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2-bed · 1,435 sqftThe Residences 3 (W1), Downtown Dubai · 12th floor · completed 2007

1201, The Residences 3 (W1)

Sold prices and rental history: sold 4 times, last in November 2022, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1201 · DLD and Ejari recordsUpdated 22 November 2022
Last soldAED 4.2M22 November 2022
Current rentAED 165K /yr20 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1201, The Residences 3 (W1)

What is 1201 worth today?

Last sold for AED 4,200,000 in 2022

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22 Nov 2022SoldReady
AED 4,200,000AED 2,926 per sqft
20 Mar 2020RentedRenewal
AED 165,000/yr12 months · AED 115 per sqft
20 Mar 2019RentedNew contract
AED 165,000/yr12 months · AED 115 per sqft
13 Jan 2014SoldReady
AED 5,350,000AED 3,728 per sqft
11 Mar 2013RentedNew contract
AED 150,000/yr12 months · AED 105 per sqft
10 Feb 2013SoldReady
AED 3,050,000AED 2,125 per sqft
16 Sep 2010Sold by developerReady
AED 1,352,800AED 942 per sqft

Source: Dubai Land Department. Updated 22 November 2022.

Key facts

Type
2-bed apartment
Size
1,435 sqft
Floor
12th of 25
Parking
B2-477
Developer
Emaar
Completed
2007
Service charge
AED 30,900 /yr
Last sold
AED 4.2M · November 2022
Building
The Residences 3 (W1)

About 1201, The Residences 3 (W1)

1201 is a two-bedroom apartment of 1,435 sqft on the 12th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 22 November 2022 for AED 4,200,000, or AED 2,926 per sqft.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 20 March 2020, is AED 165,000 a year: a gross yield of 3.9% on the 2022 price, before the service charge of about AED 30,900 a year.

Sales and rents for 1201 over time

Sales
Unit 1201, each saleTypical two-bed in The Residences 3 (W1)
2.5M5M20082012201620202024Typical sale price by year: 2008 AED 1,336,300; 2009 AED 1,534,800; 2010 AED 1,422,800; 2011 AED 2,300,000; 2012 AED 3,330,000; 2013 AED 4,450,000; 2014 AED 5,950,000; 2015 AED 5,350,000; 2021 AED 3,158,790; 2023 AED 4,300,000Sold by developer, September 2010: AED 1,352,800 (AED 942 per sqft)Sold, February 2013: AED 3,050,000 (AED 2,125 per sqft)Sold, January 2014: AED 5,350,000 (AED 3,728 per sqft)Sold, November 2022: AED 4,200,000 (AED 2,926 per sqft)

1201 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1201, each contractTypical two-bed in The Residences 3 (W1)
150K200K2012201620202024Typical rent by year: 2012 AED 147,000; 2013 AED 175,000; 2014 AED 190,000; 2015 AED 200,000; 2016 AED 195,000; 2017 AED 182,500; 2018 AED 180,000; 2019 AED 160,000; 2020 AED 145,000; 2021 AED 148,000; 2022 AED 165,000; 2023 AED 176,000; 2024 AED 209,723; 2025 AED 220,000; 2026 AED 202,500New contract, March 2013: AED 150,000 a yearNew contract, March 2019: AED 165,000 a yearRenewal, March 2020: AED 165,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Residences 3 (W1), and where 1201 sits

All 43 2-beds →

Over the last 12 months two-beds sold for AED 4,500,000, around AED 3,135 per sqft, and rent for AED 160,000 to 300,000 a year. 1201's AED 165,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
10 Sep 20264,500,000
4 Mar 20254,400,000
8 Jan 20255,850,000
8 Oct 20244,950,000
1 2-bed sale in the last 12 months

The Residences 3 (W1)

Building

111 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%
The Residences 3 (W1), Downtown Dubai: prices, sales and rents →

Other units on the 12th floor

All 111 units in The Residences 3 (W1)
Value
12022-bedAED 5.85M · Jan 2025
12031-bedAED 2M · Oct 2013
12041-bedAED 1.3M · Feb 2019
12051-bedAED 2.5M · Jul 2026

1201, The Residences 3 (W1) in numbers

  • Sold 4 times: first on 16 September 2010 for AED 1,352,800, last on 22 November 2022 for AED 4,200,000 (AED 2,926 per sqft).
  • Rented since March 2013 on 3 Ejari contracts, from AED 150,000 to AED 165,000 a year.
  • At AED 165,000 a year the gross yield on the 2022 price is 3.9%, before a service charge of about AED 30,900 a year (AED 21.55 per sqft).
  • Two-beds in The Residences 3 (W1) sold for AED 4,500,000–4,500,000 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 22 November 2022.

Questions about 1201, The Residences 3 (W1)

What did unit 1201 last sell for?

AED 4,200,000 on 22 November 2022: AED 2,926 per sqft for 1,435 sqft. The unit has 4 registered sales; the first was AED 1,352,800 in September 2010.

What is the rent for unit 1201?

AED 165,000 a year on the contract renewed on 20 March 2020. The previous contract, from March 2019, was AED 165,000; the unit has been rented since March 2013.

How big is unit 1201?

1,435 sqft (133.3 sqm): a two-bedroom apartment on the 12th floor of a 25-storey tower completed in 2007.

What is unit 1201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences 3 (W1) sold for AED 4,500,000 to 4,500,000 in the last 12 months, around AED 3,135 per sqft.

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Mortgage on 1201, The Residences 3 (W1)

Starts from the last sale price (AED 4.2M, 22 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 4,200,000
Deposit, UAE resident (20%)
AED 840,000
Deposit, non-resident (40%)
AED 1,680,000
Monthly over 25 years at 3.7%
AED 17,184

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