Home
Dubai prices
About
Research
3-bed · 2,082 sqftThe Residences 1 (W3), Downtown Dubai · Ground floor · completed 2007

G02, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in October 2010, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G02 · DLD and Ejari recordsUpdated 12 October 2010
Last soldAED 3.4M12 October 2010
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G02, The Residences 1 (W3)

What is G02 worth today?

Last sold for AED 3,400,000 in 2010

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

12 Oct 2010SoldReady
AED 3,400,000AED 1,633 per sqft
21 Dec 2008Sold by developerReady
AED 2,524,888AED 1,212 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 12 October 2010.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
Ground of 38
Parking
P-290,P-291
Developer
Emaar
Completed
2007
Service charge
AED 44,900 /yr
Last sold
AED 3.4M · October 2010
Building
The Residences 1 (W3)

About G02, The Residences 1 (W3)

G02 is a three-bedroom apartment of 2,082 sqft on the ground floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 12 October 2010 for AED 3,400,000, or AED 1,633 per sqft, 59% above the AED 1,024 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for G02 over time

Sales
Unit G02, 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, December 2008: AED 2,524,888 (AED 1,212 per sqft)Sold, October 2010: AED 3,400,000 (AED 1,633 per sqft)

G02 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit G02, 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 305,000

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 G02 sits

All 39 3-beds →

G02 last sold in October 2010 at AED 1,633 per sqft, 59% above what three-beds in The Residences 1 (W3) were fetching at the time (AED 1,024). 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.

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 ground floor

All 185 units in The Residences 1 (W3)
Value
G011-bedAED 1.9M · Apr 2024
G031-bedAED 4M · Feb 2024

G02, The Residences 1 (W3) in numbers

  • Sold twice: first on 21 December 2008 for AED 2,524,888, last on 12 October 2010 for AED 3,400,000 (AED 1,633 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 12 October 2010.

Questions about G02, The Residences 1 (W3)

What did unit G02 last sell for?

AED 3,400,000 on 12 October 2010: AED 1,633 per sqft for 2,082 sqft. The unit has 2 registered sales; the first was AED 2,524,888 in December 2008.

How big is unit G02?

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

What is unit G02 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.

Selling G02? 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.

How OpenOffers works

Mortgage on G02, The Residences 1 (W3)

Starts from the last sale price (AED 3.4M, 12 October 2010). Switch to today's estimate once you have unlocked it.
Price
AED 3,400,000
Deposit, UAE resident (20%)
AED 680,000
Deposit, non-resident (40%)
AED 1,360,000
Monthly over 25 years at 3.7%
AED 13,910

Plus AED 147,810 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →