1203, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in September 2009, 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 1203, The Residences 1 (W3)
What is 1203 worth today?
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Source: Dubai Land Department. Updated 1 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,629 sqft
- Floor
- 12th of 38
- Parking
- P-80
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 35,100 /yr
- Last sold
- AED 1.55M · September 2009
- Building
- The Residences 1 (W3)
About 1203, The Residences 1 (W3)
1203 is a two-bedroom apartment of 1,629 sqft on the 12th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 7 September 2009 for AED 1,546,800, or AED 949 per sqft, 7% above the AED 890 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 1 September 2026, is AED 250,000 a year: a gross yield of 16.2% on the 2009 price, before the service charge of about AED 35,100 a year.
Sales and rents for 1203 over time
1203 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Residences 1 (W3), and where 1203 sits
All 69 2-beds →1203 last sold in September 2009 at AED 949 per sqft, 7% above what two-beds in The Residences 1 (W3) were fetching at the time (AED 890). Over the last 12 months two-beds sold for AED 3,800,000 to 5,200,000, around AED 2,651 per sqft, and rent for AED 156,839 to 280,000 a year. 1203's AED 250,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Feb 20269 February 2026 | 1,629 sqft | 5,200,000 | 3,192 | ||
| 4 Feb 20264 February 2026 | 1,452 sqft | 3,850,000 | 2,651 | ||
| 30 Jan 202630 January 2026 | 1,452 sqft | 3,800,000 | 2,616 | ||
| 3 Jun 20253 June 2025 | 1,629 sqft | 3,765,037 | 2,311 |
The Residences 1 (W3)
Building185 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%
Other units on the 12th floor
All 185 units in The Residences 1 (W3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,452 sqft | AED 1.14MAED 1,144,800 · Sep 2010September 2010 | 175,000 /yr | |
| 1202 | 3-bed | 2,082 sqft | AED 5.3MAED 5,300,000 · Mar 2012March 2012 | ||
| 1204 | 1-bed | 915 sqft | AED 1.18MAED 1,180,000 · Aug 2020August 2020 | 150,000 /yr | |
| 1205 | 1-bed | 1,046 sqft | AED 679KAED 678,800 · Sep 2010September 2010 | 79,000 /yr |
1203, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 7 September 2009 for AED 1,546,800, or AED 949 per sqft.
- Rented since July 2014 on 10 Ejari contracts. The rent fell from AED 260,000 to AED 135,000 in 2022 and recovered to AED 250,000 by September 2026.
- At AED 250,000 a year the gross yield on the 2009 price is 16.2%, before a service charge of about AED 35,100 a year (AED 21.55 per sqft).
- Two-beds in The Residences 1 (W3) sold for AED 3,800,000–5,200,000 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 1 September 2026.
Questions about 1203, The Residences 1 (W3)
What did unit 1203 last sell for?
AED 1,546,800 on 7 September 2009, sold by the developer: AED 949 per sqft for 1,629 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 250,000 a year on the contract renewed on 1 September 2026. The previous contract, from September 2025, was AED 265,000; the unit has been rented since July 2014.
How big is unit 1203?
1,629 sqft (151.3 sqm): a two-bedroom apartment on the 12th floor of a 38-storey tower completed in 2007.
What is unit 1203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences 1 (W3) sold for AED 3,800,000 to 5,200,000 in the last 12 months, around AED 2,651 per sqft.
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Mortgage on 1203, The Residences 1 (W3)
Starts from the last sale price (AED 1.55M, 7 September 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,546,800
- Deposit, UAE resident (20%)
- AED 309,360
- Deposit, non-resident (40%)
- AED 618,720
- Monthly over 25 years at 3.7%
- AED 6,328
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →