1702, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1702, The Residences 1 (W3)
What is 1702 worth today?
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Source: Dubai Land Department. Updated 10 October 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,082 sqft
- Floor
- 17th of 38
- Parking
- G-630,G-631
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 44,900 /yr
- Last sold
- AED 2.05M · June 2010
- Building
- The Residences 1 (W3)
About 1702, The Residences 1 (W3)
1702 is a three-bedroom apartment of 2,082 sqft on the 17th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 24 June 2010 for AED 2,048,800, or AED 984 per sqft, 6% below the AED 1,044 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 12 Ejari contracts. The current contract, signed on 10 October 2025, is AED 340,000 a year: a gross yield of 16.6% on the 2010 price, before the service charge of about AED 44,900 a year.
Sales and rents for 1702 over time
1702 has sold once; 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 1702 sits
All 40 3-beds →1702 last sold in June 2010 at AED 984 per sqft, 6% below what three-beds in The Residences 1 (W3) were fetching at the time (AED 1,044). 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. 1702's AED 340,000 is in the upper half 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 17th floor
All 185 units in The Residences 1 (W3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | 2-bed | 1,452 sqft | AED 3.35MAED 3,350,000 · May 2024May 2024 | 190,000 /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 |
1702, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 24 June 2010 for AED 2,048,800, or AED 984 per sqft.
- Rented since December 2012 on 12 Ejari contracts. The rent fell from AED 230,000 to AED 190,000 in 2020 and recovered to AED 340,000 by October 2025.
- At AED 340,000 a year the gross yield on the 2010 price is 16.6%, 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 10 October 2025.
Questions about 1702, The Residences 1 (W3)
What did unit 1702 last sell for?
AED 2,048,800 on 24 June 2010, sold by the developer: AED 984 per sqft for 2,082 sqft. It is the only registered sale of the unit.
What is the rent for unit 1702?
AED 340,000 a year on the contract signed on 10 October 2025. The previous contract, from October 2024, was AED 340,000; the unit has been rented since December 2012.
How big is unit 1702?
2,082 sqft (193.4 sqm): a three-bedroom apartment on the 17th floor of a 38-storey tower completed in 2007.
What is unit 1702 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 1702, The Residences 1 (W3)
Starts from the last sale price (AED 2.05M, 24 June 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 2,048,800
- Deposit, UAE resident (20%)
- AED 409,760
- Deposit, non-resident (40%)
- AED 819,520
- Monthly over 25 years at 3.7%
- AED 8,382
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →