2-bed · 1,435 sqftThe Residences 3 (W1), Downtown Dubai · 4th floor · completed 2007

401, The Residences 3 (W1)

Sold prices and rental history: sold 4 times, last in February 2015, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 401 · DLD and Ejari recordsUpdated 23 February 2015
Last soldAED 5.75M23 February 2015
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 401, The Residences 3 (W1)

What is 401 worth today?

Last sold for AED 5,750,000 in 2015

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23 Feb 2015SoldReady
AED 5,750,000AED 4,006 per sqft
14 Aug 2013SoldReady
AED 4,450,000AED 3,100 per sqft
5 Aug 2008Sold by developerReady
AED 1,264,800AED 881 per sqft
5 Aug 2008SoldReady
AED 4,200,000AED 2,926 per sqft

Source: Dubai Land Department. Updated 23 February 2015.

Key facts

Type
2-bed apartment
Size
1,435 sqft
Floor
4th of 25
Parking
P-176
Developer
Emaar
Completed
2007
Service charge
AED 30,900 /yr
Last sold
AED 5.75M · February 2015

About 401, The Residences 3 (W1)

401 is a two-bedroom apartment of 1,435 sqft on the 4th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 23 February 2015 for AED 5,750,000, or AED 4,006 per sqft, in line with the AED 4,067 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 401 over time

Sales
Unit 401, 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, August 2008: AED 1,264,800 (AED 881 per sqft)Sold, August 2008: AED 4,200,000 (AED 2,926 per sqft)Sold, August 2013: AED 4,450,000 (AED 3,100 per sqft)Sold, February 2015: AED 5,750,000 (AED 4,006 per sqft)

401 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 401, 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 202,500

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 401 sits

All 43 2-beds →

401 last sold in February 2015 at AED 4,006 per sqft, in line with what two-beds in The Residences 3 (W1) were fetching at the time (AED 4,067). 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.

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 4th floor

All 111 units in The Residences 3 (W1)
Value
4022-bedAED 5.5M · May 2016
4031-bedAED 1.25M · Sep 2010
4041-bedAED 2M · Dec 2014
4051-bedAED 775K · Aug 2018

401, The Residences 3 (W1) in numbers

  • Sold 4 times: first on 5 August 2008 for AED 4,200,000, last on 23 February 2015 for AED 5,750,000 (AED 4,006 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 23 February 2015.

Questions about 401, The Residences 3 (W1)

What did unit 401 last sell for?

AED 5,750,000 on 23 February 2015: AED 4,006 per sqft for 1,435 sqft. The unit has 4 registered sales; the first was AED 4,200,000 in August 2008.

How big is unit 401?

1,435 sqft (133.3 sqm): a two-bedroom apartment on the 4th floor of a 25-storey tower completed in 2007.

What is unit 401 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 401, The Residences 3 (W1)

Starts from the last sale price (AED 5.75M, 23 February 2015). Switch to today's estimate once you have unlocked it.
Price
AED 5,750,000
Deposit, UAE resident (20%)
AED 1,150,000
Deposit, non-resident (40%)
AED 2,300,000
Monthly over 25 years at 3.7%
AED 23,525

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