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3-bed · 2,082 sqftThe Residences 1 (W3), Downtown Dubai · 10th floor · completed 2007

1002, The Residences 1 (W3)

Sold prices and rental history: sold 3 times, last in September 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 13 May 2025
Last soldAED 4.1M29 September 2020
Current rentAED 300K /yr13 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1002, The Residences 1 (W3)

What is 1002 worth today?

Last sold for AED 4,100,000 in 2020

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13 May 2025RentedRenewal
AED 300,000/yr12 months · AED 144 per sqft
13 May 2024RentedRenewal
AED 300,000/yr12 months · AED 144 per sqft
28 Apr 2023RentedNew contract
AED 300,000/yr12 months · AED 144 per sqft
29 Sep 2020SoldReady
AED 4,100,000AED 1,969 per sqft
15 Nov 2019RentedNew contract
AED 155,000/yr12 months · AED 75 per sqft
30 Oct 2017RentedRenewal
AED 251,000/yr12 months · AED 121 per sqft
30 Oct 2016RentedNew contract
AED 251,000/yr12 months · AED 121 per sqft
15 Nov 2015RentedRenewal
AED 280,500/yr8 months · AED 135 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 May 2025.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
10th of 38
Parking
G-603,G-604
Developer
Emaar
Completed
2007
Service charge
AED 44,900 /yr
Last sold
AED 4.1M · September 2020
Building
The Residences 1 (W3)

About 1002, The Residences 1 (W3)

1002 is a three-bedroom apartment of 2,082 sqft on the 10th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 29 September 2020 for AED 4,100,000, or AED 1,969 per sqft.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 13 May 2025, is AED 300,000 a year: a gross yield of 7.3% on the 2020 price, before the service charge of about AED 44,900 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical three-bed in The Residences 1 (W3)
2.5M5M7.5M2008201220162020Typical sale price by year: 2008 AED 2,258,800; 2009 AED 2,104,800; 2010 AED 2,139,800; 2011 AED 2,562,888; 2013 AED 7,400,000; 2014 AED 6,825,000; 2020 AED 4,100,000; 2022 AED 3,061,980Sold by developer, May 2009: AED 3,365,385 (AED 1,616 per sqft)Sold, May 2009: AED 1,950,800 (AED 937 per sqft)Sold, September 2020: AED 4,100,000 (AED 1,969 per sqft)

1002 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1002, each contractTypical three-bed in The Residences 1 (W3)
200K300K2012201620202024Typical rent by year: 2012 AED 210,000; 2013 AED 262,500; 2014 AED 272,500; 2015 AED 289,592; 2016 AED 270,000; 2017 AED 253,750; 2018 AED 202,500; 2019 AED 175,000; 2020 AED 170,000; 2021 AED 200,000; 2022 AED 185,000; 2023 AED 280,000; 2024 AED 305,000; 2025 AED 305,000New contract, November 2013: AED 198,895 a yearNew contract, November 2014: AED 280,000 a yearRenewal, November 2015: AED 280,500 a yearNew contract, October 2016: AED 251,000 a yearRenewal, October 2017: AED 251,000 a yearNew contract, November 2019: AED 155,000 a yearNew contract, April 2023: AED 300,000 a yearRenewal, May 2024: AED 300,000 a yearRenewal, May 2025: AED 300,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in The Residences 1 (W3), and where 1002 sits

All 39 3-beds →

Over the last 12 months three-beds sold for AED 7,100,000 to 20,000,000, around AED 4,745 per sqft, and rent for AED 280,000 to 320,000 a year. 1002's AED 300,000 is in the upper half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
28 Jan 20267,100,000
14 Jan 202620,000,000
25 Mar 202549,000
13 Feb 20257,500,000
2 3-bed sales in the last 12 months

The Residences 1 (W3)

Building

185 apartments, 1-bed to 3-bed over 38 floors in Downtown Dubai, completed in 2007 by Emaar. 7 sold in the last 12 months.

Typical price per sqft
AED 2,724
Typical sale
AED 3.85M
Typical rent
AED 163K /yr
Typical yield
5.0%
The Residences 1 (W3), Downtown Dubai: prices, sales and rents →

Other units on the 10th floor

All 185 units in The Residences 1 (W3)
Value
10012-bedAED 3.85M · Feb 2026
10032-bedAED 2.8M · May 2010
10041-bedAED 2.2M · Oct 2014
10051-bedAED 611K · Sep 2010

1002, The Residences 1 (W3) in numbers

  • Sold 3 times: first on 13 May 2009 for AED 1,950,800, last on 29 September 2020 for AED 4,100,000 (AED 1,969 per sqft).
  • Rented since November 2013 on 9 Ejari contracts. The rent fell from AED 198,895 to AED 155,000 in 2019 and recovered to AED 300,000 by May 2025.
  • At AED 300,000 a year the gross yield on the 2020 price is 7.3%, before a service charge of about AED 44,900 a year (AED 21.55 per sqft).
  • Three-beds in The Residences 1 (W3) sold for AED 7,100,000–20,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,724 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 13 May 2025.

Questions about 1002, The Residences 1 (W3)

What did unit 1002 last sell for?

AED 4,100,000 on 29 September 2020: AED 1,969 per sqft for 2,082 sqft. The unit has 3 registered sales; the first was AED 1,950,800 in May 2009.

What is the rent for unit 1002?

AED 300,000 a year on the contract renewed on 13 May 2025. The previous contract, from May 2024, was AED 300,000; the unit has been rented since November 2013.

How big is unit 1002?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 10th floor of a 38-storey tower completed in 2007.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences 1 (W3) sold for AED 7,100,000 to 20,000,000 in the last 12 months, around AED 4,745 per sqft.

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Mortgage on 1002, The Residences 1 (W3)

Starts from the last sale price (AED 4.1M, 29 September 2020). Switch to today's estimate once you have unlocked it.
Price
AED 4,100,000
Deposit, UAE resident (20%)
AED 820,000
Deposit, non-resident (40%)
AED 1,640,000
Monthly over 25 years at 3.7%
AED 16,774

Plus AED 177,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →