2303, The Residences 3 (W1)
Sold prices and rental history: sold twice, last in August 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2303, The Residences 3 (W1)
What is 2303 worth today?
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Source: Dubai Land Department. Updated 15 January 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 986 sqft
- Floor
- 23rd of 25
- Parking
- G-617
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 21,200 /yr
- Last sold
- AED 2.05M · August 2022
- Building
- The Residences 3 (W1)
About 2303, The Residences 3 (W1)
2303 is a one-bedroom apartment of 986 sqft on the 23rd floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 23 August 2022 for AED 2,050,000, or AED 2,079 per sqft, 32% above the AED 1,572 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 15 January 2023, is AED 109,793 a year: a gross yield of 5.4% on the 2022 price, before the service charge of about AED 21,200 a year.
Sales and rents for 2303 over time
2303 has sold twice; the dashed line is the one-bed median of each year in the building.
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 2303 sits
All 63 1-beds →2303 last sold in August 2022 at AED 2,079 per sqft, 32% above what one-beds in The Residences 3 (W1) were fetching at the time (AED 1,572). 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. 2303's AED 109,793 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Oct 202612 October 2026 | 1,023 sqft | 2,430,000 | 2,375 | ||
| 13 Aug 202613 August 2026 | 1,023 sqft | 2,600,000 | 2,541 | ||
| 24 Jul 202624 July 2026 | 1,023 sqft | 2,500,000 | 2,443 | ||
| 1 May 20261 May 2026 | 1,023 sqft | 2,650,000 | 2,590 |
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 23rd floor
All 111 units in The Residences 3 (W1)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | 2-bed | 1,435 sqft | AED 2.5MAED 2,500,000 · Dec 2020December 2020 | 193,063 /yr | |
| 2302 | 2-bed | 1,478 sqft | AED 5.35MAED 5,350,000 · Sep 2015September 2015 | 220,000 /yr | |
| 2304 | 1-bed | 948 sqft | AED 468KAED 467,944 · May 2008May 2008 | 125,000 /yr | |
| 2305 | 1-bed | 1,023 sqft | AED 2.5MAED 2,500,000 · Nov 2025November 2025 | 145,000 /yr |
2303, The Residences 3 (W1) in numbers
- Sold twice: first on 15 October 2008 for AED 1,109,888, last on 23 August 2022 for AED 2,050,000 (AED 2,079 per sqft).
- Rented since April 2013 on 7 Ejari contracts. The rent fell from AED 140,000 to AED 80,000 in 2021 and recovered to AED 109,793 by January 2023.
- At AED 109,793 a year the gross yield on the 2022 price is 5.4%, 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 January 2023.
Questions about 2303, The Residences 3 (W1)
What did unit 2303 last sell for?
AED 2,050,000 on 23 August 2022: AED 2,079 per sqft for 986 sqft. The unit has 2 registered sales; the first was AED 1,109,888 in October 2008.
What is the rent for unit 2303?
AED 109,793 a year on the contract signed on 15 January 2023. The previous contract, from January 2022, was AED 95,000; the unit has been rented since April 2013.
How big is unit 2303?
986 sqft (91.6 sqm): a one-bedroom apartment on the 23rd floor of a 25-storey tower completed in 2007.
What is unit 2303 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 2303, The Residences 3 (W1)
Starts from the last sale price (AED 2.05M, 23 August 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,050,000
- Deposit, UAE resident (20%)
- AED 410,000
- Deposit, non-resident (40%)
- AED 820,000
- Monthly over 25 years at 3.7%
- AED 8,387
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →