We consider a 5-dimensional Ricci flat bouncing cosmological model in which the 4-dimensional induced matter contains two components at late times - the cold dark matter ( CDM ) +baryons and dark energy . We find that the arbitrary function f ( z ) contained in the solution plays a similar role as the potential V ( \phi ) in quintessence and phantom dark energy models . To resolve the coincidence problem , it is generally believed that there is a scaling stage in the evolution of the universe . We analyze the condition for this stage and show that a hyperbolic form of the function f ( z ) can work well in this property . We find that during the scaling stage ( before z \approx 2 ) , the dark energy behaves like ( but not identical to ) a cold dark matter with an adiabatic sound speed c _ { s } ^ { 2 } \approx 0 and p _ { x } \approx 0 . After z \approx 2 , the pressure of dark energy becomes negative . The transition from deceleration to acceleration happens at z _ { T } \approx 0.8 which , as well as other predictions of the 5 D model , agree with current observations .