1-bed · 915 sqftThe Residences 7 (T3), Downtown Dubai · 14th floor · completed 2007

1404, The Residences 7 (T3)

Sold prices and rental history: sold 3 times, last in April 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1404 · DLD and Ejari recordsUpdated 25 October 2023
Last soldAED 1.53M4 April 2023
Current rentAED 79K /yr25 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1404, The Residences 7 (T3)

What is 1404 worth today?

Last sold for AED 1,530,000 in 2023

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25 Oct 2023RentedNew contract
AED 78,750/yr12 months · AED 86 per sqft
4 Apr 2023SoldReady
AED 1,530,000AED 1,672 per sqft
25 Oct 2022RentedRenewal
AED 78,750/yr12 months · AED 86 per sqft
25 Oct 2021RentedRenewal
AED 75,000/yr12 months · AED 82 per sqft
25 Oct 2020RentedRenewal
AED 75,000/yr12 months · AED 82 per sqft
25 Oct 2019RentedNew contract
AED 80,000/yr12 months · AED 87 per sqft
8 Aug 2018RentedNew contract
AED 88,000/yr12 months · AED 96 per sqft
20 Jul 2017RentedNew contract
AED 110,000/yr12 months · AED 120 per sqft

Source: Dubai Land Department. Updated 25 October 2023.

Key facts

Type
1-bed apartment
Size
915 sqft
Floor
14th of 40
Parking
269
Developer
Emaar
Completed
2007
Service charge
AED 21,000 /yr
Last sold
AED 1.53M · April 2023

About 1404, The Residences 7 (T3)

1404 is a one-bedroom apartment of 915 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 April 2023 for AED 1,530,000, or AED 1,672 per sqft, in line with the AED 1,650 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 25 October 2023, is AED 78,750 a year: a gross yield of 5.1% on the 2023 price, before the service charge of about AED 21,000 a year.

Sales and rents for 1404 over time

Sales
Unit 1404, each saleTypical one-bed in The Residences 7 (T3)
1M2M2008201320182023Typical sale price by year: 2008 AED 1,029,800; 2009 AED 1,098,800; 2010 AED 1,058,800; 2011 AED 1,045,900; 2012 AED 1,442,444; 2013 AED 1,650,000; 2014 AED 1,950,000; 2015 AED 1,950,000; 2017 AED 1,735,000; 2019 AED 1,300,000; 2021 AED 1,262,500; 2022 AED 1,510,000; 2023 AED 1,750,000; 2024 AED 1,900,000; 2025 AED 2,250,000Sold by developer, June 2009: AED 1,043,800 (AED 1,140 per sqft)Sold, May 2017: AED 1,650,000 (AED 1,803 per sqft)Sold, April 2023: AED 1,530,000 (AED 1,672 per sqft)

1404 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1404, each contractTypical one-bed in The Residences 7 (T3)
75K100K125K2012201620202024Typical rent by year: 2012 AED 81,500; 2013 AED 101,250; 2014 AED 105,000; 2015 AED 120,000; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 105,000; 2019 AED 92,000; 2020 AED 82,500; 2021 AED 79,500; 2022 AED 85,001; 2023 AED 100,000; 2024 AED 115,000; 2025 AED 122,000; 2026 AED 125,000New contract, December 2013: AED 94,500 a yearNew contract, December 2014: AED 105,000 a yearRenewal, December 2015: AED 105,000 a yearRenewal, December 2016: AED 104,420 a yearNew contract, July 2017: AED 110,000 a yearNew contract, August 2018: AED 88,000 a yearNew contract, October 2019: AED 80,000 a yearRenewal, October 2020: AED 75,000 a yearRenewal, October 2021: AED 75,000 a yearRenewal, October 2022: AED 78,750 a yearNew contract, October 2023: AED 78,750 a year

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

1-beds in The Residences 7 (T3), and where 1404 sits

All 84 1-beds →

1404 last sold in April 2023 at AED 1,672 per sqft, in line with what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,650). Over the last 12 months one-beds sold for AED 2,050,000, around AED 2,240 per sqft, and rent for AED 85,000 to 140,000 a year. 1404's AED 78,750 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Apr 20262,050,000
12 Sep 20252,500,000
20 Aug 20252,305,000
25 Jul 20252,180,000
1 1-bed sale 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
14023-bedAED 3.85M · Oct 2020
14032-bedAED 2.19M · May 2011
14051-bedAED 982K · Jan 2011

1404, The Residences 7 (T3) in numbers

  • Sold 3 times: first on 2 June 2009 for AED 1,043,800, last on 4 April 2023 for AED 1,530,000 (AED 1,672 per sqft).
  • Rented since December 2013 on 11 Ejari contracts, from AED 94,500 to AED 78,750 a year.
  • At AED 78,750 a year the gross yield on the 2023 price is 5.1%, before a service charge of about AED 21,000 a year (AED 23.00 per sqft).
  • One-beds in The Residences 7 (T3) sold for AED 2,050,000–2,050,000 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 25 October 2023.

Questions about 1404, The Residences 7 (T3)

What did unit 1404 last sell for?

AED 1,530,000 on 4 April 2023: AED 1,672 per sqft for 915 sqft. The unit has 3 registered sales; the first was AED 1,043,800 in June 2009.

What is the rent for unit 1404?

AED 78,750 a year on the contract signed on 25 October 2023. The previous contract, from October 2022, was AED 78,750; the unit has been rented since December 2013.

How big is unit 1404?

915 sqft (85.0 sqm): a one-bedroom apartment on the 14th floor of a 40-storey tower completed in 2007.

What is unit 1404 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences 7 (T3) sold for AED 2,050,000 to 2,050,000 in the last 12 months, around AED 2,240 per sqft.

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Mortgage on 1404, The Residences 7 (T3)

Starts from the last sale price (AED 1.53M, 4 April 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,530,000
Deposit, UAE resident (20%)
AED 306,000
Deposit, non-resident (40%)
AED 612,000
Monthly over 25 years at 3.7%
AED 6,260

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