1-bed · 1,046 sqftThe Residences 1 (W3), Downtown Dubai · 12th floor · completed 2007

1205, The Residences 1 (W3)

Sold prices and rental history: sold once, by the developer in September 2010, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1205 · DLD and Ejari recordsUpdated 12 March 2020
Last soldAED 679K6 September 2010
Current rentAED 79K /yr12 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1205, The Residences 1 (W3)

What is 1205 worth today?

Last sold for AED 678,800 in 2010

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12 Mar 2020RentedNew contract
AED 79,000/yr12 months · AED 76 per sqft
1 Aug 2019RentedNew contract
AED 80,000/yr12 months · AED 77 per sqft
24 Oct 2018RentedNew contract
AED 87,500/yr12 months · AED 84 per sqft
26 May 2016RentedNew contract
AED 115,000/yr12 months · AED 110 per sqft
7 May 2015RentedNew contract
AED 130,000/yr12 months · AED 125 per sqft
6 Sep 2010Sold by developerReady
AED 678,800AED 648 per sqft

Source: Dubai Land Department. Updated 12 March 2020.

Key facts

Type
1-bed apartment
Size
1,046 sqft
Floor
12th of 38
Parking
P-82
Developer
Emaar
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 679K · September 2010

About 1205, The Residences 1 (W3)

1205 is a one-bedroom apartment of 1,046 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 6 September 2010 for AED 678,800, or AED 648 per sqft, 22% below the AED 830 one-beds in the building were fetching at the time.

It has been rented continuously since 2015 on 5 Ejari contracts. The current contract, signed on 12 March 2020, is AED 79,000 a year: a gross yield of 11.6% on the 2010 price, before the service charge of about AED 22,500 a year.

Sales and rents for 1205 over time

Sales
Unit 1205, each saleTypical one-bed in The Residences 1 (W3)
1M2M2008201320182023Typical sale price by year: 2008 AED 1,050,000; 2009 AED 1,146,535; 2010 AED 725,800; 2011 AED 1,030,000; 2012 AED 1,362,500; 2013 AED 1,712,500; 2014 AED 2,175,000; 2015 AED 2,047,500; 2016 AED 1,937,500; 2020 AED 1,225,000; 2021 AED 1,400,000; 2022 AED 1,502,444; 2023 AED 1,845,000; 2024 AED 2,000,000; 2025 AED 2,360,000Sold by developer, September 2010: AED 678,800 (AED 648 per sqft)

1205 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1205, each contractTypical one-bed in The Residences 1 (W3)
75K100K125K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 100,000; 2014 AED 119,000; 2015 AED 123,750; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 96,000; 2019 AED 90,000; 2020 AED 75,000; 2021 AED 77,000; 2022 AED 84,000; 2023 AED 104,706; 2024 AED 115,000; 2025 AED 125,000; 2026 AED 120,000New contract, May 2015: AED 130,000 a yearNew contract, May 2016: AED 115,000 a yearNew contract, October 2018: AED 87,500 a yearNew contract, August 2019: AED 80,000 a yearNew contract, March 2020: AED 79,000 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 1 (W3), and where 1205 sits

All 75 1-beds →

1205 last sold in September 2010 at AED 648 per sqft, 22% below what one-beds in The Residences 1 (W3) were fetching at the time (AED 830). Over the last 12 months one-beds sold for AED 2,300,000 to 2,850,000, around AED 2,619 per sqft, and rent for AED 90,000 to 160,000 a year. 1205's AED 79,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Feb 20262,850,000
12 Jan 20262,300,000
7 Nov 20252,300,000
4 Sep 20252,600,000
2 1-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
12023-bedAED 5.3M · Mar 2012
12032-bedAED 1.55M · Sep 2009
12041-bedAED 1.18M · Aug 2020

1205, The Residences 1 (W3) in numbers

  • Sold once: by Emaar on 6 September 2010 for AED 678,800, or AED 648 per sqft.
  • Rented since May 2015 on 5 Ejari contracts, from AED 130,000 to AED 79,000 a year.
  • At AED 79,000 a year the gross yield on the 2010 price is 11.6%, before a service charge of about AED 22,500 a year (AED 21.55 per sqft).
  • One-beds in The Residences 1 (W3) sold for AED 2,300,000–2,850,000 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 12 March 2020.

Questions about 1205, The Residences 1 (W3)

What did unit 1205 last sell for?

AED 678,800 on 6 September 2010, sold by the developer: AED 648 per sqft for 1,046 sqft. It is the only registered sale of the unit.

What is the rent for unit 1205?

AED 79,000 a year on the contract signed on 12 March 2020. The previous contract, from August 2019, was AED 80,000; the unit has been rented since May 2015.

How big is unit 1205?

1,046 sqft (97.2 sqm): a one-bedroom apartment on the 12th floor of a 38-storey tower completed in 2007.

What is unit 1205 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 1 (W3) sold for AED 2,300,000 to 2,850,000 in the last 12 months, around AED 2,619 per sqft.

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Mortgage on 1205, The Residences 1 (W3)

Starts from the last sale price (AED 679K, 6 September 2010). Switch to today's estimate once you have unlocked it.
Price
AED 678,800
Deposit, UAE resident (20%)
AED 135,760
Deposit, non-resident (40%)
AED 271,520
Monthly over 25 years at 3.7%
AED 2,777

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