2403, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in May 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2403, The Residences 1 (W3)
What is 2403 worth today?
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Source: Dubai Land Department. Updated 8 April 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,629 sqft
- Floor
- 24th of 38
- Parking
- L1-710
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 35,100 /yr
- Last sold
- AED 845K · May 2010
- Building
- The Residences 1 (W3)
About 2403, The Residences 1 (W3)
2403 is a two-bedroom apartment of 1,629 sqft on the 24th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 19 May 2010 for AED 845,400, or AED 518 per sqft, 54% below the AED 1,118 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 8 April 2024, is AED 270,000 a year: a gross yield of 31.9% on the 2010 price, before the service charge of about AED 35,100 a year.
Sales and rents for 2403 over time
No registered sale of 2403; the dashed line is the two-bed median of each year in the building.
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 2403 sits
All 69 2-beds →2403 last sold in May 2010 at AED 518 per sqft, 54% below what two-beds in The Residences 1 (W3) were fetching at the time (AED 1,118). 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. 2403's AED 270,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Feb 20269 February 2026 | 1,629 sqft | 5,200,000 | 3,192 | ||
| 4 Feb 20264 February 2026 | 1,452 sqft | 3,850,000 | 2,651 | ||
| 30 Jan 202630 January 2026 | 1,452 sqft | 3,800,000 | 2,616 | ||
| 3 Jun 20253 June 2025 | 1,629 sqft | 3,765,037 | 2,311 |
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 24th floor
All 185 units in The Residences 1 (W3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,452 sqft | AED 1.22MAED 1,216,800 · Nov 2008November 2008 | 165,000 /yr | |
| 2402 | 3-bed | 2,082 sqft | AED 7.1MAED 7,100,000 · Jan 2026January 2026 | 283,591 /yr | |
| 2404 | 1-bed | 915 sqft | AED 2MAED 2,000,000 · May 2023May 2023 | 90,000 /yr | |
| 2405 | 1-bed | 1,046 sqft | AED 1.88MAED 1,875,000 · Jul 2013July 2013 | 130,000 /yr |
2403, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 19 May 2010 for AED 845,400, or AED 518 per sqft.
- Rented since July 2014 on 6 Ejari contracts. The rent fell from AED 255,000 to AED 135,000 in 2020 and recovered to AED 270,000 by April 2024.
- At AED 270,000 a year the gross yield on the 2010 price is 31.9%, before a service charge of about AED 35,100 a year (AED 21.55 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 8 April 2024.
Questions about 2403, The Residences 1 (W3)
What did unit 2403 last sell for?
AED 845,400 on 19 May 2010, sold by the developer: AED 518 per sqft for 1,629 sqft. It is the only registered sale of the unit.
What is the rent for unit 2403?
AED 270,000 a year on the contract signed on 8 April 2024. The previous contract, from March 2023, was AED 260,000; the unit has been rented since July 2014.
How big is unit 2403?
1,629 sqft (151.3 sqm): a two-bedroom apartment on the 24th floor of a 38-storey tower completed in 2007.
What is unit 2403 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 2403, The Residences 1 (W3)
Starts from the last sale price (AED 845K, 19 May 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 845,400
- Deposit, UAE resident (20%)
- AED 169,080
- Deposit, non-resident (40%)
- AED 338,160
- Monthly over 25 years at 3.7%
- AED 3,459
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →