3-bed · 2,082 sqftThe Residences 1 (W3), Downtown Dubai · 4th floor · completed 2007

402, The Residences 1 (W3)

Sold prices and rental history: sold once, by the developer in April 2009, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 23 April 2009
Last soldAED 1.87M23 April 2009
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, The Residences 1 (W3)

What is 402 worth today?

Last sold for AED 1,866,800 in 2009

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23 Apr 2009Sold by developerReady
AED 1,866,800AED 896 per sqft

Source: Dubai Land Department. Updated 23 April 2009.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
4th of 38
Parking
G-634,G-635
Developer
Emaar
Completed
2007
Service charge
AED 44,900 /yr
Last sold
AED 1.87M · April 2009

About 402, The Residences 1 (W3)

402 is a three-bedroom apartment of 2,082 sqft on the 4th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 23 April 2009 for AED 1,866,800, or AED 896 per sqft, 18% below the AED 1,091 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 402 over time

Sales
Unit 402, each saleTypical three-bed in The Residences 1 (W3)
5M2008201320182023Typical sale price by year: 2008 AED 2,398,844; 2009 AED 2,258,800; 2010 AED 2,139,800; 2011 AED 2,562,888; 2012 AED 3,302,400; 2013 AED 7,300,000; 2014 AED 6,825,000; 2015 AED 7,900,000; 2020 AED 4,100,000; 2022 AED 3,061,980; 2025 AED 7,300,000; 2026 AED 7,100,000Sold by developer, April 2009: AED 1,866,800 (AED 896 per sqft)

402 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 402, each contractTypical three-bed in The Residences 1 (W3)
200K300K2012201620202024Typical rent by year: 2012 AED 205,000; 2013 AED 265,000; 2014 AED 265,000; 2015 AED 289,592; 2016 AED 272,500; 2017 AED 253,750; 2018 AED 202,500; 2019 AED 175,000; 2020 AED 170,691; 2021 AED 185,000; 2022 AED 185,000; 2023 AED 280,000; 2024 AED 300,000; 2025 AED 305,000; 2026 AED 292,500

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 402 sits

All 40 3-beds →

402 last sold in April 2009 at AED 896 per sqft, 18% below what three-beds in The Residences 1 (W3) were fetching at the time (AED 1,091). 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.

Recent 3-bed salesUnit no.Price (AED)Summary
17 Sep 20267,050,000
28 Jan 20267,100,000
14 Jan 202620,000,000
15 Sep 20257,300,000
3 3-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 4th floor

All 185 units in The Residences 1 (W3)
Value
4012-bedAED 2.45M · Aug 2022
4032-bedAED 5.2M · Feb 2026
4041-bedAED 2.28M · Apr 2024
4051-bedAED 1.7M · Jul 2023

402, The Residences 1 (W3) in numbers

  • Sold once: by Emaar on 23 April 2009 for AED 1,866,800, or AED 896 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 23 April 2009.

Questions about 402, The Residences 1 (W3)

What did unit 402 last sell for?

AED 1,866,800 on 23 April 2009, sold by the developer: AED 896 per sqft for 2,082 sqft. It is the only registered sale of the unit.

How big is unit 402?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 4th floor of a 38-storey tower completed in 2007.

What is unit 402 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 402, The Residences 1 (W3)

Starts from the last sale price (AED 1.87M, 23 April 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,866,800
Deposit, UAE resident (20%)
AED 373,360
Deposit, non-resident (40%)
AED 746,720
Monthly over 25 years at 3.7%
AED 7,638

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