2704, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in January 2012, 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 2704, The Residences 1 (W3)
What is 2704 worth today?
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Source: Dubai Land Department. Updated 17 August 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 915 sqft
- Floor
- 27th of 38
- Parking
- B2-395
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 19,700 /yr
- Last sold
- AED 809K · January 2012
- Building
- The Residences 1 (W3)
About 2704, The Residences 1 (W3)
2704 is a one-bedroom apartment of 915 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 18 January 2012 for AED 808,800, or AED 883 per sqft, 7% below the AED 945 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, signed on 17 August 2025, is AED 80,500 a year: a gross yield of 10.0% on the 2012 price, before the service charge of about AED 19,700 a year.
Sales and rents for 2704 over time
2704 has sold once; 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 2704 sits
All 75 1-beds →2704 last sold in January 2012 at AED 883 per sqft, 7% below what one-beds in The Residences 1 (W3) were fetching at the time (AED 945). 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. 2704's AED 80,500 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 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 | |
| 2703 | 2-bed | 1,629 sqft | AED 1.73MAED 1,726,800 · Feb 2009February 2009 | 290,000 /yr | |
| 2705 | 1-bed | 1,046 sqft | AED 1.09MAED 1,090,000 · Apr 2011April 2011 |
2704, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 18 January 2012 for AED 808,800, or AED 883 per sqft.
- Rented since March 2014 on 10 Ejari contracts. The rent fell from AED 120,000 to AED 16,083 in 2021 and recovered to AED 80,500 by August 2025.
- At AED 80,500 a year the gross yield on the 2012 price is 10.0%, 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 17 August 2025.
Questions about 2704, The Residences 1 (W3)
What did unit 2704 last sell for?
AED 808,800 on 18 January 2012, sold by the developer: AED 883 per sqft for 915 sqft. It is the only registered sale of the unit.
What is the rent for unit 2704?
AED 80,500 a year on the contract signed on 17 August 2025. The previous contract, from August 2021, was AED 16,083; the unit has been rented since March 2014.
How big is unit 2704?
915 sqft (85.0 sqm): a one-bedroom apartment on the 27th floor of a 38-storey tower completed in 2007.
What is unit 2704 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 2704, The Residences 1 (W3)
Starts from the last sale price (AED 809K, 18 January 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 808,800
- Deposit, UAE resident (20%)
- AED 161,760
- Deposit, non-resident (40%)
- AED 323,520
- Monthly over 25 years at 3.7%
- AED 3,309
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →