704, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, The Residences 1 (W3)
What is 704 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 October 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 915 sqft
- Floor
- 7th of 38
- Parking
- L1-723
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 19,700 /yr
- Last sold
- AED 1M · August 2010
- Building
- The Residences 1 (W3)
About 704, The Residences 1 (W3)
704 is a one-bedroom apartment of 915 sqft on the 7th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 26 August 2010 for AED 1,000,000, or AED 1,092 per sqft, 33% above the AED 823 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 12 Ejari contracts. The current contract, renewed on 15 October 2025, is AED 94,500 a year: a gross yield of 9.4% on the 2010 price, before the service charge of about AED 19,700 a year.
Sales and rents for 704 over time
704 has sold once; 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 704 sits
All 71 1-beds →704 last sold in August 2010 at AED 1,092 per sqft, 33% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 823). 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. 704's AED 94,500 is at the bottom 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 7th floor
All 185 units in The Residences 1 (W3)704, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 26 August 2010 for AED 1,000,000, or AED 1,092 per sqft.
- Rented since March 2015 on 12 Ejari contracts. The rent fell from AED 120,000 to AED 68,000 in 2020 and recovered to AED 94,500 by October 2025.
- At AED 94,500 a year the gross yield on the 2010 price is 9.4%, 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 15 October 2025.
Questions about 704, The Residences 1 (W3)
What did unit 704 last sell for?
AED 1,000,000 on 26 August 2010, sold by the developer: AED 1,092 per sqft for 915 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 94,500 a year on the contract renewed on 15 October 2025. The previous contract, from October 2025, was AED 94,500; the unit has been rented since March 2015.
How big is unit 704?
915 sqft (85.0 sqm): a one-bedroom apartment on the 7th floor of a 38-storey tower completed in 2007.
What is unit 704 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 704, The Residences 1 (W3)
Starts from the last sale price (AED 1M, 26 August 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus AED 47,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →