2-bed · 1,629 sqftThe Residences 1 (W3), Downtown Dubai · 32nd floor · completed 2007

3203, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in June 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3203 · DLD and Ejari recordsUpdated 7 June 2015
Last soldAED 5.7M7 June 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3203, The Residences 1 (W3)

What is 3203 worth today?

Last sold for AED 5,700,000 in 2015

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7 Jun 2015SoldReady
AED 5,700,000AED 3,499 per sqft
22 Jan 2014Sold by developerReady
AED 1,786,800AED 1,096 per sqft

Source: Dubai Land Department. Updated 7 June 2015.

Key facts

Type
2-bed apartment
Size
1,629 sqft
Floor
32nd of 38
Parking
G-681
Developer
Emaar
Completed
2007
Service charge
AED 35,100 /yr
Last sold
AED 5.7M · June 2015

About 3203, The Residences 1 (W3)

3203 is a two-bedroom apartment of 1,629 sqft on the 32nd floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 7 June 2015 for AED 5,700,000, or AED 3,499 per sqft, 20% above the AED 2,927 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3203 over time

Sales
Unit 3203, each saleTypical two-bed in The Residences 1 (W3)
2M4M6M2008201320182023Typical 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, January 2014: AED 1,786,800 (AED 1,096 per sqft)Sold, June 2015: AED 5,700,000 (AED 3,499 per sqft)

3203 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3203, 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 185,500

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 3203 sits

All 69 2-beds →

3203 last sold in June 2015 at AED 3,499 per sqft, 20% above what two-beds in The Residences 1 (W3) were fetching at the time (AED 2,927). 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.

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 32nd floor

All 185 units in The Residences 1 (W3)
Value
32012-bedAED 2.05M · Jul 2020
32023-bedAED 2.26M · Jun 2009
32041-bedAED 1.95M · Dec 2016
32051-bedAED 677K · Mar 2011

3203, The Residences 1 (W3) in numbers

  • Sold twice: first on 22 January 2014 for AED 1,786,800, last on 7 June 2015 for AED 5,700,000 (AED 3,499 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 7 June 2015.

Questions about 3203, The Residences 1 (W3)

What did unit 3203 last sell for?

AED 5,700,000 on 7 June 2015: AED 3,499 per sqft for 1,629 sqft. The unit has 2 registered sales; the first was AED 1,786,800 in January 2014.

How big is unit 3203?

1,629 sqft (151.3 sqm): a two-bedroom apartment on the 32nd floor of a 38-storey tower completed in 2007.

What is unit 3203 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 3203, The Residences 1 (W3)

Starts from the last sale price (AED 5.7M, 7 June 2015). Switch to today's estimate once you have unlocked it.
Price
AED 5,700,000
Deposit, UAE resident (20%)
AED 1,140,000
Deposit, non-resident (40%)
AED 2,280,000
Monthly over 25 years at 3.7%
AED 23,320

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