601, The Residences 1 (W3)
Sold prices and rental history: sold 4 times, last in June 2014, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 601, The Residences 1 (W3)
What is 601 worth today?
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Source: Dubai Land Department. Updated 25 October 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 6th of 38
- Parking
- L1-749
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,300 /yr
- Last sold
- AED 4.5M · June 2014
- Building
- The Residences 1 (W3)
About 601, The Residences 1 (W3)
601 is a two-bedroom apartment of 1,452 sqft on the 6th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 26 June 2014 for AED 4,500,000, or AED 3,099 per sqft, in line with the AED 3,099 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 25 October 2024, is AED 220,000 a year: a gross yield of 4.9% on the 2014 price, before the service charge of about AED 31,300 a year.
Sales and rents for 601 over time
601 has sold 4 times; 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 601 sits
All 69 2-beds →601 last sold in June 2014 at AED 3,099 per sqft, in line with what two-beds in The Residences 1 (W3) were fetching at the time (AED 3,099). 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. 601's AED 220,000 is in the upper half 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 6th floor
All 185 units in The Residences 1 (W3)601, The Residences 1 (W3) in numbers
- Sold 4 times: first on 11 July 2011 for AED 1,108,800, last on 26 June 2014 for AED 4,500,000 (AED 3,099 per sqft).
- Rented since January 2014 on 6 Ejari contracts. The rent fell from AED 150,000 to AED 100,000 in 2020 and recovered to AED 220,000 by October 2024.
- At AED 220,000 a year the gross yield on the 2014 price is 4.9%, 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 25 October 2024.
Questions about 601, The Residences 1 (W3)
What did unit 601 last sell for?
AED 4,500,000 on 26 June 2014: AED 3,099 per sqft for 1,452 sqft. The unit has 4 registered sales; the first was AED 1,108,800 in July 2011.
What is the rent for unit 601?
AED 220,000 a year on the contract renewed on 25 October 2024. The previous contract, from October 2023, was AED 220,000; the unit has been rented since January 2014.
How big is unit 601?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 6th floor of a 38-storey tower completed in 2007.
What is unit 601 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.
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Mortgage on 601, The Residences 1 (W3)
Starts from the last sale price (AED 4.5M, 26 June 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 4,500,000
- Deposit, UAE resident (20%)
- AED 900,000
- Deposit, non-resident (40%)
- AED 1,800,000
- Monthly over 25 years at 3.7%
- AED 18,411
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →