1-bed · 1,046 sqftThe Residences 1 (W3), Downtown Dubai · 3rd floor · completed 2007

305, The Residences 1 (W3)

Sold prices and rental history: sold once, by the developer in June 2010, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 29 June 2010
Last soldAED 325K29 June 2010
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, The Residences 1 (W3)

What is 305 worth today?

Last sold for AED 324,900 in 2010

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29 Jun 2010Sold by developerReady · flagged as an outlier
AED 324,900AED 310 per sqft

Source: Dubai Land Department. Updated 29 June 2010.

Key facts

Type
1-bed apartment
Size
1,046 sqft
Floor
3rd of 38
Parking
G-664
Developer
Emaar
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 325K · June 2010

About 305, The Residences 1 (W3)

305 is a one-bedroom apartment of 1,046 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 29 June 2010 for AED 324,900, or AED 310 per sqft, 69% below the AED 1,008 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 305 over time

Sales
Unit 305, 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 2,360,000

No registered sale of 305; the dashed line is the one-bed median of each year in the building.

Rents
Unit 305, 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 305 sits

All 75 1-beds →

305 last sold in June 2010 at AED 310 per sqft, 69% below what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,008). 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 3rd floor

All 185 units in The Residences 1 (W3)
Value
3012-bedAED 1.09M · Jul 2010
3023-bedAED 4.65M · Dec 2014
3032-bedAED 1.44M · Sep 2010
3041-bedAED 344K · Feb 2009

305, The Residences 1 (W3) in numbers

  • Sold once: by Emaar on 29 June 2010 for AED 324,900, or AED 310 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 29 June 2010.

Questions about 305, The Residences 1 (W3)

What did unit 305 last sell for?

AED 324,900 on 29 June 2010, sold by the developer: AED 310 per sqft for 1,046 sqft. It is the only registered sale of the unit.

How big is unit 305?

1,046 sqft (97.2 sqm): a one-bedroom apartment on the 3rd floor of a 38-storey tower completed in 2007.

What is unit 305 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 305, The Residences 1 (W3)

Starts from the last sale price (AED 325K, 29 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 324,900
Deposit, UAE resident (20%)
AED 64,980
Deposit, non-resident (40%)
AED 129,960
Monthly over 25 years at 3.7%
AED 1,329

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