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1-bed · 1,375 sqftThe Residences 1 (W3), Downtown Dubai · Ground floor · completed 2007

G03, The Residences 1 (W3)

Sold prices and rental history: sold 3 times, last in February 2024, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G03 · DLD and Ejari recordsUpdated 1 October 2025
Last soldAED 4M13 February 2024
Current rentAED 160K /yr1 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G03, The Residences 1 (W3)

What is G03 worth today?

Last sold for AED 4,000,000 in 2024

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1 Oct 2025RentedNew contract
AED 160,000/yr12 months · AED 116 per sqft
13 Feb 2024SoldReady
AED 4,000,000AED 2,909 per sqft
27 Feb 2023SoldReady
AED 2,000,000AED 1,454 per sqft
12 Aug 2022Sold by developerReady
AED 1,484,888AED 1,079 per sqft
9 Oct 2014RentedNew contract
AED 185,000/yr12 months · AED 134 per sqft
20 Jul 2013RentedNew contract
AED 155,000/yr12 months · AED 112 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 October 2025.

Key facts

Type
1-bed apartment
Size
1,375 sqft
Floor
Ground of 38
Parking
B1-585
Developer
Emaar
Completed
2007
Service charge
AED 29,600 /yr
Last sold
AED 4M · February 2024
Building
The Residences 1 (W3)

About G03, The Residences 1 (W3)

G03 is a one-bedroom apartment of 1,375 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 13 February 2024 for AED 4,000,000, or AED 2,909 per sqft, 58% above the AED 1,840 one-beds in the building were fetching at the time.

It has been rented since 2013 on 3 Ejari contracts. The current contract, signed on 1 October 2025, is AED 160,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 29,600 a year.

Sales and rents for G03 over time

Sales
Unit G03, each saleTypical one-bed in The Residences 1 (W3)
2M4M2008201320182023Typical sale price by year: 2008 AED 1,000,000; 2009 AED 1,193,070; 2010 AED 715,344; 2011 AED 828,800; 2012 AED 1,325,000; 2013 AED 1,712,500; 2014 AED 2,175,000; 2015 AED 2,047,500; 2016 AED 1,937,500; 2020 AED 1,225,000; 2021 AED 1,400,000; 2022 AED 1,502,444; 2023 AED 1,887,500; 2024 AED 2,000,000Sold by developer, August 2022: AED 1,484,888 (AED 1,079 per sqft)Sold, February 2023: AED 2,000,000 (AED 1,454 per sqft)Sold, February 2024: AED 4,000,000 (AED 2,909 per sqft)

G03 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit G03, each contractTypical one-bed in The Residences 1 (W3)
100K200K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 100,000; 2014 AED 118,500; 2015 AED 125,000; 2016 AED 120,000; 2017 AED 117,500; 2018 AED 96,000; 2019 AED 87,500; 2020 AED 74,556; 2021 AED 76,000; 2022 AED 85,000; 2023 AED 104,706; 2024 AED 115,000; 2025 AED 125,000; 2026 AED 122,500New contract, July 2013: AED 155,000 a yearNew contract, October 2014: AED 185,000 a yearNew contract, October 2025: AED 160,000 a year

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 G03 sits

All 71 1-beds →

G03 last sold in February 2024 at AED 2,909 per sqft, 58% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,840). 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. G03's AED 160,000 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jan 20262,300,000
28 Jul 20252,450,000
28 Feb 20252,360,000
13 Nov 20242,200,000
2 1-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
G023-bedAED 3.4M · Oct 2010

G03, The Residences 1 (W3) in numbers

  • Sold 3 times: first on 12 August 2022 for AED 1,484,888, last on 13 February 2024 for AED 4,000,000 (AED 2,909 per sqft).
  • Rented since July 2013 on 3 Ejari contracts, from AED 155,000 to AED 160,000 a year.
  • At AED 160,000 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 29,600 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 1 October 2025.

Questions about G03, The Residences 1 (W3)

What did unit G03 last sell for?

AED 4,000,000 on 13 February 2024: AED 2,909 per sqft for 1,375 sqft. The unit has 3 registered sales; the first was AED 1,484,888 in August 2022.

What is the rent for unit G03?

AED 160,000 a year on the contract signed on 1 October 2025. The previous contract, from October 2014, was AED 185,000; the unit has been rented since July 2013.

How big is unit G03?

1,375 sqft (127.7 sqm): a one-bedroom apartment on the ground floor of a 38-storey tower completed in 2007.

What is unit G03 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 G03, The Residences 1 (W3)

Starts from the last sale price (AED 4M, 13 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

Plus AED 173,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →