1401, The Residences 1 (W3)
Sold prices and rental history: sold twice, last in April 2014, 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 1401, The Residences 1 (W3)
What is 1401 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 12 July 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 14th of 38
- Parking
- P-208
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,300 /yr
- Last sold
- AED 3.2M · April 2014
- Building
- The Residences 1 (W3)
About 1401, The Residences 1 (W3)
1401 is a two-bedroom apartment of 1,452 sqft on the 14th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 1 April 2014 for AED 3,200,000, or AED 2,203 per sqft, 23% below the AED 2,858 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 12 July 2023, is AED 185,000 a year: a gross yield of 5.8% on the 2014 price, before the service charge of about AED 31,300 a year.
Sales and rents for 1401 over time
1401 has sold twice; 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 1401 sits
All 67 2-beds →1401 last sold in April 2014 at AED 2,203 per sqft, 23% below what two-beds in The Residences 1 (W3) were fetching at the time (AED 2,858). 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. 1401's AED 185,000 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 14th floor
All 185 units in The Residences 1 (W3)1401, The Residences 1 (W3) in numbers
- Sold twice: first on 6 September 2010 for AED 1,156,800, last on 1 April 2014 for AED 3,200,000 (AED 2,203 per sqft).
- Rented since May 2013 on 8 Ejari contracts. The rent fell from AED 120,000 to AED 100,000 in 2021 and recovered to AED 185,000 by July 2023.
- At AED 185,000 a year the gross yield on the 2014 price is 5.8%, 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 12 July 2023.
Questions about 1401, The Residences 1 (W3)
What did unit 1401 last sell for?
AED 3,200,000 on 1 April 2014: AED 2,203 per sqft for 1,452 sqft. The unit has 2 registered sales; the first was AED 1,156,800 in September 2010.
What is the rent for unit 1401?
AED 185,000 a year on the contract renewed on 12 July 2023. The previous contract, from July 2022, was AED 170,000; the unit has been rented since May 2013.
How big is unit 1401?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 14th floor of a 38-storey tower completed in 2007.
What is unit 1401 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 1401, The Residences 1 (W3)
Starts from the last sale price (AED 3.2M, 1 April 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 3,200,000
- Deposit, UAE resident (20%)
- AED 640,000
- Deposit, non-resident (40%)
- AED 1,280,000
- Monthly over 25 years at 3.7%
- AED 13,092
Plus AED 139,410 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →