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1-bed · 1,023 sqftThe Residences 3 (W1), Downtown Dubai · 12th floor · completed 2007

1205, The Residences 3 (W1)

Sold prices and rental history: sold once, by the developer in July 2010, and rented once, from February 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1205 · DLD and Ejari recordsUpdated 23 February 2017
Last soldAED 418K1 July 2010
Current rentAED 130K /yr23 February 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1205, The Residences 3 (W1)

What is 1205 worth today?

Last sold for AED 418,400 in 2010

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23 Feb 2017RentedNew contract
AED 130,000/yr12 months · AED 127 per sqft
1 Jul 2010Sold by developerReady · flagged as an outlier
AED 418,400AED 408 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 23 February 2017.

Key facts

Type
1-bed apartment
Size
1,023 sqft
Floor
12th of 25
Parking
B2-538
Developer
Emaar
Completed
2007
Service charge
AED 22,000 /yr
Last sold
AED 418K · July 2010
Building
The Residences 3 (W1)

About 1205, The Residences 3 (W1)

1205 is a one-bedroom apartment of 1,023 sqft on the 12th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 1 July 2010 for AED 418,400, or AED 408 per sqft, 49% below the AED 797 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 23 February 2017. The current contract, signed on 23 February 2017, is AED 130,000 a year: a gross yield of 31.1% on the 2010 price, before the service charge of about AED 22,000 a year.

Sales and rents for 1205 over time

Sales
Unit 1205, each saleTypical one-bed in The Residences 3 (W1)
1M2M2008201220162020Typical sale price by year: 2008 AED 993,888; 2009 AED 756,800; 2010 AED 776,800; 2011 AED 797,800; 2012 AED 721,783; 2013 AED 1,850,000; 2014 AED 2,300,000; 2015 AED 2,150,000; 2016 AED 2,100,000; 2018 AED 1,640,000; 2022 AED 1,875,000

No registered sale of 1205; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1205, each contractTypical one-bed in The Residences 3 (W1)
75K100K125K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 107,500; 2014 AED 125,000; 2015 AED 122,500; 2016 AED 120,000; 2017 AED 120,000; 2018 AED 106,250; 2019 AED 90,000; 2020 AED 80,000; 2021 AED 78,750; 2022 AED 95,000; 2023 AED 109,793; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 112,500New contract, February 2017: AED 130,000 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 3 (W1), and where 1205 sits

All 60 1-beds →

1205 last sold in July 2010 at AED 408 per sqft, 49% below what one-beds in The Residences 3 (W1) were fetching at the time (AED 797). Over the last 12 months one-beds sold for AED 2,350,000 to 3,000,000, around AED 2,713 per sqft, and rent for AED 60,000 to 160,000 a year. 1205's AED 130,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
29 Jan 20263,000,000
6 Jan 20262,350,000
9 May 20252,200,000
26 Jan 20252,350,000
2 1-bed sales in the last 12 months

The Residences 3 (W1)

Building

111 apartments, studios to 5-bed over 25 floors in Downtown Dubai, completed in 2007 by Emaar. 2 sold in the last 12 months.

Typical price per sqft
AED 2,713
Typical sale
AED 2.68M
Typical rent
AED 127K /yr
Typical yield
4.8%
The Residences 3 (W1), Downtown Dubai: prices, sales and rents →

Other units on the 12th floor

All 111 units in The Residences 3 (W1)
Value
12012-bedAED 4.2M · Nov 2022
12022-bedAED 5.85M · Jan 2025
12031-bedAED 2M · Oct 2013
12041-bedAED 1.3M · Feb 2019

1205, The Residences 3 (W1) in numbers

  • Sold once: by Emaar on 1 July 2010 for AED 418,400, or AED 408 per sqft.
  • Rented since February 2017 on one Ejari contract, at AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2010 price is 31.1%, before a service charge of about AED 22,000 a year (AED 21.55 per sqft).
  • One-beds in The Residences 3 (W1) sold for AED 2,350,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,713 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 23 February 2017.

Questions about 1205, The Residences 3 (W1)

What did unit 1205 last sell for?

AED 418,400 on 1 July 2010, sold by the developer: AED 408 per sqft for 1,023 sqft. It is the only registered sale of the unit.

What is the rent for unit 1205?

AED 130,000 a year on the contract signed on 23 February 2017.

How big is unit 1205?

1,023 sqft (95.0 sqm): a one-bedroom apartment on the 12th floor of a 25-storey tower completed in 2007.

What is unit 1205 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 3 (W1) sold for AED 2,350,000 to 3,000,000 in the last 12 months, around AED 2,713 per sqft.

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Mortgage on 1205, The Residences 3 (W1)

Starts from the last sale price (AED 418K, 1 July 2010). Switch to today's estimate once you have unlocked it.
Price
AED 418,400
Deposit, UAE resident (20%)
AED 83,680
Deposit, non-resident (40%)
AED 167,360
Monthly over 25 years at 3.7%
AED 1,712

Plus AED 20,483 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →