3-bed · 6,992 sqftW Residences (The Alef), Palm Jumeirah · 2nd floor · completed 2020

3-202, W Residences (The Alef)

Sold prices and rental history: sold once, by the developer 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.

Unit 3-202 · DLD and Ejari recordsUpdated 10 January 2023
Last soldAED 20.01M10 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3-202, W Residences (The Alef)

What is 3-202 worth today?

Last sold for AED 20,007,555 in 2023

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10 Jan 2023Sold by developerReady
AED 20,007,555AED 2,861 per sqft

Source: Dubai Land Department. Updated 10 January 2023.

Key facts

Type
3-bed apartment
Size
6,992 sqft
Floor
2nd of 7
Parking
G-334,G-335
Developer
ASI Real Estate Development
Completed
2020
Last sold
AED 20.01M · January 2023

About 3-202, W Residences (The Alef)

3-202 is a three-bedroom apartment of 6,992 sqft on the 2nd floor of W Residences (The Alef), a 7-storey tower in Palm Jumeirah completed in 2020 by ASI Real Estate Development . The developer sold it on 10 January 2023 for AED 20,007,555, or AED 2,861 per sqft, 18% below the AED 3,505 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 3-202 over time

Sales
Unit 3-202, each saleTypical three-bed in W Residences (The Alef)
20M30M2017202020232026Typical sale price by year: 2017 AED 20,252,500; 2018 AED 16,510,000; 2019 AED 20,150,000; 2020 AED 17,555,000; 2021 AED 18,900,055; 2022 AED 21,750,278; 2023 AED 23,500,000; 2024 AED 32,500,000; 2025 AED 22,000,000Sold by developer, January 2023: AED 20,007,555 (AED 2,861 per sqft)

3-202 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3-202, each contractTypical three-bed in W Residences (The Alef)
1.8M2M2.2M2024202520262027Typical rent by year: 2024 AED 2,000,000; 2025 AED 2,000,000; 2026 AED 2,000,000

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 3-202 sits

All 54 3-beds →

3-202 last sold in January 2023 at AED 2,861 per sqft, 18% below what three-beds in W Residences (The Alef) were fetching at the time (AED 3,505). 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.

Recent 3-bed salesUnit no.Price (AED)Summary
15 Oct 202619,600,555
9 Mar 202622,000,000
28 Oct 202522,000,000
26 Jun 202539,000,000
2 3-bed sales in the last 12 months

W Residences (The Alef)

Building

104 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%
W Residences (The Alef), Palm Jumeirah: prices, sales and rents →

Other units on the 2nd floor

All 104 units in W Residences (The Alef)
Value
1-2013-bedAED 18.62M · Dec 2022
1-2023-bedAED 20.84M · Apr 2022
2-2013-bedAED 22.52M · Jul 2022
2-2023-bedAED 18.82M · Jun 2021
3-2014-bedAED 18.84M · Oct 2020
4-2015-bedAED 21.5M · Apr 2022
4-2023-bedAED 15.79M · Oct 2020
1–7 of 14

3-202, W Residences (The Alef) in numbers

  • Sold once: by ASI Real Estate Development on 10 January 2023 for AED 20,007,555, or AED 2,861 per sqft.
  • 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 January 2023.

Questions about 3-202, W Residences (The Alef)

What did unit 3-202 last sell for?

AED 20,007,555 on 10 January 2023, sold by the developer: AED 2,861 per sqft for 6,992 sqft. It is the only registered sale of the unit.

How big is unit 3-202?

6,992 sqft (649.6 sqm): a three-bedroom apartment on the 2nd floor of a 7-storey tower completed in 2020.

What is unit 3-202 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.

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Mortgage on 3-202, W Residences (The Alef)

Starts from the last sale price (AED 20.01M, 10 January 2023). Switch to today's estimate once you have unlocked it.
Price
AED 20,007,555
Deposit, UAE resident (20%)
AED 4,001,511
Deposit, non-resident (40%)
AED 8,003,022
Monthly over 25 years at 3.7%
AED 81,857

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