1-501, W Residences (The Alef)
Sold prices and rental history: sold twice, last in January 2023, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1-501, W Residences (The Alef)
What is 1-501 worth today?
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Source: Dubai Land Department. Updated 16 January 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 7,375 sqft
- Floor
- 5th of 7
- Parking
- G-306,G-307
- Developer
- ASI Real Estate Development
- Completed
- 2020
- Last sold
- AED 23M · January 2023
- Building
- W Residences (The Alef)
About 1-501, W Residences (The Alef)
1-501 is a four-bedroom apartment of 7,375 sqft on the 5th floor of W Residences (The Alef), a 7-storey tower in Palm Jumeirah completed in 2020 by ASI Real Estate Development . It last sold on 16 January 2023 for AED 23,000,000, or AED 3,118 per sqft, in line with the AED 3,118 four-beds in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 1-501 over time
1-501 has sold twice; the dashed line is the four-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.
4-beds in W Residences (The Alef), and where 1-501 sits
All 32 4-beds →1-501 last sold in January 2023 at AED 3,118 per sqft, in line with what four-beds in W Residences (The Alef) were fetching at the time (AED 3,118). Over the last 12 months four-beds sold for AED 33,000,000 to 53,700,555, around AED 4,846 per sqft, and rent for AED 1,600,000 to 3,206,500 a year.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 13,009 sqft | 53,700,555 | 4,128 | ||
| 5 Mar 20265 March 2026 | 7,888 sqft | 40,000,000 | 5,070 | ||
| 19 Feb 202619 February 2026 | 6,809 sqft | 33,000,000 | 4,846 | ||
| 14 Mar 202414 March 2024 | 7,888 sqft | 40,000,000 | 5,070 |
W Residences (The Alef)
Building104 apartments, 2-bed to 6-bed over 7 floors in Palm Jumeirah, completed in 2020 by ASI Real Estate Development . 6 sold in the last 12 months.
- Typical price per sqft
- AED 4,487
- Typical sale
- AED 36.5M
- Typical rent
- AED 2.1M /yr
- Typical yield
- 7.3%
Other units on the 5th floor
All 104 units in W Residences (The Alef)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1-502 | 4-bed | 6,809 sqft | AED 33MAED 33,000,000 · Feb 2026February 2026 | ||
| 2-501 | 3-bed | 6,599 sqft | AED 19.5MAED 19,500,000 · Mar 2022March 2022 | 2,700,000 /yr | |
| 2-502 | 3-bed | 5,706 sqft | AED 14.33MAED 14,325,000 · Jul 2017July 2017 | ||
| 3-501 | 5-bed | 7,545 sqft | AED 19.87MAED 19,873,555 · Jun 2021June 2021 | ||
| 3-502 | 3-bed | 6,521 sqft | AED 32MAED 32,000,000 · Jan 2024January 2024 | 1,765,000 /yr | |
| 4-501 | 3-bed | 5,118 sqft | AED 17.06MAED 17,064,555 · Jun 2021June 2021 | ||
| 4-502 | 4-bed | 7,639 sqft | AED 19.02MAED 19,020,450 · Apr 2022April 2022 | ||
| 5-501 | 3-bed | 7,338 sqft | AED 36.5MAED 36,500,000 · Dec 2024December 2024 | ||
| 5-502 | 3-bed | 5,912 sqft | AED 17.3MAED 17,300,000 · Sep 2018September 2018 | ||
| 6-501 | 5-bed | 7,333 sqft | AED 41MAED 41,000,000 · Dec 2025December 2025 | ||
| 6-502 | 4-bed | 8,493 sqft | AED 28.57MAED 28,565,555 · Apr 2022April 2022 | ||
| 7-501 | 3-bed | 6,273 sqft | AED 19.7MAED 19,703,555 · Jan 2021January 2021 | ||
| 7-502 | 3-bed | 7,749 sqft | AED 23MAED 23,000,000 · Feb 2019February 2019 | ||
| 8-501 | 3-bed | 6,978 sqft | AED 23.22MAED 23,221,555 · Mar 2021March 2021 | ||
| 8-502 | 3-bed | 9,541 sqft | AED 24.07MAED 24,074,993 · Jul 2017July 2017 |
1-501, W Residences (The Alef) in numbers
- Sold twice: first on 15 June 2021 for AED 19,205,555, last on 16 January 2023 for AED 23,000,000 (AED 3,118 per sqft).
- Four-beds in W Residences (The Alef) sold for AED 33,000,000–53,700,555 in the 12 months to November 2026; the building's median across all types is AED 4,487 per sqft.
Source: Dubai Land Department. Updated 16 January 2023.
Questions about 1-501, W Residences (The Alef)
What did unit 1-501 last sell for?
AED 23,000,000 on 16 January 2023: AED 3,118 per sqft for 7,375 sqft. The unit has 2 registered sales; the first was AED 19,205,555 in June 2021.
How big is unit 1-501?
7,375 sqft (685.2 sqm): a four-bedroom apartment on the 5th floor of a 7-storey tower completed in 2020.
What is unit 1-501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in W Residences (The Alef) sold for AED 33,000,000 to 53,700,555 in the last 12 months, around AED 4,846 per sqft.
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Mortgage on 1-501, W Residences (The Alef)
Starts from the last sale price (AED 23M, 16 January 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 23,000,000
- Deposit, UAE resident (20%)
- AED 4,600,000
- Deposit, non-resident (40%)
- AED 9,200,000
- Monthly over 25 years at 3.7%
- AED 94,100
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →