1-bed · 1,023 sqftThe Residences 3 (W1), Downtown Dubai · 9th floor · completed 2007

905, The Residences 3 (W1)

Sold prices and rental history: sold once, by the developer in May 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 905 · DLD and Ejari recordsUpdated 18 May 2022
Last soldAED 409K5 May 2008
Current rentAED 110K /yr18 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 905, The Residences 3 (W1)

What is 905 worth today?

Last sold for AED 409,400 in 2008

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18 May 2022RentedNew contract
AED 110,000/yr12 months · AED 108 per sqft
1 Aug 2020RentedNew contract
AED 83,000/yr12 months · AED 81 per sqft
11 Aug 2017RentedNew contract
AED 125,000/yr12 months · AED 122 per sqft
11 Dec 2015RentedRenewal
AED 140,000/yr12 months · AED 137 per sqft
11 Dec 2014RentedNew contract
AED 140,000/yr12 months · AED 137 per sqft
30 Nov 2013RentedNew contract
AED 129,000/yr12 months · AED 126 per sqft
5 May 2008Sold by developerReady · flagged as an outlier
AED 409,400AED 400 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 18 May 2022.

Key facts

Type
1-bed apartment
Size
1,023 sqft
Floor
9th of 25
Parking
L1-690
Developer
Emaar
Completed
2007
Service charge
AED 22,000 /yr
Last sold
AED 409K · May 2008

About 905, The Residences 3 (W1)

905 is a one-bedroom apartment of 1,023 sqft on the 9th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 5 May 2008 for AED 409,400, or AED 400 per sqft.

It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 18 May 2022, is AED 110,000 a year: a gross yield of 26.9% on the 2008 price, before the service charge of about AED 22,000 a year.

Sales and rents for 905 over time

Sales
Unit 905, each saleTypical one-bed in The Residences 3 (W1)
1M2M2008201220162020Typical 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 1,875,000

No registered sale of 905; the dashed line is the one-bed median of each year in the building.

Rents
Unit 905, each contractTypical one-bed in The Residences 3 (W1)
100K150K2012201620202024Typical 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 129,000 a yearNew contract, December 2014: AED 140,000 a yearRenewal, December 2015: AED 140,000 a yearNew contract, August 2017: AED 125,000 a yearNew contract, August 2020: AED 83,000 a yearNew contract, May 2022: AED 110,000 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 905 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. 905's AED 110,000 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
4.8%
The Residences 3 (W1), Downtown Dubai: prices, sales and rents →

Other units on the 9th floor

All 111 units in The Residences 3 (W1)
Value
9012-bedAED 1.32M · Dec 2011
9022-bedAED 6.55M · Dec 2014
9031-bedAED 2M · Feb 2016
9041-bedAED 626K · Sep 2010

905, The Residences 3 (W1) in numbers

  • Sold once: by Emaar on 5 May 2008 for AED 409,400, or AED 400 per sqft.
  • Rented since November 2013 on 6 Ejari contracts. The rent fell from AED 129,000 to AED 83,000 in 2020 and recovered to AED 110,000 by May 2022.
  • At AED 110,000 a year the gross yield on the 2008 price is 26.9%, 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 18 May 2022.

Questions about 905, The Residences 3 (W1)

What did unit 905 last sell for?

AED 409,400 on 5 May 2008, sold by the developer: AED 400 per sqft for 1,023 sqft. It is the only registered sale of the unit.

What is the rent for unit 905?

AED 110,000 a year on the contract signed on 18 May 2022. The previous contract, from August 2020, was AED 83,000; the unit has been rented since November 2013.

How big is unit 905?

1,023 sqft (95.0 sqm): a one-bedroom apartment on the 9th floor of a 25-storey tower completed in 2007.

What is unit 905 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 905, The Residences 3 (W1)

Starts from the last sale price (AED 409K, 5 May 2008). Switch to today's estimate once you have unlocked it.
Price
AED 409,400
Deposit, UAE resident (20%)
AED 81,880
Deposit, non-resident (40%)
AED 163,760
Monthly over 25 years at 3.7%
AED 1,675

Plus AED 20,105 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →