2-bed · 1,435 sqftThe Residences 3 (W1), Downtown Dubai · 22nd floor · completed 2007

2201, The Residences 3 (W1)

Sold prices and rental history: sold twice, last in October 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2201 · DLD and Ejari recordsUpdated 28 October 2021
Last soldAED 3.16M28 October 2021
Current rentAED 145K /yr1 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2201, The Residences 3 (W1)

What is 2201 worth today?

Last sold for AED 3,158,790 in 2021

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28 Oct 2021SoldReady
AED 3,158,790AED 2,201 per sqft
1 Jun 2021RentedNew contract
AED 145,000/yr12 months · AED 101 per sqft
12 May 2020RentedRenewal
AED 140,000/yr12 months · AED 98 per sqft
12 May 2019RentedRenewal
AED 155,000/yr12 months · AED 108 per sqft
12 May 2018RentedRenewal
AED 160,000/yr12 months · AED 112 per sqft
12 May 2017RentedNew contract
AED 175,000/yr12 months · AED 122 per sqft
6 Nov 2016RentedRenewal
AED 200,000/yr12 months · AED 140 per sqft
6 Nov 2015RentedNew contract
AED 200,000/yr12 months · AED 140 per sqft

Source: Dubai Land Department. Updated 28 October 2021.

Key facts

Type
2-bed apartment
Size
1,435 sqft
Floor
22nd of 25
Parking
G-682
Developer
Emaar
Completed
2007
Service charge
AED 30,900 /yr
Last sold
AED 3.16M · October 2021

About 2201, The Residences 3 (W1)

2201 is a two-bedroom apartment of 1,435 sqft on the 22nd floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 28 October 2021 for AED 3,158,790, or AED 2,201 per sqft, 4% above the AED 2,111 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, signed on 1 June 2021, is AED 145,000 a year: a gross yield of 4.6% on the 2021 price, before the service charge of about AED 30,900 a year.

Sales and rents for 2201 over time

Sales
Unit 2201, 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 1,462,800 (AED 1,019 per sqft)Sold, October 2021: AED 3,158,790 (AED 2,201 per sqft)

2201 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2201, 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, October 2013: AED 175,000 a yearRenewal, October 2014: AED 175,000 a yearNew contract, November 2015: AED 200,000 a yearRenewal, November 2016: AED 200,000 a yearNew contract, May 2017: AED 175,000 a yearRenewal, May 2018: AED 160,000 a yearRenewal, May 2019: AED 155,000 a yearRenewal, May 2020: AED 140,000 a yearNew contract, June 2021: AED 145,000 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 2201 sits

All 43 2-beds →

2201 last sold in October 2021 at AED 2,201 per sqft, 4% above what two-beds in The Residences 3 (W1) were fetching at the time (AED 2,111). 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. 2201's AED 145,000 is at the bottom 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 22nd floor

All 111 units in The Residences 3 (W1)
Value
22022-bedAED 2.6M · Dec 2010
22031-bedAED 1.74M · Mar 2018
22041-bedAED 607K · Jun 2009
22051-bedAED 2.08M · Nov 2022

2201, The Residences 3 (W1) in numbers

  • Sold twice: first on 16 September 2010 for AED 1,462,800, last on 28 October 2021 for AED 3,158,790 (AED 2,201 per sqft).
  • Rented since October 2013 on 9 Ejari contracts, from AED 175,000 to AED 145,000 a year.
  • At AED 145,000 a year the gross yield on the 2021 price is 4.6%, 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 28 October 2021.

Questions about 2201, The Residences 3 (W1)

What did unit 2201 last sell for?

AED 3,158,790 on 28 October 2021: AED 2,201 per sqft for 1,435 sqft. The unit has 2 registered sales; the first was AED 1,462,800 in September 2010.

What is the rent for unit 2201?

AED 145,000 a year on the contract signed on 1 June 2021. The previous contract, from May 2020, was AED 140,000; the unit has been rented since October 2013.

How big is unit 2201?

1,435 sqft (133.3 sqm): a two-bedroom apartment on the 22nd floor of a 25-storey tower completed in 2007.

What is unit 2201 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 2201, The Residences 3 (W1)

Starts from the last sale price (AED 3.16M, 28 October 2021). Switch to today's estimate once you have unlocked it.
Price
AED 3,158,790
Deposit, UAE resident (20%)
AED 631,758
Deposit, non-resident (40%)
AED 1,263,516
Monthly over 25 years at 3.7%
AED 12,924

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