1005, The Residences 3 (W1)
Sold prices and rental history: sold 4 times, last in June 2018, 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 1005, The Residences 3 (W1)
What is 1005 worth today?
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Source: Dubai Land Department. Updated 21 June 2018.
Key facts
- Type
- 1-bed apartment
- Size
- 1,023 sqft
- Floor
- 10th of 25
- Parking
- B2-543
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 22,000 /yr
- Last sold
- AED 2.05M · June 2018
- Building
- The Residences 3 (W1)
About 1005, The Residences 3 (W1)
1005 is a one-bedroom apartment of 1,023 sqft on the 10th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 21 June 2018 for AED 2,050,000, or AED 2,003 per sqft, 31% above the AED 1,529 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, renewed on 1 May 2017, is AED 135,000 a year: a gross yield of 6.6% on the 2018 price, before the service charge of about AED 22,000 a year.
Sales and rents for 1005 over time
1005 has sold 4 times; 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 3 (W1), and where 1005 sits
All 63 1-beds →1005 last sold in June 2018 at AED 2,003 per sqft, 31% above what one-beds in The Residences 3 (W1) were fetching at the time (AED 1,529). Over the last 12 months one-beds sold for AED 2,350,000 to 3,000,000, around AED 2,443 per sqft, and rent for AED 38,667 to 160,000 a year. 1005's AED 135,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Oct 202612 October 2026 | 1,023 sqft | 2,430,000 | 2,375 | ||
| 13 Aug 202613 August 2026 | 1,023 sqft | 2,600,000 | 2,541 | ||
| 24 Jul 202624 July 2026 | 1,023 sqft | 2,500,000 | 2,443 | ||
| 1 May 20261 May 2026 | 1,023 sqft | 2,650,000 | 2,590 |
The Residences 3 (W1)
Building111 apartments, studios to 5-bed over 25 floors in Downtown Dubai, completed in 2007 by Emaar. 8 sold in the last 12 months.
- Typical price per sqft
- AED 2,492
- Typical sale
- AED 2.55M
- Typical rent
- AED 134K /yr
- Typical yield
- 5.2%
Other units on the 10th floor
All 111 units in The Residences 3 (W1)1005, The Residences 3 (W1) in numbers
- Sold 4 times: first on 21 July 2011 for AED 824,800, last on 21 June 2018 for AED 2,050,000 (AED 2,003 per sqft).
- Rented since June 2014 on 4 Ejari contracts, from AED 127,500 to AED 135,000 a year.
- At AED 135,000 a year the gross yield on the 2018 price is 6.6%, before a service charge of about AED 22,000 a year (AED 21.55 per sqft).
- One-beds in The Residences 3 (W1) sold for AED 2,350,000–3,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,492 per sqft.
Source: Dubai Land Department. Updated 21 June 2018.
Questions about 1005, The Residences 3 (W1)
What did unit 1005 last sell for?
AED 2,050,000 on 21 June 2018: AED 2,003 per sqft for 1,023 sqft. The unit has 4 registered sales; the first was AED 824,800 in July 2011.
What is the rent for unit 1005?
AED 135,000 a year on the contract renewed on 1 May 2017. The previous contract, from May 2016, was AED 130,000; the unit has been rented since June 2014.
How big is unit 1005?
1,023 sqft (95.0 sqm): a one-bedroom apartment on the 10th floor of a 25-storey tower completed in 2007.
What is unit 1005 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 3 (W1) sold for AED 2,350,000 to 3,000,000 in the last 12 months, around AED 2,443 per sqft.
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Mortgage on 1005, The Residences 3 (W1)
Starts from the last sale price (AED 2.05M, 21 June 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,050,000
- Deposit, UAE resident (20%)
- AED 410,000
- Deposit, non-resident (40%)
- AED 820,000
- Monthly over 25 years at 3.7%
- AED 8,387
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →