704, The Residences 1 (W3)
Sold prices and rental history: sold once, by the developer in August 2010, 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 704, The Residences 1 (W3)
What is 704 worth today?
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Source: Dubai Land Department. Updated 23 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 915 sqft
- Floor
- 7th of 38
- Parking
- L1-723
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 19,700 /yr
- Last sold
- AED 1M · August 2010
- Building
- The Residences 1 (W3)
About 704, The Residences 1 (W3)
704 is a one-bedroom apartment of 915 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 1,000,000, or AED 1,092 per sqft, 32% above the AED 830 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 13 Ejari contracts. The current contract, signed on 23 July 2026, is AED 98,000 a year: a gross yield of 9.8% on the 2010 price, before the service charge of about AED 19,700 a year.
Sales and rents for 704 over time
704 has sold once; 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 704 sits
All 75 1-beds →704 last sold in August 2010 at AED 1,092 per sqft, 32% above what one-beds in The Residences 1 (W3) were fetching at the time (AED 830). 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. 704's AED 98,000 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 7th floor
All 185 units in The Residences 1 (W3)704, The Residences 1 (W3) in numbers
- Sold once: by Emaar on 26 August 2010 for AED 1,000,000, or AED 1,092 per sqft.
- Rented since March 2014 on 13 Ejari contracts. The rent fell from AED 120,000 to AED 68,000 in 2020 and recovered to AED 98,000 by July 2026.
- At AED 98,000 a year the gross yield on the 2010 price is 9.8%, 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 23 July 2026.
Questions about 704, The Residences 1 (W3)
What did unit 704 last sell for?
AED 1,000,000 on 26 August 2010, sold by the developer: AED 1,092 per sqft for 915 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 98,000 a year on the contract signed on 23 July 2026. The previous contract, from October 2025, was AED 94,500; the unit has been rented since March 2014.
How big is unit 704?
915 sqft (85.0 sqm): a one-bedroom apartment on the 7th floor of a 38-storey tower completed in 2007.
What is unit 704 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 704, The Residences 1 (W3)
Starts from the last sale price (AED 1M, 26 August 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →