Home
Dubai prices
About
Research
3-bed · 2,082 sqftThe Residences 1 (W3), Downtown Dubai · 14th floor · completed 2007

1402, The Residences 1 (W3)

Sold prices and rental history: sold 3 times, last in January 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 4 January 2017
Last soldAED 7.5M4 January 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1402

Property timeline for 1402, The Residences 1 (W3)

What is 1402 worth today?

Last sold for AED 7,500,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

4 Jan 2017SoldReady
AED 7,500,000AED 3,602 per sqft
2 Oct 2013SoldReady
AED 7,300,000AED 3,506 per sqft
8 Mar 2010Sold by developerReady
AED 2,006,800AED 963 per sqft

Source: Dubai Land Department. Updated 4 January 2017.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
14th of 38
Parking
G-624,G-625
Developer
Emaar
Completed
2007
Service charge
AED 44,900 /yr
Last sold
AED 7.5M · January 2017
Building
The Residences 1 (W3)

About 1402, The Residences 1 (W3)

1402 is a three-bedroom apartment of 2,082 sqft on the 14th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 4 January 2017 for AED 7,500,000, or AED 3,602 per sqft.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1402 over time

Sales
Unit 1402, 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, March 2010: AED 2,006,800 (AED 963 per sqft)Sold, October 2013: AED 7,300,000 (AED 3,506 per sqft)Sold, January 2017: AED 7,500,000 (AED 3,602 per sqft)

1402 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1402, 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 1402 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.

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 14th floor

All 185 units in The Residences 1 (W3)
Value
14012-bedAED 3.2M · Apr 2014
14032-bedAED 5.2M · Jan 2024
14041-bedAED 744K · Oct 2012
14051-bedAED 1.4M · Aug 2021

1402, The Residences 1 (W3) in numbers

  • Sold 3 times: first on 8 March 2010 for AED 2,006,800, last on 4 January 2017 for AED 7,500,000 (AED 3,602 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 4 January 2017.

Questions about 1402, The Residences 1 (W3)

What did unit 1402 last sell for?

AED 7,500,000 on 4 January 2017: AED 3,602 per sqft for 2,082 sqft. The unit has 3 registered sales; the first was AED 2,006,800 in March 2010.

How big is unit 1402?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 14th floor of a 38-storey tower completed in 2007.

What is unit 1402 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.

Selling 1402? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1402, The Residences 1 (W3)

Starts from the last sale price (AED 7.5M, 4 January 2017). Switch to today's estimate once you have unlocked it.
Price
AED 7,500,000
Deposit, UAE resident (20%)
AED 1,500,000
Deposit, non-resident (40%)
AED 3,000,000
Monthly over 25 years at 3.7%
AED 30,685

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