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2-bed · 1,478 sqftThe Residences 3 (W1), Downtown Dubai · 6th floor · completed 2007

602, The Residences 3 (W1)

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

Unit 602 · DLD and Ejari recordsUpdated 14 December 2014
Last soldAED 6.1M14 December 2014
Current rentAED 203K /yr5 May 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 602, The Residences 3 (W1)

What is 602 worth today?

Last sold for AED 6,100,000 in 2014

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14 Dec 2014SoldReady
AED 6,100,000AED 4,127 per sqft
5 May 2013RentedNew contract
AED 203,000/yr12 months · AED 138 per sqft
24 Sep 2012SoldReady
AED 4,050,000AED 2,740 per sqft
15 Mar 2009Sold by developerReady · flagged as an outlier
AED 671,400AED 454 per sqft

Source: Dubai Land Department. Updated 14 December 2014.

Key facts

Type
2-bed apartment
Size
1,478 sqft
Floor
6th of 25
Parking
P-187
Developer
Emaar
Completed
2007
Service charge
AED 31,900 /yr
Last sold
AED 6.1M · December 2014
Building
The Residences 3 (W1)

About 602, The Residences 3 (W1)

602 is a two-bedroom apartment of 1,478 sqft on the 6th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 14 December 2014 for AED 6,100,000, or AED 4,127 per sqft, 5% above the AED 3,924 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 May 2013. The current contract, signed on 5 May 2013, is AED 203,000 a year: a gross yield of 3.3% on the 2014 price, before the service charge of about AED 31,900 a year.

Sales and rents for 602 over time

Sales
Unit 602, 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, September 2012: AED 4,050,000 (AED 2,740 per sqft)Sold, December 2014: AED 6,100,000 (AED 4,127 per sqft)

602 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 602, 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 202,500New contract, May 2013: AED 203,000 a year

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 602 sits

All 43 2-beds →

602 last sold in December 2014 at AED 4,127 per sqft, 5% above what two-beds in The Residences 3 (W1) were fetching at the time (AED 3,924). 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. 602's AED 203,000 is in the lower half of that range.

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 6th floor

All 111 units in The Residences 3 (W1)
Value
6012-bedAED 3M · Feb 2019
6031-bedAED 2.15M · Jun 2015
6041-bedAED 559K · Nov 2008
6051-bedAED 2.65M · May 2026

602, The Residences 3 (W1) in numbers

  • Sold 3 times: first on 15 March 2009 for AED 671,400, last on 14 December 2014 for AED 6,100,000 (AED 4,127 per sqft).
  • Rented since May 2013 on one Ejari contract, at AED 203,000 a year.
  • At AED 203,000 a year the gross yield on the 2014 price is 3.3%, before a service charge of about AED 31,900 a year (AED 21.55 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 14 December 2014.

Questions about 602, The Residences 3 (W1)

What did unit 602 last sell for?

AED 6,100,000 on 14 December 2014: AED 4,127 per sqft for 1,478 sqft. The unit has 3 registered sales; the first was AED 671,400 in March 2009.

What is the rent for unit 602?

AED 203,000 a year on the contract signed on 5 May 2013.

How big is unit 602?

1,478 sqft (137.3 sqm): a two-bedroom apartment on the 6th floor of a 25-storey tower completed in 2007.

What is unit 602 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 602, The Residences 3 (W1)

Starts from the last sale price (AED 6.1M, 14 December 2014). Switch to today's estimate once you have unlocked it.
Price
AED 6,100,000
Deposit, UAE resident (20%)
AED 1,220,000
Deposit, non-resident (40%)
AED 2,440,000
Monthly over 25 years at 3.7%
AED 24,957

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