3402, The Residences 1 (W3)
Sold prices and rental history: sold twice, last in June 2014, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3402, The Residences 1 (W3)
What is 3402 worth today?
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Source: Dubai Land Department. Updated 20 March 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 2,082 sqft
- Floor
- 34th of 38
- Parking
- B1-578,B1-579
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 44,900 /yr
- Last sold
- AED 9M · June 2014
- Building
- The Residences 1 (W3)
About 3402, The Residences 1 (W3)
3402 is a three-bedroom apartment of 2,082 sqft on the 34th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 3 June 2014 for AED 9,000,000, or AED 4,322 per sqft, 22% above the AED 3,554 three-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 9 Ejari contracts. The current contract, signed on 20 March 2025, is AED 330,000 a year: a gross yield of 3.7% on the 2014 price, before the service charge of about AED 44,900 a year.
Sales and rents for 3402 over time
3402 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in The Residences 1 (W3), and where 3402 sits
All 40 3-beds →3402 last sold in June 2014 at AED 4,322 per sqft, 22% above what three-beds in The Residences 1 (W3) were fetching at the time (AED 3,554). Over the last 12 months three-beds sold for AED 7,050,000 to 20,000,000, around AED 3,410 per sqft, and rent for AED 223,200 to 390,000 a year. 3402's AED 330,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 17 Sep 202617 September 2026 | 2,082 sqft | 7,050,000 | 3,386 | ||
| 28 Jan 202628 January 2026 | 2,082 sqft | 7,100,000 | 3,410 | ||
| 14 Jan 202614 January 2026 | 3,289 sqft | 20,000,000 | 6,080 | ||
| 15 Sep 202515 September 2025 | 2,082 sqft | 7,300,000 | 3,506 |
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 | |||||
|---|---|---|---|---|---|
| 3401 | 2-bed | 1,452 sqft | AED 1.28MAED 1,276,800 · Mar 2012March 2012 | 126,000 /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 |
3402, The Residences 1 (W3) in numbers
- Sold twice: first on 29 December 2008 for AED 1,143,400, last on 3 June 2014 for AED 9,000,000 (AED 4,322 per sqft).
- Rented since June 2015 on 9 Ejari contracts. The rent fell from AED 275,000 to AED 145,000 in 2020 and recovered to AED 330,000 by March 2025.
- At AED 330,000 a year the gross yield on the 2014 price is 3.7%, before a service charge of about AED 44,900 a year (AED 21.55 per sqft).
- Three-beds in The Residences 1 (W3) sold for AED 7,050,000–20,000,000 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 20 March 2025.
Questions about 3402, The Residences 1 (W3)
What did unit 3402 last sell for?
AED 9,000,000 on 3 June 2014: AED 4,322 per sqft for 2,082 sqft. The unit has 2 registered sales; the first was AED 1,143,400 in December 2008.
What is the rent for unit 3402?
AED 330,000 a year on the contract signed on 20 March 2025. The previous contract, from March 2025, was AED 330,000; the unit has been rented since June 2015.
How big is unit 3402?
2,082 sqft (193.4 sqm): a three-bedroom apartment on the 34th floor of a 38-storey tower completed in 2007.
What is unit 3402 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in The Residences 1 (W3) sold for AED 7,050,000 to 20,000,000 in the last 12 months, around AED 3,410 per sqft.
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Mortgage on 3402, The Residences 1 (W3)
Starts from the last sale price (AED 9M, 3 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 9,000,000
- Deposit, UAE resident (20%)
- AED 1,800,000
- Deposit, non-resident (40%)
- AED 3,600,000
- Monthly over 25 years at 3.7%
- AED 36,822
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →