1-bed · 915 sqftThe Residences 1 (W3), Downtown Dubai · 31st floor · completed 2007

3104, The Residences 1 (W3)

Sold prices and rental history: sold 4 times, last in April 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3104 · DLD and Ejari recordsUpdated 6 December 2024
Last soldAED 2M3 April 2017
Current rentAED 125K /yr6 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3104, The Residences 1 (W3)

What is 3104 worth today?

Last sold for AED 2,000,000 in 2017

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6 Dec 2024RentedRenewal
AED 125,000/yr12 months · AED 137 per sqft
6 Dec 2023RentedRenewal
AED 120,000/yr12 months · AED 131 per sqft
6 Dec 2022RentedRenewal
AED 110,000/yr12 months · AED 120 per sqft
6 Nov 2021RentedNew contract
AED 97,500/yr13 months · AED 107 per sqft
25 Nov 2020RentedNew contract
AED 68,000/yr12 months · AED 74 per sqft
5 Oct 2019RentedRenewal
AED 113,000/yr12 months · AED 124 per sqft
5 Oct 2018RentedRenewal
AED 113,000/yr12 months · AED 124 per sqft
4 Apr 2017RentedNew contract
AED 130,000/yr12 months · AED 142 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 6 December 2024.

Key facts

Type
1-bed apartment
Size
915 sqft
Floor
31st of 38
Parking
B2-389
Developer
Emaar
Completed
2007
Service charge
AED 19,700 /yr
Last sold
AED 2M · April 2017

About 3104, The Residences 1 (W3)

3104 is a one-bedroom apartment of 915 sqft on the 31st floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 3 April 2017 for AED 2,000,000, or AED 2,185 per sqft, in line with the AED 2,131 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 6 December 2024, is AED 125,000 a year: a gross yield of 6.3% on the 2017 price, before the service charge of about AED 19,700 a year.

Sales and rents for 3104 over time

Sales
Unit 3104, 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, June 2011: AED 1,100,000 (AED 1,202 per sqft)Sold, June 2011: AED 828,800 (AED 905 per sqft)Sold, September 2015: AED 2,175,000 (AED 2,376 per sqft)Sold, April 2017: AED 2,000,000 (AED 2,185 per sqft)

3104 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3104, 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, July 2013: AED 90,000 a yearNew contract, October 2015: AED 130,000 a yearRenewal, October 2016: AED 130,000 a yearNew contract, April 2017: AED 130,000 a yearRenewal, October 2018: AED 113,000 a yearRenewal, October 2019: AED 113,000 a yearNew contract, November 2020: AED 68,000 a yearNew contract, November 2021: AED 97,500 a yearRenewal, December 2022: AED 110,000 a yearRenewal, December 2023: AED 120,000 a yearRenewal, December 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 3104 sits

All 71 1-beds →

3104 last sold in April 2017 at AED 2,185 per sqft, in line with what one-beds in The Residences 1 (W3) were fetching at the time (AED 2,131). 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. 3104'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 31st floor

All 185 units in The Residences 1 (W3)
Value
31012-bedAED 1.26M · May 2010
31023-bedAED 4M · Jul 2011
31032-bedAED 1.77M · May 2010
31051-bedAED 742K · Mar 2011

3104, The Residences 1 (W3) in numbers

  • Sold 4 times: first on 21 June 2011 for AED 828,800, last on 3 April 2017 for AED 2,000,000 (AED 2,185 per sqft).
  • Rented since July 2013 on 11 Ejari contracts. The rent fell from AED 90,000 to AED 68,000 in 2020 and recovered to AED 125,000 by December 2024.
  • At AED 125,000 a year the gross yield on the 2017 price is 6.3%, before a service charge of about AED 19,700 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 6 December 2024.

Questions about 3104, The Residences 1 (W3)

What did unit 3104 last sell for?

AED 2,000,000 on 3 April 2017: AED 2,185 per sqft for 915 sqft. The unit has 4 registered sales; the first was AED 828,800 in June 2011.

What is the rent for unit 3104?

AED 125,000 a year on the contract renewed on 6 December 2024. The previous contract, from December 2023, was AED 120,000; the unit has been rented since July 2013.

How big is unit 3104?

915 sqft (85.0 sqm): a one-bedroom apartment on the 31st floor of a 38-storey tower completed in 2007.

What is unit 3104 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 3104, The Residences 1 (W3)

Starts from the last sale price (AED 2M, 3 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

Plus AED 89,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →