2-501, W Residences (The Alef)
Sold prices and rental history: sold twice, last in March 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2-501, W Residences (The Alef)
What is 2-501 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 10 October 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 6,599 sqft
- Floor
- 5th of 7
- Parking
- G-74,G-75
- Developer
- ASI Real Estate Development
- Completed
- 2020
- Last sold
- AED 19.5M · March 2022
- Building
- W Residences (The Alef)
About 2-501, W Residences (The Alef)
2-501 is a three-bedroom apartment of 6,599 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 23 March 2022 for AED 19,500,000, or AED 2,955 per sqft, in line with the AED 2,955 three-beds in the building were fetching at the time.
It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 10 October 2023, is AED 2,700,000 a year: a gross yield of 13.9% on the 2022 price.
Sales and rents for 2-501 over time
2-501 has sold twice; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in W Residences (The Alef), and where 2-501 sits
All 54 3-beds →2-501 last sold in March 2022 at AED 2,955 per sqft, in line with what three-beds in W Residences (The Alef) were fetching at the time (AED 2,955). Over the last 12 months three-beds sold for AED 19,600,555 to 22,000,000, around AED 3,613 per sqft, and rent for AED 1,765,000 to 2,200,000 a year. 2-501's AED 2,700,000 is at the top of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 15 Oct 202615 October 2026 | 5,469 sqft | 19,600,555 | 3,583 | ||
| 9 Mar 20269 March 2026 | 6,040 sqft | 22,000,000 | 3,642 | ||
| 28 Oct 202528 October 2025 | 6,873 sqft | 22,000,000 | 3,200 | ||
| 26 Jun 202526 June 2025 | 4,721 sqft | 39,000,000 | 8,260 |
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 | |||||
|---|---|---|---|---|---|
| 1-501 | 4-bed | 7,375 sqft | AED 23MAED 23,000,000 · Jan 2023January 2023 | ||
| 1-502 | 4-bed | 6,809 sqft | AED 33MAED 33,000,000 · Feb 2026February 2026 | ||
| 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 |
2-501, W Residences (The Alef) in numbers
- Sold twice: first on 2 October 2017 for AED 13,750,000, last on 23 March 2022 for AED 19,500,000 (AED 2,955 per sqft).
- Rented since October 2022 on 2 Ejari contracts, at AED 2,700,000 a year.
- At AED 2,700,000 a year the gross yield on the 2022 price is 13.9%.
- Three-beds in W Residences (The Alef) sold for AED 19,600,555–22,000,000 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 10 October 2023.
Questions about 2-501, W Residences (The Alef)
What did unit 2-501 last sell for?
AED 19,500,000 on 23 March 2022: AED 2,955 per sqft for 6,599 sqft. The unit has 2 registered sales; the first was AED 13,750,000 in October 2017.
What is the rent for unit 2-501?
AED 2,700,000 a year on the contract renewed on 10 October 2023. The previous contract, from October 2022, was AED 2,700,000.
How big is unit 2-501?
6,599 sqft (613.1 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2020.
What is unit 2-501 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in W Residences (The Alef) sold for AED 19,600,555 to 22,000,000 in the last 12 months, around AED 3,613 per sqft.
Selling 2-501? 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 2-501, W Residences (The Alef)
Starts from the last sale price (AED 19.5M, 23 March 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 19,500,000
- Deposit, UAE resident (20%)
- AED 3,900,000
- Deposit, non-resident (40%)
- AED 7,800,000
- Monthly over 25 years at 3.7%
- AED 79,781
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →