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1-bed · 512 sqftThe Residences 3 (W1), Downtown Dubai · 6th floor · completed 2007

605, The Residences 3 (W1)

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

Unit 605 · DLD and Ejari recordsUpdated 21 October 2024
Last soldAED 600K21 October 2024
Current rentAED 115K /yr1 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 605, The Residences 3 (W1)

What is 605 worth today?

Last sold for AED 600,000 in 2024

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21 Oct 2024SoldReady
AED 600,000AED 1,173 per sqft
1 Feb 2023RentedNew contract
AED 115,000/yr12 months · AED 112 per sqft
1 Dec 2021RentedNew contract
AED 98,000/yr12 months · AED 96 per sqft
1 Dec 2021RentedNew contract
AED 98,000/yr12 months · AED 96 per sqft
10 Feb 2020RentedNew contract
AED 95,000/yr12 months · AED 93 per sqft
10 Feb 2019RentedNew contract
AED 95,000/yr12 months · AED 93 per sqft
22 Nov 2017RentedNew contract
AED 113,500/yr12 months · AED 111 per sqft
24 Nov 2013RentedNew contract
AED 110,000/yr12 months · AED 108 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 21 October 2024.

Key facts

Type
1-bed apartment
Size
512 sqft
Floor
6th of 25
Parking
P-190
Developer
Emaar
Completed
2007
Service charge
AED 11,000 /yr
Last sold
AED 600K · October 2024
Building
The Residences 3 (W1)

About 605, The Residences 3 (W1)

605 is a one-bedroom apartment of 512 sqft on the 6th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 21 October 2024 for AED 600,000, or AED 1,173 per sqft.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 1 February 2023, is AED 115,000 a year: a gross yield of 19.2% on the 2024 price, before the service charge of about AED 11,000 a year.

Sales and rents for 605 over time

Sales
Unit 605, each saleTypical one-bed in The Residences 3 (W1)
1M2M2008201320182023Typical 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 1,875,000Sold by developer, October 2008: AED 800,800 (AED 782 per sqft)Sold, October 2024: AED 600,000 (AED 1,173 per sqft)

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

Rents
Unit 605, 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, November 2013: AED 110,000 a yearNew contract, November 2017: AED 113,500 a yearNew contract, February 2019: AED 95,000 a yearNew contract, February 2020: AED 95,000 a yearNew contract, December 2021: AED 98,000 a yearNew contract, December 2021: AED 98,000 a yearNew contract, February 2023: AED 115,000 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 605 sits

All 60 1-beds →

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. 605's AED 115,000 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
4.9%
The Residences 3 (W1), Downtown Dubai: prices, sales and rents →

Other units on the 6th floor

All 111 units in The Residences 3 (W1)
Value
6012-bedAED 3M · Feb 2019
6022-bedAED 6.1M · Dec 2014
6031-bedAED 2.15M · Jun 2015
6041-bedAED 559K · Nov 2008

605, The Residences 3 (W1) in numbers

  • Sold twice: first on 15 October 2008 for AED 800,800, last on 21 October 2024 for AED 600,000 (AED 1,173 per sqft).
  • Rented since November 2013 on 7 Ejari contracts. The rent fell from AED 110,000 to AED 95,000 in 2020 and recovered to AED 115,000 by February 2023.
  • At AED 115,000 a year the gross yield on the 2024 price is 19.2%, before a service charge of about AED 11,000 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 21 October 2024.

Questions about 605, The Residences 3 (W1)

What did unit 605 last sell for?

AED 600,000 on 21 October 2024: AED 1,173 per sqft for 512 sqft. The unit has 2 registered sales; the first was AED 800,800 in October 2008.

What is the rent for unit 605?

AED 115,000 a year on the contract signed on 1 February 2023. The previous contract, from December 2021, was AED 98,000; the unit has been rented since November 2013.

How big is unit 605?

512 sqft (47.6 sqm): a one-bedroom apartment on the 6th floor of a 25-storey tower completed in 2007.

What is unit 605 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 605, The Residences 3 (W1)

Starts from the last sale price (AED 600K, 21 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 600,000
Deposit, UAE resident (20%)
AED 120,000
Deposit, non-resident (40%)
AED 240,000
Monthly over 25 years at 3.7%
AED 2,455

Plus AED 30,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →