1-bed · 915 sqftThe Residences 1 (W3), Downtown Dubai · 26th floor · completed 2007

2604, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in October 2015, and rented once, from August 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2604 · DLD and Ejari recordsUpdated 13 October 2015
Last soldAED 2.4M13 October 2015
Current rentAED 105K /yr26 August 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2604, The Residences 1 (W3)

What is 2604 worth today?

Last sold for AED 2,400,000 in 2015

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13 Oct 2015SoldReady
AED 2,400,000AED 2,622 per sqft
26 Aug 2013RentedNew contract
AED 105,000/yr12 months · AED 115 per sqft
14 Sep 2010Sold by developerReady
AED 803,800AED 878 per sqft

Source: Dubai Land Department. Updated 13 October 2015.

Key facts

Type
1-bed apartment
Size
915 sqft
Floor
26th of 38
Parking
B2-391
Developer
Emaar
Completed
2007
Service charge
AED 19,700 /yr
Last sold
AED 2.4M · October 2015

About 2604, The Residences 1 (W3)

2604 is a one-bedroom apartment of 915 sqft on the 26th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 13 October 2015 for AED 2,400,000, or AED 2,622 per sqft, 31% above the AED 2,007 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 26 August 2013. The current contract, signed on 26 August 2013, is AED 105,000 a year: a gross yield of 4.4% on the 2015 price, before the service charge of about AED 19,700 a year.

Sales and rents for 2604 over time

Sales
Unit 2604, 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, September 2010: AED 803,800 (AED 878 per sqft)Sold, October 2015: AED 2,400,000 (AED 2,622 per sqft)

2604 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2604, each contractTypical one-bed in The Residences 1 (W3)
75K100K125K2012201620202024Typical 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, August 2013: AED 105,000 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 2604 sits

All 75 1-beds →

2604 last sold in October 2015 at AED 2,622 per sqft, 31% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 2,007). 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. 2604's AED 105,000 is in the lower half 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 26th floor

All 185 units in The Residences 1 (W3)
Value
26012-bedAED 1.23M · Jan 2009
26023-bedAED 6.7M · Nov 2024
26032-bedAED 4.9M · Oct 2023
26051-bedAED 1.22M · Feb 2021

2604, The Residences 1 (W3) in numbers

  • Sold twice: first on 14 September 2010 for AED 803,800, last on 13 October 2015 for AED 2,400,000 (AED 2,622 per sqft).
  • Rented since August 2013 on one Ejari contract, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2015 price is 4.4%, 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 13 October 2015.

Questions about 2604, The Residences 1 (W3)

What did unit 2604 last sell for?

AED 2,400,000 on 13 October 2015: AED 2,622 per sqft for 915 sqft. The unit has 2 registered sales; the first was AED 803,800 in September 2010.

What is the rent for unit 2604?

AED 105,000 a year on the contract signed on 26 August 2013.

How big is unit 2604?

915 sqft (85.0 sqm): a one-bedroom apartment on the 26th floor of a 38-storey tower completed in 2007.

What is unit 2604 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 2604, The Residences 1 (W3)

Starts from the last sale price (AED 2.4M, 13 October 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,400,000
Deposit, UAE resident (20%)
AED 480,000
Deposit, non-resident (40%)
AED 960,000
Monthly over 25 years at 3.7%
AED 9,819

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