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3-bed · 2,082 sqftThe Residences 1 (W3), Downtown Dubai · 1st floor · completed 2007

102, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 102 · DLD and Ejari recordsUpdated 14 June 2024
Last soldAED 5.5M14 June 2024
Current rentAED 280K /yr22 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 102, The Residences 1 (W3)

What is 102 worth today?

Last sold for AED 5,500,000 in 2024

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14 Jun 2024SoldReady
AED 5,500,000AED 2,641 per sqft
22 Feb 2023RentedNew contract
AED 280,000/yr25 months · AED 135 per sqft
11 Dec 2021RentedNew contract
AED 180,000/yr12 months · AED 87 per sqft
1 Oct 2020RentedNew contract
AED 140,000/yr12 months · AED 67 per sqft
26 Sep 2018Sold by developerReady
AED 3,100,000AED 1,488 per sqft
19 Jul 2018RentedNew contract
AED 187,000/yr12 months · AED 90 per sqft

Source: Dubai Land Department. Updated 14 June 2024.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
1st of 38
Parking
G-605,G-606
Developer
Emaar
Completed
2007
Service charge
AED 44,900 /yr
Last sold
AED 5.5M · June 2024
Building
The Residences 1 (W3)

About 102, The Residences 1 (W3)

102 is a three-bedroom apartment of 2,082 sqft on the 1st floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 14 June 2024 for AED 5,500,000, or AED 2,641 per sqft.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 22 February 2023, is AED 280,000 a year: a gross yield of 5.1% on the 2024 price, before the service charge of about AED 44,900 a year.

Sales and rents for 102 over time

Sales
Unit 102, each saleTypical three-bed in The Residences 1 (W3)
5M2008201320182023Typical sale price by year: 2008 AED 2,398,844; 2009 AED 2,258,800; 2010 AED 2,139,800; 2011 AED 2,562,888; 2012 AED 3,302,400; 2013 AED 7,300,000; 2014 AED 6,825,000; 2015 AED 7,900,000; 2020 AED 4,100,000; 2022 AED 3,061,980; 2025 AED 7,300,000; 2026 AED 7,100,000Sold by developer, September 2018: AED 3,100,000 (AED 1,488 per sqft)Sold, June 2024: AED 5,500,000 (AED 2,641 per sqft)

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

Rents
Unit 102, each contractTypical three-bed in The Residences 1 (W3)
200K300K2012201620202024Typical rent by year: 2012 AED 205,000; 2013 AED 265,000; 2014 AED 265,000; 2015 AED 289,592; 2016 AED 272,500; 2017 AED 253,750; 2018 AED 202,500; 2019 AED 175,000; 2020 AED 170,691; 2021 AED 185,000; 2022 AED 185,000; 2023 AED 280,000; 2024 AED 300,000; 2025 AED 305,000; 2026 AED 292,500New contract, July 2018: AED 187,000 a yearNew contract, October 2020: AED 140,000 a yearNew contract, December 2021: AED 180,000 a yearNew contract, February 2023: AED 280,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in The Residences 1 (W3), and where 102 sits

All 40 3-beds →

Over the last 12 months three-beds sold for AED 7,050,000 to 20,000,000, around AED 3,410 per sqft, and rent for AED 223,200 to 390,000 a year. 102's AED 280,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
17 Sep 20267,050,000
28 Jan 20267,100,000
14 Jan 202620,000,000
15 Sep 20257,300,000
3 3-bed sales in the last 12 months

The Residences 1 (W3)

Building

185 apartments, 1-bed to 5-bed over 38 floors in Downtown Dubai, completed in 2007 by Emaar. 8 sold in the last 12 months.

Typical price per sqft
AED 2,958
Typical sale
AED 4.53M
Typical rent
AED 171K /yr
Typical yield
4.2%
The Residences 1 (W3), Downtown Dubai: prices, sales and rents →

Other units on the 1st floor

All 185 units in The Residences 1 (W3)
Value
1011-bedAED 2.2M · May 2024
1031-bedAED 3.4M · Feb 2013

102, The Residences 1 (W3) in numbers

  • Sold twice: first on 26 September 2018 for AED 3,100,000, last on 14 June 2024 for AED 5,500,000 (AED 2,641 per sqft).
  • Rented since July 2018 on 4 Ejari contracts. The rent fell from AED 187,000 to AED 140,000 in 2020 and recovered to AED 280,000 by February 2023.
  • At AED 280,000 a year the gross yield on the 2024 price is 5.1%, before a service charge of about AED 44,900 a year (AED 21.55 per sqft).
  • Three-beds in The Residences 1 (W3) sold for AED 7,050,000–20,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,958 per sqft.

Source: Dubai Land Department. Updated 14 June 2024.

Questions about 102, The Residences 1 (W3)

What did unit 102 last sell for?

AED 5,500,000 on 14 June 2024: AED 2,641 per sqft for 2,082 sqft. The unit has 2 registered sales; the first was AED 3,100,000 in September 2018.

What is the rent for unit 102?

AED 280,000 a year on the contract signed on 22 February 2023. The previous contract, from December 2021, was AED 180,000; the unit has been rented since July 2018.

How big is unit 102?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 1st floor of a 38-storey tower completed in 2007.

What is unit 102 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences 1 (W3) sold for AED 7,050,000 to 20,000,000 in the last 12 months, around AED 3,410 per sqft.

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Mortgage on 102, The Residences 1 (W3)

Starts from the last sale price (AED 5.5M, 14 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 5,500,000
Deposit, UAE resident (20%)
AED 1,100,000
Deposit, non-resident (40%)
AED 2,200,000
Monthly over 25 years at 3.7%
AED 22,502

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →