2-bed · 1,452 sqftThe Residences 1 (W3), Downtown Dubai · 23rd floor · completed 2007

2301, The Residences 1 (W3)

Sold prices and rental history: sold 3 times, last in January 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2301 · DLD and Ejari recordsUpdated 11 January 2016
Last soldAED 3.2M11 January 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2301, The Residences 1 (W3)

What is 2301 worth today?

Last sold for AED 3,200,000 in 2016

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11 Jan 2016SoldReady
AED 3,200,000AED 2,203 per sqft
17 Jun 2015SoldReady
AED 3,100,000AED 2,134 per sqft
12 Feb 2015Sold by developerReady
AED 1,210,800AED 833 per sqft

Source: Dubai Land Department. Updated 11 January 2016.

Key facts

Type
2-bed apartment
Size
1,452 sqft
Floor
23rd of 38
Parking
L1-705
Developer
Emaar
Completed
2007
Service charge
AED 31,300 /yr
Last sold
AED 3.2M · January 2016

About 2301, The Residences 1 (W3)

2301 is a two-bedroom apartment of 1,452 sqft on the 23rd floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 11 January 2016 for AED 3,200,000, or AED 2,203 per sqft, in line with the AED 2,169 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2301 over time

Sales
Unit 2301, each saleTypical two-bed in The Residences 1 (W3)
2M4M2008201320182023Typical sale price by year: 2008 AED 1,348,800; 2009 AED 1,726,800; 2010 AED 1,624,800; 2011 AED 2,050,000; 2012 AED 2,375,000; 2013 AED 3,125,000; 2014 AED 4,500,000; 2015 AED 3,100,000; 2021 AED 3,600,000; 2023 AED 3,700,000; 2024 AED 3,425,000; 2025 AED 3,707,519; 2026 AED 3,850,000Sold by developer, February 2015: AED 1,210,800 (AED 833 per sqft)Sold, June 2015: AED 3,100,000 (AED 2,134 per sqft)Sold, January 2016: AED 3,200,000 (AED 2,203 per sqft)

2301 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2301, each contractTypical two-bed in The Residences 1 (W3)
100K150K200K2012201620202024Typical rent by year: 2012 AED 175,000; 2013 AED 162,500; 2014 AED 177,500; 2015 AED 182,500; 2016 AED 176,875; 2017 AED 165,000; 2018 AED 155,000; 2019 AED 127,917; 2020 AED 110,750; 2021 AED 112,500; 2022 AED 138,432; 2023 AED 170,000; 2024 AED 180,000; 2025 AED 195,000; 2026 AED 185,500

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 2301 sits

All 69 2-beds →

2301 last sold in January 2016 at AED 2,203 per sqft, in line with what two-beds in The Residences 1 (W3) were fetching at the time (AED 2,169). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Feb 20265,200,000
4 Feb 20263,850,000
30 Jan 20263,800,000
3 Jun 20253,765,037
3 2-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 23rd floor

All 185 units in The Residences 1 (W3)
Value
23023-bedAED 2.13M · Aug 2010
23032-bedAED 6.31M · Jan 2014
23041-bedAED 1M · Nov 2008
23051-bedAED 1.9M · Jun 2024

2301, The Residences 1 (W3) in numbers

  • Sold 3 times: first on 12 February 2015 for AED 1,210,800, last on 11 January 2016 for AED 3,200,000 (AED 2,203 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 11 January 2016.

Questions about 2301, The Residences 1 (W3)

What did unit 2301 last sell for?

AED 3,200,000 on 11 January 2016: AED 2,203 per sqft for 1,452 sqft. The unit has 3 registered sales; the first was AED 1,210,800 in February 2015.

How big is unit 2301?

1,452 sqft (134.9 sqm): a two-bedroom apartment on the 23rd floor of a 38-storey tower completed in 2007.

What is unit 2301 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 2301, The Residences 1 (W3)

Starts from the last sale price (AED 3.2M, 11 January 2016). Switch to today's estimate once you have unlocked it.
Price
AED 3,200,000
Deposit, UAE resident (20%)
AED 640,000
Deposit, non-resident (40%)
AED 1,280,000
Monthly over 25 years at 3.7%
AED 13,092

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