3401, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in March 2012, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3401, The Residences 1 (W3)
What is 3401 worth today?
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Source: Dubai Land Department. Updated 1 November 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 34th of 38
- Parking
- B1-584
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,300 /yr
- Last sold
- AED 1.28M · March 2012
- Building
- The Residences 1 (W3)
About 3401, The Residences 1 (W3)
3401 is a two-bedroom apartment of 1,452 sqft on the 34th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 1 March 2012 for AED 1,276,800, or AED 879 per sqft, 38% below the AED 1,411 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 1 November 2022, is AED 126,000 a year: a gross yield of 9.9% on the 2012 price, before the service charge of about AED 31,300 a year.
Sales and rents for 3401 over time
3401 has sold once; the dashed line is the two-bed median of each year in the building.
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 3401 sits
All 69 2-beds →3401 last sold in March 2012 at AED 879 per sqft, 38% below what two-beds in The Residences 1 (W3) were fetching at the time (AED 1,411). 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. 3401's AED 126,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Feb 20269 February 2026 | 1,629 sqft | 5,200,000 | 3,192 | ||
| 4 Feb 20264 February 2026 | 1,452 sqft | 3,850,000 | 2,651 | ||
| 30 Jan 202630 January 2026 | 1,452 sqft | 3,800,000 | 2,616 | ||
| 3 Jun 20253 June 2025 | 1,629 sqft | 3,765,037 | 2,311 |
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 34th floor
All 185 units in The Residences 1 (W3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3402 | 3-bed | 2,082 sqft | AED 9MAED 9,000,000 · Jun 2014June 2014 | 330,000 /yr | |
| 3403 | 2-bed | 1,629 sqft | AED 6.5MAED 6,500,000 · Feb 2014February 2014 | 195,000 /yr | |
| 3404 | 1-bed | 915 sqft | AED 2.3MAED 2,300,000 · Jan 2026January 2026 | 130,000 /yr | |
| 3405 | 1-bed | 1,046 sqft | AED 1.68MAED 1,675,000 · Dec 2012December 2012 | 120,000 /yr |
3401, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 1 March 2012 for AED 1,276,800, or AED 879 per sqft.
- Rented since November 2021 on 2 Ejari contracts, from AED 120,000 to AED 126,000 a year.
- At AED 126,000 a year the gross yield on the 2012 price is 9.9%, 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 1 November 2022.
Questions about 3401, The Residences 1 (W3)
What did unit 3401 last sell for?
AED 1,276,800 on 1 March 2012, sold by the developer: AED 879 per sqft for 1,452 sqft. It is the only registered sale of the unit.
What is the rent for unit 3401?
AED 126,000 a year on the contract renewed on 1 November 2022. The previous contract, from November 2021, was AED 120,000.
How big is unit 3401?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 34th floor of a 38-storey tower completed in 2007.
What is unit 3401 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 3401, The Residences 1 (W3)
Starts from the last sale price (AED 1.28M, 1 March 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,276,800
- Deposit, UAE resident (20%)
- AED 255,360
- Deposit, non-resident (40%)
- AED 510,720
- Monthly over 25 years at 3.7%
- AED 5,224
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →