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1-bed · 1,046 sqftThe Residences 1 (W3), Downtown Dubai · 24th floor · completed 2007

2405, The Residences 1 (W3)

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

Unit 2405 · DLD and Ejari recordsUpdated 3 March 2024
Last soldAED 1.88M14 July 2013
Current rentAED 125K /yr3 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2405, The Residences 1 (W3)

What is 2405 worth today?

Last sold for AED 1,875,000 in 2013

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3 Mar 2024RentedRenewal
AED 125,000/yr12 months · AED 120 per sqft
1 Feb 2022RentedRenewal
AED 90,000/yr12 months · AED 86 per sqft
1 Feb 2021RentedNew contract
AED 90,000/yr12 months · AED 86 per sqft
21 Nov 2019RentedNew contract
AED 90,000/yr13 months · AED 86 per sqft
6 Sep 2017RentedNew contract
AED 125,000/yr12 months · AED 120 per sqft
8 Oct 2016RentedNew contract
AED 130,000/yr12 months · AED 125 per sqft
14 Jul 2013SoldReady
AED 1,875,000AED 1,792 per sqft
11 Apr 2013SoldReady
AED 1,650,000AED 1,577 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 3 March 2024.

Key facts

Type
1-bed apartment
Size
1,046 sqft
Floor
24th of 38
Parking
L1-712
Developer
Emaar
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 1.88M · July 2013
Building
The Residences 1 (W3)

About 2405, The Residences 1 (W3)

2405 is a one-bedroom apartment of 1,046 sqft on the 24th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 14 July 2013 for AED 1,875,000, or AED 1,792 per sqft, 9% above the AED 1,637 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 3 March 2024, is AED 125,000 a year: a gross yield of 6.7% on the 2013 price, before the service charge of about AED 22,500 a year.

Sales and rents for 2405 over time

Sales
Unit 2405, each saleTypical one-bed in The Residences 1 (W3)
1M2M2008201320182023Typical sale price by year: 2008 AED 1,000,000; 2009 AED 1,193,070; 2010 AED 715,344; 2011 AED 828,800; 2012 AED 1,325,000; 2013 AED 1,712,500; 2014 AED 2,175,000; 2015 AED 2,047,500; 2016 AED 1,937,500; 2020 AED 1,225,000; 2021 AED 1,400,000; 2022 AED 1,502,444; 2023 AED 1,887,500; 2024 AED 2,000,000Sold by developer, February 2013: AED 652,800 (AED 624 per sqft)Sold, April 2013: AED 1,650,000 (AED 1,577 per sqft)Sold, July 2013: AED 1,875,000 (AED 1,792 per sqft)

2405 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2405, each contractTypical one-bed in The Residences 1 (W3)
100K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 100,000; 2014 AED 118,500; 2015 AED 125,000; 2016 AED 120,000; 2017 AED 117,500; 2018 AED 96,000; 2019 AED 87,500; 2020 AED 74,556; 2021 AED 76,000; 2022 AED 85,000; 2023 AED 104,706; 2024 AED 115,000; 2025 AED 125,000; 2026 AED 122,500New contract, October 2016: AED 130,000 a yearNew contract, September 2017: AED 125,000 a yearNew contract, November 2019: AED 90,000 a yearNew contract, February 2021: AED 90,000 a yearRenewal, February 2022: AED 90,000 a yearRenewal, March 2024: AED 125,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in The Residences 1 (W3), and where 2405 sits

All 71 1-beds →

2405 last sold in July 2013 at AED 1,792 per sqft, 9% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,637). Over the last 12 months one-beds sold for AED 2,300,000 to 2,850,000, around AED 2,619 per sqft, and rent for AED 112,300 to 154,000 a year. 2405's AED 125,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jan 20262,300,000
28 Jul 20252,450,000
28 Feb 20252,360,000
13 Nov 20242,200,000
2 1-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 24th floor

All 185 units in The Residences 1 (W3)
Value
24012-bedAED 1.22M · Nov 2008
24023-bedAED 7.1M · Jan 2026
24032-bedAED 845K · May 2010
24041-bedAED 2M · May 2023

2405, The Residences 1 (W3) in numbers

  • Sold 3 times: first on 12 February 2013 for AED 652,800, last on 14 July 2013 for AED 1,875,000 (AED 1,792 per sqft).
  • Rented since October 2016 on 6 Ejari contracts. The rent fell from AED 130,000 to AED 90,000 in 2022 and recovered to AED 125,000 by March 2024.
  • At AED 125,000 a year the gross yield on the 2013 price is 6.7%, before a service charge of about AED 22,500 a year (AED 21.55 per sqft).
  • One-beds in The Residences 1 (W3) sold for AED 2,300,000–2,850,000 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 3 March 2024.

Questions about 2405, The Residences 1 (W3)

What did unit 2405 last sell for?

AED 1,875,000 on 14 July 2013: AED 1,792 per sqft for 1,046 sqft. The unit has 3 registered sales; the first was AED 652,800 in February 2013.

What is the rent for unit 2405?

AED 125,000 a year on the contract renewed on 3 March 2024. The previous contract, from February 2022, was AED 90,000; the unit has been rented since October 2016.

How big is unit 2405?

1,046 sqft (97.2 sqm): a one-bedroom apartment on the 24th floor of a 38-storey tower completed in 2007.

What is unit 2405 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences 1 (W3) sold for AED 2,300,000 to 2,850,000 in the last 12 months, around AED 2,619 per sqft.

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Mortgage on 2405, The Residences 1 (W3)

Starts from the last sale price (AED 1.88M, 14 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,875,000
Deposit, UAE resident (20%)
AED 375,000
Deposit, non-resident (40%)
AED 750,000
Monthly over 25 years at 3.7%
AED 7,671

Plus AED 83,760 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →