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3-bed · 2,082 sqftThe Residences 1 (W3), Downtown Dubai · 18th floor · completed 2007

1802, The Residences 1 (W3)

Sold prices and rental history: sold 3 times, last in December 2016, and rented once, from September 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1802 · DLD and Ejari recordsUpdated 13 December 2016
Last soldAED 7M13 December 2016
Current rentAED 195K /yr15 September 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1802, The Residences 1 (W3)

What is 1802 worth today?

Last sold for AED 7,000,000 in 2016

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13 Dec 2016SoldReady
AED 7,000,000AED 3,362 per sqft
12 Mar 2015SoldReady
AED 7,900,000AED 3,794 per sqft
15 Sep 2013RentedNew contract
AED 195,000/yr12 months · AED 94 per sqft
14 Oct 2008Sold by developerReady
AED 2,062,800AED 990 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 December 2016.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
18th of 38
Parking
G-599,G-600
Developer
Emaar
Completed
2007
Service charge
AED 44,900 /yr
Last sold
AED 7M · December 2016
Building
The Residences 1 (W3)

About 1802, The Residences 1 (W3)

1802 is a three-bedroom apartment of 2,082 sqft on the 18th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 13 December 2016 for AED 7,000,000, or AED 3,362 per sqft.

One Ejari contract is registered, from 15 September 2013. The current contract, signed on 15 September 2013, is AED 195,000 a year: a gross yield of 2.8% on the 2016 price, before the service charge of about AED 44,900 a year.

Sales and rents for 1802 over time

Sales
Unit 1802, each saleTypical three-bed in The Residences 1 (W3)
5M2008201220162020Typical sale price by year: 2008 AED 2,258,800; 2009 AED 2,104,800; 2010 AED 2,139,800; 2011 AED 2,562,888; 2013 AED 7,400,000; 2014 AED 6,825,000; 2020 AED 4,100,000; 2022 AED 3,061,980Sold by developer, October 2008: AED 2,062,800 (AED 990 per sqft)Sold, March 2015: AED 7,900,000 (AED 3,794 per sqft)Sold, December 2016: AED 7,000,000 (AED 3,362 per sqft)

1802 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1802, each contractTypical three-bed in The Residences 1 (W3)
200K300K2012201620202024Typical rent by year: 2012 AED 210,000; 2013 AED 262,500; 2014 AED 272,500; 2015 AED 289,592; 2016 AED 270,000; 2017 AED 253,750; 2018 AED 202,500; 2019 AED 175,000; 2020 AED 170,000; 2021 AED 200,000; 2022 AED 185,000; 2023 AED 280,000; 2024 AED 305,000; 2025 AED 305,000New contract, September 2013: AED 195,000 a year

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 1802 sits

All 39 3-beds →

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. 1802's AED 195,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
28 Jan 20267,100,000
14 Jan 202620,000,000
25 Mar 202549,000
13 Feb 20257,500,000
2 3-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 18th floor

All 185 units in The Residences 1 (W3)
Value
18012-bedAED 3.65M · Apr 2025
18032-bedAED 2.9M · Apr 2010
18041-bedAED 1.33M · Jan 2012
18051-bedAED 2.5M · Nov 2009

1802, The Residences 1 (W3) in numbers

  • Sold 3 times: first on 14 October 2008 for AED 2,062,800, last on 13 December 2016 for AED 7,000,000 (AED 3,362 per sqft).
  • Rented since September 2013 on one Ejari contract, at AED 195,000 a year.
  • At AED 195,000 a year the gross yield on the 2016 price is 2.8%, 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 13 December 2016.

Questions about 1802, The Residences 1 (W3)

What did unit 1802 last sell for?

AED 7,000,000 on 13 December 2016: AED 3,362 per sqft for 2,082 sqft. The unit has 3 registered sales; the first was AED 2,062,800 in October 2008.

What is the rent for unit 1802?

AED 195,000 a year on the contract signed on 15 September 2013.

How big is unit 1802?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 18th floor of a 38-storey tower completed in 2007.

What is unit 1802 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 1802, The Residences 1 (W3)

Starts from the last sale price (AED 7M, 13 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 7,000,000
Deposit, UAE resident (20%)
AED 1,400,000
Deposit, non-resident (40%)
AED 2,800,000
Monthly over 25 years at 3.7%
AED 28,639

Plus AED 299,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →