1502, The Residences 3 (W1)
Sold prices and rental history: sold twice, last in May 2024, 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 1502, The Residences 3 (W1)
What is 1502 worth today?
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Source: Dubai Land Department. Updated 6 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,478 sqft
- Floor
- 15th of 25
- Parking
- B2-486
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,900 /yr
- Last sold
- AED 5M · May 2024
- Building
- The Residences 3 (W1)
About 1502, The Residences 3 (W1)
1502 is a two-bedroom apartment of 1,478 sqft on the 15th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 6 May 2024 for AED 5,000,000, or AED 3,382 per sqft, 16% above the AED 2,909 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 26 May 2019, is AED 200,000 a year: a gross yield of 4.0% on the 2024 price, before the service charge of about AED 31,900 a year.
Sales and rents for 1502 over time
1502 has sold twice; the dashed line is the two-bed median of each year in the building.
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 1502 sits
All 43 2-beds →1502 last sold in May 2024 at AED 3,382 per sqft, 16% above what two-beds in The Residences 3 (W1) were fetching at the time (AED 2,909). 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. 1502's AED 200,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Sep 202610 September 2026 | 1,435 sqft | 4,500,000 | 3,135 | ||
| 4 Mar 20254 March 2025 | 1,435 sqft | 4,400,000 | 3,066 | ||
| 8 Jan 20258 January 2025 | 1,478 sqft | 5,850,000 | 3,958 | ||
| 8 Oct 20248 October 2024 | 1,478 sqft | 4,950,000 | 3,349 |
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 15th floor
All 111 units in The Residences 3 (W1)1502, The Residences 3 (W1) in numbers
- Sold twice: first on 22 August 2010 for AED 1,450,800, last on 6 May 2024 for AED 5,000,000 (AED 3,382 per sqft).
- Rented since June 2014 on 4 Ejari contracts, from AED 210,000 to AED 200,000 a year.
- At AED 200,000 a year the gross yield on the 2024 price is 4.0%, before a service charge of about AED 31,900 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 6 May 2024.
Questions about 1502, The Residences 3 (W1)
What did unit 1502 last sell for?
AED 5,000,000 on 6 May 2024: AED 3,382 per sqft for 1,478 sqft. The unit has 2 registered sales; the first was AED 1,450,800 in August 2010.
What is the rent for unit 1502?
AED 200,000 a year on the contract signed on 26 May 2019. The previous contract, from October 2017, was AED 200,000; the unit has been rented since June 2014.
How big is unit 1502?
1,478 sqft (137.3 sqm): a two-bedroom apartment on the 15th floor of a 25-storey tower completed in 2007.
What is unit 1502 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 1502, The Residences 3 (W1)
Starts from the last sale price (AED 5M, 6 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 5,000,000
- Deposit, UAE resident (20%)
- AED 1,000,000
- Deposit, non-resident (40%)
- AED 2,000,000
- Monthly over 25 years at 3.7%
- AED 20,457
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →