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3-bed · 2,082 sqftThe Residences 1 (W3), Downtown Dubai · 29th floor · completed 2007

2902, The Residences 1 (W3)

Sold prices and rental history: sold once, by the developer in May 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2902 · DLD and Ejari recordsUpdated 19 May 2025
Last soldAED 1.11M8 May 2008
Current rentAED 330K /yr19 May 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2902, The Residences 1 (W3)

What is 2902 worth today?

Last sold for AED 1,108,400 in 2008

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19 May 2025RentedRenewal
AED 330,000/yr12 months · AED 159 per sqft
4 May 2024RentedNew contract
AED 320,000/yr12 months · AED 154 per sqft
16 Jul 2019RentedNew contract
AED 180,000/yr12 months · AED 87 per sqft
5 Dec 2017RentedRenewal
AED 256,500/yr12 months · AED 123 per sqft
19 Nov 2015RentedRenewal
AED 294,183/yr12 months · AED 142 per sqft
19 Nov 2014RentedNew contract
AED 290,000/yr12 months · AED 140 per sqft
20 Nov 2013RentedNew contract
AED 290,000/yr12 months · AED 140 per sqft
8 May 2008Sold by developerReady
AED 1,108,400AED 532 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 19 May 2025.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
29th of 38
Parking
G-673,G-674
Developer
Emaar
Completed
2007
Service charge
AED 44,900 /yr
Last sold
AED 1.11M · May 2008
Building
The Residences 1 (W3)

About 2902, The Residences 1 (W3)

2902 is a three-bedroom apartment of 2,082 sqft on the 29th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 8 May 2008 for AED 1,108,400, or AED 532 per sqft.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 19 May 2025, is AED 330,000 a year: a gross yield of 29.8% on the 2008 price, before the service charge of about AED 44,900 a year.

Sales and rents for 2902 over time

Sales
Unit 2902, each saleTypical three-bed in The Residences 1 (W3)
05M2008201220162020Typical 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, May 2008: AED 1,108,400 (AED 532 per sqft)

2902 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2902, 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, November 2013: AED 290,000 a yearNew contract, November 2014: AED 290,000 a yearRenewal, November 2015: AED 294,183 a yearRenewal, December 2017: AED 256,500 a yearNew contract, July 2019: AED 180,000 a yearNew contract, May 2024: AED 320,000 a yearRenewal, May 2025: AED 330,000 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 2902 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. 2902's AED 330,000 is at the top 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 29th floor

All 185 units in The Residences 1 (W3)
Value
29012-bedAED 3.3M · Apr 2024
29032-bedAED 3.3M · Dec 2011
29041-bedAED 819K · Aug 2013
29051-bedAED 1.9M · Dec 2013

2902, The Residences 1 (W3) in numbers

  • Sold once: by Emaar on 8 May 2008 for AED 1,108,400, or AED 532 per sqft.
  • Rented since November 2013 on 7 Ejari contracts. The rent fell from AED 290,000 to AED 180,000 in 2019 and recovered to AED 330,000 by May 2025.
  • At AED 330,000 a year the gross yield on the 2008 price is 29.8%, 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 19 May 2025.

Questions about 2902, The Residences 1 (W3)

What did unit 2902 last sell for?

AED 1,108,400 on 8 May 2008, sold by the developer: AED 532 per sqft for 2,082 sqft. It is the only registered sale of the unit.

What is the rent for unit 2902?

AED 330,000 a year on the contract renewed on 19 May 2025. The previous contract, from May 2024, was AED 320,000; the unit has been rented since November 2013.

How big is unit 2902?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 29th floor of a 38-storey tower completed in 2007.

What is unit 2902 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 2902, The Residences 1 (W3)

Starts from the last sale price (AED 1.11M, 8 May 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,108,400
Deposit, UAE resident (20%)
AED 221,680
Deposit, non-resident (40%)
AED 443,360
Monthly over 25 years at 3.7%
AED 4,535

Plus AED 51,563 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →