502, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in May 2014, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, The Residences 1 (W3)
What is 502 worth today?
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Source: Dubai Land Department. Updated 21 December 2018.
Key facts
- Type
- 3-bed apartment
- Size
- 2,082 sqft
- Floor
- 5th of 38
- Parking
- P-284,P-285
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 44,900 /yr
- Last sold
- AED 1.88M · May 2014
- Building
- The Residences 1 (W3)
About 502, The Residences 1 (W3)
502 is a three-bedroom apartment of 2,082 sqft on the 5th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 13 May 2014 for AED 1,880,800, or AED 903 per sqft, 74% below the AED 3,506 three-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 21 December 2018, is AED 72,000 a year: a gross yield of 3.8% on the 2014 price, before the service charge of about AED 44,900 a year.
Sales and rents for 502 over time
502 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 502 sits
All 40 3-beds →502 last sold in May 2014 at AED 903 per sqft, 74% below what three-beds in The Residences 1 (W3) were fetching at the time (AED 3,506). 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. 502's AED 72,000 is at the bottom 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 171K /yr
- Typical yield
- 4.2%
Other units on the 5th floor
All 185 units in The Residences 1 (W3)502, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 13 May 2014 for AED 1,880,800, or AED 903 per sqft.
- Rented since December 2012 on 4 Ejari contracts, from AED 36,000 to AED 72,000 a year.
- At AED 72,000 a year the gross yield on the 2014 price is 3.8%, before a service charge of about AED 44,900 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 21 December 2018.
Questions about 502, The Residences 1 (W3)
What did unit 502 last sell for?
AED 1,880,800 on 13 May 2014, sold by the developer: AED 903 per sqft for 2,082 sqft. It is the only registered sale of the unit.
What is the rent for unit 502?
AED 72,000 a year on the contract renewed on 21 December 2018. The previous contract, from December 2016, was AED 72,000; the unit has been rented since December 2012.
How big is unit 502?
2,082 sqft (193.4 sqm): a three-bedroom apartment on the 5th floor of a 38-storey tower completed in 2007.
What is unit 502 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 502, The Residences 1 (W3)
Starts from the last sale price (AED 1.88M, 13 May 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 1,880,800
- Deposit, UAE resident (20%)
- AED 376,160
- Deposit, non-resident (40%)
- AED 752,320
- Monthly over 25 years at 3.7%
- AED 7,695
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →