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3-bed · 2,082 sqftThe Residences 1 (W3), Downtown Dubai · 12th floor · completed 2007

1202, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in March 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 20 March 2012
Last soldAED 5.3M20 March 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1202, The Residences 1 (W3)

What is 1202 worth today?

Last sold for AED 5,300,000 in 2012

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20 Mar 2012SoldReady
AED 5,300,000AED 2,545 per sqft
6 Sep 2010Sold by developerReady
AED 1,978,800AED 950 per sqft

Source: Dubai Land Department. Updated 20 March 2012.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
12th of 38
Parking
G-609,G-610
Developer
Emaar
Completed
2007
Service charge
AED 44,900 /yr
Last sold
AED 5.3M · March 2012
Building
The Residences 1 (W3)

About 1202, The Residences 1 (W3)

1202 is a three-bedroom apartment of 2,082 sqft on the 12th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 20 March 2012 for AED 5,300,000, or AED 2,545 per sqft, 117% above the AED 1,171 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1202 over time

Sales
Unit 1202, 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 2010: AED 1,978,800 (AED 950 per sqft)Sold, March 2012: AED 5,300,000 (AED 2,545 per sqft)

1202 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1202, 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 292,500

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 1202 sits

All 40 3-beds →

1202 last sold in March 2012 at AED 2,545 per sqft, 117% above what three-beds in The Residences 1 (W3) were fetching at the time (AED 1,171). 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.

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 12th floor

All 185 units in The Residences 1 (W3)
Value
12012-bedAED 1.14M · Sep 2010
12032-bedAED 1.55M · Sep 2009
12041-bedAED 1.18M · Aug 2020
12051-bedAED 679K · Sep 2010

1202, The Residences 1 (W3) in numbers

  • Sold twice: first on 6 September 2010 for AED 1,978,800, last on 20 March 2012 for AED 5,300,000 (AED 2,545 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 20 March 2012.

Questions about 1202, The Residences 1 (W3)

What did unit 1202 last sell for?

AED 5,300,000 on 20 March 2012: AED 2,545 per sqft for 2,082 sqft. The unit has 2 registered sales; the first was AED 1,978,800 in September 2010.

How big is unit 1202?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 12th floor of a 38-storey tower completed in 2007.

What is unit 1202 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 1202, The Residences 1 (W3)

Starts from the last sale price (AED 5.3M, 20 March 2012). Switch to today's estimate once you have unlocked it.
Price
AED 5,300,000
Deposit, UAE resident (20%)
AED 1,060,000
Deposit, non-resident (40%)
AED 2,120,000
Monthly over 25 years at 3.7%
AED 21,684

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