqft (84.2 sqm): a one-bedroom apartment on the 7th floor of a 33-storey tower completed in 2007.
What is unit 704 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 704, The Residences 5 (E2)
Starts from the last sale price (AED 1.41M, 25 November 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,410,000
- Deposit, UAE resident (20%)
- AED 282,000
- Deposit, non-resident (40%)
- AED 564,000
- Monthly over 25 years at 3.7%
- AED 5,769
Plus AED 64,230 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →