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1-bed · 1,046 sqftThe Residences 1 (W3), Downtown Dubai · 23rd floor · completed 2007

2305, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in June 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2305 · DLD and Ejari recordsUpdated 13 June 2024
Last soldAED 1.9M13 June 2024
Current rentAED 67K /yr10 May 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2305, The Residences 1 (W3)

What is 2305 worth today?

Last sold for AED 1,900,000 in 2024

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13 Jun 2024SoldReady
AED 1,900,000AED 1,816 per sqft
10 May 2021RentedNew contract
AED 67,000/yr12 months · AED 64 per sqft
10 Aug 2020RentedNew contract
AED 74,556/yr6 months · AED 71 per sqft
11 Aug 2019RentedNew contract
AED 85,000/yr12 months · AED 81 per sqft
11 Aug 2018RentedRenewal
AED 100,000/yr12 months · AED 96 per sqft
11 Aug 2017RentedNew contract
AED 103,000/yr12 months · AED 99 per sqft
3 Jun 2016RentedNew contract
AED 105,000/yr12 months · AED 101 per sqft
17 Jun 2014RentedNew contract
AED 90,000/yr12 months · AED 86 per sqft

Source: Dubai Land Department. Updated 13 June 2024.

Key facts

Type
1-bed apartment
Size
1,046 sqft
Floor
23rd of 38
Parking
L1-708
Developer
Emaar
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 1.9M · June 2024
Building
The Residences 1 (W3)

About 2305, The Residences 1 (W3)

2305 is a one-bedroom apartment of 1,046 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 13 June 2024 for AED 1,900,000, or AED 1,816 per sqft, in line with the AED 1,792 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, signed on 10 May 2021, is AED 67,000 a year: a gross yield of 3.5% on the 2024 price, before the service charge of about AED 22,500 a year.

Sales and rents for 2305 over time

Sales
Unit 2305, 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, November 2008: AED 2,250,000 (AED 2,150 per sqft)Sold, June 2024: AED 1,900,000 (AED 1,816 per sqft)

2305 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2305, each contractTypical one-bed in The Residences 1 (W3)
100K2012201620202024Typical 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 2013: AED 80,000 a yearNew contract, June 2014: AED 90,000 a yearNew contract, June 2016: AED 105,000 a yearNew contract, August 2017: AED 103,000 a yearRenewal, August 2018: AED 100,000 a yearNew contract, August 2019: AED 85,000 a yearNew contract, August 2020: AED 74,556 a yearNew contract, May 2021: AED 67,000 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 2305 sits

All 75 1-beds →

2305 last sold in June 2024 at AED 1,816 per sqft, in line with what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,792). 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. 2305's AED 67,000 is at the bottom 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 23rd floor

All 185 units in The Residences 1 (W3)
Value
23012-bedAED 3.2M · Jan 2016
23023-bedAED 2.13M · Aug 2010
23032-bedAED 6.31M · Jan 2014
23041-bedAED 1M · Nov 2008

2305, The Residences 1 (W3) in numbers

  • Sold twice: first on 13 November 2008 for AED 2,250,000, last on 13 June 2024 for AED 1,900,000 (AED 1,816 per sqft).
  • Rented since June 2013 on 8 Ejari contracts, from AED 80,000 to AED 67,000 a year.
  • At AED 67,000 a year the gross yield on the 2024 price is 3.5%, before a service charge of about AED 22,500 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 13 June 2024.

Questions about 2305, The Residences 1 (W3)

What did unit 2305 last sell for?

AED 1,900,000 on 13 June 2024: AED 1,816 per sqft for 1,046 sqft. The unit has 2 registered sales; the first was AED 2,250,000 in November 2008.

What is the rent for unit 2305?

AED 67,000 a year on the contract signed on 10 May 2021. The previous contract, from August 2020, was AED 74,556; the unit has been rented since June 2013.

How big is unit 2305?

1,046 sqft (97.2 sqm): a one-bedroom apartment on the 23rd floor of a 38-storey tower completed in 2007.

What is unit 2305 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 2305, The Residences 1 (W3)

Starts from the last sale price (AED 1.9M, 13 June 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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