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1-bed · 986 sqftThe Residences 3 (W1), Downtown Dubai · 22nd floor · completed 2007

2203, The Residences 3 (W1)

Sold prices and rental history: sold 3 times, last in March 2018, and rented since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2203 · DLD and Ejari recordsUpdated 8 April 2018
Last soldAED 1.74M20 March 2018
Current rentAED 110K /yr8 April 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2203, The Residences 3 (W1)

What is 2203 worth today?

Last sold for AED 1,735,000 in 2018

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8 Apr 2018RentedNew contract
AED 110,000/yr12 months · AED 111 per sqft
20 Mar 2018SoldReady
AED 1,735,000AED 1,759 per sqft
10 Apr 2017RentedNew contract
AED 120,000/yr12 months · AED 121 per sqft
9 Apr 2014SoldReady
AED 2,630,000AED 2,667 per sqft
13 Aug 2008Sold by developerReady
AED 1,377,000AED 1,396 per sqft

Source: Dubai Land Department. Updated 8 April 2018.

Key facts

Type
1-bed apartment
Size
986 sqft
Floor
22nd of 25
Parking
G-660
Developer
Emaar
Completed
2007
Service charge
AED 21,200 /yr
Last sold
AED 1.74M · March 2018
Building
The Residences 3 (W1)

About 2203, The Residences 3 (W1)

2203 is a one-bedroom apartment of 986 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 20 March 2018 for AED 1,735,000, or AED 1,759 per sqft.

It has been rented since 2017 on 2 Ejari contracts. The current contract, signed on 8 April 2018, is AED 110,000 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 21,200 a year.

Sales and rents for 2203 over time

Sales
Unit 2203, 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, August 2008: AED 1,377,000 (AED 1,396 per sqft)Sold, April 2014: AED 2,630,000 (AED 2,667 per sqft)Sold, March 2018: AED 1,735,000 (AED 1,759 per sqft)

2203 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2203, 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, April 2017: AED 120,000 a yearNew contract, April 2018: AED 110,000 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 2203 sits

All 63 1-beds →

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. 2203's AED 110,000 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 22nd floor

All 111 units in The Residences 3 (W1)
Value
22012-bedAED 3.16M · Oct 2021
22022-bedAED 2.6M · Dec 2010
22041-bedAED 607K · Jun 2009
22051-bedAED 2.08M · Nov 2022

2203, The Residences 3 (W1) in numbers

  • Sold 3 times: first on 13 August 2008 for AED 1,377,000, last on 20 March 2018 for AED 1,735,000 (AED 1,759 per sqft).
  • Rented since April 2017 on 2 Ejari contracts, from AED 120,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2018 price is 6.3%, 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 8 April 2018.

Questions about 2203, The Residences 3 (W1)

What did unit 2203 last sell for?

AED 1,735,000 on 20 March 2018: AED 1,759 per sqft for 986 sqft. The unit has 3 registered sales; the first was AED 1,377,000 in August 2008.

What is the rent for unit 2203?

AED 110,000 a year on the contract signed on 8 April 2018. The previous contract, from April 2017, was AED 120,000.

How big is unit 2203?

986 sqft (91.6 sqm): a one-bedroom apartment on the 22nd floor of a 25-storey tower completed in 2007.

What is unit 2203 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 2203, The Residences 3 (W1)

Starts from the last sale price (AED 1.74M, 20 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,735,000
Deposit, UAE resident (20%)
AED 347,000
Deposit, non-resident (40%)
AED 694,000
Monthly over 25 years at 3.7%
AED 7,098

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