504, The Residences 3 (W1)
Sold prices and rental history: sold once, by the developer in January 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 504, The Residences 3 (W1)
What is 504 worth today?
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Source: Dubai Land Department. Updated 17 April 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 948 sqft
- Floor
- 5th of 25
- Parking
- P-184
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 20,400 /yr
- Last sold
- AED 620K · January 2011
- Building
- The Residences 3 (W1)
About 504, The Residences 3 (W1)
504 is a one-bedroom apartment of 948 sqft on the 5th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 17 January 2011 for AED 620,000, or AED 654 per sqft, 16% below the AED 777 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 13 Ejari contracts. The current contract, renewed on 17 April 2025, is AED 130,000 a year: a gross yield of 21.0% on the 2011 price, before the service charge of about AED 20,400 a year.
Sales and rents for 504 over time
504 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 504 sits
All 63 1-beds →504 last sold in January 2011 at AED 654 per sqft, 16% below what one-beds in The Residences 3 (W1) were fetching at the time (AED 777). 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. 504's AED 130,000 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 5th floor
All 111 units in The Residences 3 (W1)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,435 sqft | AED 1.28MAED 1,275,800 · Jul 2010July 2010 | 210,000 /yr | |
| 502 | 2-bed | 1,478 sqft | AED 2.75MAED 2,747,000 · Mar 2020March 2020 | 170,000 /yr | |
| 503 | 1-bed | 986 sqft | AED 723KAED 722,800 · Sep 2010September 2010 | 115,000 /yr | |
| 505 | 1-bed | 1,023 sqft | AED 1.97MAED 1,970,000 · Jun 2023June 2023 | 80,000 /yr |
504, The Residences 3 (W1) in numbers
- Sold once: by Emaar on 17 January 2011 for AED 620,000, or AED 654 per sqft.
- Rented since September 2014 on 13 Ejari contracts. The rent fell from AED 150,000 to AED 75,000 in 2020 and recovered to AED 130,000 by April 2025.
- At AED 130,000 a year the gross yield on the 2011 price is 21.0%, 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 17 April 2025.
Questions about 504, The Residences 3 (W1)
What did unit 504 last sell for?
AED 620,000 on 17 January 2011, sold by the developer: AED 654 per sqft for 948 sqft. It is the only registered sale of the unit.
What is the rent for unit 504?
AED 130,000 a year on the contract renewed on 17 April 2025. The previous contract, from April 2025, was AED 130,000; the unit has been rented since September 2014.
How big is unit 504?
948 sqft (88.1 sqm): a one-bedroom apartment on the 5th floor of a 25-storey tower completed in 2007.
What is unit 504 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 504, The Residences 3 (W1)
Starts from the last sale price (AED 620K, 17 January 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 620,000
- Deposit, UAE resident (20%)
- AED 124,000
- Deposit, non-resident (40%)
- AED 248,000
- Monthly over 25 years at 3.7%
- AED 2,537
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →