702, The Residences 3 (W1)
Sold prices and rental history: sold once, by the developer in February 2009, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 702, The Residences 3 (W1)
What is 702 worth today?
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Source: Dubai Land Department. Updated 8 May 2022.
Key facts
- Type
- 2-bed apartment
- Size
- 1,478 sqft
- Floor
- 7th of 25
- Parking
- P-121
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 31,900 /yr
- Last sold
- AED 1.35M · February 2009
- Building
- The Residences 3 (W1)
About 702, The Residences 3 (W1)
702 is a two-bedroom apartment of 1,478 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 19 February 2009 for AED 1,354,800, or AED 916 per sqft, in line with the AED 920 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 8 May 2022, is AED 150,000 a year: a gross yield of 11.1% on the 2009 price, before the service charge of about AED 31,900 a year.
Sales and rents for 702 over time
702 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 702 sits
All 43 2-beds →702 last sold in February 2009 at AED 916 per sqft, in line with what two-beds in The Residences 3 (W1) were fetching at the time (AED 920). 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. 702's AED 150,000 is at the bottom 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 | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,435 sqft | AED 1.3MAED 1,297,800 · Nov 2008November 2008 | 175,000 /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 |
702, The Residences 3 (W1) in numbers
- Sold once: by Emaar on 19 February 2009 for AED 1,354,800, or AED 916 per sqft.
- Rented since March 2016 on 6 Ejari contracts, from AED 220,000 to AED 150,000 a year.
- At AED 150,000 a year the gross yield on the 2009 price is 11.1%, 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 8 May 2022.
Questions about 702, The Residences 3 (W1)
What did unit 702 last sell for?
AED 1,354,800 on 19 February 2009, sold by the developer: AED 916 per sqft for 1,478 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 150,000 a year on the contract renewed on 8 May 2022. The previous contract, from April 2021, was AED 150,000; the unit has been rented since March 2016.
How big is unit 702?
1,478 sqft (137.3 sqm): a two-bedroom apartment on the 7th floor of a 25-storey tower completed in 2007.
What is unit 702 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 702, The Residences 3 (W1)
Starts from the last sale price (AED 1.35M, 19 February 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,354,800
- Deposit, UAE resident (20%)
- AED 270,960
- Deposit, non-resident (40%)
- AED 541,920
- Monthly over 25 years at 3.7%
- AED 5,543
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →