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1-bed · 1,023 sqftThe Residences 3 (W1), Downtown Dubai · 16th floor · completed 2007

1605, The Residences 3 (W1)

Sold prices and rental history: sold 3 times, last in March 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1605 · DLD and Ejari recordsUpdated 29 March 2015
Last soldAED 2.43M29 March 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1605, The Residences 3 (W1)

What is 1605 worth today?

Last sold for AED 2,425,000 in 2015

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29 Mar 2015SoldReady
AED 2,425,000AED 2,370 per sqft
1 Jul 2008Sold by developerReady
AED 2,759,217AED 2,697 per sqft
1 Jul 2008SoldReady
AED 860,800AED 841 per sqft

Source: Dubai Land Department. Updated 29 March 2015.

Key facts

Type
1-bed apartment
Size
1,023 sqft
Floor
16th of 25
Parking
B2-494
Developer
Emaar
Completed
2007
Service charge
AED 22,000 /yr
Last sold
AED 2.43M · March 2015
Building
The Residences 3 (W1)

About 1605, The Residences 3 (W1)

1605 is a one-bedroom apartment of 1,023 sqft on the 16th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 29 March 2015 for AED 2,425,000, or AED 2,370 per sqft, in line with the AED 2,377 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1605 over time

Sales
Unit 1605, each saleTypical one-bed in The Residences 3 (W1)
1M2M3M2008201320182023Typical sale price by year: 2008 AED 1,051,888; 2009 AED 756,800; 2010 AED 776,800; 2011 AED 824,800; 2012 AED 721,783; 2013 AED 1,850,000; 2014 AED 2,300,000; 2015 AED 2,125,000; 2016 AED 2,100,000; 2018 AED 1,640,000; 2022 AED 1,737,500; 2025 AED 2,345,000; 2026 AED 2,550,000Sold by developer, July 2008: AED 2,759,217 (AED 2,697 per sqft)Sold, July 2008: AED 860,800 (AED 841 per sqft)Sold, March 2015: AED 2,425,000 (AED 2,370 per sqft)

1605 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1605, each contractTypical one-bed in The Residences 3 (W1)
75K100K125K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 105,000; 2014 AED 122,500; 2015 AED 122,500; 2016 AED 120,000; 2017 AED 120,000; 2018 AED 105,000; 2019 AED 91,000; 2020 AED 80,000; 2021 AED 78,750; 2022 AED 95,000; 2023 AED 109,744; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 120,000

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 1605 sits

All 63 1-beds →

1605 last sold in March 2015 at AED 2,370 per sqft, in line with what one-beds in The Residences 3 (W1) were fetching at the time (AED 2,377). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Oct 20262,430,000
13 Aug 20262,600,000
24 Jul 20262,500,000
1 May 20262,650,000
7 1-bed sales 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 16th floor

All 111 units in The Residences 3 (W1)
Value
16012-bedAED 1.4M · Sep 2010
16022-bedAED 1.46M · Dec 2012
16031-bedAED 767K · Jul 2010
16041-bedAED 1.95M · Mar 2014

1605, The Residences 3 (W1) in numbers

  • Sold 3 times: first on 1 July 2008 for AED 860,800, last on 29 March 2015 for AED 2,425,000 (AED 2,370 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 29 March 2015.

Questions about 1605, The Residences 3 (W1)

What did unit 1605 last sell for?

AED 2,425,000 on 29 March 2015: AED 2,370 per sqft for 1,023 sqft. The unit has 3 registered sales; the first was AED 860,800 in July 2008.

How big is unit 1605?

1,023 sqft (95.0 sqm): a one-bedroom apartment on the 16th floor of a 25-storey tower completed in 2007.

What is unit 1605 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 1605, The Residences 3 (W1)

Starts from the last sale price (AED 2.43M, 29 March 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,425,000
Deposit, UAE resident (20%)
AED 485,000
Deposit, non-resident (40%)
AED 970,000
Monthly over 25 years at 3.7%
AED 9,921

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