1-bed · 948 sqftThe Residences 3 (W1), Downtown Dubai · 4th floor · completed 2007

404, The Residences 3 (W1)

Sold prices and rental history: sold 3 times, last in December 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 404 · DLD and Ejari recordsUpdated 30 June 2024
Last soldAED 2M18 December 2014
Current rentAED 100K /yr30 June 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 404, The Residences 3 (W1)

What is 404 worth today?

Last sold for AED 2,000,000 in 2014

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30 Jun 2024RentedRenewal
AED 100,000/yr12 months · AED 105 per sqft
30 Jun 2023RentedRenewal
AED 97,000/yr12 months · AED 102 per sqft
30 Jun 2022RentedRenewal
AED 88,000/yr12 months · AED 93 per sqft
30 Jun 2021RentedNew contract
AED 80,000/yr12 months · AED 84 per sqft
30 Jun 2020RentedNew contract
AED 80,000/yr12 months · AED 84 per sqft
30 Jun 2018RentedRenewal
AED 110,000/yr12 months · AED 116 per sqft
30 Jun 2017RentedRenewal
AED 120,000/yr12 months · AED 127 per sqft
30 Jun 2016RentedNew contract
AED 120,000/yr12 months · AED 127 per sqft

Source: Dubai Land Department. Updated 30 June 2024.

Key facts

Type
1-bed apartment
Size
948 sqft
Floor
4th of 25
Parking
P-179
Developer
Emaar
Completed
2007
Service charge
AED 20,400 /yr
Last sold
AED 2M · December 2014

About 404, The Residences 3 (W1)

404 is a one-bedroom apartment of 948 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 18 December 2014 for AED 2,000,000, or AED 2,109 per sqft, 12% below the AED 2,405 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, renewed on 30 June 2024, is AED 100,000 a year: a gross yield of 5.0% on the 2014 price, before the service charge of about AED 20,400 a year.

Sales and rents for 404 over time

Sales
Unit 404, 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, September 2010: AED 552,800 (AED 583 per sqft)Sold, October 2014: AED 1,850,000 (AED 1,951 per sqft)Sold, December 2014: AED 2,000,000 (AED 2,109 per sqft)

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

Rents
Unit 404, 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, March 2013: AED 85,000 a yearNew contract, May 2015: AED 125,000 a yearNew contract, June 2016: AED 120,000 a yearRenewal, June 2017: AED 120,000 a yearRenewal, June 2018: AED 110,000 a yearNew contract, June 2020: AED 80,000 a yearNew contract, June 2021: AED 80,000 a yearRenewal, June 2022: AED 88,000 a yearRenewal, June 2023: AED 97,000 a yearRenewal, June 2024: AED 100,000 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 404 sits

All 63 1-beds →

404 last sold in December 2014 at AED 2,109 per sqft, 12% below what one-beds in The Residences 3 (W1) were fetching at the time (AED 2,405). 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. 404's AED 100,000 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 4th floor

All 111 units in The Residences 3 (W1)
Value
4012-bedAED 5.75M · Feb 2015
4022-bedAED 5.5M · May 2016
4031-bedAED 1.25M · Sep 2010
4051-bedAED 775K · Aug 2018

404, The Residences 3 (W1) in numbers

  • Sold 3 times: first on 16 September 2010 for AED 552,800, last on 18 December 2014 for AED 2,000,000 (AED 2,109 per sqft).
  • Rented since March 2013 on 10 Ejari contracts, from AED 85,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2014 price is 5.0%, 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 30 June 2024.

Questions about 404, The Residences 3 (W1)

What did unit 404 last sell for?

AED 2,000,000 on 18 December 2014: AED 2,109 per sqft for 948 sqft. The unit has 3 registered sales; the first was AED 552,800 in September 2010.

What is the rent for unit 404?

AED 100,000 a year on the contract renewed on 30 June 2024. The previous contract, from June 2023, was AED 97,000; the unit has been rented since March 2013.

How big is unit 404?

948 sqft (88.1 sqm): a one-bedroom apartment on the 4th floor of a 25-storey tower completed in 2007.

What is unit 404 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 404, The Residences 3 (W1)

Starts from the last sale price (AED 2M, 18 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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