7-701, W Residences (The Alef)
Sold prices and rental history: sold once, by the developer in November 2022, and rented once, from November 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 7-701, W Residences (The Alef)
What is 7-701 worth today?
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Source: Dubai Land Department. Updated 20 November 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 4,996 sqft
- Floor
- 7th of 7
- Parking
- G-219,G-220
- Developer
- ASI Real Estate Development
- Completed
- 2020
- Last sold
- AED 21.41M · November 2022
- Building
- W Residences (The Alef)
About 7-701, W Residences (The Alef)
7-701 is a two-bedroom apartment of 4,996 sqft on the 7th 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 2 November 2022 for AED 21,410,555, or AED 4,285 per sqft.
One Ejari contract is registered, from 20 November 2025. The current contract, renewed on 20 November 2025, is AED 2,000,000 a year: a gross yield of 9.3% on the 2022 price.
2-beds in W Residences (The Alef), and where 7-701 sits
All 6 2-beds →| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Jul 202530 July 2025 | 6,480 sqft | 21,300,000 | 3,287 | ||
| 16 Jun 202516 June 2025 | 3,267 sqft | 5,226,496 | 1,600 | ||
| 27 Dec 202327 December 2023 | 5,632 sqft | 9,011,200 | 1,599 | ||
| 24 Jul 202324 July 2023 | 5,762 sqft | 20,935,555 | 3,633 |
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 7th floor
All 104 units in W Residences (The Alef)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1-702 | 3-bed | 6,197 sqft | AED 23.44MAED 23,442,555 · Jul 2022July 2022 | ||
| 2-701 | 3-bed | 7,429 sqft | AED 18.57MAED 18,572,180 · Jun 2025June 2025 | ||
| 3-701 | 2-bed | 3,267 sqft | AED 5.23MAED 5,226,496 · Jun 2025June 2025 | ||
| 3-702 | 3-bed | 5,918 sqft | AED 20MAED 20,000,000 · Nov 2022November 2022 | 5,000,000 /yr | |
| 4-701 | 2-bed | 5,762 sqft | AED 20.94MAED 20,935,555 · Jul 2023July 2023 | ||
| 4-702 | 3-bed | 5,925 sqft | AED 23.45MAED 23,450,555 · Jul 2022July 2022 | ||
| 5-702 | 3-bed | 6,632 sqft | AED 10.61MAED 10,611,648 · Dec 2023December 2023 | ||
| 6-701 | 5-bed | 7,305 sqft | No registered sale | ||
| 6-702 | 3-bed | 5,218 sqft | AED 20.3MAED 20,302,555 · Jul 2022July 2022 | ||
| 8-701 | 4-bed | 13,009 sqft | AED 53.7MAED 53,700,555 · Oct 2026October 2026 | 3,000,000 /yr |
7-701, W Residences (The Alef) in numbers
- Sold once: by ASI Real Estate Development on 2 November 2022 for AED 21,410,555, or AED 4,285 per sqft.
- Rented since November 2025 on one Ejari contract, at AED 2,000,000 a year.
- At AED 2,000,000 a year the gross yield on the 2022 price is 9.3%.
Source: Dubai Land Department. Updated 20 November 2025.
Questions about 7-701, W Residences (The Alef)
What did unit 7-701 last sell for?
AED 21,410,555 on 2 November 2022, sold by the developer: AED 4,285 per sqft for 4,996 sqft. It is the only registered sale of the unit.
What is the rent for unit 7-701?
AED 2,000,000 a year on the contract renewed on 20 November 2025.
How big is unit 7-701?
4,996 sqft (464.1 sqm): a two-bedroom apartment on the 7th floor of a 7-storey tower completed in 2020.
What is unit 7-701 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 7-701, W Residences (The Alef)
Starts from the last sale price (AED 21.41M, 2 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 21,410,555
- Deposit, UAE resident (20%)
- AED 4,282,111
- Deposit, non-resident (40%)
- AED 8,564,222
- Monthly over 25 years at 3.7%
- AED 87,597
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →