1604, The Residences 1 (W3)
Sold prices and rental history: sold 4 times, last in February 2024, 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 1604, The Residences 1 (W3)
What is 1604 worth today?
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Source: Dubai Land Department. Updated 19 February 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 915 sqft
- Floor
- 16th of 38
- Parking
- P-218
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 19,700 /yr
- Last sold
- AED 2.1M · February 2024
- Building
- The Residences 1 (W3)
About 1604, The Residences 1 (W3)
1604 is a one-bedroom apartment of 915 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 19 February 2024 for AED 2,100,000, or AED 2,294 per sqft, 30% above the AED 1,768 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 27 June 2023, is AED 100,000 a year: a gross yield of 4.8% on the 2024 price, before the service charge of about AED 19,700 a year.
Sales and rents for 1604 over time
1604 has sold 4 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 1604 sits
All 75 1-beds →1604 last sold in February 2024 at AED 2,294 per sqft, 30% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,768). 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. 1604's AED 100,000 is in the lower 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 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 | |
| 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 | |
| 1605 | 1-bed | 1,046 sqft | AED 1.08MAED 1,075,000 · Sep 2019September 2019 | 140,000 /yr |
1604, The Residences 1 (W3) in numbers
- Sold 4 times: first on 26 July 2010 for AED 1,240,000, last on 19 February 2024 for AED 2,100,000 (AED 2,294 per sqft).
- Rented since September 2014 on 8 Ejari contracts. The rent fell from AED 89,250 to AED 60,000 in 2021 and recovered to AED 100,000 by June 2023.
- At AED 100,000 a year the gross yield on the 2024 price is 4.8%, 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 19 February 2024.
Questions about 1604, The Residences 1 (W3)
What did unit 1604 last sell for?
AED 2,100,000 on 19 February 2024: AED 2,294 per sqft for 915 sqft. The unit has 4 registered sales; the first was AED 1,240,000 in July 2010.
What is the rent for unit 1604?
AED 100,000 a year on the contract renewed on 27 June 2023. The previous contract, from June 2022, was AED 95,000; the unit has been rented since September 2014.
How big is unit 1604?
915 sqft (85.0 sqm): a one-bedroom apartment on the 16th floor of a 38-storey tower completed in 2007.
What is unit 1604 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 1604, The Residences 1 (W3)
Starts from the last sale price (AED 2.1M, 19 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 2,100,000
- Deposit, UAE resident (20%)
- AED 420,000
- Deposit, non-resident (40%)
- AED 840,000
- Monthly over 25 years at 3.7%
- AED 8,592
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →