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1-bed · 1,318 sqftThe Residences 1 (W3), Downtown Dubai · 2nd floor · completed 2007

203, The Residences 1 (W3)

Sold prices and rental history: sold once, by the developer in July 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 24 July 2012
Last soldAED 2.2M24 July 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, The Residences 1 (W3)

What is 203 worth today?

Last sold for AED 2,200,000 in 2012

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24 Jul 2012Sold by developerReady
AED 2,200,000AED 1,669 per sqft

Source: Dubai Land Department. Updated 24 July 2012.

Key facts

Type
1-bed apartment
Size
1,318 sqft
Floor
2nd of 38
Parking
B2-524
Developer
Emaar
Completed
2007
Service charge
AED 28,400 /yr
Last sold
AED 2.2M · July 2012
Building
The Residences 1 (W3)

About 203, The Residences 1 (W3)

203 is a one-bedroom apartment of 1,318 sqft on the 2nd floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 24 July 2012 for AED 2,200,000, or AED 1,669 per sqft, 24% above the AED 1,346 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical one-bed in The Residences 1 (W3)
1M2M2008201320182023Typical sale price by year: 2008 AED 1,050,000; 2009 AED 1,146,535; 2010 AED 725,800; 2011 AED 1,030,000; 2012 AED 1,362,500; 2013 AED 1,712,500; 2014 AED 2,175,000; 2015 AED 2,047,500; 2016 AED 1,937,500; 2020 AED 1,225,000; 2021 AED 1,400,000; 2022 AED 1,502,444; 2023 AED 1,845,000; 2024 AED 2,000,000; 2025 AED 2,360,000Sold by developer, July 2012: AED 2,200,000 (AED 1,669 per sqft)

203 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 203, each contractTypical one-bed in The Residences 1 (W3)
75K100K125K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 100,000; 2014 AED 119,000; 2015 AED 123,750; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 96,000; 2019 AED 90,000; 2020 AED 75,000; 2021 AED 77,000; 2022 AED 84,000; 2023 AED 104,706; 2024 AED 115,000; 2025 AED 125,000; 2026 AED 120,000

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 203 sits

All 75 1-beds →

203 last sold in July 2012 at AED 1,669 per sqft, 24% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,346). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Feb 20262,850,000
12 Jan 20262,300,000
7 Nov 20252,300,000
4 Sep 20252,600,000
2 1-bed sales in the last 12 months

The Residences 1 (W3)

Building

185 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%
The Residences 1 (W3), Downtown Dubai: prices, sales and rents →

Other units on the 2nd floor

All 185 units in The Residences 1 (W3)
Value
2012-bedAED 1.27M · Jan 2011
2023-bedAED 4.25M · Apr 2011
2041-bedAED 977K · Jun 2009
2051-bedAED 838K · Nov 2008

203, The Residences 1 (W3) in numbers

  • Sold once: by Emaar on 24 July 2012 for AED 2,200,000, or AED 1,669 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 24 July 2012.

Questions about 203, The Residences 1 (W3)

What did unit 203 last sell for?

AED 2,200,000 on 24 July 2012, sold by the developer: AED 1,669 per sqft for 1,318 sqft. It is the only registered sale of the unit.

How big is unit 203?

1,318 sqft (122.4 sqm): a one-bedroom apartment on the 2nd floor of a 38-storey tower completed in 2007.

What is unit 203 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 203, The Residences 1 (W3)

Starts from the last sale price (AED 2.2M, 24 July 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,200,000
Deposit, UAE resident (20%)
AED 440,000
Deposit, non-resident (40%)
AED 880,000
Monthly over 25 years at 3.7%
AED 9,001

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →