1702, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1702, The Residences 1 (W3)
What is 1702 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 10 October 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,082 sqft
- Floor
- 17th of 38
- Parking
- G-630,G-631
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 44,900 /yr
- Last sold
- AED 2.05M · June 2010
- Building
- The Residences 1 (W3)
About 1702, The Residences 1 (W3)
1702 is a three-bedroom apartment of 2,082 sqft on the 17th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 24 June 2010 for AED 2,048,800, or AED 984 per sqft, in line with the AED 1,014 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 9 Ejari contracts. The current contract, renewed on 10 October 2024, is AED 340,000 a year: a gross yield of 16.6% on the 2010 price, before the service charge of about AED 44,900 a year.
Sales and rents for 1702 over time
1702 has sold once; the dashed line is the three-bed median of each year in the building.
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 1702 sits
All 39 3-beds →1702 last sold in June 2010 at AED 984 per sqft, in line with what three-beds in The Residences 1 (W3) were fetching at the time (AED 1,014). 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. 1702's AED 340,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Jan 202628 January 2026 | 2,082 sqft | 7,100,000 | 3,410 | ||
| 14 Jan 202614 January 2026 | 3,289 sqft | 20,000,000 | 6,080 | ||
| 25 Mar 202525 March 2025 | 32 sqft | 49,000 | 1,517 | ||
| 13 Feb 202513 February 2025 | 2,082 sqft | 7,500,000 | 3,602 |
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 17th floor
All 185 units in The Residences 1 (W3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 2-bed | 1,452 sqft | AED 3.35MAED 3,350,000 · May 2024May 2024 | 190,000 /yr | |
| 1703 | 2-bed | 1,629 sqft | AED 1.61MAED 1,606,800 · Sep 2010September 2010 | 220,000 /yr | |
| 1704 | 915 sqft | AED 759KAED 758,800 · Sep 2009September 2009 | 122,000 /yr | ||
| 1705 | 1-bed | 1,046 sqft | AED 1.85MAED 1,850,000 · Dec 2023December 2023 | 130,000 /yr |
1702, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 24 June 2010 for AED 2,048,800, or AED 984 per sqft.
- Rented since December 2012 on 9 Ejari contracts. The rent fell from AED 230,000 to AED 200,000 in 2018 and recovered to AED 340,000 by October 2024.
- At AED 340,000 a year the gross yield on the 2010 price is 16.6%, 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 10 October 2024.
Questions about 1702, The Residences 1 (W3)
What did unit 1702 last sell for?
AED 2,048,800 on 24 June 2010, sold by the developer: AED 984 per sqft for 2,082 sqft. It is the only registered sale of the unit.
What is the rent for unit 1702?
AED 340,000 a year on the contract renewed on 10 October 2024. The previous contract, from October 2022, was AED 300,000; the unit has been rented since December 2012.
How big is unit 1702?
2,082 sqft (193.4 sqm): a three-bedroom apartment on the 17th floor of a 38-storey tower completed in 2007.
What is unit 1702 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 1702, The Residences 1 (W3)
Starts from the last sale price (AED 2.05M, 24 June 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 2,048,800
- Deposit, UAE resident (20%)
- AED 409,760
- Deposit, non-resident (40%)
- AED 819,520
- Monthly over 25 years at 3.7%
- AED 8,382
Plus AED 91,060 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →