304, The Residences 3 (W1)
Sold prices and rental history: sold 4 times, last in March 2018, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 304, The Residences 3 (W1)
What is 304 worth today?
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Source: Dubai Land Department. Updated 20 January 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 948 sqft
- Floor
- 3rd of 25
- Parking
- P-245
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 20,400 /yr
- Last sold
- AED 1.45M · March 2018
- Building
- The Residences 3 (W1)
About 304, The Residences 3 (W1)
304 is a one-bedroom apartment of 948 sqft on the 3rd floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 29 March 2018 for AED 1,450,000, or AED 1,529 per sqft, 4% above the AED 1,474 one-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 5 Ejari contracts. The current contract, renewed on 20 January 2024, is AED 30,000 a year: a gross yield of 2.1% on the 2018 price, before the service charge of about AED 20,400 a year.
Sales and rents for 304 over time
304 has sold 4 times; 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 304 sits
All 63 1-beds →304 last sold in March 2018 at AED 1,529 per sqft, 4% above what one-beds in The Residences 3 (W1) were fetching at the time (AED 1,474). 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. 304's AED 30,000 is at the bottom 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 3rd floor
All 111 units in The Residences 3 (W1)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 1,435 sqft | AED 1.25MAED 1,253,800 · Aug 2008August 2008 | 162,500 /yr | |
| 302 | 2-bed | 1,478 sqft | AED 1.58MAED 1,575,000 · Jun 2009June 2009 | 180,000 /yr | |
| 303 | 1-bed | 986 sqft | AED 1.7MAED 1,700,000 · Aug 2022August 2022 | 125,000 /yr | |
| 305 | 1-bed | 1,023 sqft | AED 777KAED 776,800 · Sep 2010September 2010 | 90,955 /yr |
304, The Residences 3 (W1) in numbers
- Sold 4 times: first on 16 September 2010 for AED 595,800, last on 29 March 2018 for AED 1,450,000 (AED 1,529 per sqft).
- Rented since July 2016 on 5 Ejari contracts, from AED 100,000 to AED 30,000 a year.
- At AED 30,000 a year the gross yield on the 2018 price is 2.1%, before a service charge of about AED 20,400 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 20 January 2024.
Questions about 304, The Residences 3 (W1)
What did unit 304 last sell for?
AED 1,450,000 on 29 March 2018: AED 1,529 per sqft for 948 sqft. The unit has 4 registered sales; the first was AED 595,800 in September 2010.
What is the rent for unit 304?
AED 30,000 a year on the contract renewed on 20 January 2024. The previous contract, from January 2024, was AED 30,000; the unit has been rented since July 2016.
How big is unit 304?
948 sqft (88.1 sqm): a one-bedroom apartment on the 3rd floor of a 25-storey tower completed in 2007.
What is unit 304 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 304, The Residences 3 (W1)
Starts from the last sale price (AED 1.45M, 29 March 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,450,000
- Deposit, UAE resident (20%)
- AED 290,000
- Deposit, non-resident (40%)
- AED 580,000
- Monthly over 25 years at 3.7%
- AED 5,932
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →