2-bed · 1,478 sqftThe Residences 3 (W1), Downtown Dubai · 13th floor · completed 2007

1302, The Residences 3 (W1)

Sold prices and rental history: sold twice, last in March 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1302 · DLD and Ejari recordsUpdated 23 March 2014
Last soldAED 5.8M23 March 2014
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1302, The Residences 3 (W1)

What is 1302 worth today?

Last sold for AED 5,800,000 in 2014

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23 Mar 2014SoldReady
AED 5,800,000AED 3,924 per sqft
14 Mar 2010Sold by developerReady
AED 1,426,800AED 965 per sqft

Source: Dubai Land Department. Updated 23 March 2014.

Key facts

Type
2-bed apartment
Size
1,478 sqft
Floor
13th of 25
Parking
B2-540
Developer
Emaar
Completed
2007
Service charge
AED 31,900 /yr
Last sold
AED 5.8M · March 2014

About 1302, The Residences 3 (W1)

1302 is a two-bedroom apartment of 1,478 sqft on the 13th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 23 March 2014 for AED 5,800,000, or AED 3,924 per sqft, 20% above the AED 3,261 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1302 over time

Sales
Unit 1302, 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, March 2010: AED 1,426,800 (AED 965 per sqft)Sold, March 2014: AED 5,800,000 (AED 3,924 per sqft)

1302 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1302, 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 202,500

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 1302 sits

All 43 2-beds →

1302 last sold in March 2014 at AED 3,924 per sqft, 20% above what two-beds in The Residences 3 (W1) were fetching at the time (AED 3,261). 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.

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 13th floor

All 111 units in The Residences 3 (W1)
Value
13012-bedAED 4.25M · May 2013
13031-bedAED 1.64M · Dec 2018
13041-bedAED 580K · Dec 2012
13051-bedAED 843K · Sep 2010

1302, The Residences 3 (W1) in numbers

  • Sold twice: first on 14 March 2010 for AED 1,426,800, last on 23 March 2014 for AED 5,800,000 (AED 3,924 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 23 March 2014.

Questions about 1302, The Residences 3 (W1)

What did unit 1302 last sell for?

AED 5,800,000 on 23 March 2014: AED 3,924 per sqft for 1,478 sqft. The unit has 2 registered sales; the first was AED 1,426,800 in March 2010.

How big is unit 1302?

1,478 sqft (137.3 sqm): a two-bedroom apartment on the 13th floor of a 25-storey tower completed in 2007.

What is unit 1302 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 1302, The Residences 3 (W1)

Starts from the last sale price (AED 5.8M, 23 March 2014). Switch to today's estimate once you have unlocked it.
Price
AED 5,800,000
Deposit, UAE resident (20%)
AED 1,160,000
Deposit, non-resident (40%)
AED 2,320,000
Monthly over 25 years at 3.7%
AED 23,730

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