3405, The Residences 1 (W3)
Sold prices and rental history: sold twice, last in December 2012, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3405, The Residences 1 (W3)
What is 3405 worth today?
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Source: Dubai Land Department. Updated 1 December 2016.
Key facts
- Type
- 1-bed apartment
- Size
- 1,046 sqft
- Floor
- 34th of 38
- Parking
- B2-503
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 22,500 /yr
- Last sold
- AED 1.68M · December 2012
- Building
- The Residences 1 (W3)
About 3405, The Residences 1 (W3)
3405 is a one-bedroom apartment of 1,046 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 27 December 2012 for AED 1,675,000, or AED 1,601 per sqft, 16% above the AED 1,384 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, renewed on 1 December 2016, is AED 120,000 a year: a gross yield of 7.2% on the 2012 price, before the service charge of about AED 22,500 a year.
Sales and rents for 3405 over time
3405 has sold twice; the dashed line is the one-bed median of each year in the building.
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 3405 sits
All 75 1-beds →3405 last sold in December 2012 at AED 1,601 per sqft, 16% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,384). 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. 3405's AED 120,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Feb 202610 February 2026 | 1,046 sqft | 2,850,000 | 2,724 | ||
| 12 Jan 202612 January 2026 | 915 sqft | 2,300,000 | 2,513 | ||
| 7 Nov 20257 November 2025 | 1,046 sqft | 2,300,000 | 2,198 | ||
| 4 Sep 20254 September 2025 | 915 sqft | 2,600,000 | 2,841 |
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 | |
| 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, The Residences 1 (W3) in numbers
- Sold twice: first on 15 December 2008 for AED 682,800, last on 27 December 2012 for AED 1,675,000 (AED 1,601 per sqft).
- Rented since February 2013 on 4 Ejari contracts, from AED 95,000 to AED 120,000 a year.
- At AED 120,000 a year the gross yield on the 2012 price is 7.2%, before a service charge of about AED 22,500 a year (AED 21.55 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 1 December 2016.
Questions about 3405, The Residences 1 (W3)
What did unit 3405 last sell for?
AED 1,675,000 on 27 December 2012: AED 1,601 per sqft for 1,046 sqft. The unit has 2 registered sales; the first was AED 682,800 in December 2008.
What is the rent for unit 3405?
AED 120,000 a year on the contract renewed on 1 December 2016. The previous contract, from December 2015, was AED 135,000; the unit has been rented since February 2013.
How big is unit 3405?
1,046 sqft (97.2 sqm): a one-bedroom apartment on the 34th floor of a 38-storey tower completed in 2007.
What is unit 3405 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 3405, The Residences 1 (W3)
Starts from the last sale price (AED 1.68M, 27 December 2012). Switch to today's estimate once you have unlocked it.- Price
- AED 1,675,000
- Deposit, UAE resident (20%)
- AED 335,000
- Deposit, non-resident (40%)
- AED 670,000
- Monthly over 25 years at 3.7%
- AED 6,853
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →