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2-bed · 1,629 sqftThe Residences 1 (W3), Downtown Dubai · 13th floor · completed 2007

1303, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in November 2010, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1303 · DLD and Ejari recordsUpdated 8 November 2010
Last soldAED 3.2M8 November 2010
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1303, The Residences 1 (W3)

What is 1303 worth today?

Last sold for AED 3,200,000 in 2010

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8 Nov 2010SoldReady
AED 3,200,000AED 1,964 per sqft
24 Jul 2008Sold by developerReady
AED 3,020,000AED 1,853 per sqft

Source: Dubai Land Department. Updated 8 November 2010.

Key facts

Type
2-bed apartment
Size
1,629 sqft
Floor
13th of 38
Parking
P-205
Developer
Emaar
Completed
2007
Service charge
AED 35,100 /yr
Last sold
AED 3.2M · November 2010
Building
The Residences 1 (W3)

About 1303, The Residences 1 (W3)

1303 is a two-bedroom apartment of 1,629 sqft on the 13th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 8 November 2010 for AED 3,200,000, or AED 1,964 per sqft, 93% above the AED 1,015 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1303 over time

Sales
Unit 1303, each saleTypical two-bed in The Residences 1 (W3)
2M4M2008201320182023Typical sale price by year: 2008 AED 1,348,800; 2009 AED 1,726,800; 2010 AED 1,624,800; 2011 AED 2,050,000; 2012 AED 2,375,000; 2013 AED 3,125,000; 2014 AED 4,500,000; 2015 AED 3,100,000; 2021 AED 3,600,000; 2023 AED 3,700,000; 2024 AED 3,425,000; 2025 AED 3,707,519; 2026 AED 3,850,000Sold by developer, July 2008: AED 3,020,000 (AED 1,853 per sqft)Sold, November 2010: AED 3,200,000 (AED 1,964 per sqft)

1303 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1303, each contractTypical two-bed in The Residences 1 (W3)
100K150K200K2012201620202024Typical rent by year: 2012 AED 175,000; 2013 AED 162,500; 2014 AED 177,500; 2015 AED 182,500; 2016 AED 176,875; 2017 AED 165,000; 2018 AED 155,000; 2019 AED 127,917; 2020 AED 110,750; 2021 AED 112,500; 2022 AED 138,432; 2023 AED 170,000; 2024 AED 180,000; 2025 AED 195,000; 2026 AED 185,500

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 1303 sits

All 69 2-beds →

1303 last sold in November 2010 at AED 1,964 per sqft, 93% above what two-beds in The Residences 1 (W3) were fetching at the time (AED 1,015). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Feb 20265,200,000
4 Feb 20263,850,000
30 Jan 20263,800,000
3 Jun 20253,765,037
3 2-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 13th floor

All 185 units in The Residences 1 (W3)
Value
13012-bedAED 1.15M · Aug 2008
13023-bedAED 7.5M · Jun 2013
13041-bedAED 1.3M · Jan 2012
13051-bedAED 1.29M · Apr 2021

1303, The Residences 1 (W3) in numbers

  • Sold twice: first on 24 July 2008 for AED 3,020,000, last on 8 November 2010 for AED 3,200,000 (AED 1,964 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 8 November 2010.

Questions about 1303, The Residences 1 (W3)

What did unit 1303 last sell for?

AED 3,200,000 on 8 November 2010: AED 1,964 per sqft for 1,629 sqft. The unit has 2 registered sales; the first was AED 3,020,000 in July 2008.

How big is unit 1303?

1,629 sqft (151.3 sqm): a two-bedroom apartment on the 13th floor of a 38-storey tower completed in 2007.

What is unit 1303 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 1303, The Residences 1 (W3)

Starts from the last sale price (AED 3.2M, 8 November 2010). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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