3002, The Residences 1 (W3)
Sold prices and rental history: sold twice, last in February 2022, 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 3002, The Residences 1 (W3)
What is 3002 worth today?
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Source: Dubai Land Department. Updated 30 April 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,082 sqft
- Floor
- 30th of 38
- Parking
- G-675,G-676
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 44,900 /yr
- Last sold
- AED 5.5M · February 2022
- Building
- The Residences 1 (W3)
About 3002, The Residences 1 (W3)
3002 is a three-bedroom apartment of 2,082 sqft on the 30th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 11 February 2022 for AED 5,500,000, or AED 2,641 per sqft.
It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 30 April 2024, is AED 185,000 a year: a gross yield of 3.4% on the 2022 price, before the service charge of about AED 44,900 a year.
Sales and rents for 3002 over time
3002 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in The Residences 1 (W3), and where 3002 sits
All 40 3-beds →Over the last 12 months three-beds sold for AED 7,050,000 to 20,000,000, around AED 3,410 per sqft, and rent for AED 223,200 to 390,000 a year. 3002's AED 185,000 is at the bottom of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Sep 202617 September 2026 | 2,082 sqft | 7,050,000 | 3,386 | ||
| 28 Jan 202628 January 2026 | 2,082 sqft | 7,100,000 | 3,410 | ||
| 14 Jan 202614 January 2026 | 3,289 sqft | 20,000,000 | 6,080 | ||
| 15 Sep 202515 September 2025 | 2,082 sqft | 7,300,000 | 3,506 |
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 30th floor
All 185 units in The Residences 1 (W3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3001 | 2-bed | 1,452 sqft | AED 1.98MAED 1,975,000 · Aug 2019August 2019 | 172,937 /yr | |
| 3003 | 2-bed | 1,629 sqft | AED 1.76MAED 1,762,800 · Sep 2010September 2010 | 200,000 /yr | |
| 3004 | 1-bed | 915 sqft | AED 2.1MAED 2,100,000 · Mar 2023March 2023 | 145,000 /yr | |
| 3005 | 1-bed | 1,046 sqft | AED 369KAED 369,400 · May 2008May 2008 | 115,000 /yr |
3002, The Residences 1 (W3) in numbers
- Sold twice: first on 29 September 2009 for AED 1,115,400, last on 11 February 2022 for AED 5,500,000 (AED 2,641 per sqft).
- Rented since October 2012 on 11 Ejari contracts, from AED 270,000 to AED 185,000 a year.
- At AED 185,000 a year the gross yield on the 2022 price is 3.4%, before a service charge of about AED 44,900 a year (AED 21.55 per sqft).
- Three-beds in The Residences 1 (W3) sold for AED 7,050,000–20,000,000 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 30 April 2024.
Questions about 3002, The Residences 1 (W3)
What did unit 3002 last sell for?
AED 5,500,000 on 11 February 2022: AED 2,641 per sqft for 2,082 sqft. The unit has 2 registered sales; the first was AED 1,115,400 in September 2009.
What is the rent for unit 3002?
AED 185,000 a year on the contract renewed on 30 April 2024. The previous contract, from April 2024, was AED 185,000; the unit has been rented since October 2012.
How big is unit 3002?
2,082 sqft (193.4 sqm): a three-bedroom apartment on the 30th floor of a 38-storey tower completed in 2007.
What is unit 3002 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences 1 (W3) sold for AED 7,050,000 to 20,000,000 in the last 12 months, around AED 3,410 per sqft.
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Mortgage on 3002, The Residences 1 (W3)
Starts from the last sale price (AED 5.5M, 11 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 5,500,000
- Deposit, UAE resident (20%)
- AED 1,100,000
- Deposit, non-resident (40%)
- AED 2,200,000
- Monthly over 25 years at 3.7%
- AED 22,502
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →