1001, The Residences 7 (T3)
Sold prices and rental history: sold twice, last in July 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, The Residences 7 (T3)
What is 1001 worth today?
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Source: Dubai Land Department. Updated 10 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 10th of 40
- Parking
- 579
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 33,400 /yr
- Last sold
- AED 2.15M · July 2017
- Building
- The Residences 7 (T3)
About 1001, The Residences 7 (T3)
1001 is a two-bedroom apartment of 1,452 sqft on the 10th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 9 July 2017 for AED 2,152,888, or AED 1,482 per sqft, 34% below the AED 2,230 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 9 Ejari contracts. The current contract, renewed on 10 May 2024, is AED 190,000 a year: a gross yield of 8.8% on the 2017 price, before the service charge of about AED 33,400 a year.
Sales and rents for 1001 over time
1001 has sold twice; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in The Residences 7 (T3), and where 1001 sits
All 72 2-beds →1001 last sold in July 2017 at AED 1,482 per sqft, 34% below what two-beds in The Residences 7 (T3) were fetching at the time (AED 2,230). Over the last 12 months two-beds sold for AED 2,562,500 to 5,125,000, around AED 3,106 per sqft, and rent for AED 70,000 to 290,000 a year. 1001's AED 190,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Feb 202624 February 2026 | 1,650 sqft | 5,100,000 | 3,090 | ||
| 25 Dec 202525 December 2025 | 825 sqft | 2,562,500 | 3,106 | ||
| 24 Dec 202524 December 2025 | 825 sqft | 2,562,500 | 3,105 | ||
| 10 Dec 202510 December 2025 | 1,650 sqft | 5,125,000 | 3,106 |
The Residences 7 (T3)
Building189 apartments, 1-bed to 4-bed over 40 floors in Downtown Dubai, completed in 2007 by Emaar. 5 sold in the last 12 months.
- Typical price per sqft
- AED 3,105
- Typical sale
- AED 2.56M
- Typical rent
- AED 135K /yr
- Typical yield
- 4.0%
Other units on the 10th floor
All 189 units in The Residences 7 (T3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | 3-bed | 2,082 sqft | AED 5.6MAED 5,600,000 · Oct 2022October 2022 | 250,000 /yr | |
| 1003 | 2-bed | 1,650 sqft | AED 2.8MAED 2,800,000 · Apr 2009April 2009 | 200,000 /yr | |
| 1004 | 1-bed | 915 sqft | AED 1.75MAED 1,750,000 · Jun 2023June 2023 | 135,000 /yr | |
| 1005 | 1-bed | 1,046 sqft | AED 2.71MAED 2,710,000 · Oct 2008October 2008 | 125,000 /yr |
1001, The Residences 7 (T3) in numbers
- Sold twice: first on 25 January 2010 for AED 2,152,888, last on 9 July 2017 for AED 2,152,888 (AED 1,482 per sqft).
- Rented since April 2013 on 9 Ejari contracts, from AED 60,000 to AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2017 price is 8.8%, before a service charge of about AED 33,400 a year (AED 23.00 per sqft).
- Two-beds in The Residences 7 (T3) sold for AED 2,562,500–5,125,000 in the 12 months to November 2026; the building's median across all types is AED 3,105 per sqft.
Source: Dubai Land Department. Updated 10 May 2024.
Questions about 1001, The Residences 7 (T3)
What did unit 1001 last sell for?
AED 2,152,888 on 9 July 2017: AED 1,482 per sqft for 1,452 sqft. The unit has 2 registered sales; the first was AED 2,152,888 in January 2010.
What is the rent for unit 1001?
AED 190,000 a year on the contract renewed on 10 May 2024. The previous contract, from May 2023, was AED 190,000; the unit has been rented since April 2013.
How big is unit 1001?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 10th floor of a 40-storey tower completed in 2007.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences 7 (T3) sold for AED 2,562,500 to 5,125,000 in the last 12 months, around AED 3,106 per sqft.
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Mortgage on 1001, The Residences 7 (T3)
Starts from the last sale price (AED 2.15M, 9 July 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,152,888
- Deposit, UAE resident (20%)
- AED 430,578
- Deposit, non-resident (40%)
- AED 861,155
- Monthly over 25 years at 3.7%
- AED 8,808
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →