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1-bed · 1,190 sqftThe Residences 1 (W3), Downtown Dubai · Ground floor · completed 2007

G01, The Residences 1 (W3)

Sold prices and rental history: sold 4 times, last in April 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G01 · DLD and Ejari recordsUpdated 20 May 2024
Last soldAED 1.9M22 April 2024
Current rentAED 82K /yr20 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G01, The Residences 1 (W3)

What is G01 worth today?

Last sold for AED 1,900,000 in 2024

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20 May 2024RentedNew contract
AED 82,467/yr10 months · AED 69 per sqft
22 Apr 2024SoldReady
AED 1,900,000AED 1,596 per sqft
20 May 2023RentedRenewal
AED 78,540/yr12 months · AED 66 per sqft
20 May 2022RentedRenewal
AED 74,800/yr12 months · AED 63 per sqft
20 May 2021RentedNew contract
AED 68,000/yr12 months · AED 57 per sqft
20 May 2020RentedNew contract
AED 68,000/yr12 months · AED 57 per sqft
15 Oct 2019RentedRenewal
AED 70,000/yr12 months · AED 59 per sqft
15 Oct 2018RentedNew contract
AED 80,000/yr12 months · AED 67 per sqft

Source: Dubai Land Department. Updated 20 May 2024.

Key facts

Type
1-bed apartment
Size
1,190 sqft
Floor
Ground of 38
Parking
P-283
Developer
Emaar
Completed
2007
Service charge
AED 25,600 /yr
Last sold
AED 1.9M · April 2024
Building
The Residences 1 (W3)

About G01, The Residences 1 (W3)

G01 is a one-bedroom apartment of 1,190 sqft on the ground floor of The Residences 1 (W3), a 38-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 22 April 2024 for AED 1,900,000, or AED 1,596 per sqft, 10% below the AED 1,768 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 20 May 2024, is AED 82,467 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 25,600 a year.

Sales and rents for G01 over time

Sales
Unit G01, 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, September 2009: AED 1,100,000 (AED 924 per sqft)Sold, May 2012: AED 1,600,000 (AED 1,344 per sqft)Sold, April 2024: AED 1,900,000 (AED 1,596 per sqft)

G01 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit G01, 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, October 2018: AED 80,000 a yearRenewal, October 2019: AED 70,000 a yearNew contract, May 2020: AED 68,000 a yearNew contract, May 2021: AED 68,000 a yearRenewal, May 2022: AED 74,800 a yearRenewal, May 2023: AED 78,540 a yearNew contract, May 2024: AED 82,467 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 G01 sits

All 75 1-beds →

G01 last sold in April 2024 at AED 1,596 per sqft, 10% below what one-beds in The Residences 1 (W3) were fetching at the time (AED 1,768). 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. G01's AED 82,467 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 ground floor

All 185 units in The Residences 1 (W3)
Value
G023-bedAED 3.4M · Oct 2010
G031-bedAED 4M · Feb 2024

G01, The Residences 1 (W3) in numbers

  • Sold 4 times: first on 28 September 2009 for AED 592,800, last on 22 April 2024 for AED 1,900,000 (AED 1,596 per sqft).
  • Rented since October 2018 on 7 Ejari contracts. The rent fell from AED 80,000 to AED 68,000 in 2021 and recovered to AED 82,467 by May 2024.
  • At AED 82,467 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 25,600 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 20 May 2024.

Questions about G01, The Residences 1 (W3)

What did unit G01 last sell for?

AED 1,900,000 on 22 April 2024: AED 1,596 per sqft for 1,190 sqft. The unit has 4 registered sales; the first was AED 592,800 in September 2009.

What is the rent for unit G01?

AED 82,467 a year on the contract signed on 20 May 2024. The previous contract, from May 2023, was AED 78,540; the unit has been rented since October 2018.

How big is unit G01?

1,190 sqft (110.6 sqm): a one-bedroom apartment on the ground floor of a 38-storey tower completed in 2007.

What is unit G01 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 G01, The Residences 1 (W3)

Starts from the last sale price (AED 1.9M, 22 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,900,000
Deposit, UAE resident (20%)
AED 380,000
Deposit, non-resident (40%)
AED 760,000
Monthly over 25 years at 3.7%
AED 7,773

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