2701, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in September 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2701, The Residences 1 (W3)
What is 2701 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 January 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 27th of 38
- Parking
- B2-393
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,300 /yr
- Last sold
- AED 1.23M · September 2010
- Building
- The Residences 1 (W3)
About 2701, The Residences 1 (W3)
2701 is a two-bedroom apartment of 1,452 sqft on the 27th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 14 September 2010 for AED 1,234,800, or AED 850 per sqft, 18% below the AED 1,034 two-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 8 Ejari contracts. The current contract, signed on 1 January 2023, is AED 120,000 a year: a gross yield of 9.7% on the 2010 price, before the service charge of about AED 31,300 a year.
Sales and rents for 2701 over time
2701 has sold once; 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 2701 sits
All 69 2-beds →2701 last sold in September 2010 at AED 850 per sqft, 18% below what two-beds in The Residences 1 (W3) were fetching at the time (AED 1,034). 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. 2701's AED 120,000 is at the bottom 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 27th floor
All 185 units in The Residences 1 (W3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2702 | 3-bed | 2,082 sqft | AED 2.19MAED 2,188,800 · Sep 2010September 2010 | 390,000 /yr | |
| 2703 | 2-bed | 1,629 sqft | AED 1.73MAED 1,726,800 · Feb 2009February 2009 | 290,000 /yr | |
| 2704 | 1-bed | 915 sqft | AED 809KAED 808,800 · Jan 2012January 2012 | 80,500 /yr | |
| 2705 | 1-bed | 1,046 sqft | AED 1.09MAED 1,090,000 · Apr 2011April 2011 |
2701, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 14 September 2010 for AED 1,234,800, or AED 850 per sqft.
- Rented since May 2012 on 8 Ejari contracts. The rent fell from AED 130,000 to AED 95,000 in 2020 and recovered to AED 120,000 by January 2023.
- At AED 120,000 a year the gross yield on the 2010 price is 9.7%, before a service charge of about AED 31,300 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 1 January 2023.
Questions about 2701, The Residences 1 (W3)
What did unit 2701 last sell for?
AED 1,234,800 on 14 September 2010, sold by the developer: AED 850 per sqft for 1,452 sqft. It is the only registered sale of the unit.
What is the rent for unit 2701?
AED 120,000 a year on the contract signed on 1 January 2023. The previous contract, from January 2020, was AED 95,000; the unit has been rented since May 2012.
How big is unit 2701?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 27th floor of a 38-storey tower completed in 2007.
What is unit 2701 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.
Selling 2701? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 2701, The Residences 1 (W3)
Starts from the last sale price (AED 1.23M, 14 September 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,234,800
- Deposit, UAE resident (20%)
- AED 246,960
- Deposit, non-resident (40%)
- AED 493,920
- Monthly over 25 years at 3.7%
- AED 5,052
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →