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2-bed · 1,629 sqftThe Residences 1 (W3), Downtown Dubai · 30th floor · completed 2007

3003, The Residences 1 (W3)

Sold prices and rental history: sold once, by the developer in September 2010, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3003 · DLD and Ejari recordsUpdated 20 November 2014
Last soldAED 1.76M14 September 2010
Current rentAED 200K /yr20 November 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3003, The Residences 1 (W3)

What is 3003 worth today?

Last sold for AED 1,762,800 in 2010

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20 Nov 2014RentedNew contract
AED 200,000/yr12 months · AED 123 per sqft
20 Nov 2013RentedNew contract
AED 200,000/yr12 months · AED 123 per sqft
14 Sep 2010Sold by developerReady
AED 1,762,800AED 1,082 per sqft

Source: Dubai Land Department. Updated 20 November 2014.

Key facts

Type
2-bed apartment
Size
1,629 sqft
Floor
30th of 38
Parking
B2-384
Developer
Emaar
Completed
2007
Service charge
AED 35,100 /yr
Last sold
AED 1.76M · September 2010
Building
The Residences 1 (W3)

About 3003, The Residences 1 (W3)

3003 is a two-bedroom apartment of 1,629 sqft on the 30th 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 1,762,800, or AED 1,082 per sqft, 5% above the AED 1,034 two-beds in the building were fetching at the time.

It has been rented since 2013 on 2 Ejari contracts. The current contract, signed on 20 November 2014, is AED 200,000 a year: a gross yield of 11.3% on the 2010 price, before the service charge of about AED 35,100 a year.

Sales and rents for 3003 over time

Sales
Unit 3003, each saleTypical two-bed in The Residences 1 (W3)
2M4M2008201320182023Typical sale price by year: 2008 AED 1,348,800; 2009 AED 1,726,800; 2010 AED 1,624,800; 2011 AED 2,050,000; 2012 AED 2,375,000; 2013 AED 3,125,000; 2014 AED 4,500,000; 2015 AED 3,100,000; 2021 AED 3,600,000; 2023 AED 3,700,000; 2024 AED 3,425,000; 2025 AED 3,707,519; 2026 AED 3,850,000Sold by developer, September 2010: AED 1,762,800 (AED 1,082 per sqft)

3003 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3003, each contractTypical two-bed in The Residences 1 (W3)
100K150K200K2012201620202024Typical rent by year: 2012 AED 175,000; 2013 AED 162,500; 2014 AED 177,500; 2015 AED 182,500; 2016 AED 176,875; 2017 AED 165,000; 2018 AED 155,000; 2019 AED 127,917; 2020 AED 110,750; 2021 AED 112,500; 2022 AED 138,432; 2023 AED 170,000; 2024 AED 180,000; 2025 AED 195,000; 2026 AED 185,500New contract, November 2013: AED 200,000 a yearNew contract, November 2014: AED 200,000 a year

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 3003 sits

All 69 2-beds →

3003 last sold in September 2010 at AED 1,082 per sqft, 5% above 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. 3003's AED 200,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Feb 20265,200,000
4 Feb 20263,850,000
30 Jan 20263,800,000
3 Jun 20253,765,037
3 2-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 30th floor

All 185 units in The Residences 1 (W3)
Value
30012-bedAED 1.98M · Aug 2019
30023-bedAED 5.5M · Feb 2022
30041-bedAED 2.1M · Mar 2023
30051-bedAED 369K · May 2008

3003, The Residences 1 (W3) in numbers

  • Sold once: by Emaar on 14 September 2010 for AED 1,762,800, or AED 1,082 per sqft.
  • Rented since November 2013 on 2 Ejari contracts, at AED 200,000 a year.
  • At AED 200,000 a year the gross yield on the 2010 price is 11.3%, 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 20 November 2014.

Questions about 3003, The Residences 1 (W3)

What did unit 3003 last sell for?

AED 1,762,800 on 14 September 2010, sold by the developer: AED 1,082 per sqft for 1,629 sqft. It is the only registered sale of the unit.

What is the rent for unit 3003?

AED 200,000 a year on the contract signed on 20 November 2014. The previous contract, from November 2013, was AED 200,000.

How big is unit 3003?

1,629 sqft (151.3 sqm): a two-bedroom apartment on the 30th floor of a 38-storey tower completed in 2007.

What is unit 3003 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 3003, The Residences 1 (W3)

Starts from the last sale price (AED 1.76M, 14 September 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,762,800
Deposit, UAE resident (20%)
AED 352,560
Deposit, non-resident (40%)
AED 705,120
Monthly over 25 years at 3.7%
AED 7,212

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