1403, The Residences 1 (W3)
Sold prices and rental history: sold twice, last in January 2024, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1403, The Residences 1 (W3)
What is 1403 worth today?
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Source: Dubai Land Department. Updated 12 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,629 sqft
- Floor
- 14th of 38
- Parking
- P-209
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 35,100 /yr
- Last sold
- AED 5.2M · January 2024
- Building
- The Residences 1 (W3)
About 1403, The Residences 1 (W3)
1403 is a two-bedroom apartment of 1,629 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 19 January 2024 for AED 5,200,000, or AED 3,192 per sqft, 15% above the AED 2,777 two-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, renewed on 12 September 2024, is AED 191,063 a year: a gross yield of 3.7% on the 2024 price, before the service charge of about AED 35,100 a year.
Sales and rents for 1403 over time
1403 has sold twice; 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 1403 sits
All 69 2-beds →1403 last sold in January 2024 at AED 3,192 per sqft, 15% above what two-beds in The Residences 1 (W3) were fetching at the time (AED 2,777). 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. 1403's AED 191,063 is in the lower 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 14th floor
All 185 units in The Residences 1 (W3)1403, The Residences 1 (W3) in numbers
- Sold twice: first on 10 May 2021 for AED 3,400,000, last on 19 January 2024 for AED 5,200,000 (AED 3,192 per sqft).
- Rented since September 2021 on 4 Ejari contracts, from AED 170,000 to AED 191,063 a year.
- At AED 191,063 a year the gross yield on the 2024 price is 3.7%, 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 12 September 2024.
Questions about 1403, The Residences 1 (W3)
What did unit 1403 last sell for?
AED 5,200,000 on 19 January 2024: AED 3,192 per sqft for 1,629 sqft. The unit has 2 registered sales; the first was AED 3,400,000 in May 2021.
What is the rent for unit 1403?
AED 191,063 a year on the contract renewed on 12 September 2024. The previous contract, from September 2023, was AED 190,000; the unit has been rented since September 2021.
How big is unit 1403?
1,629 sqft (151.3 sqm): a two-bedroom apartment on the 14th floor of a 38-storey tower completed in 2007.
What is unit 1403 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 1403, The Residences 1 (W3)
Starts from the last sale price (AED 5.2M, 19 January 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,200,000
- Deposit, UAE resident (20%)
- AED 1,040,000
- Deposit, non-resident (40%)
- AED 2,080,000
- Monthly over 25 years at 3.7%
- AED 21,275
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →