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3-bed · 2,082 sqftThe Residences 7 (T3), Downtown Dubai · 14th floor · completed 2007

1402, The Residences 7 (T3)

Sold prices and rental history: sold 3 times, last in October 2020, and rented once, from April 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1402 · DLD and Ejari recordsUpdated 4 October 2020
Last soldAED 3.85M4 October 2020
Current rentAED 220K /yr3 April 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1402, The Residences 7 (T3)

What is 1402 worth today?

Last sold for AED 3,853,500 in 2020

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4 Oct 2020SoldReady
AED 3,853,500AED 1,850 per sqft
3 Apr 2017RentedNew contract
AED 220,000/yr12 months · AED 106 per sqft
31 Jan 2011SoldReady
AED 3,550,000AED 1,705 per sqft
8 Aug 2010Sold by developerReady
AED 1,426,400AED 685 per sqft

Source: Dubai Land Department. Updated 4 October 2020.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
14th of 40
Parking
598 / 599
Developer
Emaar
Completed
2007
Service charge
AED 47,900 /yr
Last sold
AED 3.85M · October 2020
Building
The Residences 7 (T3)

About 1402, The Residences 7 (T3)

1402 is a three-bedroom apartment of 2,082 sqft on the 14th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 4 October 2020 for AED 3,853,500, or AED 1,850 per sqft, in line with the AED 1,856 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 3 April 2017. The current contract, signed on 3 April 2017, is AED 220,000 a year: a gross yield of 5.7% on the 2020 price, before the service charge of about AED 47,900 a year.

Sales and rents for 1402 over time

Sales
Unit 1402, each saleTypical three-bed in The Residences 7 (T3)
5M2008201320182023Typical sale price by year: 2008 AED 3,045,800; 2009 AED 2,152,256; 2010 AED 3,196,888; 2011 AED 3,300,000; 2012 AED 4,024,888; 2014 AED 7,625,000; 2015 AED 6,700,000; 2020 AED 3,864,250; 2021 AED 3,900,000; 2022 AED 5,600,000; 2024 AED 5,374,428; 2025 AED 6,725,000Sold by developer, August 2010: AED 1,426,400 (AED 685 per sqft)Sold, January 2011: AED 3,550,000 (AED 1,705 per sqft)Sold, October 2020: AED 3,853,500 (AED 1,850 per sqft)

1402 has sold 3 times; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1402, each contractTypical three-bed in The Residences 7 (T3)
100K200K300K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 230,000; 2014 AED 290,000; 2015 AED 290,000; 2016 AED 279,500; 2017 AED 270,000; 2018 AED 234,552; 2019 AED 210,000; 2020 AED 180,000; 2021 AED 185,000; 2022 AED 210,000; 2023 AED 250,000; 2024 AED 250,000; 2025 AED 280,000; 2026 AED 300,000New contract, April 2017: AED 220,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in The Residences 7 (T3), and where 1402 sits

All 37 3-beds →

1402 last sold in October 2020 at AED 1,850 per sqft, in line with what three-beds in The Residences 7 (T3) were fetching at the time (AED 1,856). 1402's AED 220,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Jun 20256,200,000
28 May 20256,950,000
19 Feb 20256,750,000
29 Jan 20256,700,000
0 3-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 14th floor

All 189 units in The Residences 7 (T3)
Value
14012-bedAED 2.85M · Apr 2023
14032-bedAED 2.19M · May 2011
14041-bedAED 1.53M · Apr 2023
14051-bedAED 982K · Jan 2011

1402, The Residences 7 (T3) in numbers

  • Sold 3 times: first on 8 August 2010 for AED 1,426,400, last on 4 October 2020 for AED 3,853,500 (AED 1,850 per sqft).
  • Rented since April 2017 on one Ejari contract, at AED 220,000 a year.
  • At AED 220,000 a year the gross yield on the 2020 price is 5.7%, before a service charge of about AED 47,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 4 October 2020.

Questions about 1402, The Residences 7 (T3)

What did unit 1402 last sell for?

AED 3,853,500 on 4 October 2020: AED 1,850 per sqft for 2,082 sqft. The unit has 3 registered sales; the first was AED 1,426,400 in August 2010.

What is the rent for unit 1402?

AED 220,000 a year on the contract signed on 3 April 2017.

How big is unit 1402?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 14th floor of a 40-storey tower completed in 2007.

What is unit 1402 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 1402, The Residences 7 (T3)

Starts from the last sale price (AED 3.85M, 4 October 2020). Switch to today's estimate once you have unlocked it.
Price
AED 3,853,500
Deposit, UAE resident (20%)
AED 770,700
Deposit, non-resident (40%)
AED 1,541,400
Monthly over 25 years at 3.7%
AED 15,766

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