3701, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in May 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3701, The Residences 1 (W3)
What is 3701 worth today?
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Source: Dubai Land Department. Updated 25 June 2025.
Key facts
- Type
- 3-bed apartment
- Size
- 3,504 sqft
- Floor
- 37th of 38
- Parking
- G-638,G-639
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 75,500 /yr
- Last sold
- AED 3.66M · May 2010
- Building
- The Residences 1 (W3)
About 3701, The Residences 1 (W3)
3701 is a three-bedroom apartment of 3,504 sqft on the 37th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 6 May 2010 for AED 3,659,888, or AED 1,044 per sqft, 4% below the AED 1,084 three-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 10 Ejari contracts. The current contract, renewed on 25 June 2025, is AED 400,000 a year: a gross yield of 10.9% on the 2010 price, before the service charge of about AED 75,500 a year.
Sales and rents for 3701 over time
3701 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 3701 sits
All 40 3-beds →3701 last sold in May 2010 at AED 1,044 per sqft, 4% below what three-beds in The Residences 1 (W3) were fetching at the time (AED 1,084). 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. 3701's AED 400,000 is at the top 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 170K /yr
- Typical yield
- 4.2%
Other units on the 37th floor
All 185 units in The Residences 1 (W3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3702 | 3-bed | 3,546 sqft | AED 8.4MAED 8,400,000 · Dec 2021December 2021 | 240,000 /yr |
3701, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 6 May 2010 for AED 3,659,888, or AED 1,044 per sqft.
- Rented since October 2014 on 10 Ejari contracts. The rent fell from AED 385,000 to AED 300,000 in 2021 and recovered to AED 400,000 by June 2025.
- At AED 400,000 a year the gross yield on the 2010 price is 10.9%, before a service charge of about AED 75,500 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 25 June 2025.
Questions about 3701, The Residences 1 (W3)
What did unit 3701 last sell for?
AED 3,659,888 on 6 May 2010, sold by the developer: AED 1,044 per sqft for 3,504 sqft. It is the only registered sale of the unit.
What is the rent for unit 3701?
AED 400,000 a year on the contract renewed on 25 June 2025. The previous contract, from June 2025, was AED 400,000; the unit has been rented since October 2014.
How big is unit 3701?
3,504 sqft (325.5 sqm): a three-bedroom apartment on the 37th floor of a 38-storey tower completed in 2007.
What is unit 3701 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 3701, The Residences 1 (W3)
Starts from the last sale price (AED 3.66M, 6 May 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 3,659,888
- Deposit, UAE resident (20%)
- AED 731,978
- Deposit, non-resident (40%)
- AED 1,463,955
- Monthly over 25 years at 3.7%
- AED 14,974
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →