2404, The Residences 1 (W3)
Sold prices and rental history: sold twice, last in May 2023, 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 2404, The Residences 1 (W3)
What is 2404 worth today?
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Source: Dubai Land Department. Updated 30 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 915 sqft
- Floor
- 24th of 38
- Parking
- L1-711
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 19,700 /yr
- Last sold
- AED 2M · May 2023
- Building
- The Residences 1 (W3)
About 2404, The Residences 1 (W3)
2404 is a one-bedroom apartment of 915 sqft on the 24th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 30 May 2023 for AED 2,000,000, or AED 2,185 per sqft, 45% above the AED 1,504 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, signed on 6 May 2022, is AED 90,000 a year: a gross yield of 4.5% on the 2023 price, before the service charge of about AED 19,700 a year.
Sales and rents for 2404 over time
2404 has sold twice; 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 2404 sits
All 75 1-beds →2404 last sold in May 2023 at AED 2,185 per sqft, 45% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,504). 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. 2404's AED 90,000 is at the bottom 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 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 | |
| 2403 | 2-bed | 1,629 sqft | AED 845KAED 845,400 · May 2010May 2010 | 270,000 /yr | |
| 2405 | 1-bed | 1,046 sqft | AED 1.88MAED 1,875,000 · Jul 2013July 2013 | 130,000 /yr |
2404, The Residences 1 (W3) in numbers
- Sold twice: first on 11 September 2011 for AED 2,000,000, last on 30 May 2023 for AED 2,000,000 (AED 2,185 per sqft).
- Rented since November 2013 on 6 Ejari contracts. The rent fell from AED 95,000 to AED 80,000 in 2020 and recovered to AED 90,000 by May 2022.
- At AED 90,000 a year the gross yield on the 2023 price is 4.5%, 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 30 May 2023.
Questions about 2404, The Residences 1 (W3)
What did unit 2404 last sell for?
AED 2,000,000 on 30 May 2023: AED 2,185 per sqft for 915 sqft. The unit has 2 registered sales; the first was AED 2,000,000 in September 2011.
What is the rent for unit 2404?
AED 90,000 a year on the contract signed on 6 May 2022. The previous contract, from February 2020, was AED 80,000; the unit has been rented since November 2013.
How big is unit 2404?
915 sqft (85.0 sqm): a one-bedroom apartment on the 24th floor of a 38-storey tower completed in 2007.
What is unit 2404 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 2404, The Residences 1 (W3)
Starts from the last sale price (AED 2M, 30 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,000,000
- Deposit, UAE resident (20%)
- AED 400,000
- Deposit, non-resident (40%)
- AED 800,000
- Monthly over 25 years at 3.7%
- AED 8,183
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →