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2-bed · 1,452 sqftThe Residences 7 (T3), Downtown Dubai · 17th floor · completed 2007

1701, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in October 2014, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1701 · DLD and Ejari recordsUpdated 27 October 2014
Last soldAED 5M27 October 2014
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1701, The Residences 7 (T3)

What is 1701 worth today?

Last sold for AED 5,000,000 in 2014

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27 Oct 2014SoldReady
AED 5,000,000AED 3,443 per sqft
28 Sep 2009Sold by developerReady
AED 2,220,888AED 1,529 per sqft

Source: Dubai Land Department. Updated 27 October 2014.

Key facts

Type
2-bed apartment
Size
1,452 sqft
Floor
17th of 40
Parking
463
Developer
Emaar
Completed
2007
Service charge
AED 33,400 /yr
Last sold
AED 5M · October 2014
Building
The Residences 7 (T3)

About 1701, The Residences 7 (T3)

1701 is a two-bedroom apartment of 1,452 sqft on the 17th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 27 October 2014 for AED 5,000,000, or AED 3,443 per sqft, 19% above the AED 2,892 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1701 over time

Sales
Unit 1701, each saleTypical two-bed in The Residences 7 (T3)
2M4M2008201320182023Typical sale price by year: 2008 AED 2,521,844; 2009 AED 2,124,212; 2010 AED 2,443,888; 2011 AED 2,280,444; 2012 AED 3,000,000; 2013 AED 3,900,000; 2014 AED 4,900,000; 2015 AED 4,800,000; 2017 AED 3,900,000; 2021 AED 2,475,000; 2022 AED 3,175,000; 2023 AED 2,850,000; 2024 AED 3,732,500; 2025 AED 4,050,000Sold by developer, September 2009: AED 2,220,888 (AED 1,529 per sqft)Sold, October 2014: AED 5,000,000 (AED 3,443 per sqft)

1701 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1701, each contractTypical two-bed in The Residences 7 (T3)
150K200K2012201620202024Typical rent by year: 2012 AED 161,000; 2013 AED 178,000; 2014 AED 195,000; 2015 AED 190,000; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 161,250; 2019 AED 145,000; 2020 AED 128,900; 2021 AED 125,000; 2022 AED 135,490; 2023 AED 180,000; 2024 AED 180,000; 2025 AED 200,000; 2026 AED 200,000

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 1701 sits

All 72 2-beds →

1701 last sold in October 2014 at AED 3,443 per sqft, 19% above what two-beds in The Residences 7 (T3) were fetching at the time (AED 2,892). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Feb 20265,100,000
25 Dec 20252,562,500
24 Dec 20252,562,500
10 Dec 20255,125,000
4 2-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 17th floor

All 189 units in The Residences 7 (T3)
Value
17023-bedAED 2.72M · Nov 2009
17032-bedAED 2.12M · Nov 2009
17041-bedAED 1.06M · Aug 2010
17051-bedAED 991K · Aug 2010

1701, The Residences 7 (T3) in numbers

  • Sold twice: first on 28 September 2009 for AED 2,220,888, last on 27 October 2014 for AED 5,000,000 (AED 3,443 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 27 October 2014.

Questions about 1701, The Residences 7 (T3)

What did unit 1701 last sell for?

AED 5,000,000 on 27 October 2014: AED 3,443 per sqft for 1,452 sqft. The unit has 2 registered sales; the first was AED 2,220,888 in September 2009.

How big is unit 1701?

1,452 sqft (134.9 sqm): a two-bedroom apartment on the 17th floor of a 40-storey tower completed in 2007.

What is unit 1701 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 1701, The Residences 7 (T3)

Starts from the last sale price (AED 5M, 27 October 2014). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

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