3-bed · 7,342 sqftW Residences (The Alef), Palm Jumeirah · 4th floor · completed 2020

5-401, W Residences (The Alef)

Sold prices and rental history: sold once, by the developer in August 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 5-401 · DLD and Ejari recordsUpdated 28 August 2017
Last soldAED 21M28 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 5-401, W Residences (The Alef)

What is 5-401 worth today?

Last sold for AED 21,000,000 in 2017

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

28 Aug 2017Sold by developerOff-plan
AED 21,000,000AED 2,860 per sqft

Source: Dubai Land Department. Updated 28 August 2017.

Key facts

Type
3-bed apartment
Size
7,342 sqft
Floor
4th of 7
Parking
G-231,G-268
Developer
ASI Real Estate Development
Completed
2020
Last sold
AED 21M · August 2017

About 5-401, W Residences (The Alef)

5-401 is a three-bedroom apartment of 7,342 sqft on the 4th 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 28 August 2017 for AED 21,000,000, or AED 2,860 per sqft, in line with the AED 2,860 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 5-401 over time

Sales
Unit 5-401, 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, August 2017: AED 21,000,000 (AED 2,860 per sqft)

5-401 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 5-401, 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 5-401 sits

All 54 3-beds →

5-401 last sold in August 2017 at AED 2,860 per sqft, in line with what three-beds in W Residences (The Alef) were fetching at the time (AED 2,860). 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 4th floor

All 104 units in W Residences (The Alef)
Value
1-4014-bedAED 18.68M · Oct 2020
1-4024-bedAED 20.33M · Mar 2021
2-4013-bedNo registered sale
2-4023-bedAED 17.56M · Oct 2020
3-4014-bedAED 16.56M · Mar 2021
3-4023-bedAED 17.7M · Mar 2021
4-4015-bedAED 21.07M · Sep 2018
1–7 of 15

5-401, W Residences (The Alef) in numbers

  • Sold once: by ASI Real Estate Development on 28 August 2017 for AED 21,000,000, or AED 2,860 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 28 August 2017.

Questions about 5-401, W Residences (The Alef)

What did unit 5-401 last sell for?

AED 21,000,000 on 28 August 2017, sold by the developer: AED 2,860 per sqft for 7,342 sqft. It is the only registered sale of the unit.

How big is unit 5-401?

7,342 sqft (682.1 sqm): a three-bedroom apartment on the 4th floor of a 7-storey tower completed in 2020.

What is unit 5-401 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 5-401? 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.

How OpenOffers works

Mortgage on 5-401, W Residences (The Alef)

Starts from the last sale price (AED 21M, 28 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 21,000,000
Deposit, UAE resident (20%)
AED 4,200,000
Deposit, non-resident (40%)
AED 8,400,000
Monthly over 25 years at 3.7%
AED 85,918

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