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1-bed · 1,512 sqftThe Residences 1 (W3), Downtown Dubai · 2nd floor · completed 2007

205, The Residences 1 (W3)

Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 205 · DLD and Ejari recordsUpdated 3 January 2024
Last soldAED 838K23 November 2008
Current rentAED 115K /yr3 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 205, The Residences 1 (W3)

What is 205 worth today?

Last sold for AED 837,888 in 2008

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3 Jan 2024RentedRenewal
AED 115,000/yr12 months · AED 76 per sqft
3 Jan 2023RentedRenewal
AED 115,000/yr12 months · AED 76 per sqft
3 Jan 2022RentedRenewal
AED 82,500/yr12 months · AED 55 per sqft
3 Jan 2021RentedRenewal
AED 82,500/yr12 months · AED 55 per sqft
3 Jan 2020RentedNew contract
AED 86,500/yr12 months · AED 57 per sqft
15 Sep 2019RentedRenewal
AED 110,000/yr12 months · AED 73 per sqft
15 Sep 2018RentedRenewal
AED 110,000/yr12 months · AED 73 per sqft
15 Sep 2017RentedNew contract
AED 120,000/yr12 months · AED 80 per sqft

Source: Dubai Land Department. Updated 3 January 2024.

Key facts

Type
1-bed apartment
Size
1,512 sqft
Floor
2nd of 38
Parking
L1-700
Developer
Emaar
Completed
2007
Service charge
AED 32,600 /yr
Last sold
AED 838K · November 2008
Building
The Residences 1 (W3)

About 205, The Residences 1 (W3)

205 is a one-bedroom apartment of 1,512 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 23 November 2008 for AED 837,888, or AED 554 per sqft, 53% below the AED 1,175 one-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 3 January 2024, is AED 115,000 a year: a gross yield of 13.7% on the 2008 price, before the service charge of about AED 32,600 a year.

Sales and rents for 205 over time

Sales
Unit 205, 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 2,360,000

No registered sale of 205; the dashed line is the one-bed median of each year in the building.

Rents
Unit 205, 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 120,000New contract, June 2016: AED 115,000 a yearNew contract, September 2017: AED 120,000 a yearRenewal, September 2018: AED 110,000 a yearRenewal, September 2019: AED 110,000 a yearNew contract, January 2020: AED 86,500 a yearRenewal, January 2021: AED 82,500 a yearRenewal, January 2022: AED 82,500 a yearRenewal, January 2023: AED 115,000 a yearRenewal, January 2024: AED 115,000 a year

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 205 sits

All 75 1-beds →

205 last sold in November 2008 at AED 554 per sqft, 53% below what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,175). 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. 205's AED 115,000 is in the lower half of that range.

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
2031-bedAED 2.2M · Jul 2012
2041-bedAED 977K · Jun 2009

205, The Residences 1 (W3) in numbers

  • Sold once: by Emaar on 23 November 2008 for AED 837,888, or AED 554 per sqft.
  • Rented since June 2016 on 9 Ejari contracts. The rent fell from AED 115,000 to AED 82,500 in 2022 and recovered to AED 115,000 by January 2024.
  • At AED 115,000 a year the gross yield on the 2008 price is 13.7%, before a service charge of about AED 32,600 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 3 January 2024.

Questions about 205, The Residences 1 (W3)

What did unit 205 last sell for?

AED 837,888 on 23 November 2008, sold by the developer: AED 554 per sqft for 1,512 sqft. It is the only registered sale of the unit.

What is the rent for unit 205?

AED 115,000 a year on the contract renewed on 3 January 2024. The previous contract, from January 2023, was AED 115,000; the unit has been rented since June 2016.

How big is unit 205?

1,512 sqft (140.5 sqm): a one-bedroom apartment on the 2nd floor of a 38-storey tower completed in 2007.

What is unit 205 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 205, The Residences 1 (W3)

Starts from the last sale price (AED 838K, 23 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 837,888
Deposit, UAE resident (20%)
AED 167,578
Deposit, non-resident (40%)
AED 335,155
Monthly over 25 years at 3.7%
AED 3,428

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