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2-bed · 1,530 sqftThe Residences 7 (T3), Downtown Dubai · 1st floor · completed 2007

102, The Residences 7 (T3)

Sold prices and rental history: sold 4 times, last in November 2019, and rented since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 102 · DLD and Ejari recordsUpdated 28 November 2019
Last soldAED 2.1M28 November 2019
Current rentAED 185K /yr9 January 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 102, The Residences 7 (T3)

What is 102 worth today?

Last sold for AED 2,100,000 in 2019

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28 Nov 2019SoldReady
AED 2,100,000AED 1,372 per sqft
9 Jan 2018RentedNew contract
AED 185,000/yr12 months · AED 121 per sqft
1 Oct 2016RentedNew contract
AED 165,000/yr12 months · AED 108 per sqft
15 Aug 2015RentedNew contract
AED 170,000/yr12 months · AED 111 per sqft
6 Nov 2013SoldReady
AED 3,900,000AED 2,549 per sqft
29 Jul 2012SoldReady
AED 2,900,000AED 1,895 per sqft
1 Oct 2009Sold by developerReady
AED 1,510,944AED 987 per sqft

Source: Dubai Land Department. Updated 28 November 2019.

Key facts

Type
2-bed apartment
Size
1,530 sqft
Floor
1st of 40
Parking
464
Developer
Emaar
Completed
2007
Service charge
AED 35,200 /yr
Last sold
AED 2.1M · November 2019
Building
The Residences 7 (T3)

About 102, The Residences 7 (T3)

102 is a two-bedroom apartment of 1,530 sqft on the 1st floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 28 November 2019 for AED 2,100,000, or AED 1,372 per sqft.

It has been rented since 2015 on 3 Ejari contracts. The current contract, signed on 9 January 2018, is AED 185,000 a year: a gross yield of 8.8% on the 2019 price, before the service charge of about AED 35,200 a year.

Sales and rents for 102 over time

Sales
Unit 102, each saleTypical two-bed in The Residences 7 (T3)
2M4M2008201320182023Typical sale price by year: 2008 AED 2,521,844; 2009 AED 2,124,212; 2010 AED 2,443,888; 2011 AED 2,280,444; 2012 AED 3,000,000; 2013 AED 3,900,000; 2014 AED 4,900,000; 2015 AED 4,800,000; 2017 AED 3,900,000; 2021 AED 2,475,000; 2022 AED 3,175,000; 2023 AED 2,850,000; 2024 AED 3,732,500; 2025 AED 4,050,000Sold by developer, October 2009: AED 1,510,944 (AED 987 per sqft)Sold, July 2012: AED 2,900,000 (AED 1,895 per sqft)Sold, November 2013: AED 3,900,000 (AED 2,549 per sqft)Sold, November 2019: AED 2,100,000 (AED 1,372 per sqft)

102 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 102, each contractTypical two-bed in The Residences 7 (T3)
150K200K2012201620202024Typical rent by year: 2012 AED 161,000; 2013 AED 178,000; 2014 AED 195,000; 2015 AED 190,000; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 161,250; 2019 AED 145,000; 2020 AED 128,900; 2021 AED 125,000; 2022 AED 135,490; 2023 AED 180,000; 2024 AED 180,000; 2025 AED 200,000; 2026 AED 200,000New contract, August 2015: AED 170,000 a yearNew contract, October 2016: AED 165,000 a yearNew contract, January 2018: AED 185,000 a year

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 102 sits

All 72 2-beds →

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. 102's AED 185,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Feb 20265,100,000
25 Dec 20252,562,500
24 Dec 20252,562,500
10 Dec 20255,125,000
4 2-bed sales in the last 12 months

The Residences 7 (T3)

Building

189 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%
The Residences 7 (T3), Downtown Dubai: prices, sales and rents →

Other units on the 1st floor

All 189 units in The Residences 7 (T3)
Value
1011-bedAED 1.33M · Sep 2010

102, The Residences 7 (T3) in numbers

  • Sold 4 times: first on 1 October 2009 for AED 1,510,944, last on 28 November 2019 for AED 2,100,000 (AED 1,372 per sqft).
  • Rented since August 2015 on 3 Ejari contracts, from AED 170,000 to AED 185,000 a year.
  • At AED 185,000 a year the gross yield on the 2019 price is 8.8%, before a service charge of about AED 35,200 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 28 November 2019.

Questions about 102, The Residences 7 (T3)

What did unit 102 last sell for?

AED 2,100,000 on 28 November 2019: AED 1,372 per sqft for 1,530 sqft. The unit has 4 registered sales; the first was AED 1,510,944 in October 2009.

What is the rent for unit 102?

AED 185,000 a year on the contract signed on 9 January 2018. The previous contract, from October 2016, was AED 165,000; the unit has been rented since August 2015.

How big is unit 102?

1,530 sqft (142.1 sqm): a two-bedroom apartment on the 1st floor of a 40-storey tower completed in 2007.

What is unit 102 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 102, The Residences 7 (T3)

Starts from the last sale price (AED 2.1M, 28 November 2019). Switch to today's estimate once you have unlocked it.
Price
AED 2,100,000
Deposit, UAE resident (20%)
AED 420,000
Deposit, non-resident (40%)
AED 840,000
Monthly over 25 years at 3.7%
AED 8,592

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