2-bed · 1,478 sqftThe Residences 3 (W1), Downtown Dubai · 8th floor · completed 2007

802, The Residences 3 (W1)

Sold prices and rental history: sold 3 times, last in October 2024, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 802 · DLD and Ejari recordsUpdated 8 October 2024
Last soldAED 4.95M8 October 2024
Current rentAED 190K /yr20 April 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 802, The Residences 3 (W1)

What is 802 worth today?

Last sold for AED 4,950,000 in 2024

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8 Oct 2024SoldReady
AED 4,950,000AED 3,349 per sqft
11 Oct 2023SoldReady
AED 4,300,000AED 2,909 per sqft
20 Apr 2023RentedRenewal
AED 190,000/yr6 months · AED 129 per sqft
20 Apr 2022RentedRenewal
AED 190,000/yr12 months · AED 129 per sqft
20 Apr 2021RentedRenewal
AED 185,000/yr12 months · AED 125 per sqft
20 Apr 2020RentedRenewal
AED 185,000/yr12 months · AED 125 per sqft
20 Apr 2019RentedRenewal
AED 185,000/yr12 months · AED 125 per sqft
20 Apr 2018RentedNew contract
AED 190,000/yr12 months · AED 129 per sqft

Source: Dubai Land Department. Updated 8 October 2024.

Key facts

Type
2-bed apartment
Size
1,478 sqft
Floor
8th of 25
Parking
L1-770
Developer
Emaar
Completed
2007
Service charge
AED 31,900 /yr
Last sold
AED 4.95M · October 2024

About 802, The Residences 3 (W1)

802 is a two-bedroom apartment of 1,478 sqft on the 8th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 8 October 2024 for AED 4,950,000, or AED 3,349 per sqft, in line with the AED 3,349 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 20 April 2023, is AED 190,000 a year: a gross yield of 3.8% on the 2024 price, before the service charge of about AED 31,900 a year.

Sales and rents for 802 over time

Sales
Unit 802, each saleTypical two-bed in The Residences 3 (W1)
2.5M5M2008201320182023Typical 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 by developer, January 2009: AED 1,366,800 (AED 924 per sqft)Sold, October 2023: AED 4,300,000 (AED 2,909 per sqft)Sold, October 2024: AED 4,950,000 (AED 3,349 per sqft)

802 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 802, 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, April 2018: AED 190,000 a yearRenewal, April 2019: AED 185,000 a yearRenewal, April 2020: AED 185,000 a yearRenewal, April 2021: AED 185,000 a yearRenewal, April 2022: AED 190,000 a yearRenewal, April 2023: AED 190,000 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 802 sits

All 43 2-beds →

802 last sold in October 2024 at AED 3,349 per sqft, in line with what two-beds in The Residences 3 (W1) were fetching at the time (AED 3,349). 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. 802's AED 190,000 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
6 May 20245,000,000
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 8th floor

All 111 units in The Residences 3 (W1)
Value
8012-bedAED 4.68M · Jul 2013
8031-bedAED 2.1M · Aug 2016
8041-bedAED 565K · Oct 2008
8051-bedAED 813K · Jan 2013

802, The Residences 3 (W1) in numbers

  • Sold 3 times: first on 28 January 2009 for AED 1,366,800, last on 8 October 2024 for AED 4,950,000 (AED 3,349 per sqft).
  • Rented since April 2018 on 6 Ejari contracts, at AED 190,000 a year.
  • At AED 190,000 a year the gross yield on the 2024 price is 3.8%, 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 October 2024.

Questions about 802, The Residences 3 (W1)

What did unit 802 last sell for?

AED 4,950,000 on 8 October 2024: AED 3,349 per sqft for 1,478 sqft. The unit has 3 registered sales; the first was AED 1,366,800 in January 2009.

What is the rent for unit 802?

AED 190,000 a year on the contract renewed on 20 April 2023. The previous contract, from April 2022, was AED 190,000; the unit has been rented since April 2018.

How big is unit 802?

1,478 sqft (137.3 sqm): a two-bedroom apartment on the 8th floor of a 25-storey tower completed in 2007.

What is unit 802 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 802, The Residences 3 (W1)

Starts from the last sale price (AED 4.95M, 8 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 4,950,000
Deposit, UAE resident (20%)
AED 990,000
Deposit, non-resident (40%)
AED 1,980,000
Monthly over 25 years at 3.7%
AED 20,252

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