1-bed · 986 sqftThe Residences 3 (W1), Downtown Dubai · 9th floor · completed 2007

903, The Residences 3 (W1)

Sold prices and rental history: sold twice, last in February 2016, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 903 · DLD and Ejari recordsUpdated 6 October 2022
Last soldAED 2M22 February 2016
Current rentAED 110K /yr6 October 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 903, The Residences 3 (W1)

What is 903 worth today?

Last sold for AED 2,000,000 in 2016

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6 Oct 2022RentedNew contract
AED 110,000/yr12 months · AED 111 per sqft
7 Sep 2021RentedRenewal
AED 85,000/yr12 months · AED 86 per sqft
7 Sep 2020RentedRenewal
AED 85,000/yr12 months · AED 86 per sqft
7 Sep 2019RentedRenewal
AED 108,000/yr12 months · AED 109 per sqft
7 Sep 2018RentedRenewal
AED 115,000/yr12 months · AED 116 per sqft
7 Sep 2017RentedNew contract
AED 123,000/yr12 months · AED 124 per sqft
1 May 2016RentedNew contract
AED 135,000/yr12 months · AED 136 per sqft
22 Feb 2016SoldReady
AED 2,000,000AED 2,028 per sqft

Source: Dubai Land Department. Updated 6 October 2022.

Key facts

Type
1-bed apartment
Size
986 sqft
Floor
9th of 25
Parking
L1-688
Developer
Emaar
Completed
2007
Service charge
AED 21,200 /yr
Last sold
AED 2M · February 2016

About 903, The Residences 3 (W1)

903 is a one-bedroom apartment of 986 sqft on the 9th floor of The Residences 3 (W1), a 25-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 22 February 2016 for AED 2,000,000, or AED 2,028 per sqft, 5% below the AED 2,129 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 6 October 2022, is AED 110,000 a year: a gross yield of 5.5% on the 2016 price, before the service charge of about AED 21,200 a year.

Sales and rents for 903 over time

Sales
Unit 903, each saleTypical one-bed in The Residences 3 (W1)
1M2M2008201320182023Typical sale price by year: 2008 AED 1,051,888; 2009 AED 756,800; 2010 AED 776,800; 2011 AED 824,800; 2012 AED 721,783; 2013 AED 1,850,000; 2014 AED 2,300,000; 2015 AED 2,125,000; 2016 AED 2,100,000; 2018 AED 1,640,000; 2022 AED 1,737,500; 2025 AED 2,345,000; 2026 AED 2,550,000Sold by developer, May 2009: AED 738,800 (AED 749 per sqft)Sold, February 2016: AED 2,000,000 (AED 2,028 per sqft)

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

Rents
Unit 903, each contractTypical one-bed in The Residences 3 (W1)
100K2012201620202024Typical rent by year: 2012 AED 80,000; 2013 AED 105,000; 2014 AED 122,500; 2015 AED 122,500; 2016 AED 120,000; 2017 AED 120,000; 2018 AED 105,000; 2019 AED 91,000; 2020 AED 80,000; 2021 AED 78,750; 2022 AED 95,000; 2023 AED 109,744; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 120,000New contract, January 2013: AED 92,000 a yearNew contract, February 2014: AED 120,000 a yearRenewal, February 2015: AED 120,000 a yearNew contract, May 2016: AED 135,000 a yearNew contract, September 2017: AED 123,000 a yearRenewal, September 2018: AED 115,000 a yearRenewal, September 2019: AED 108,000 a yearRenewal, September 2020: AED 85,000 a yearRenewal, September 2021: AED 85,000 a yearNew contract, October 2022: AED 110,000 a year

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 903 sits

All 63 1-beds →

903 last sold in February 2016 at AED 2,028 per sqft, 5% below what one-beds in The Residences 3 (W1) were fetching at the time (AED 2,129). 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. 903's AED 110,000 is in the upper half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Oct 20262,430,000
13 Aug 20262,600,000
24 Jul 20262,500,000
1 May 20262,650,000
7 1-bed sales 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 9th floor

All 111 units in The Residences 3 (W1)
Value
9012-bedAED 1.32M · Dec 2011
9022-bedAED 6.55M · Dec 2014
9041-bedAED 626K · Sep 2010
9051-bedAED 409K · May 2008

903, The Residences 3 (W1) in numbers

  • Sold twice: first on 10 May 2009 for AED 738,800, last on 22 February 2016 for AED 2,000,000 (AED 2,028 per sqft).
  • Rented since January 2013 on 10 Ejari contracts, from AED 92,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2016 price is 5.5%, before a service charge of about AED 21,200 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 6 October 2022.

Questions about 903, The Residences 3 (W1)

What did unit 903 last sell for?

AED 2,000,000 on 22 February 2016: AED 2,028 per sqft for 986 sqft. The unit has 2 registered sales; the first was AED 738,800 in May 2009.

What is the rent for unit 903?

AED 110,000 a year on the contract signed on 6 October 2022. The previous contract, from September 2021, was AED 85,000; the unit has been rented since January 2013.

How big is unit 903?

986 sqft (91.6 sqm): a one-bedroom apartment on the 9th floor of a 25-storey tower completed in 2007.

What is unit 903 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.

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Mortgage on 903, The Residences 3 (W1)

Starts from the last sale price (AED 2M, 22 February 2016). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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