2304, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2304, The Residences 1 (W3)
What is 2304 worth today?
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Source: Dubai Land Department. Updated 15 November 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 915 sqft
- Floor
- 23rd of 38
- Parking
- L1-707
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 19,700 /yr
- Last sold
- AED 1M · November 2008
- Building
- The Residences 1 (W3)
About 2304, The Residences 1 (W3)
2304 is a one-bedroom apartment of 915 sqft on the 23rd floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 24 November 2008 for AED 1,000,000, or AED 1,092 per sqft, 5% below the AED 1,147 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 12 Ejari contracts. The current contract, renewed on 15 November 2025, is AED 125,000 a year: a gross yield of 12.5% on the 2008 price, before the service charge of about AED 19,700 a year.
Sales and rents for 2304 over time
2304 has sold once; the dashed line is the one-bed median of each year in the building.
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 2304 sits
All 75 1-beds →2304 last sold in November 2008 at AED 1,092 per sqft, 5% below what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,147). 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. 2304's AED 125,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Feb 202610 February 2026 | 1,046 sqft | 2,850,000 | 2,724 | ||
| 12 Jan 202612 January 2026 | 915 sqft | 2,300,000 | 2,513 | ||
| 7 Nov 20257 November 2025 | 1,046 sqft | 2,300,000 | 2,198 | ||
| 4 Sep 20254 September 2025 | 915 sqft | 2,600,000 | 2,841 |
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 23rd floor
All 185 units in The Residences 1 (W3)2304, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 24 November 2008 for AED 1,000,000, or AED 1,092 per sqft.
- Rented since October 2013 on 12 Ejari contracts. The rent fell from AED 110,000 to AED 70,000 in 2020 and recovered to AED 125,000 by November 2025.
- At AED 125,000 a year the gross yield on the 2008 price is 12.5%, before a service charge of about AED 19,700 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 15 November 2025.
Questions about 2304, The Residences 1 (W3)
What did unit 2304 last sell for?
AED 1,000,000 on 24 November 2008, sold by the developer: AED 1,092 per sqft for 915 sqft. It is the only registered sale of the unit.
What is the rent for unit 2304?
AED 125,000 a year on the contract renewed on 15 November 2025. The previous contract, from November 2024, was AED 122,000; the unit has been rented since October 2013.
How big is unit 2304?
915 sqft (85.0 sqm): a one-bedroom apartment on the 23rd floor of a 38-storey tower completed in 2007.
What is unit 2304 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 2304, The Residences 1 (W3)
Starts from the last sale price (AED 1M, 24 November 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →