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2-bed · 1,629 sqftThe Residences 1 (W3), Downtown Dubai · 26th floor · completed 2007

2603, The Residences 1 (W3)

Sold prices and rental history: sold 3 times, last in October 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2603 · DLD and Ejari recordsUpdated 30 October 2023
Last soldAED 4.9M30 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2603, The Residences 1 (W3)

What is 2603 worth today?

Last sold for AED 4,900,000 in 2023

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30 Oct 2023SoldReady
AED 4,900,000AED 3,007 per sqft
19 Jun 2012SoldReady
AED 3,650,000AED 2,240 per sqft
14 Sep 2010Sold by developerReady
AED 1,714,800AED 1,052 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 October 2023.

Key facts

Type
2-bed apartment
Size
1,629 sqft
Floor
26th of 38
Parking
L1-780
Developer
Emaar
Completed
2007
Service charge
AED 35,100 /yr
Last sold
AED 4.9M · October 2023
Building
The Residences 1 (W3)

About 2603, The Residences 1 (W3)

2603 is a two-bedroom apartment of 1,629 sqft on the 26th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 30 October 2023 for AED 4,900,000, or AED 3,007 per sqft, 26% above the AED 2,393 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2603 over time

Sales
Unit 2603, each saleTypical two-bed in The Residences 1 (W3)
2M4M2008201320182023Typical sale price by year: 2008 AED 1,231,800; 2009 AED 1,762,800; 2010 AED 1,606,800; 2011 AED 2,050,000; 2012 AED 2,375,000; 2013 AED 3,125,000; 2014 AED 4,500,000; 2015 AED 3,100,000; 2021 AED 3,600,000; 2023 AED 3,700,000; 2024 AED 3,425,000; 2025 AED 3,707,519; 2026 AED 3,850,000Sold by developer, September 2010: AED 1,714,800 (AED 1,052 per sqft)Sold, June 2012: AED 3,650,000 (AED 2,240 per sqft)Sold, October 2023: AED 4,900,000 (AED 3,007 per sqft)

2603 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2603, each contractTypical two-bed in The Residences 1 (W3)
100K200K2012201620202024Typical rent by year: 2012 AED 175,000; 2013 AED 162,500; 2014 AED 180,000; 2015 AED 187,500; 2016 AED 176,875; 2017 AED 170,000; 2018 AED 157,500; 2019 AED 127,917; 2020 AED 115,000; 2021 AED 112,500; 2022 AED 140,000; 2023 AED 180,000; 2024 AED 185,000; 2025 AED 195,000; 2026 AED 240,000

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 2603 sits

All 67 2-beds →

2603 last sold in October 2023 at AED 3,007 per sqft, 26% above what two-beds in The Residences 1 (W3) were fetching at the time (AED 2,393). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Feb 20265,200,000
4 Feb 20263,850,000
30 Jan 20263,800,000
3 Jun 20253,765,037
3 2-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 26th floor

All 185 units in The Residences 1 (W3)
Value
26012-bedAED 1.23M · Jan 2009
26023-bedAED 6.7M · Nov 2024
26041-bedAED 2.4M · Oct 2015
26051-bedAED 1.22M · Feb 2021

2603, The Residences 1 (W3) in numbers

  • Sold 3 times: first on 14 September 2010 for AED 1,714,800, last on 30 October 2023 for AED 4,900,000 (AED 3,007 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 30 October 2023.

Questions about 2603, The Residences 1 (W3)

What did unit 2603 last sell for?

AED 4,900,000 on 30 October 2023: AED 3,007 per sqft for 1,629 sqft. The unit has 3 registered sales; the first was AED 1,714,800 in September 2010.

How big is unit 2603?

1,629 sqft (151.3 sqm): a two-bedroom apartment on the 26th floor of a 38-storey tower completed in 2007.

What is unit 2603 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 2603, The Residences 1 (W3)

Starts from the last sale price (AED 4.9M, 30 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 4,900,000
Deposit, UAE resident (20%)
AED 980,000
Deposit, non-resident (40%)
AED 1,960,000
Monthly over 25 years at 3.7%
AED 20,047

Plus AED 210,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →