1201, The Residences 7 (T3)
Sold prices and rental history: sold 3 times, last in September 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1201, The Residences 7 (T3)
What is 1201 worth today?
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Source: Dubai Land Department. Updated 18 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 12th of 40
- Parking
- 249
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 33,400 /yr
- Last sold
- AED 4.05M · September 2024
- Building
- The Residences 7 (T3)
About 1201, The Residences 7 (T3)
1201 is a two-bedroom apartment of 1,452 sqft on the 12th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 18 September 2024 for AED 4,050,000, or AED 2,789 per sqft, 21% above the AED 2,312 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 6 Ejari contracts. The current contract, renewed on 15 December 2022, is AED 125,364 a year: a gross yield of 3.1% on the 2024 price, before the service charge of about AED 33,400 a year.
Sales and rents for 1201 over time
1201 has sold 3 times; 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 1201 sits
All 72 2-beds →1201 last sold in September 2024 at AED 2,789 per sqft, 21% above what two-beds in The Residences 7 (T3) were fetching at the time (AED 2,312). 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. 1201's AED 125,364 is in the lower 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 12th floor
All 189 units in The Residences 7 (T3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1202 | 3-bed | 2,082 sqft | AED 1.41MAED 1,412,400 · Jun 2010June 2010 | 300,000 /yr | |
| 1203 | 2-bed | 825 sqft | AED 2.56MAED 2,562,500 · Dec 2025December 2025 | 110,782 /yr | |
| 1204 | 1-bed | 915 sqft | AED 1.8MAED 1,800,000 · Apr 2013April 2013 | 110,000 /yr | |
| 1205 | 1-bed | 1,046 sqft | AED 1.9MAED 1,900,000 · Jul 2024July 2024 | 130,000 /yr |
1201, The Residences 7 (T3) in numbers
- Sold 3 times: first on 2 November 2008 for AED 880,400, last on 18 September 2024 for AED 4,050,000 (AED 2,789 per sqft).
- Rented since March 2016 on 6 Ejari contracts, from AED 185,000 to AED 125,364 a year.
- At AED 125,364 a year the gross yield on the 2024 price is 3.1%, 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 18 September 2024.
Questions about 1201, The Residences 7 (T3)
What did unit 1201 last sell for?
AED 4,050,000 on 18 September 2024: AED 2,789 per sqft for 1,452 sqft. The unit has 3 registered sales; the first was AED 880,400 in November 2008.
What is the rent for unit 1201?
AED 125,364 a year on the contract renewed on 15 December 2022. The previous contract, from December 2021, was AED 123,000; the unit has been rented since March 2016.
How big is unit 1201?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 12th floor of a 40-storey tower completed in 2007.
What is unit 1201 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 1201, The Residences 7 (T3)
Starts from the last sale price (AED 4.05M, 18 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,050,000
- Deposit, UAE resident (20%)
- AED 810,000
- Deposit, non-resident (40%)
- AED 1,620,000
- Monthly over 25 years at 3.7%
- AED 16,570
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →