1601, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in December 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, The Residences 1 (W3)
What is 1601 worth today?
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Source: Dubai Land Department. Updated 3 July 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 16th of 38
- Parking
- P-216
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,300 /yr
- Last sold
- AED 584K · December 2009
- Building
- The Residences 1 (W3)
About 1601, The Residences 1 (W3)
1601 is a two-bedroom apartment of 1,452 sqft on the 16th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 7 December 2009 for AED 584,400, or AED 402 per sqft, 62% below the AED 1,060 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 14 Ejari contracts. The current contract, renewed on 3 July 2026, is AED 195,000 a year: a gross yield of 33.4% on the 2009 price, before the service charge of about AED 31,300 a year.
Sales and rents for 1601 over time
No registered sale of 1601; 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 1601 sits
All 69 2-beds →1601 last sold in December 2009 at AED 402 per sqft, 62% below what two-beds in The Residences 1 (W3) were fetching at the time (AED 1,060). 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. 1601's AED 195,000 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 16th floor
All 185 units in The Residences 1 (W3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | 3-bed | 2,082 sqft | AED 8MAED 8,000,000 · Sep 2013September 2013 | 200,000 /yr | |
| 1603 | 2-bed | 1,629 sqft | AED 4.25MAED 4,250,000 · Jul 2021July 2021 | 160,000 /yr | |
| 1604 | 1-bed | 915 sqft | AED 2.1MAED 2,100,000 · Feb 2024February 2024 | 100,000 /yr | |
| 1605 | 1-bed | 1,046 sqft | AED 1.08MAED 1,075,000 · Sep 2019September 2019 | 140,000 /yr |
1601, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 7 December 2009 for AED 584,400, or AED 402 per sqft.
- Rented since July 2013 on 14 Ejari contracts. The rent fell from AED 160,000 to AED 100,000 in 2021 and recovered to AED 195,000 by July 2026.
- At AED 195,000 a year the gross yield on the 2009 price is 33.4%, before a service charge of about AED 31,300 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 3 July 2026.
Questions about 1601, The Residences 1 (W3)
What did unit 1601 last sell for?
AED 584,400 on 7 December 2009, sold by the developer: AED 402 per sqft for 1,452 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 195,000 a year on the contract renewed on 3 July 2026. The previous contract, from July 2025, was AED 195,000; the unit has been rented since July 2013.
How big is unit 1601?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 16th floor of a 38-storey tower completed in 2007.
What is unit 1601 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 1601, The Residences 1 (W3)
Starts from the last sale price (AED 584K, 7 December 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 584,400
- Deposit, UAE resident (20%)
- AED 116,880
- Deposit, non-resident (40%)
- AED 233,760
- Monthly over 25 years at 3.7%
- AED 2,391
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →