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1-bed · 915 sqftThe Residences 1 (W3), Downtown Dubai · 6th floor · completed 2007

604, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in September 2021, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 604 · DLD and Ejari recordsUpdated 1 February 2024
Last soldAED 1.5M19 September 2021
Current rentAED 100K /yr1 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 604, The Residences 1 (W3)

What is 604 worth today?

Last sold for AED 1,500,000 in 2021

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1 Feb 2024RentedNew contract
AED 100,000/yr12 months · AED 109 per sqft
19 Sep 2021SoldReady
AED 1,500,000AED 1,639 per sqft
2 Jun 2019RentedNew contract
AED 90,000/yr12 months · AED 98 per sqft
1 Mar 2017RentedRenewal
AED 115,000/yr12 months · AED 126 per sqft
1 Mar 2016RentedNew contract
AED 115,000/yr12 months · AED 126 per sqft
5 Apr 2015RentedRenewal
AED 91,433/yr11 months · AED 100 per sqft
5 Apr 2014RentedNew contract
AED 90,000/yr12 months · AED 98 per sqft
16 Nov 2008Sold by developerReady · flagged as an outlier
AED 351,900AED 384 per sqft

Source: Dubai Land Department. Updated 1 February 2024.

Key facts

Type
1-bed apartment
Size
915 sqft
Floor
6th of 38
Parking
L1-751
Developer
Emaar
Completed
2007
Service charge
AED 19,700 /yr
Last sold
AED 1.5M · September 2021
Building
The Residences 1 (W3)

About 604, The Residences 1 (W3)

604 is a one-bedroom apartment of 915 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 19 September 2021 for AED 1,500,000, or AED 1,639 per sqft, 21% above the AED 1,352 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 1 February 2024, is AED 100,000 a year: a gross yield of 6.7% on the 2021 price, before the service charge of about AED 19,700 a year.

Sales and rents for 604 over time

Sales
Unit 604, each saleTypical one-bed in The Residences 1 (W3)
1M2M2008201320182023Typical sale price by year: 2008 AED 1,050,000; 2009 AED 1,146,535; 2010 AED 725,800; 2011 AED 1,030,000; 2012 AED 1,362,500; 2013 AED 1,712,500; 2014 AED 2,175,000; 2015 AED 2,047,500; 2016 AED 1,937,500; 2020 AED 1,225,000; 2021 AED 1,400,000; 2022 AED 1,502,444; 2023 AED 1,845,000; 2024 AED 2,000,000; 2025 AED 2,360,000Sold, September 2021: AED 1,500,000 (AED 1,639 per sqft)

604 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 604, each contractTypical one-bed in The Residences 1 (W3)
75K100K125K2012201620202024Typical rent by year: 2012 AED 95,000; 2013 AED 100,000; 2014 AED 119,000; 2015 AED 123,750; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 96,000; 2019 AED 90,000; 2020 AED 75,000; 2021 AED 77,000; 2022 AED 84,000; 2023 AED 104,706; 2024 AED 115,000; 2025 AED 125,000; 2026 AED 120,000New contract, April 2014: AED 90,000 a yearRenewal, April 2015: AED 91,433 a yearNew contract, March 2016: AED 115,000 a yearRenewal, March 2017: AED 115,000 a yearNew contract, June 2019: AED 90,000 a yearNew contract, February 2024: AED 100,000 a year

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 604 sits

All 75 1-beds →

604 last sold in September 2021 at AED 1,639 per sqft, 21% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,352). 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. 604's AED 100,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
10 Feb 20262,850,000
12 Jan 20262,300,000
7 Nov 20252,300,000
4 Sep 20252,600,000
2 1-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
6032-bedAED 3M · May 2012
6051-bedAED 599K · Aug 2010

604, The Residences 1 (W3) in numbers

  • Sold twice: first on 16 November 2008 for AED 351,900, last on 19 September 2021 for AED 1,500,000 (AED 1,639 per sqft).
  • Rented since April 2014 on 6 Ejari contracts, from AED 90,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2021 price is 6.7%, before a service charge of about AED 19,700 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 1 February 2024.

Questions about 604, The Residences 1 (W3)

What did unit 604 last sell for?

AED 1,500,000 on 19 September 2021: AED 1,639 per sqft for 915 sqft. The unit has 2 registered sales; the first was AED 351,900 in November 2008.

What is the rent for unit 604?

AED 100,000 a year on the contract signed on 1 February 2024. The previous contract, from June 2019, was AED 90,000; the unit has been rented since April 2014.

How big is unit 604?

915 sqft (85.0 sqm): a one-bedroom apartment on the 6th floor of a 38-storey tower completed in 2007.

What is unit 604 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 604, The Residences 1 (W3)

Starts from the last sale price (AED 1.5M, 19 September 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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