1602, The Residences 1 (W3)
Sold prices and rental history: sold 3 times, last in September 2013, and rented once, from September 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1602, The Residences 1 (W3)
What is 1602 worth today?
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Source: Dubai Land Department. Updated 12 September 2013.
Key facts
- Type
- 3-bed apartment
- Size
- 2,082 sqft
- Floor
- 16th of 38
- Parking
- G-628,G-629
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 44,900 /yr
- Last sold
- AED 8M · September 2013
- Building
- The Residences 1 (W3)
About 1602, The Residences 1 (W3)
1602 is a three-bedroom apartment of 2,082 sqft on the 16th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 12 September 2013 for AED 8,000,000, or AED 3,842 per sqft, 7% above the AED 3,602 three-beds in the building were fetching at the time.
One Ejari contract is registered, from 30 September 2012. The current contract, signed on 30 September 2012, is AED 200,000 a year: a gross yield of 2.5% on the 2013 price, before the service charge of about AED 44,900 a year.
Sales and rents for 1602 over time
1602 has sold 3 times; the dashed line is the three-bed median of each year in the building.
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 1602 sits
All 40 3-beds →1602 last sold in September 2013 at AED 3,842 per sqft, 7% above what three-beds in The Residences 1 (W3) were fetching at the time (AED 3,602). 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. 1602's AED 200,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Sep 202617 September 2026 | 2,082 sqft | 7,050,000 | 3,386 | ||
| 28 Jan 202628 January 2026 | 2,082 sqft | 7,100,000 | 3,410 | ||
| 14 Jan 202614 January 2026 | 3,289 sqft | 20,000,000 | 6,080 | ||
| 15 Sep 202515 September 2025 | 2,082 sqft | 7,300,000 | 3,506 |
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 | |||||
|---|---|---|---|---|---|
| 1601 | 2-bed | 1,452 sqft | AED 584KAED 584,400 · Dec 2009December 2009 | 195,000 /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 |
1602, The Residences 1 (W3) in numbers
- Sold 3 times: first on 6 August 2008 for AED 3,250,000, last on 12 September 2013 for AED 8,000,000 (AED 3,842 per sqft).
- Rented since September 2012 on one Ejari contract, at AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2013 price is 2.5%, before a service charge of about AED 44,900 a year (AED 21.55 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 12 September 2013.
Questions about 1602, The Residences 1 (W3)
What did unit 1602 last sell for?
AED 8,000,000 on 12 September 2013: AED 3,842 per sqft for 2,082 sqft. The unit has 3 registered sales; the first was AED 3,250,000 in August 2008.
What is the rent for unit 1602?
AED 200,000 a year on the contract signed on 30 September 2012.
How big is unit 1602?
2,082 sqft (193.4 sqm): a three-bedroom apartment on the 16th floor of a 38-storey tower completed in 2007.
What is unit 1602 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.
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Mortgage on 1602, The Residences 1 (W3)
Starts from the last sale price (AED 8M, 12 September 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 8,000,000
- Deposit, UAE resident (20%)
- AED 1,600,000
- Deposit, non-resident (40%)
- AED 3,200,000
- Monthly over 25 years at 3.7%
- AED 32,730
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →