505, The Residences 1 (W3)
Sold prices and rental history: sold twice, last in February 2014, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, The Residences 1 (W3)
What is 505 worth today?
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Source: Dubai Land Department. Updated 19 June 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 523 sqft
- Floor
- 5th of 38
- Parking
- L1-748
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 11,300 /yr
- Last sold
- AED 656K · February 2014
- Building
- The Residences 1 (W3)
About 505, The Residences 1 (W3)
505 is a one-bedroom apartment of 523 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 12 February 2014 for AED 655,800, or AED 1,253 per sqft, 21% below the AED 1,577 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 11 Ejari contracts. The current contract, signed on 19 June 2025, is AED 120,000 a year: a gross yield of 18.3% on the 2014 price, before the service charge of about AED 11,300 a year.
Sales and rents for 505 over time
505 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 505 sits
All 75 1-beds →505 last sold in February 2014 at AED 1,253 per sqft, 21% below what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,577). 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. 505's AED 120,000 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 5th floor
All 185 units in The Residences 1 (W3)505, The Residences 1 (W3) in numbers
- Sold twice: first on 26 August 2010 for AED 655,800, last on 12 February 2014 for AED 655,800 (AED 1,253 per sqft).
- Rented since September 2016 on 11 Ejari contracts. The rent fell from AED 120,000 to AED 63,000 in 2022 and recovered to AED 120,000 by June 2025.
- At AED 120,000 a year the gross yield on the 2014 price is 18.3%, before a service charge of about AED 11,300 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 19 June 2025.
Questions about 505, The Residences 1 (W3)
What did unit 505 last sell for?
AED 655,800 on 12 February 2014: AED 1,253 per sqft for 523 sqft. The unit has 2 registered sales; the first was AED 655,800 in August 2010.
What is the rent for unit 505?
AED 120,000 a year on the contract signed on 19 June 2025. The previous contract, from June 2025, was AED 120,000; the unit has been rented since September 2016.
How big is unit 505?
523 sqft (48.6 sqm): a one-bedroom apartment on the 5th floor of a 38-storey tower completed in 2007.
What is unit 505 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.
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Mortgage on 505, The Residences 1 (W3)
Starts from the last sale price (AED 656K, 12 February 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 655,800
- Deposit, UAE resident (20%)
- AED 131,160
- Deposit, non-resident (40%)
- AED 262,320
- Monthly over 25 years at 3.7%
- AED 2,683
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →