305, The Residences 3 (W1)
Sold prices and rental history: sold once, by the developer in September 2010, 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 305, The Residences 3 (W1)
What is 305 worth today?
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Source: Dubai Land Department. Updated 20 December 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,023 sqft
- Floor
- 3rd of 25
- Parking
- P-246
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 22,000 /yr
- Last sold
- AED 777K · September 2010
- Building
- The Residences 3 (W1)
About 305, The Residences 3 (W1)
305 is a one-bedroom apartment of 1,023 sqft on the 3rd floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 16 September 2010 for AED 776,800, or AED 759 per sqft, in line with the AED 781 one-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 20 December 2024, is AED 90,955 a year: a gross yield of 11.7% on the 2010 price, before the service charge of about AED 22,000 a year.
Sales and rents for 305 over time
305 has sold once; 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 305 sits
All 63 1-beds →305 last sold in September 2010 at AED 759 per sqft, in line with what one-beds in The Residences 3 (W1) were fetching at the time (AED 781). 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. 305's AED 90,955 is in the lower 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 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 | |
| 304 | 1-bed | 948 sqft | AED 1.45MAED 1,450,000 · Mar 2018March 2018 | 30,000 /yr |
305, The Residences 3 (W1) in numbers
- Sold once: by Emaar on 16 September 2010 for AED 776,800, or AED 759 per sqft.
- Rented since November 2013 on 4 Ejari contracts. The rent fell from AED 120,000 to AED 70,000 in 2020 and recovered to AED 90,955 by December 2024.
- At AED 90,955 a year the gross yield on the 2010 price is 11.7%, before a service charge of about AED 22,000 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 December 2024.
Questions about 305, The Residences 3 (W1)
What did unit 305 last sell for?
AED 776,800 on 16 September 2010, sold by the developer: AED 759 per sqft for 1,023 sqft. It is the only registered sale of the unit.
What is the rent for unit 305?
AED 90,955 a year on the contract signed on 20 December 2024. The previous contract, from December 2020, was AED 70,000; the unit has been rented since November 2013.
How big is unit 305?
1,023 sqft (95.0 sqm): a one-bedroom apartment on the 3rd floor of a 25-storey tower completed in 2007.
What is unit 305 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 305, The Residences 3 (W1)
Starts from the last sale price (AED 777K, 16 September 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 776,800
- Deposit, UAE resident (20%)
- AED 155,360
- Deposit, non-resident (40%)
- AED 310,720
- Monthly over 25 years at 3.7%
- AED 3,178
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →