1-bed · 1,046 sqftThe Residences 1 (W3), Downtown Dubai · 9th floor · completed 2007

905, The Residences 1 (W3)

Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 905 · DLD and Ejari recordsUpdated 25 March 2024
Last soldAED 1.8M25 March 2024
Current rentAED 67K /yr20 May 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 905, The Residences 1 (W3)

What is 905 worth today?

Last sold for AED 1,800,000 in 2024

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25 Mar 2024SoldReady
AED 1,800,000AED 1,720 per sqft
20 May 2022RentedRenewal
AED 67,000/yr12 months · AED 64 per sqft
20 May 2021RentedNew contract
AED 63,000/yr12 months · AED 60 per sqft
3 Feb 2020RentedNew contract
AED 75,000/yr12 months · AED 72 per sqft
10 Dec 2017RentedRenewal
AED 105,000/yr12 months · AED 101 per sqft
10 Dec 2016RentedRenewal
AED 105,000/yr12 months · AED 101 per sqft
10 Dec 2015RentedNew contract
AED 105,000/yr12 months · AED 101 per sqft
1 Sep 2013RentedNew contract
AED 100,000/yr12 months · AED 96 per sqft

Source: Dubai Land Department. Updated 25 March 2024.

Key facts

Type
1-bed apartment
Size
1,046 sqft
Floor
9th of 38
Parking
L1-779
Developer
Emaar
Completed
2007
Service charge
AED 22,500 /yr
Last sold
AED 1.8M · March 2024

About 905, The Residences 1 (W3)

905 is a one-bedroom apartment of 1,046 sqft on the 9th floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 25 March 2024 for AED 1,800,000, or AED 1,720 per sqft, 5% below the AED 1,813 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, renewed on 20 May 2022, is AED 67,000 a year: a gross yield of 3.7% on the 2024 price, before the service charge of about AED 22,500 a year.

Sales and rents for 905 over time

Sales
Unit 905, 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 by developer, November 2008: AED 1,200,000 (AED 1,147 per sqft)Sold, March 2024: AED 1,800,000 (AED 1,720 per sqft)

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

Rents
Unit 905, each contractTypical one-bed in The Residences 1 (W3)
100K2012201620202024Typical 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, September 2013: AED 100,000 a yearNew contract, December 2015: AED 105,000 a yearRenewal, December 2016: AED 105,000 a yearRenewal, December 2017: AED 105,000 a yearNew contract, February 2020: AED 75,000 a yearNew contract, May 2021: AED 63,000 a yearRenewal, May 2022: AED 67,000 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 905 sits

All 75 1-beds →

905 last sold in March 2024 at AED 1,720 per sqft, 5% below what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,813). 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. 905's AED 67,000 is at the bottom 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 9th floor

All 185 units in The Residences 1 (W3)
Value
9012-bedAED 3.8M · Jan 2026
9023-bedAED 3.5M · Jan 2020
9032-bedAED 6M · Aug 2024
9041-bedAED 719K · Jul 2010

905, The Residences 1 (W3) in numbers

  • Sold twice: first on 13 November 2008 for AED 1,200,000, last on 25 March 2024 for AED 1,800,000 (AED 1,720 per sqft).
  • Rented since September 2013 on 7 Ejari contracts, from AED 100,000 to AED 67,000 a year.
  • At AED 67,000 a year the gross yield on the 2024 price is 3.7%, before a service charge of about AED 22,500 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 25 March 2024.

Questions about 905, The Residences 1 (W3)

What did unit 905 last sell for?

AED 1,800,000 on 25 March 2024: AED 1,720 per sqft for 1,046 sqft. The unit has 2 registered sales; the first was AED 1,200,000 in November 2008.

What is the rent for unit 905?

AED 67,000 a year on the contract renewed on 20 May 2022. The previous contract, from May 2021, was AED 63,000; the unit has been rented since September 2013.

How big is unit 905?

1,046 sqft (97.2 sqm): a one-bedroom apartment on the 9th floor of a 38-storey tower completed in 2007.

What is unit 905 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 905, The Residences 1 (W3)

Starts from the last sale price (AED 1.8M, 25 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,800,000
Deposit, UAE resident (20%)
AED 360,000
Deposit, non-resident (40%)
AED 720,000
Monthly over 25 years at 3.7%
AED 7,364

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