501, The Residences 3 (W1)
Sold prices and rental history: sold once, by the developer in July 2010, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, The Residences 3 (W1)
What is 501 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,435 sqft
- Floor
- 5th of 25
- Parking
- P-181
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 30,900 /yr
- Last sold
- AED 1.28M · July 2010
- Building
- The Residences 3 (W1)
About 501, The Residences 3 (W1)
501 is a two-bedroom apartment of 1,435 sqft on the 5th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 25 July 2010 for AED 1,275,800, or AED 889 per sqft, 11% below the AED 996 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 15 January 2025, is AED 180,000 a year: a gross yield of 14.1% on the 2010 price, before the service charge of about AED 30,900 a year.
Sales and rents for 501 over time
501 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 501 sits
All 43 2-beds →501 last sold in July 2010 at AED 889 per sqft, 11% below what two-beds in The Residences 3 (W1) were fetching at the time (AED 996).
| 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 5th floor
All 111 units in The Residences 3 (W1)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 2-bed | 1,478 sqft | AED 2.75MAED 2,747,000 · Mar 2020March 2020 | 170,000 /yr | |
| 503 | 1-bed | 986 sqft | AED 723KAED 722,800 · Sep 2010September 2010 | 115,000 /yr | |
| 504 | 1-bed | 948 sqft | AED 620KAED 620,000 · Jan 2011January 2011 | 130,000 /yr | |
| 505 | 1-bed | 1,023 sqft | AED 1.97MAED 1,970,000 · Jun 2023June 2023 | 80,000 /yr |
501, The Residences 3 (W1) in numbers
- Sold once: by Emaar on 25 July 2010 for AED 1,275,800, or AED 889 per sqft.
- Rented since October 2013 on 8 Ejari contracts. The rent fell from AED 185,000 to AED 140,000 in 2021 and recovered to AED 180,000 by January 2025.
- At AED 180,000 a year the gross yield on the 2010 price is 14.1%, before a service charge of about AED 30,900 a year (AED 21.55 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 15 January 2025.
Questions about 501, The Residences 3 (W1)
What did unit 501 last sell for?
AED 1,275,800 on 25 July 2010, sold by the developer: AED 889 per sqft for 1,435 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 180,000 a year on the contract renewed on 15 January 2025. The previous contract, from January 2023, was AED 160,000; the unit has been rented since October 2013.
How big is unit 501?
1,435 sqft (133.3 sqm): a two-bedroom apartment on the 5th floor of a 25-storey tower completed in 2007.
What is unit 501 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 501, The Residences 3 (W1)
Starts from the last sale price (AED 1.28M, 25 July 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,275,800
- Deposit, UAE resident (20%)
- AED 255,160
- Deposit, non-resident (40%)
- AED 510,320
- Monthly over 25 years at 3.7%
- AED 5,220
Plus AED 58,594 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →