1503, The Residences 7 (T3)
Sold prices and rental history: sold 3 times, last in September 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1503, The Residences 7 (T3)
What is 1503 worth today?
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Source: Dubai Land Department. Updated 5 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,650 sqft
- Floor
- 15th of 40
- Parking
- 484
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 38,000 /yr
- Last sold
- AED 4.01M · September 2024
- Building
- The Residences 7 (T3)
About 1503, The Residences 7 (T3)
1503 is a two-bedroom apartment of 1,650 sqft on the 15th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 5 September 2024 for AED 4,011,000, or AED 2,430 per sqft, 6% above the AED 2,292 two-beds in the building were fetching at the time.
It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 December 2023, is AED 190,000 a year: a gross yield of 4.7% on the 2024 price, before the service charge of about AED 38,000 a year.
Sales and rents for 1503 over time
1503 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 1503 sits
All 72 2-beds →1503 last sold in September 2024 at AED 2,430 per sqft, 6% above what two-beds in The Residences 7 (T3) were fetching at the time (AED 2,292). 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. 1503'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 15th floor
All 189 units in The Residences 7 (T3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1501 | 2-bed | 1,452 sqft | AED 4.05MAED 4,050,000 · Jul 2025July 2025 | 141,152 /yr | |
| 1502 | 3-bed | 2,082 sqft | AED 2.78MAED 2,780,796 · Mar 2010March 2010 | 257,920 /yr | |
| 1504 | 1-bed | 915 sqft | AED 2.28MAED 2,275,000 · Jan 2025January 2025 | 80,000 /yr | |
| 1505 | 1-bed | 1,046 sqft | AED 2.31MAED 2,305,000 · Aug 2025August 2025 | 136,500 /yr |
1503, The Residences 7 (T3) in numbers
- Sold 3 times: first on 8 June 2010 for AED 2,168,726, last on 5 September 2024 for AED 4,011,000 (AED 2,430 per sqft).
- Rented since June 2023 on 2 Ejari contracts, at AED 190,000 a year.
- At AED 190,000 a year the gross yield on the 2024 price is 4.7%, before a service charge of about AED 38,000 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 5 September 2024.
Questions about 1503, The Residences 7 (T3)
What did unit 1503 last sell for?
AED 4,011,000 on 5 September 2024: AED 2,430 per sqft for 1,650 sqft. The unit has 3 registered sales; the first was AED 2,168,726 in June 2010.
What is the rent for unit 1503?
AED 190,000 a year on the contract signed on 1 December 2023. The previous contract, from June 2023, was AED 190,000.
How big is unit 1503?
1,650 sqft (153.3 sqm): a two-bedroom apartment on the 15th floor of a 40-storey tower completed in 2007.
What is unit 1503 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 1503, The Residences 7 (T3)
Starts from the last sale price (AED 4.01M, 5 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 4,011,000
- Deposit, UAE resident (20%)
- AED 802,200
- Deposit, non-resident (40%)
- AED 1,604,400
- Monthly over 25 years at 3.7%
- AED 16,410
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →