702, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, The Residences 1 (W3)
What is 702 worth today?
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Source: Dubai Land Department. Updated 20 December 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 2,082 sqft
- Floor
- 7th of 38
- Parking
- G-601,G-602
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 44,900 /yr
- Last sold
- AED 1.91M · August 2010
- Building
- The Residences 1 (W3)
About 702, The Residences 1 (W3)
702 is a three-bedroom apartment of 2,082 sqft on the 7th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 26 August 2010 for AED 1,908,800, or AED 916 per sqft, 9% below the AED 1,004 three-beds in the building were fetching at the time.
It has been rented continuously since 2021 on 4 Ejari contracts. The current contract, signed on 20 December 2024, is AED 350,000 a year: a gross yield of 18.3% on the 2010 price, before the service charge of about AED 44,900 a year.
Sales and rents for 702 over time
702 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 702 sits
All 40 3-beds →702 last sold in August 2010 at AED 916 per sqft, 9% below what three-beds in The Residences 1 (W3) were fetching at the time (AED 1,004). 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. 702's AED 350,000 is in the upper half 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 7th floor
All 185 units in The Residences 1 (W3)702, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 26 August 2010 for AED 1,908,800, or AED 916 per sqft.
- Rented since November 2021 on 4 Ejari contracts, from AED 239,000 to AED 350,000 a year.
- At AED 350,000 a year the gross yield on the 2010 price is 18.3%, 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 20 December 2024.
Questions about 702, The Residences 1 (W3)
What did unit 702 last sell for?
AED 1,908,800 on 26 August 2010, sold by the developer: AED 916 per sqft for 2,082 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 350,000 a year on the contract signed on 20 December 2024. The previous contract, from December 2024, was AED 350,000; the unit has been rented since November 2021.
How big is unit 702?
2,082 sqft (193.4 sqm): a three-bedroom apartment on the 7th floor of a 38-storey tower completed in 2007.
What is unit 702 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 702, The Residences 1 (W3)
Starts from the last sale price (AED 1.91M, 26 August 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,908,800
- Deposit, UAE resident (20%)
- AED 381,760
- Deposit, non-resident (40%)
- AED 763,520
- Monthly over 25 years at 3.7%
- AED 7,809
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →