405, The Residences 1 (W3)
Sold prices and rental history: sold 3 times, last in July 2023, 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 405, The Residences 1 (W3)
What is 405 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 6 July 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 1,046 sqft
- Floor
- 4th of 38
- Parking
- L1-744
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 22,500 /yr
- Last sold
- AED 1.7M · July 2023
- Building
- The Residences 1 (W3)
About 405, The Residences 1 (W3)
405 is a one-bedroom apartment of 1,046 sqft on the 4th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 6 July 2023 for AED 1,700,000, or AED 1,625 per sqft, in line with the AED 1,589 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 1 June 2022, is AED 93,000 a year: a gross yield of 5.5% on the 2023 price, before the service charge of about AED 22,500 a year.
Sales and rents for 405 over time
405 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 405 sits
All 75 1-beds →405 last sold in July 2023 at AED 1,625 per sqft, in line with what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,589). 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. 405's AED 93,000 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 4th floor
All 185 units in The Residences 1 (W3)405, The Residences 1 (W3) in numbers
- Sold 3 times: first on 12 July 2011 for AED 592,800, last on 6 July 2023 for AED 1,700,000 (AED 1,625 per sqft).
- Rented since October 2013 on 9 Ejari contracts. The rent fell from AED 105,000 to AED 63,000 in 2021 and recovered to AED 93,000 by June 2022.
- At AED 93,000 a year the gross yield on the 2023 price is 5.5%, 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 6 July 2023.
Questions about 405, The Residences 1 (W3)
What did unit 405 last sell for?
AED 1,700,000 on 6 July 2023: AED 1,625 per sqft for 1,046 sqft. The unit has 3 registered sales; the first was AED 592,800 in July 2011.
What is the rent for unit 405?
AED 93,000 a year on the contract signed on 1 June 2022. The previous contract, from May 2021, was AED 63,000; the unit has been rented since October 2013.
How big is unit 405?
1,046 sqft (97.2 sqm): a one-bedroom apartment on the 4th floor of a 38-storey tower completed in 2007.
What is unit 405 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.
Selling 405? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 405, The Residences 1 (W3)
Starts from the last sale price (AED 1.7M, 6 July 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,700,000
- Deposit, UAE resident (20%)
- AED 340,000
- Deposit, non-resident (40%)
- AED 680,000
- Monthly over 25 years at 3.7%
- AED 6,955
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →