2703, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in February 2009, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2703, The Residences 1 (W3)
What is 2703 worth today?
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Source: Dubai Land Department. Updated 1 August 2023.
Key facts
- Type
- 2-bed apartment
- Size
- 1,629 sqft
- Floor
- 27th of 38
- Parking
- P-98
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 35,100 /yr
- Last sold
- AED 1.73M · February 2009
- Building
- The Residences 1 (W3)
About 2703, The Residences 1 (W3)
2703 is a two-bedroom apartment of 1,629 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 4 February 2009 for AED 1,726,800, or AED 1,060 per sqft, 21% above the AED 874 two-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 August 2023, is AED 290,000 a year: a gross yield of 16.8% on the 2009 price, before the service charge of about AED 35,100 a year.
Sales and rents for 2703 over time
2703 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 2703 sits
All 69 2-beds →2703 last sold in February 2009 at AED 1,060 per sqft, 21% above what two-beds in The Residences 1 (W3) were fetching at the time (AED 874). 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. 2703's AED 290,000 is at the top 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 | |||||
|---|---|---|---|---|---|
| 2701 | 2-bed | 1,452 sqft | AED 1.23MAED 1,234,800 · Sep 2010September 2010 | 120,000 /yr | |
| 2702 | 3-bed | 2,082 sqft | AED 2.19MAED 2,188,800 · Sep 2010September 2010 | 390,000 /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 |
2703, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 4 February 2009 for AED 1,726,800, or AED 1,060 per sqft.
- Rented since June 2021 on 3 Ejari contracts, from AED 200,000 to AED 290,000 a year.
- At AED 290,000 a year the gross yield on the 2009 price is 16.8%, 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 1 August 2023.
Questions about 2703, The Residences 1 (W3)
What did unit 2703 last sell for?
AED 1,726,800 on 4 February 2009, sold by the developer: AED 1,060 per sqft for 1,629 sqft. It is the only registered sale of the unit.
What is the rent for unit 2703?
AED 290,000 a year on the contract renewed on 1 August 2023. The previous contract, from August 2022, was AED 275,000; the unit has been rented since June 2021.
How big is unit 2703?
1,629 sqft (151.3 sqm): a two-bedroom apartment on the 27th floor of a 38-storey tower completed in 2007.
What is unit 2703 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 2703, The Residences 1 (W3)
Starts from the last sale price (AED 1.73M, 4 February 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,726,800
- Deposit, UAE resident (20%)
- AED 345,360
- Deposit, non-resident (40%)
- AED 690,720
- Monthly over 25 years at 3.7%
- AED 7,065
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →