1602, The Residences 3 (W1)
Sold prices and rental history: sold once, by the developer in December 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 1602, The Residences 3 (W1)
What is 1602 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,478 sqft
- Floor
- 16th of 25
- Parking
- B2-491
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,900 /yr
- Last sold
- AED 1.46M · December 2012
- Building
- The Residences 3 (W1)
About 1602, The Residences 3 (W1)
1602 is a two-bedroom apartment of 1,478 sqft on the 16th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 18 December 2012 for AED 1,462,800, or AED 989 per sqft, 39% below the AED 1,632 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 1 January 2025, is AED 225,000 a year: a gross yield of 15.4% on the 2012 price, before the service charge of about AED 31,900 a year.
Sales and rents for 1602 over time
1602 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Residences 3 (W1), and where 1602 sits
All 43 2-beds →1602 last sold in December 2012 at AED 989 per sqft, 39% below what two-beds in The Residences 3 (W1) were fetching at the time (AED 1,632).
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Mar 20254 March 2025 | 1,435 sqft | 4,400,000 | 3,066 | ||
| 8 Jan 20258 January 2025 | 1,478 sqft | 5,850,000 | 3,958 | ||
| 8 Oct 20248 October 2024 | 1,478 sqft | 4,950,000 | 3,349 | ||
| 6 May 20246 May 2024 | 1,478 sqft | 5,000,000 | 3,382 |
The Residences 3 (W1)
Building111 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%
Other units on the 16th floor
All 111 units in The Residences 3 (W1)1602, The Residences 3 (W1) in numbers
- Sold once: by Emaar on 18 December 2012 for AED 1,462,800, or AED 989 per sqft.
- Rented since July 2014 on 7 Ejari contracts. The rent fell from AED 200,000 to AED 145,000 in 2020 and recovered to AED 225,000 by January 2025.
- At AED 225,000 a year the gross yield on the 2012 price is 15.4%, before a service charge of about AED 31,900 a year (AED 21.55 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 January 2025.
Questions about 1602, The Residences 3 (W1)
What did unit 1602 last sell for?
AED 1,462,800 on 18 December 2012, sold by the developer: AED 989 per sqft for 1,478 sqft. It is the only registered sale of the unit.
What is the rent for unit 1602?
AED 225,000 a year on the contract renewed on 1 January 2025. The previous contract, from January 2024, was AED 225,000; the unit has been rented since July 2014.
How big is unit 1602?
1,478 sqft (137.3 sqm): a two-bedroom apartment on the 16th floor of a 25-storey tower completed in 2007.
What is unit 1602 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1602, The Residences 3 (W1)
Starts from the last sale price (AED 1.46M, 18 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,462,800
- Deposit, UAE resident (20%)
- AED 292,560
- Deposit, non-resident (40%)
- AED 585,120
- Monthly over 25 years at 3.7%
- AED 5,985
Plus AED 66,448 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →