304, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in February 2009, 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 304, The Residences 1 (W3)
What is 304 worth today?
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Source: Dubai Land Department. Updated 19 January 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 915 sqft
- Floor
- 3rd of 38
- Parking
- L1-722
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 19,700 /yr
- Last sold
- AED 344K · February 2009
- Building
- The Residences 1 (W3)
About 304, The Residences 1 (W3)
304 is a one-bedroom apartment of 915 sqft on the 3rd floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 19 February 2009 for AED 344,400, or AED 376 per sqft, 69% below the AED 1,202 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 13 Ejari contracts. The current contract, signed on 19 January 2026, is AED 120,000 a year: a gross yield of 34.8% on the 2009 price, before the service charge of about AED 19,700 a year.
Sales and rents for 304 over time
No registered sale of 304; 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 304 sits
All 75 1-beds →304 last sold in February 2009 at AED 376 per sqft, 69% below what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,202). 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. 304's AED 120,000 is in the lower half 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 3rd floor
All 185 units in The Residences 1 (W3)304, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 19 February 2009 for AED 344,400, or AED 376 per sqft.
- Rented since November 2012 on 13 Ejari contracts. The rent fell from AED 95,000 to AED 65,000 in 2021 and recovered to AED 120,000 by January 2026.
- At AED 120,000 a year the gross yield on the 2009 price is 34.8%, 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 19 January 2026.
Questions about 304, The Residences 1 (W3)
What did unit 304 last sell for?
AED 344,400 on 19 February 2009, sold by the developer: AED 376 per sqft for 915 sqft. It is the only registered sale of the unit.
What is the rent for unit 304?
AED 120,000 a year on the contract signed on 19 January 2026. The previous contract, from April 2024, was AED 92,000; the unit has been rented since November 2012.
How big is unit 304?
915 sqft (85.0 sqm): a one-bedroom apartment on the 3rd floor of a 38-storey tower completed in 2007.
What is unit 304 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 304, The Residences 1 (W3)
Starts from the last sale price (AED 344K, 19 February 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 344,400
- Deposit, UAE resident (20%)
- AED 68,880
- Deposit, non-resident (40%)
- AED 137,760
- Monthly over 25 years at 3.7%
- AED 1,409
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →