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3-bed · 2,082 sqftThe Residences 1 (W3), Downtown Dubai · 33rd floor · completed 2007

3302, The Residences 1 (W3)

Sold prices and rental history: sold once, by the developer in October 2008, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3302 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 2.27M15 October 2008
Current rentAED 320K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3302, The Residences 1 (W3)

What is 3302 worth today?

Last sold for AED 2,272,800 in 2008

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1 Oct 2024RentedRenewal
AED 320,000/yr12 months · AED 154 per sqft
1 Oct 2023RentedNew contract
AED 320,000/yr12 months · AED 154 per sqft
15 Oct 2008Sold by developerReady
AED 2,272,800AED 1,091 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2024.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
33rd of 38
Parking
B1-576,B1-577
Developer
Emaar
Completed
2007
Service charge
AED 44,900 /yr
Last sold
AED 2.27M · October 2008
Building
The Residences 1 (W3)

About 3302, The Residences 1 (W3)

3302 is a three-bedroom apartment of 2,082 sqft on the 33rd floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 15 October 2008 for AED 2,272,800, or AED 1,091 per sqft, in line with the AED 1,085 three-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 1 October 2024, is AED 320,000 a year: a gross yield of 14.1% on the 2008 price, before the service charge of about AED 44,900 a year.

Sales and rents for 3302 over time

Sales
Unit 3302, each saleTypical three-bed in The Residences 1 (W3)
2.5M5M7.5M2008201220162020Typical 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, October 2008: AED 2,272,800 (AED 1,091 per sqft)

3302 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3302, 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, October 2023: AED 320,000 a yearRenewal, October 2024: AED 320,000 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 3302 sits

All 39 3-beds →

3302 last sold in October 2008 at AED 1,091 per sqft, in line with what three-beds in The Residences 1 (W3) were fetching at the time (AED 1,085). 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. 3302's AED 320,000 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 33rd floor

All 185 units in The Residences 1 (W3)
Value
33012-bedAED 3.25M · Apr 2023
33032-bedAED 6.7M · Jun 2014
3304AED 2.6M · Sep 2025
33051-bedAED 1.3M · May 2009

3302, The Residences 1 (W3) in numbers

  • Sold once: by Emaar on 15 October 2008 for AED 2,272,800, or AED 1,091 per sqft.
  • Rented since October 2023 on 2 Ejari contracts, at AED 320,000 a year.
  • At AED 320,000 a year the gross yield on the 2008 price is 14.1%, 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 1 October 2024.

Questions about 3302, The Residences 1 (W3)

What did unit 3302 last sell for?

AED 2,272,800 on 15 October 2008, sold by the developer: AED 1,091 per sqft for 2,082 sqft. It is the only registered sale of the unit.

What is the rent for unit 3302?

AED 320,000 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 320,000.

How big is unit 3302?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 33rd floor of a 38-storey tower completed in 2007.

What is unit 3302 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 3302, The Residences 1 (W3)

Starts from the last sale price (AED 2.27M, 15 October 2008). Switch to today's estimate once you have unlocked it.
Price
AED 2,272,800
Deposit, UAE resident (20%)
AED 454,560
Deposit, non-resident (40%)
AED 909,120
Monthly over 25 years at 3.7%
AED 9,299

Plus AED 100,468 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →