501, The Residences 1 (W3)
Sold prices and rental history: sold 3 times, last in August 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, The Residences 1 (W3)
What is 501 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 28 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 5th of 38
- Parking
- L1-745
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,300 /yr
- Last sold
- AED 3.5M · August 2024
- Building
- The Residences 1 (W3)
About 501, The Residences 1 (W3)
501 is a two-bedroom apartment of 1,452 sqft on the 5th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 28 August 2024 for AED 3,500,000, or AED 2,410 per sqft, in line with the AED 2,410 two-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, renewed on 19 September 2022, is AED 105,000 a year: a gross yield of 3.0% on the 2024 price, before the service charge of about AED 31,300 a year.
Sales and rents for 501 over time
501 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Residences 1 (W3), and where 501 sits
All 69 2-beds →501 last sold in August 2024 at AED 2,410 per sqft, in line with what two-beds in The Residences 1 (W3) were fetching at the time (AED 2,410). Over the last 12 months two-beds sold for AED 3,800,000 to 5,200,000, around AED 2,651 per sqft, and rent for AED 156,839 to 280,000 a year. 501's AED 105,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Feb 20269 February 2026 | 1,629 sqft | 5,200,000 | 3,192 | ||
| 4 Feb 20264 February 2026 | 1,452 sqft | 3,850,000 | 2,651 | ||
| 30 Jan 202630 January 2026 | 1,452 sqft | 3,800,000 | 2,616 | ||
| 3 Jun 20253 June 2025 | 1,629 sqft | 3,765,037 | 2,311 |
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 5th floor
All 185 units in The Residences 1 (W3)501, The Residences 1 (W3) in numbers
- Sold 3 times: first on 9 November 2009 for AED 551,400, last on 28 August 2024 for AED 3,500,000 (AED 2,410 per sqft).
- Rented since September 2021 on 2 Ejari contracts, at AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2024 price is 3.0%, before a service charge of about AED 31,300 a year (AED 21.55 per sqft).
- Two-beds in The Residences 1 (W3) sold for AED 3,800,000–5,200,000 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 28 August 2024.
Questions about 501, The Residences 1 (W3)
What did unit 501 last sell for?
AED 3,500,000 on 28 August 2024: AED 2,410 per sqft for 1,452 sqft. The unit has 3 registered sales; the first was AED 551,400 in November 2009.
What is the rent for unit 501?
AED 105,000 a year on the contract renewed on 19 September 2022. The previous contract, from September 2021, was AED 105,000.
How big is unit 501?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 5th floor of a 38-storey tower completed in 2007.
What is unit 501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences 1 (W3) sold for AED 3,800,000 to 5,200,000 in the last 12 months, around AED 2,651 per sqft.
Selling 501? 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 501, The Residences 1 (W3)
Starts from the last sale price (AED 3.5M, 28 August 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 3,500,000
- Deposit, UAE resident (20%)
- AED 700,000
- Deposit, non-resident (40%)
- AED 1,400,000
- Monthly over 25 years at 3.7%
- AED 14,320
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →