505, The Residences 1 (W3)
Sold prices and rental history: sold twice, last in February 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, The Residences 1 (W3)
What is 505 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: YallaValue analysis of Dubai Land Department records. Updated 19 June 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 523 sqft
- Floor
- 5th of 38
- Parking
- L1-748
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 11,300 /yr
- Last sold
- AED 656K · February 2014
- Building
- The Residences 1 (W3)
About 505, The Residences 1 (W3)
505 is a one-bedroom apartment of 523 sqft on the 5th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 12 February 2014 for AED 655,800, or AED 1,253 per sqft, 21% below the AED 1,577 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 8 Ejari contracts. The current contract, signed on 19 June 2025, is AED 120,000 a year: a gross yield of 18.3% on the 2014 price, before the service charge of about AED 11,300 a year.
Sales and rents for 505 over time
505 has sold twice; the dashed line is the one-bed median of each year in the building.
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 505 sits
All 71 1-beds →505 last sold in February 2014 at AED 1,253 per sqft, 21% below what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,577). 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. 505's AED 120,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Jan 202612 January 2026 | 915 sqft | 2,300,000 | 2,513 | ||
| 28 Jul 202528 July 2025 | 915 sqft | 2,450,000 | 2,677 | ||
| 28 Feb 202528 February 2025 | 915 sqft | 2,360,000 | 2,579 | ||
| 13 Nov 202413 November 2024 | 915 sqft | 2,200,000 | 2,404 |
The Residences 1 (W3)
Building185 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%
Other units on the 5th floor
All 185 units in The Residences 1 (W3)505, The Residences 1 (W3) in numbers
- Sold twice: first on 26 August 2010 for AED 655,800, last on 12 February 2014 for AED 655,800 (AED 1,253 per sqft).
- Rented since September 2016 on 8 Ejari contracts. The rent fell from AED 120,000 to AED 63,000 in 2021 and recovered to AED 120,000 by June 2025.
- At AED 120,000 a year the gross yield on the 2014 price is 18.3%, before a service charge of about AED 11,300 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 19 June 2025.
Questions about 505, The Residences 1 (W3)
What did unit 505 last sell for?
AED 655,800 on 12 February 2014: AED 1,253 per sqft for 523 sqft. The unit has 2 registered sales; the first was AED 655,800 in August 2010.
What is the rent for unit 505?
AED 120,000 a year on the contract signed on 19 June 2025. The previous contract, from May 2024, was AED 95,000; the unit has been rented since September 2016.
How big is unit 505?
523 sqft (48.6 sqm): a one-bedroom apartment on the 5th floor of a 38-storey tower completed in 2007.
What is unit 505 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.
Selling 505? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 505, The Residences 1 (W3)
Starts from the last sale price (AED 656K, 12 February 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 655,800
- Deposit, UAE resident (20%)
- AED 131,160
- Deposit, non-resident (40%)
- AED 262,320
- Monthly over 25 years at 3.7%
- AED 2,683
Plus AED 32,554 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →