2-bed · 1,629 sqftThe Residences 1 (W3), Downtown Dubai · 6th floor · completed 2007

603, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in May 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 603 · DLD and Ejari recordsUpdated 16 May 2012
Last soldAED 3M16 May 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 603, The Residences 1 (W3)

What is 603 worth today?

Last sold for AED 3,000,000 in 2012

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

16 May 2012SoldReady
AED 3,000,000AED 1,841 per sqft
14 Jun 2010Sold by developerReady
AED 1,474,800AED 905 per sqft

Source: Dubai Land Department. Updated 16 May 2012.

Key facts

Type
2-bed apartment
Size
1,629 sqft
Floor
6th of 38
Parking
L1-750
Developer
Emaar
Completed
2007
Service charge
AED 35,100 /yr
Last sold
AED 3M · May 2012

About 603, The Residences 1 (W3)

603 is a two-bedroom apartment of 1,629 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 16 May 2012 for AED 3,000,000, or AED 1,841 per sqft, 16% above the AED 1,583 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 603 over time

Sales
Unit 603, each saleTypical two-bed in The Residences 1 (W3)
2M4M2008201320182023Typical sale price by year: 2008 AED 1,348,800; 2009 AED 1,726,800; 2010 AED 1,624,800; 2011 AED 2,050,000; 2012 AED 2,375,000; 2013 AED 3,125,000; 2014 AED 4,500,000; 2015 AED 3,100,000; 2021 AED 3,600,000; 2023 AED 3,700,000; 2024 AED 3,425,000; 2025 AED 3,707,519; 2026 AED 3,850,000Sold by developer, June 2010: AED 1,474,800 (AED 905 per sqft)Sold, May 2012: AED 3,000,000 (AED 1,841 per sqft)

603 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 603, each contractTypical two-bed in The Residences 1 (W3)
100K150K200K2012201620202024Typical rent by year: 2012 AED 175,000; 2013 AED 162,500; 2014 AED 177,500; 2015 AED 182,500; 2016 AED 176,875; 2017 AED 165,000; 2018 AED 155,000; 2019 AED 127,917; 2020 AED 110,750; 2021 AED 112,500; 2022 AED 138,432; 2023 AED 170,000; 2024 AED 180,000; 2025 AED 195,000; 2026 AED 185,500

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 603 sits

All 69 2-beds →

603 last sold in May 2012 at AED 1,841 per sqft, 16% above what two-beds in The Residences 1 (W3) were fetching at the time (AED 1,583). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Feb 20265,200,000
4 Feb 20263,850,000
30 Jan 20263,800,000
3 Jun 20253,765,037
3 2-bed sales in the last 12 months

The Residences 1 (W3)

Building

185 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%
The Residences 1 (W3), Downtown Dubai: prices, sales and rents →

Other units on the 6th floor

All 185 units in The Residences 1 (W3)
Value
6012-bedAED 4.5M · Jun 2014
6023-bedAED 3.9M · Feb 2010
6041-bedAED 1.5M · Sep 2021
6051-bedAED 599K · Aug 2010

603, The Residences 1 (W3) in numbers

  • Sold twice: first on 14 June 2010 for AED 1,474,800, last on 16 May 2012 for AED 3,000,000 (AED 1,841 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 16 May 2012.

Questions about 603, The Residences 1 (W3)

What did unit 603 last sell for?

AED 3,000,000 on 16 May 2012: AED 1,841 per sqft for 1,629 sqft. The unit has 2 registered sales; the first was AED 1,474,800 in June 2010.

How big is unit 603?

1,629 sqft (151.3 sqm): a two-bedroom apartment on the 6th floor of a 38-storey tower completed in 2007.

What is unit 603 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 603? 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.

How OpenOffers works

Mortgage on 603, The Residences 1 (W3)

Starts from the last sale price (AED 3M, 16 May 2012). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →