705, The Residences 3 (W1)
Sold prices and rental history: sold 3 times, last in June 2015, 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 705, The Residences 3 (W1)
What is 705 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 9 September 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,023 sqft
- Floor
- 7th of 25
- Parking
- L1-768
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 22,000 /yr
- Last sold
- AED 2.5M · June 2015
- Building
- The Residences 3 (W1)
About 705, The Residences 3 (W1)
705 is a one-bedroom apartment of 1,023 sqft on the 7th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 24 June 2015 for AED 2,500,000, or AED 2,443 per sqft, 12% above the AED 2,180 one-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 9 September 2024, is AED 110,000 a year: a gross yield of 4.4% on the 2015 price, before the service charge of about AED 22,000 a year.
Sales and rents for 705 over time
705 has sold 3 times; 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 705 sits
All 60 1-beds →705 last sold in June 2015 at AED 2,443 per sqft, 12% above what one-beds in The Residences 3 (W1) were fetching at the time (AED 2,180). 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. 705's AED 110,000 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 | |
| 704 | 1-bed | 948 sqft | AED 562KAED 561,800 · Nov 2008November 2008 | 125,000 /yr |
705, The Residences 3 (W1) in numbers
- Sold 3 times: first on 19 November 2008 for AED 1,787,440, last on 24 June 2015 for AED 2,500,000 (AED 2,443 per sqft).
- Rented since December 2014 on 7 Ejari contracts. The rent fell from AED 130,000 to AED 95,000 in 2020 and recovered to AED 110,000 by September 2024.
- At AED 110,000 a year the gross yield on the 2015 price is 4.4%, 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 9 September 2024.
Questions about 705, The Residences 3 (W1)
What did unit 705 last sell for?
AED 2,500,000 on 24 June 2015: AED 2,443 per sqft for 1,023 sqft. The unit has 3 registered sales; the first was AED 1,787,440 in November 2008.
What is the rent for unit 705?
AED 110,000 a year on the contract renewed on 9 September 2024. The previous contract, from September 2023, was AED 109,695; the unit has been rented since December 2014.
How big is unit 705?
1,023 sqft (95.0 sqm): a one-bedroom apartment on the 7th floor of a 25-storey tower completed in 2007.
What is unit 705 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 705, The Residences 3 (W1)
Starts from the last sale price (AED 2.5M, 24 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 2,500,000
- Deposit, UAE resident (20%)
- AED 500,000
- Deposit, non-resident (40%)
- AED 1,000,000
- Monthly over 25 years at 3.7%
- AED 10,228
Plus AED 110,010 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →