704, The Residences 3 (W1)
Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, The Residences 3 (W1)
What is 704 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 13 October 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 948 sqft
- Floor
- 7th of 25
- Parking
- P-43
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 20,400 /yr
- Last sold
- AED 562K · November 2008
- Building
- The Residences 3 (W1)
About 704, The Residences 3 (W1)
704 is a one-bedroom apartment of 948 sqft on the 7th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 9 November 2008 for AED 561,800, or AED 592 per sqft, 36% below the AED 925 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 14 Ejari contracts. The current contract, renewed on 13 October 2025, is AED 125,000 a year: a gross yield of 22.3% on the 2008 price, before the service charge of about AED 20,400 a year.
Sales and rents for 704 over time
704 has sold once; the dashed line is the one-bed median of each year in the building.
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 704 sits
All 60 1-beds →704 last sold in November 2008 at AED 592 per sqft, 36% below what one-beds in The Residences 3 (W1) were fetching at the time (AED 925). 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. 704's AED 125,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Jan 202629 January 2026 | 986 sqft | 3,000,000 | 3,042 | ||
| 6 Jan 20266 January 2026 | 986 sqft | 2,350,000 | 2,383 | ||
| 9 May 20259 May 2025 | 986 sqft | 2,200,000 | 2,231 | ||
| 26 Jan 202526 January 2025 | 1,023 sqft | 2,350,000 | 2,297 |
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 7th floor
All 111 units in The Residences 3 (W1)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,435 sqft | AED 1.3MAED 1,297,800 · Nov 2008November 2008 | 175,000 /yr | |
| 702 | 2-bed | 1,478 sqft | AED 1.35MAED 1,354,800 · Feb 2009February 2009 | 150,000 /yr | |
| 703 | 1-bed | 986 sqft | AED 731KAED 730,800 · Sep 2010September 2010 | 126,000 /yr | |
| 705 | 1-bed | 1,023 sqft | AED 2.5MAED 2,500,000 · Jun 2015June 2015 | 110,000 /yr |
704, The Residences 3 (W1) in numbers
- Sold once: by Emaar on 9 November 2008 for AED 561,800, or AED 592 per sqft.
- Rented since November 2012 on 14 Ejari contracts. The rent fell from AED 95,000 to AED 78,000 in 2021 and recovered to AED 125,000 by October 2025.
- At AED 125,000 a year the gross yield on the 2008 price is 22.3%, before a service charge of about AED 20,400 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 13 October 2025.
Questions about 704, The Residences 3 (W1)
What did unit 704 last sell for?
AED 561,800 on 9 November 2008, sold by the developer: AED 592 per sqft for 948 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 125,000 a year on the contract renewed on 13 October 2025. The previous contract, from October 2025, was AED 125,000; the unit has been rented since November 2012.
How big is unit 704?
948 sqft (88.1 sqm): a one-bedroom apartment on the 7th floor of a 25-storey tower completed in 2007.
What is unit 704 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 704, The Residences 3 (W1)
Starts from the last sale price (AED 562K, 9 November 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 561,800
- Deposit, UAE resident (20%)
- AED 112,360
- Deposit, non-resident (40%)
- AED 224,720
- Monthly over 25 years at 3.7%
- AED 2,298
Plus AED 28,606 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →