1201, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in September 2010, 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 1201, The Residences 1 (W3)
What is 1201 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 12th of 38
- Parking
- P-79
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,300 /yr
- Last sold
- AED 1.14M · September 2010
- Building
- The Residences 1 (W3)
About 1201, The Residences 1 (W3)
1201 is a two-bedroom apartment of 1,452 sqft on the 12th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 7 September 2010 for AED 1,144,800, or AED 788 per sqft, 22% below the AED 1,015 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 15 April 2024, is AED 175,000 a year: a gross yield of 15.3% on the 2010 price, before the service charge of about AED 31,300 a year.
Sales and rents for 1201 over time
1201 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Residences 1 (W3), and where 1201 sits
All 67 2-beds →1201 last sold in September 2010 at AED 788 per sqft, 22% below what two-beds in The Residences 1 (W3) were fetching at the time (AED 1,015). Over the last 12 months two-beds sold for AED 3,800,000 to 5,200,000, around AED 2,651 per sqft, and rent for AED 172,937 to 280,000 a year. 1201's AED 175,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Feb 20269 February 2026 | 1,629 sqft | 5,200,000 | 3,192 | ||
| 4 Feb 20264 February 2026 | 1,452 sqft | 3,850,000 | 2,651 | ||
| 30 Jan 202630 January 2026 | 1,452 sqft | 3,800,000 | 2,616 | ||
| 3 Jun 20253 June 2025 | 1,629 sqft | 3,765,037 | 2,311 |
The Residences 1 (W3)
Building185 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%
Other units on the 12th floor
All 185 units in The Residences 1 (W3)1201, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 7 September 2010 for AED 1,144,800, or AED 788 per sqft.
- Rented since June 2013 on 7 Ejari contracts. The rent fell from AED 135,000 to AED 90,000 in 2021 and recovered to AED 175,000 by April 2024.
- At AED 175,000 a year the gross yield on the 2010 price is 15.3%, before a service charge of about AED 31,300 a year (AED 21.55 per sqft).
- Two-beds in The Residences 1 (W3) sold for AED 3,800,000–5,200,000 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 15 April 2024.
Questions about 1201, The Residences 1 (W3)
What did unit 1201 last sell for?
AED 1,144,800 on 7 September 2010, sold by the developer: AED 788 per sqft for 1,452 sqft. It is the only registered sale of the unit.
What is the rent for unit 1201?
AED 175,000 a year on the contract renewed on 15 April 2024. The previous contract, from April 2023, was AED 175,000; the unit has been rented since June 2013.
How big is unit 1201?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 12th floor of a 38-storey tower completed in 2007.
What is unit 1201 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences 1 (W3) sold for AED 3,800,000 to 5,200,000 in the last 12 months, around AED 2,651 per sqft.
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Mortgage on 1201, The Residences 1 (W3)
Starts from the last sale price (AED 1.14M, 7 September 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,144,800
- Deposit, UAE resident (20%)
- AED 228,960
- Deposit, non-resident (40%)
- AED 457,920
- Monthly over 25 years at 3.7%
- AED 4,684
Plus AED 53,092 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →