1-bed · 1,046 sqftThe Residences 1 (W3), Downtown Dubai · 11th floor · completed 2007

1105, The Residences 1 (W3)

Sold prices and rental history: sold 3 times, last in November 2022, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1105 · DLD and Ejari recordsUpdated 10 November 2022
Last soldAED 1.52M10 November 2022
Current rentAED 84K /yr7 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1105, The Residences 1 (W3)

What is 1105 worth today?

Last sold for AED 1,520,000 in 2022

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10 Nov 2022SoldReady
AED 1,520,000AED 1,453 per sqft
20 Nov 2018SoldReady
AED 675,000AED 645 per sqft
7 Jul 2018RentedNew contract
AED 84,000/yr12 months · AED 80 per sqft
14 Feb 2017RentedNew contract
AED 125,000/yr12 months · AED 120 per sqft
5 Dec 2014RentedNew contract
AED 125,000/yr12 months · AED 120 per sqft
30 Nov 2010Sold by developerReady
AED 613,800AED 586 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 10 November 2022.

Key facts

Type
1-bed apartment
Size
1,046 sqft
Floor
11th of 38
Parking
P-78
Developer
Emaar
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 1.52M · November 2022

About 1105, The Residences 1 (W3)

1105 is a one-bedroom apartment of 1,046 sqft on the 11th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 10 November 2022 for AED 1,520,000, or AED 1,453 per sqft, 3% above the AED 1,410 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 7 July 2018, is AED 84,000 a year: a gross yield of 5.5% on the 2022 price, before the service charge of about AED 22,500 a year.

Sales and rents for 1105 over time

Sales
Unit 1105, each saleTypical one-bed in The Residences 1 (W3)
1M2M2008201320182023Typical sale price by year: 2008 AED 1,000,000; 2009 AED 1,193,070; 2010 AED 715,344; 2011 AED 828,800; 2012 AED 1,325,000; 2013 AED 1,712,500; 2014 AED 2,175,000; 2015 AED 2,047,500; 2016 AED 1,937,500; 2020 AED 1,225,000; 2021 AED 1,400,000; 2022 AED 1,502,444; 2023 AED 1,887,500; 2024 AED 2,000,000Sold by developer, November 2010: AED 613,800 (AED 586 per sqft)Sold, November 2018: AED 675,000 (AED 645 per sqft)Sold, November 2022: AED 1,520,000 (AED 1,453 per sqft)

1105 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1105, each contractTypical one-bed in The Residences 1 (W3)
75K100K125K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 100,000; 2014 AED 118,500; 2015 AED 125,000; 2016 AED 120,000; 2017 AED 117,500; 2018 AED 96,000; 2019 AED 87,500; 2020 AED 74,556; 2021 AED 76,000; 2022 AED 85,000; 2023 AED 104,706; 2024 AED 115,000; 2025 AED 125,000; 2026 AED 122,500New contract, December 2014: AED 125,000 a yearNew contract, February 2017: AED 125,000 a yearNew contract, July 2018: AED 84,000 a year

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 1 (W3), and where 1105 sits

All 71 1-beds →

1105 last sold in November 2022 at AED 1,453 per sqft, 3% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,410). Over the last 12 months one-beds sold for AED 2,300,000 to 2,850,000, around AED 2,619 per sqft, and rent for AED 112,300 to 154,000 a year. 1105's AED 84,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jan 20262,300,000
28 Jul 20252,450,000
28 Feb 20252,360,000
13 Nov 20242,200,000
2 1-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 11th floor

All 185 units in The Residences 1 (W3)
Value
11012-bedAED 1.14M · Sep 2010
11023-bedAED 9M · Jul 2014
11032-bedAED 1.53M · Sep 2010
11041-bedAED 729K · Jan 2012

1105, The Residences 1 (W3) in numbers

  • Sold 3 times: first on 30 November 2010 for AED 613,800, last on 10 November 2022 for AED 1,520,000 (AED 1,453 per sqft).
  • Rented since December 2014 on 3 Ejari contracts, from AED 125,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2022 price is 5.5%, before a service charge of about AED 22,500 a year (AED 21.55 per sqft).
  • One-beds in The Residences 1 (W3) sold for AED 2,300,000–2,850,000 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 10 November 2022.

Questions about 1105, The Residences 1 (W3)

What did unit 1105 last sell for?

AED 1,520,000 on 10 November 2022: AED 1,453 per sqft for 1,046 sqft. The unit has 3 registered sales; the first was AED 613,800 in November 2010.

What is the rent for unit 1105?

AED 84,000 a year on the contract signed on 7 July 2018. The previous contract, from February 2017, was AED 125,000; the unit has been rented since December 2014.

How big is unit 1105?

1,046 sqft (97.2 sqm): a one-bedroom apartment on the 11th floor of a 38-storey tower completed in 2007.

What is unit 1105 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 1 (W3) sold for AED 2,300,000 to 2,850,000 in the last 12 months, around AED 2,619 per sqft.

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Mortgage on 1105, The Residences 1 (W3)

Starts from the last sale price (AED 1.52M, 10 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,520,000
Deposit, UAE resident (20%)
AED 304,000
Deposit, non-resident (40%)
AED 608,000
Monthly over 25 years at 3.7%
AED 6,219

Plus AED 68,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →