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

302, The Residences 1 (W3)

Sold prices and rental history: sold 3 times, last in December 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 11 December 2014
Last soldAED 4.65M11 December 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, The Residences 1 (W3)

What is 302 worth today?

Last sold for AED 4,650,000 in 2014

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11 Dec 2014SoldReady
AED 4,650,000AED 2,233 per sqft
8 Jun 2010Sold by developerReady
AED 1,852,800AED 889 per sqft
8 Jun 2010SoldReady
AED 3,550,000AED 1,705 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 11 December 2014.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
3rd of 38
Parking
B1-574,B1-575
Developer
Emaar
Completed
2007
Service charge
AED 44,900 /yr
Last sold
AED 4.65M · December 2014
Building
The Residences 1 (W3)

About 302, The Residences 1 (W3)

302 is a three-bedroom apartment of 2,082 sqft on the 3rd floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 11 December 2014 for AED 4,650,000, or AED 2,233 per sqft, 32% below the AED 3,278 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 302 over time

Sales
Unit 302, 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, June 2010: AED 1,852,800 (AED 889 per sqft)Sold, June 2010: AED 3,550,000 (AED 1,705 per sqft)Sold, December 2014: AED 4,650,000 (AED 2,233 per sqft)

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

Rents
Unit 302, 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 305,000

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 302 sits

All 39 3-beds →

302 last sold in December 2014 at AED 2,233 per sqft, 32% below what three-beds in The Residences 1 (W3) were fetching at the time (AED 3,278). 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.

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 3rd floor

All 185 units in The Residences 1 (W3)
Value
3012-bedAED 1.09M · Jul 2010
3032-bedAED 1.44M · Sep 2010
3041-bedAED 344K · Feb 2009
3051-bedAED 325K · Jun 2010

302, The Residences 1 (W3) in numbers

  • Sold 3 times: first on 8 June 2010 for AED 3,550,000, last on 11 December 2014 for AED 4,650,000 (AED 2,233 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 11 December 2014.

Questions about 302, The Residences 1 (W3)

What did unit 302 last sell for?

AED 4,650,000 on 11 December 2014: AED 2,233 per sqft for 2,082 sqft. The unit has 3 registered sales; the first was AED 3,550,000 in June 2010.

How big is unit 302?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 3rd floor of a 38-storey tower completed in 2007.

What is unit 302 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 302, The Residences 1 (W3)

Starts from the last sale price (AED 4.65M, 11 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 4,650,000
Deposit, UAE resident (20%)
AED 930,000
Deposit, non-resident (40%)
AED 1,860,000
Monthly over 25 years at 3.7%
AED 19,025

Plus AED 200,310 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →