704, The Residences 3 (W1)
Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, The Residences 3 (W1)
What is 704 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 13 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 948 sqft
- Floor
- 7th of 25
- Parking
- P-43
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 20,400 /yr
- Last sold
- AED 562K · November 2008
- Building
- The Residences 3 (W1)
About 704, The Residences 3 (W1)
704 is a one-bedroom apartment of 948 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 9 November 2008 for AED 561,800, or AED 592 per sqft, 41% below the AED 1,008 one-beds in the building were fetching at the time.
It has been rented continuously since 2012 on 16 Ejari contracts. The current contract, renewed on 13 October 2026, is AED 120,000 a year: a gross yield of 21.4% on the 2008 price, before the service charge of about AED 20,400 a year.
Sales and rents for 704 over time
704 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 704 sits
All 63 1-beds →704 last sold in November 2008 at AED 592 per sqft, 41% below what one-beds in The Residences 3 (W1) were fetching at the time (AED 1,008). 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. 704's AED 120,000 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 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 | |
| 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 | |
| 705 | 1-bed | 1,023 sqft | AED 2.43MAED 2,430,000 · Oct 2026October 2026 | 110,000 /yr |
704, The Residences 3 (W1) in numbers
- Sold once: by Emaar on 9 November 2008 for AED 561,800, or AED 592 per sqft.
- Rented since November 2012 on 16 Ejari contracts. The rent fell from AED 95,000 to AED 78,000 in 2021 and recovered to AED 120,000 by October 2026.
- At AED 120,000 a year the gross yield on the 2008 price is 21.4%, 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 13 October 2026.
Questions about 704, The Residences 3 (W1)
What did unit 704 last sell for?
AED 561,800 on 9 November 2008, sold by the developer: AED 592 per sqft for 948 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 120,000 a year on the contract renewed on 13 October 2026. The previous contract, from October 2025, was AED 125,000; the unit has been rented since November 2012.
How big is unit 704?
948 sqft (88.1 sqm): a one-bedroom apartment on the 7th floor of a 25-storey tower completed in 2007.
What is unit 704 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.
Selling 704? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 704, The Residences 3 (W1)
Starts from the last sale price (AED 562K, 9 November 2008). Switch to today's estimate once you have unlocked it.- Price
- AED 561,800
- Deposit, UAE resident (20%)
- AED 112,360
- Deposit, non-resident (40%)
- AED 224,720
- Monthly over 25 years at 3.7%
- AED 2,298
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →