1504, The Residences 1 (W3)
Sold prices and rental history: sold 4 times, last in December 2020, 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 1504, The Residences 1 (W3)
What is 1504 worth today?
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Source: Dubai Land Department. Updated 16 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 915 sqft
- Floor
- 15th of 38
- Parking
- P-214
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 19,700 /yr
- Last sold
- AED 1.25M · December 2020
- Building
- The Residences 1 (W3)
About 1504, The Residences 1 (W3)
1504 is a one-bedroom apartment of 915 sqft on the 15th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 20 December 2020 for AED 1,250,000, or AED 1,366 per sqft, in line with the AED 1,338 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 16 March 2025, is AED 125,600 a year: a gross yield of 10.1% on the 2020 price, before the service charge of about AED 19,700 a year.
Sales and rents for 1504 over time
1504 has sold 3 times; the dashed line is the one-bed median of each year in the building.
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 1504 sits
All 75 1-beds →1504 last sold in December 2020 at AED 1,366 per sqft, in line with what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,338). 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. 1504's AED 125,600 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Feb 202610 February 2026 | 1,046 sqft | 2,850,000 | 2,724 | ||
| 12 Jan 202612 January 2026 | 915 sqft | 2,300,000 | 2,513 | ||
| 7 Nov 20257 November 2025 | 1,046 sqft | 2,300,000 | 2,198 | ||
| 4 Sep 20254 September 2025 | 915 sqft | 2,600,000 | 2,841 |
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 15th floor
All 185 units in The Residences 1 (W3)1504, The Residences 1 (W3) in numbers
- Sold 4 times: first on 6 April 2010 for AED 374,400, last on 20 December 2020 for AED 1,250,000 (AED 1,366 per sqft).
- Rented since April 2014 on 10 Ejari contracts. The rent fell from AED 125,000 to AED 65,000 in 2020 and recovered to AED 125,600 by March 2025.
- At AED 125,600 a year the gross yield on the 2020 price is 10.1%, before a service charge of about AED 19,700 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 16 March 2025.
Questions about 1504, The Residences 1 (W3)
What did unit 1504 last sell for?
AED 1,250,000 on 20 December 2020: AED 1,366 per sqft for 915 sqft. The unit has 4 registered sales; the first was AED 374,400 in April 2010.
What is the rent for unit 1504?
AED 125,600 a year on the contract signed on 16 March 2025. The previous contract, from March 2025, was AED 125,600; the unit has been rented since April 2014.
How big is unit 1504?
915 sqft (85.0 sqm): a one-bedroom apartment on the 15th floor of a 38-storey tower completed in 2007.
What is unit 1504 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 1504, The Residences 1 (W3)
Starts from the last sale price (AED 1.25M, 20 December 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →