1701, The Residences 1 (W3)
Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1701, The Residences 1 (W3)
What is 1701 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 9 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 17th of 38
- Parking
- P-220
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,300 /yr
- Last sold
- AED 3.35M · May 2024
- Building
- The Residences 1 (W3)
About 1701, The Residences 1 (W3)
1701 is a two-bedroom apartment of 1,452 sqft on the 17th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 16 May 2024 for AED 3,350,000, or AED 2,307 per sqft, 5% below the AED 2,427 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 10 Ejari contracts. The current contract, renewed on 9 August 2026, is AED 190,000 a year: a gross yield of 5.7% on the 2024 price, before the service charge of about AED 31,300 a year.
Sales and rents for 1701 over time
1701 has sold 3 times; 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 1701 sits
All 69 2-beds →1701 last sold in May 2024 at AED 2,307 per sqft, 5% below what two-beds in The Residences 1 (W3) were fetching at the time (AED 2,427). 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. 1701's AED 190,000 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 17th floor
All 185 units in The Residences 1 (W3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1702 | 3-bed | 2,082 sqft | AED 2.05MAED 2,048,800 · Jun 2010June 2010 | 340,000 /yr | |
| 1703 | 2-bed | 1,629 sqft | AED 1.61MAED 1,606,800 · Sep 2010September 2010 | 220,000 /yr | |
| 1704 | 1-bed | 915 sqft | AED 759KAED 758,800 · Sep 2009September 2009 | 122,000 /yr | |
| 1705 | 1-bed | 1,046 sqft | AED 1.85MAED 1,850,000 · Dec 2023December 2023 | 130,000 /yr |
1701, The Residences 1 (W3) in numbers
- Sold 3 times: first on 12 April 2011 for AED 1,900,000, last on 16 May 2024 for AED 3,350,000 (AED 2,307 per sqft).
- Rented since August 2016 on 10 Ejari contracts. The rent fell from AED 144,374 to AED 90,000 in 2021 and recovered to AED 190,000 by August 2026.
- At AED 190,000 a year the gross yield on the 2024 price is 5.7%, 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 9 August 2026.
Questions about 1701, The Residences 1 (W3)
What did unit 1701 last sell for?
AED 3,350,000 on 16 May 2024: AED 2,307 per sqft for 1,452 sqft. The unit has 3 registered sales; the first was AED 1,900,000 in April 2011.
What is the rent for unit 1701?
AED 190,000 a year on the contract renewed on 9 August 2026. The previous contract, from August 2025, was AED 190,000; the unit has been rented since August 2016.
How big is unit 1701?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 17th floor of a 38-storey tower completed in 2007.
What is unit 1701 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.
Selling 1701? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1701, The Residences 1 (W3)
Starts from the last sale price (AED 3.35M, 16 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,350,000
- Deposit, UAE resident (20%)
- AED 670,000
- Deposit, non-resident (40%)
- AED 1,340,000
- Monthly over 25 years at 3.7%
- AED 13,706
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →