705, The Residences 1 (W3)
Sold prices and rental history: sold 3 times, last in June 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 705, The Residences 1 (W3)
What is 705 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 8 November 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,046 sqft
- Floor
- 7th of 38
- Parking
- L1-756
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 22,500 /yr
- Last sold
- AED 1.41M · June 2012
- Building
- The Residences 1 (W3)
About 705, The Residences 1 (W3)
705 is a one-bedroom apartment of 1,046 sqft on the 7th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 25 June 2012 for AED 1,410,000, or AED 1,347 per sqft, in line with the AED 1,346 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 8 November 2023, is AED 125,000 a year: a gross yield of 8.9% on the 2012 price, before the service charge of about AED 22,500 a year.
Sales and rents for 705 over time
705 has sold 3 times; 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 705 sits
All 71 1-beds →705 last sold in June 2012 at AED 1,347 per sqft, in line with what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,346). 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. 705's AED 125,000 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 7th floor
All 185 units in The Residences 1 (W3)705, The Residences 1 (W3) in numbers
- Sold 3 times: first on 20 May 2009 for AED 601,800, last on 25 June 2012 for AED 1,410,000 (AED 1,347 per sqft).
- Rented since August 2014 on 8 Ejari contracts, from AED 100,000 to AED 125,000 a year.
- At AED 125,000 a year the gross yield on the 2012 price is 8.9%, before a service charge of about AED 22,500 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 8 November 2023.
Questions about 705, The Residences 1 (W3)
What did unit 705 last sell for?
AED 1,410,000 on 25 June 2012: AED 1,347 per sqft for 1,046 sqft. The unit has 3 registered sales; the first was AED 601,800 in May 2009.
What is the rent for unit 705?
AED 125,000 a year on the contract renewed on 8 November 2023. The previous contract, from November 2022, was AED 112,000; the unit has been rented since August 2014.
How big is unit 705?
1,046 sqft (97.2 sqm): a one-bedroom apartment on the 7th floor of a 38-storey tower completed in 2007.
What is unit 705 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 705, The Residences 1 (W3)
Starts from the last sale price (AED 1.41M, 25 June 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,410,000
- Deposit, UAE resident (20%)
- AED 282,000
- Deposit, non-resident (40%)
- AED 564,000
- Monthly over 25 years at 3.7%
- AED 5,769
Plus AED 64,230 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →