701, The Residences 3 (W1)
Sold prices and rental history: sold once, by the developer in November 2008, 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 701, The Residences 3 (W1)
What is 701 worth today?
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Source: Dubai Land Department. Updated 3 May 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,435 sqft
- Floor
- 7th of 25
- Parking
- P-120
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 30,900 /yr
- Last sold
- AED 1.3M · November 2008
- Building
- The Residences 3 (W1)
About 701, The Residences 3 (W1)
701 is a two-bedroom apartment of 1,435 sqft on the 7th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 2 November 2008 for AED 1,297,800, or AED 904 per sqft, in line with the AED 924 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, signed on 3 May 2022, is AED 175,000 a year: a gross yield of 13.5% on the 2008 price, before the service charge of about AED 30,900 a year.
Sales and rents for 701 over time
701 has sold once; the dashed line is the two-bed median of each year in the building.
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 701 sits
All 43 2-beds →701 last sold in November 2008 at AED 904 per sqft, in line with what two-beds in The Residences 3 (W1) were fetching at the time (AED 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. 701's AED 175,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Sep 202610 September 2026 | 1,435 sqft | 4,500,000 | 3,135 | ||
| 4 Mar 20254 March 2025 | 1,435 sqft | 4,400,000 | 3,066 | ||
| 8 Jan 20258 January 2025 | 1,478 sqft | 5,850,000 | 3,958 | ||
| 8 Oct 20248 October 2024 | 1,478 sqft | 4,950,000 | 3,349 |
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 7th floor
All 111 units in The Residences 3 (W1)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 1,478 sqft | AED 1.35MAED 1,354,800 · Feb 2009February 2009 | 150,000 /yr | |
| 703 | 1-bed | 986 sqft | AED 731KAED 730,800 · Sep 2010September 2010 | 126,000 /yr | |
| 704 | 1-bed | 948 sqft | AED 562KAED 561,800 · Nov 2008November 2008 | 120,000 /yr | |
| 705 | 1-bed | 1,023 sqft | AED 2.43MAED 2,430,000 · Oct 2026October 2026 | 110,000 /yr |
701, The Residences 3 (W1) in numbers
- Sold once: by Emaar on 2 November 2008 for AED 1,297,800, or AED 904 per sqft.
- Rented since April 2014 on 7 Ejari contracts. The rent fell from AED 190,000 to AED 125,000 in 2021 and recovered to AED 175,000 by May 2022.
- At AED 175,000 a year the gross yield on the 2008 price is 13.5%, before a service charge of about AED 30,900 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 3 May 2022.
Questions about 701, The Residences 3 (W1)
What did unit 701 last sell for?
AED 1,297,800 on 2 November 2008, sold by the developer: AED 904 per sqft for 1,435 sqft. It is the only registered sale of the unit.
What is the rent for unit 701?
AED 175,000 a year on the contract signed on 3 May 2022. The previous contract, from April 2021, was AED 125,000; the unit has been rented since April 2014.
How big is unit 701?
1,435 sqft (133.3 sqm): a two-bedroom apartment on the 7th floor of a 25-storey tower completed in 2007.
What is unit 701 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 701, The Residences 3 (W1)
Starts from the last sale price (AED 1.3M, 2 November 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 1,297,800
- Deposit, UAE resident (20%)
- AED 259,560
- Deposit, non-resident (40%)
- AED 519,120
- Monthly over 25 years at 3.7%
- AED 5,310
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →