1-bed · 986 sqftThe Residences 3 (W1), Downtown Dubai · 19th floor · completed 2007

1903, The Residences 3 (W1)

Sold prices and rental history: sold twice, last in December 2014, and rented once, from December 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1903 · DLD and Ejari recordsUpdated 15 December 2014
Last soldAED 2.6M15 December 2014
Current rentAED 115K /yr9 December 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1903, The Residences 3 (W1)

What is 1903 worth today?

Last sold for AED 2,600,000 in 2014

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15 Dec 2014SoldReady
AED 2,600,000AED 2,636 per sqft
9 Dec 2013RentedNew contract
AED 115,000/yr12 months · AED 116 per sqft
29 Dec 2010Sold by developerReady
AED 778,800AED 789 per sqft

Source: Dubai Land Department. Updated 15 December 2014.

Key facts

Type
1-bed apartment
Size
986 sqft
Floor
19th of 25
Parking
P-234
Developer
Emaar
Completed
2007
Service charge
AED 21,200 /yr
Last sold
AED 2.6M · December 2014

About 1903, The Residences 3 (W1)

1903 is a one-bedroom apartment of 986 sqft on the 19th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 15 December 2014 for AED 2,600,000, or AED 2,636 per sqft, 9% above the AED 2,426 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 9 December 2013. The current contract, signed on 9 December 2013, is AED 115,000 a year: a gross yield of 4.4% on the 2014 price, before the service charge of about AED 21,200 a year.

Sales and rents for 1903 over time

Sales
Unit 1903, each saleTypical one-bed in The Residences 3 (W1)
1M2M2008201320182023Typical 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, December 2010: AED 778,800 (AED 789 per sqft)Sold, December 2014: AED 2,600,000 (AED 2,636 per sqft)

1903 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1903, 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 120,000New contract, December 2013: AED 115,000 a year

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 1903 sits

All 63 1-beds →

1903 last sold in December 2014 at AED 2,636 per sqft, 9% above what one-beds in The Residences 3 (W1) were fetching at the time (AED 2,426). 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. 1903's AED 115,000 is in the upper half of that range.

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 19th floor

All 111 units in The Residences 3 (W1)
Value
19012-bedAED 2.7M · May 2011
19022-bedAED 5.28M · Jul 2013
19041-bedAED 598K · Sep 2010
19051-bedAED 879K · Jul 2010

1903, The Residences 3 (W1) in numbers

  • Sold twice: first on 29 December 2010 for AED 778,800, last on 15 December 2014 for AED 2,600,000 (AED 2,636 per sqft).
  • Rented since December 2013 on one Ejari contract, at AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2014 price is 4.4%, before a service charge of about AED 21,200 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 15 December 2014.

Questions about 1903, The Residences 3 (W1)

What did unit 1903 last sell for?

AED 2,600,000 on 15 December 2014: AED 2,636 per sqft for 986 sqft. The unit has 2 registered sales; the first was AED 778,800 in December 2010.

What is the rent for unit 1903?

AED 115,000 a year on the contract signed on 9 December 2013.

How big is unit 1903?

986 sqft (91.6 sqm): a one-bedroom apartment on the 19th floor of a 25-storey tower completed in 2007.

What is unit 1903 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 1903, The Residences 3 (W1)

Starts from the last sale price (AED 2.6M, 15 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,600,000
Deposit, UAE resident (20%)
AED 520,000
Deposit, non-resident (40%)
AED 1,040,000
Monthly over 25 years at 3.7%
AED 10,637

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