1601, The Residences 7 (T3)
Sold prices and rental history: sold 3 times, last in March 2013, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, The Residences 7 (T3)
What is 1601 worth today?
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Source: Dubai Land Department. Updated 6 May 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 16th of 40
- Parking
- 252
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 33,400 /yr
- Last sold
- AED 4M · March 2013
- Building
- The Residences 7 (T3)
About 1601, The Residences 7 (T3)
1601 is a two-bedroom apartment of 1,452 sqft on the 16th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 21 March 2013 for AED 4,000,000, or AED 2,754 per sqft, 28% above the AED 2,151 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 6 Ejari contracts. The current contract, renewed on 6 May 2025, is AED 170,000 a year: a gross yield of 4.3% on the 2013 price, before the service charge of about AED 33,400 a year.
Sales and rents for 1601 over time
1601 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 1601 sits
All 72 2-beds →1601 last sold in March 2013 at AED 2,754 per sqft, 28% above what two-beds in The Residences 7 (T3) were fetching at the time (AED 2,151). 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. 1601's AED 170,000 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 16th floor
All 189 units in The Residences 7 (T3)1601, The Residences 7 (T3) in numbers
- Sold 3 times: first on 25 October 2011 for AED 1,792,800, last on 21 March 2013 for AED 4,000,000 (AED 2,754 per sqft).
- Rented since May 2013 on 6 Ejari contracts, from AED 180,000 to AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2013 price is 4.3%, 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 6 May 2025.
Questions about 1601, The Residences 7 (T3)
What did unit 1601 last sell for?
AED 4,000,000 on 21 March 2013: AED 2,754 per sqft for 1,452 sqft. The unit has 3 registered sales; the first was AED 1,792,800 in October 2011.
What is the rent for unit 1601?
AED 170,000 a year on the contract renewed on 6 May 2025. The previous contract, from May 2025, was AED 170,000; the unit has been rented since May 2013.
How big is unit 1601?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 16th floor of a 40-storey tower completed in 2007.
What is unit 1601 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 1601, The Residences 7 (T3)
Starts from the last sale price (AED 4M, 21 March 2013). Switch to today's estimate once you have unlocked it.- Price
- AED 4,000,000
- Deposit, UAE resident (20%)
- AED 800,000
- Deposit, non-resident (40%)
- AED 1,600,000
- Monthly over 25 years at 3.7%
- AED 16,365
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →