2-bed · 1,452 sqftThe Residences 1 (W3), Downtown Dubai · 33rd floor · completed 2007

3301, The Residences 1 (W3)

Sold prices and rental history: sold 4 times, last in April 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3301 · DLD and Ejari recordsUpdated 6 April 2023
Last soldAED 3.25M6 April 2023
Current rentAED 185K /yr15 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3301, The Residences 1 (W3)

What is 3301 worth today?

Last sold for AED 3,250,000 in 2023

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6 Apr 2023SoldReady
AED 3,250,000AED 2,238 per sqft
15 Oct 2022RentedNew contract
AED 185,000/yr12 months · AED 127 per sqft
17 Nov 2020RentedNew contract
AED 90,000/yr12 months · AED 62 per sqft
1 Oct 2018RentedNew contract
AED 130,000/yr12 months · AED 89 per sqft
17 Mar 2014RentedNew contract
AED 180,000/yr12 months · AED 124 per sqft
17 Dec 2013RentedNew contract
AED 180,000/yr12 months · AED 124 per sqft
28 Jul 2013SoldReady
AED 4,150,000AED 2,858 per sqft
15 Apr 2013SoldReady
AED 3,750,000AED 2,582 per sqft

Source: Dubai Land Department. Updated 6 April 2023.

Key facts

Type
2-bed apartment
Size
1,452 sqft
Floor
33rd of 38
Parking
B1-580
Developer
Emaar
Completed
2007
Service charge
AED 31,300 /yr
Last sold
AED 3.25M · April 2023

About 3301, The Residences 1 (W3)

3301 is a two-bedroom apartment of 1,452 sqft on the 33rd floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 6 April 2023 for AED 3,250,000, or AED 2,238 per sqft, 4% above the AED 2,152 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, signed on 15 October 2022, is AED 185,000 a year: a gross yield of 5.7% on the 2023 price, before the service charge of about AED 31,300 a year.

Sales and rents for 3301 over time

Sales
Unit 3301, 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, January 2011: AED 2,750,000 (AED 1,893 per sqft)Sold, April 2013: AED 3,750,000 (AED 2,582 per sqft)Sold, July 2013: AED 4,150,000 (AED 2,858 per sqft)Sold, April 2023: AED 3,250,000 (AED 2,238 per sqft)

3301 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3301, 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, December 2013: AED 180,000 a yearNew contract, March 2014: AED 180,000 a yearNew contract, October 2018: AED 130,000 a yearNew contract, November 2020: AED 90,000 a yearNew contract, October 2022: AED 185,000 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 3301 sits

All 69 2-beds →

3301 last sold in April 2023 at AED 2,238 per sqft, 4% above what two-beds in The Residences 1 (W3) were fetching at the time (AED 2,152). 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. 3301's AED 185,000 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 33rd floor

All 185 units in The Residences 1 (W3)
Value
33023-bedAED 2.27M · Oct 2008
33032-bedAED 6.7M · Jun 2014
33041-bedAED 2.6M · Sep 2025
33051-bedAED 1.3M · May 2009

3301, The Residences 1 (W3) in numbers

  • Sold 4 times: first on 25 January 2011 for AED 2,750,000, last on 6 April 2023 for AED 3,250,000 (AED 2,238 per sqft).
  • Rented since December 2013 on 5 Ejari contracts. The rent fell from AED 180,000 to AED 90,000 in 2020 and recovered to AED 185,000 by October 2022.
  • At AED 185,000 a year the gross yield on the 2023 price is 5.7%, before a service charge of about AED 31,300 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 6 April 2023.

Questions about 3301, The Residences 1 (W3)

What did unit 3301 last sell for?

AED 3,250,000 on 6 April 2023: AED 2,238 per sqft for 1,452 sqft. The unit has 4 registered sales; the first was AED 2,750,000 in January 2011.

What is the rent for unit 3301?

AED 185,000 a year on the contract signed on 15 October 2022. The previous contract, from November 2020, was AED 90,000; the unit has been rented since December 2013.

How big is unit 3301?

1,452 sqft (134.9 sqm): a two-bedroom apartment on the 33rd floor of a 38-storey tower completed in 2007.

What is unit 3301 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 3301, The Residences 1 (W3)

Starts from the last sale price (AED 3.25M, 6 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,250,000
Deposit, UAE resident (20%)
AED 650,000
Deposit, non-resident (40%)
AED 1,300,000
Monthly over 25 years at 3.7%
AED 13,297

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