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1-bed · 1,046 sqftThe Residences 1 (W3), Downtown Dubai · 27th floor · completed 2007

2705, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in April 2011, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2705 · DLD and Ejari recordsUpdated 27 April 2011
Last soldAED 1.09M27 April 2011
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2705, The Residences 1 (W3)

What is 2705 worth today?

Last sold for AED 1,090,000 in 2011

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27 Apr 2011SoldReady
AED 1,090,000AED 1,042 per sqft
5 Jan 2009Sold by developerReady
AED 1,970,000AED 1,883 per sqft

Source: Dubai Land Department. Updated 27 April 2011.

Key facts

Type
1-bed apartment
Size
1,046 sqft
Floor
27th of 38
Parking
B2-396
Developer
Emaar
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 1.09M · April 2011
Building
The Residences 1 (W3)

About 2705, The Residences 1 (W3)

2705 is a one-bedroom apartment of 1,046 sqft on the 27th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 27 April 2011 for AED 1,090,000, or AED 1,042 per sqft, 33% above the AED 785 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2705 over time

Sales
Unit 2705, 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, January 2009: AED 1,970,000 (AED 1,883 per sqft)Sold, April 2011: AED 1,090,000 (AED 1,042 per sqft)

2705 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2705, 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 120,000

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 2705 sits

All 75 1-beds →

2705 last sold in April 2011 at AED 1,042 per sqft, 33% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 785). 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.

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 27th floor

All 185 units in The Residences 1 (W3)
Value
27012-bedAED 1.23M · Sep 2010
27023-bedAED 2.19M · Sep 2010
27032-bedAED 1.73M · Feb 2009
27041-bedAED 809K · Jan 2012

2705, The Residences 1 (W3) in numbers

  • Sold twice: first on 5 January 2009 for AED 1,970,000, last on 27 April 2011 for AED 1,090,000 (AED 1,042 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 27 April 2011.

Questions about 2705, The Residences 1 (W3)

What did unit 2705 last sell for?

AED 1,090,000 on 27 April 2011: AED 1,042 per sqft for 1,046 sqft. The unit has 2 registered sales; the first was AED 1,970,000 in January 2009.

How big is unit 2705?

1,046 sqft (97.2 sqm): a one-bedroom apartment on the 27th floor of a 38-storey tower completed in 2007.

What is unit 2705 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 2705, The Residences 1 (W3)

Starts from the last sale price (AED 1.09M, 27 April 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,090,000
Deposit, UAE resident (20%)
AED 218,000
Deposit, non-resident (40%)
AED 436,000
Monthly over 25 years at 3.7%
AED 4,460

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