1704, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in September 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1704, The Residences 1 (W3)
What is 1704 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 18 April 2023.
Key facts
- Type
- Apartment
- Size
- 915 sqft
- Floor
- 17th of 38
- Parking
- P-222
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 19,700 /yr
- Last sold
- AED 759K · September 2009
- Building
- The Residences 1 (W3)
About 1704, The Residences 1 (W3)
1704 is an apartment of 915 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 8 September 2009 for AED 758,800, or AED 829 per sqft.
It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 18 April 2023, is AED 122,000 a year: a gross yield of 16.1% on the 2009 price, before the service charge of about AED 19,700 a year.
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 | |
| 1702 | 3-bed | 2,082 sqft | AED 2.05MAED 2,048,800 · Jun 2010June 2010 | 340,000 /yr | |
| 1703 | 2-bed | 1,629 sqft | AED 1.61MAED 1,606,800 · Sep 2010September 2010 | 220,000 /yr | |
| 1705 | 1-bed | 1,046 sqft | AED 1.85MAED 1,850,000 · Dec 2023December 2023 | 130,000 /yr |
1704, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 8 September 2009 for AED 758,800, or AED 829 per sqft.
- Rented since November 2014 on 9 Ejari contracts. The rent fell from AED 118,000 to AED 69,812 in 2020 and recovered to AED 122,000 by April 2023.
- At AED 122,000 a year the gross yield on the 2009 price is 16.1%, before a service charge of about AED 19,700 a year (AED 21.55 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 18 April 2023.
Questions about 1704, The Residences 1 (W3)
What did unit 1704 last sell for?
AED 758,800 on 8 September 2009, sold by the developer: AED 829 per sqft for 915 sqft. It is the only registered sale of the unit.
What is the rent for unit 1704?
AED 122,000 a year on the contract signed on 18 April 2023. The previous contract, from February 2023, was AED 100,000; the unit has been rented since November 2014.
How big is unit 1704?
915 sqft (85.0 sqm): an apartment on the 17th floor of a 38-storey tower completed in 2007.
What is unit 1704 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1704, The Residences 1 (W3)
Starts from the last sale price (AED 759K, 8 September 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 758,800
- Deposit, UAE resident (20%)
- AED 151,760
- Deposit, non-resident (40%)
- AED 303,520
- Monthly over 25 years at 3.7%
- AED 3,104
Plus AED 36,880 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →