1703, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in September 2010, 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 1703, The Residences 1 (W3)
What is 1703 worth today?
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Source: Dubai Land Department. Updated 1 June 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,629 sqft
- Floor
- 17th of 38
- Parking
- P-221
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 35,100 /yr
- Last sold
- AED 1.61M · September 2010
- Building
- The Residences 1 (W3)
About 1703, The Residences 1 (W3)
1703 is a two-bedroom apartment of 1,629 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 7 September 2010 for AED 1,606,800, or AED 986 per sqft, 6% below the AED 1,052 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 1 June 2024, is AED 220,000 a year: a gross yield of 13.7% on the 2010 price, before the service charge of about AED 35,100 a year.
Sales and rents for 1703 over time
1703 has sold once; 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 1703 sits
All 69 2-beds →1703 last sold in September 2010 at AED 986 per sqft, 6% below what two-beds in The Residences 1 (W3) were fetching at the time (AED 1,052). 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. 1703's AED 220,000 is in the upper 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 | |||||
|---|---|---|---|---|---|
| 1701 | 2-bed | 1,452 sqft | AED 3.35MAED 3,350,000 · May 2024May 2024 | 190,000 /yr | |
| 1702 | 3-bed | 2,082 sqft | AED 2.05MAED 2,048,800 · Jun 2010June 2010 | 340,000 /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 |
1703, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 7 September 2010 for AED 1,606,800, or AED 986 per sqft.
- Rented since February 2014 on 4 Ejari contracts, from AED 230,000 to AED 220,000 a year.
- At AED 220,000 a year the gross yield on the 2010 price is 13.7%, before a service charge of about AED 35,100 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 1 June 2024.
Questions about 1703, The Residences 1 (W3)
What did unit 1703 last sell for?
AED 1,606,800 on 7 September 2010, sold by the developer: AED 986 per sqft for 1,629 sqft. It is the only registered sale of the unit.
What is the rent for unit 1703?
AED 220,000 a year on the contract signed on 1 June 2024. The previous contract, from May 2017, was AED 240,000; the unit has been rented since February 2014.
How big is unit 1703?
1,629 sqft (151.3 sqm): a two-bedroom apartment on the 17th floor of a 38-storey tower completed in 2007.
What is unit 1703 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 1703, The Residences 1 (W3)
Starts from the last sale price (AED 1.61M, 7 September 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,606,800
- Deposit, UAE resident (20%)
- AED 321,360
- Deposit, non-resident (40%)
- AED 642,720
- Monthly over 25 years at 3.7%
- AED 6,574
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →