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3-bed · 3,546 sqftThe Residences 1 (W3), Downtown Dubai · 37th floor · completed 2007

3702, The Residences 1 (W3)

Sold prices and rental history: sold 3 times, last in December 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3702 · DLD and Ejari recordsUpdated 20 February 2022
Last soldAED 8.4M6 December 2021
Current rentAED 240K /yr20 February 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3702, The Residences 1 (W3)

What is 3702 worth today?

Last sold for AED 8,400,000 in 2021

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20 Feb 2022RentedNew contract
AED 240,000/yr12 months · AED 68 per sqft
6 Dec 2021SoldReady
AED 8,400,000AED 2,368 per sqft
20 Feb 2021RentedNew contract
AED 240,000/yr12 months · AED 68 per sqft
10 Apr 2019RentedRenewal
AED 330,000/yr12 months · AED 93 per sqft
10 Apr 2018RentedRenewal
AED 350,000/yr12 months · AED 99 per sqft
10 Apr 2017RentedNew contract
AED 350,000/yr12 months · AED 99 per sqft
12 May 2016RentedRenewal
AED 380,000/yr12 months · AED 107 per sqft
12 May 2015RentedNew contract
AED 380,000/yr12 months · AED 107 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 February 2022.

Key facts

Type
3-bed apartment
Size
3,546 sqft
Floor
37th of 38
Parking
G-640,G-641
Developer
Emaar
Completed
2007
Service charge
AED 76,400 /yr
Last sold
AED 8.4M · December 2021
Building
The Residences 1 (W3)

About 3702, The Residences 1 (W3)

3702 is a three-bedroom apartment of 3,546 sqft on the 37th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 6 December 2021 for AED 8,400,000, or AED 2,368 per sqft.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, signed on 20 February 2022, is AED 240,000 a year: a gross yield of 2.9% on the 2021 price, before the service charge of about AED 76,400 a year.

Sales and rents for 3702 over time

Sales
Unit 3702, each saleTypical three-bed in The Residences 1 (W3)
5M10M2008201220162020Typical 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 4,500,000 (AED 1,269 per sqft)Sold, January 2015: AED 12,500,000 (AED 3,525 per sqft)Sold, December 2021: AED 8,400,000 (AED 2,368 per sqft)

3702 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3702, each contractTypical three-bed in The Residences 1 (W3)
200K300K400K2012201620202024Typical 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, April 2014: AED 360,000 a yearNew contract, January 2015: AED 380,000 a yearNew contract, May 2015: AED 380,000 a yearRenewal, May 2016: AED 380,000 a yearNew contract, April 2017: AED 350,000 a yearRenewal, April 2018: AED 350,000 a yearRenewal, April 2019: AED 330,000 a yearNew contract, February 2021: AED 240,000 a yearNew contract, February 2022: AED 240,000 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 3702 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. 3702's AED 240,000 is at the bottom 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 37th floor

All 185 units in The Residences 1 (W3)
Value
37013-bedAED 3.66M · May 2010

3702, The Residences 1 (W3) in numbers

  • Sold 3 times: first on 14 October 2008 for AED 4,500,000, last on 6 December 2021 for AED 8,400,000 (AED 2,368 per sqft).
  • Rented since April 2014 on 9 Ejari contracts, from AED 360,000 to AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2021 price is 2.9%, before a service charge of about AED 76,400 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 20 February 2022.

Questions about 3702, The Residences 1 (W3)

What did unit 3702 last sell for?

AED 8,400,000 on 6 December 2021: AED 2,368 per sqft for 3,546 sqft. The unit has 3 registered sales; the first was AED 4,500,000 in October 2008.

What is the rent for unit 3702?

AED 240,000 a year on the contract signed on 20 February 2022. The previous contract, from February 2021, was AED 240,000; the unit has been rented since April 2014.

How big is unit 3702?

3,546 sqft (329.4 sqm): a three-bedroom apartment on the 37th floor of a 38-storey tower completed in 2007.

What is unit 3702 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 3702, The Residences 1 (W3)

Starts from the last sale price (AED 8.4M, 6 December 2021). Switch to today's estimate once you have unlocked it.
Price
AED 8,400,000
Deposit, UAE resident (20%)
AED 1,680,000
Deposit, non-resident (40%)
AED 3,360,000
Monthly over 25 years at 3.7%
AED 34,367

Plus AED 357,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →