3-bed · 5,118 sqftW Residences (The Alef), Palm Jumeirah · 5th floor · completed 2020

4-501, W Residences (The Alef)

Sold prices and rental history: sold once, by the developer in June 2021, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 4-501 · DLD and Ejari recordsUpdated 21 June 2021
Last soldAED 17.06M21 June 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 4-501, W Residences (The Alef)

What is 4-501 worth today?

Last sold for AED 17,064,555 in 2021

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21 Jun 2021Sold by developerOff-plan
AED 17,064,555AED 3,334 per sqft

Source: Dubai Land Department. Updated 21 June 2021.

Key facts

Type
3-bed apartment
Size
5,118 sqft
Floor
5th of 7
Parking
G-96,G-103
Developer
ASI Real Estate Development
Completed
2020
Last sold
AED 17.06M · June 2021

About 4-501, W Residences (The Alef)

4-501 is a three-bedroom apartment of 5,118 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 . The developer sold it on 21 June 2021 for AED 17,064,555, or AED 3,334 per sqft, 18% above the AED 2,818 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 4-501 over time

Sales
Unit 4-501, 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, June 2021: AED 17,064,555 (AED 3,334 per sqft)

4-501 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 4-501, 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 4-501 sits

All 54 3-beds →

4-501 last sold in June 2021 at AED 3,334 per sqft, 18% above what three-beds in W Residences (The Alef) were fetching at the time (AED 2,818). 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 5th floor

All 104 units in W Residences (The Alef)
Value
1-5014-bedAED 23M · Jan 2023
1-5024-bedAED 33M · Feb 2026
2-5013-bedAED 19.5M · Mar 2022
2-5023-bedAED 14.33M · Jul 2017
3-5015-bedAED 19.87M · Jun 2021
3-5023-bedAED 32M · Jan 2024
4-5024-bedAED 19.02M · Apr 2022
1–7 of 15

4-501, W Residences (The Alef) in numbers

  • Sold once: by ASI Real Estate Development on 21 June 2021 for AED 17,064,555, or AED 3,334 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 21 June 2021.

Questions about 4-501, W Residences (The Alef)

What did unit 4-501 last sell for?

AED 17,064,555 on 21 June 2021, sold by the developer: AED 3,334 per sqft for 5,118 sqft. It is the only registered sale of the unit.

How big is unit 4-501?

5,118 sqft (475.5 sqm): a three-bedroom apartment on the 5th floor of a 7-storey tower completed in 2020.

What is unit 4-501 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.

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Mortgage on 4-501, W Residences (The Alef)

Starts from the last sale price (AED 17.06M, 21 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 17,064,555
Deposit, UAE resident (20%)
AED 3,412,911
Deposit, non-resident (40%)
AED 6,825,822
Monthly over 25 years at 3.7%
AED 69,816

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