2-bed · 1,650 sqftThe Residences 7 (T3), Downtown Dubai · 18th floor · completed 2007

1803, The Residences 7 (T3)

Sold prices and rental history: sold 5 times, last in January 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1803 · DLD and Ejari recordsUpdated 11 January 2022
Last soldAED 2.95M11 January 2022
Current rentAED 110K /yr2 November 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1803, The Residences 7 (T3)

What is 1803 worth today?

Last sold for AED 2,950,000 in 2022

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11 Jan 2022SoldReady
AED 2,950,000AED 1,787 per sqft
2 Nov 2020RentedNew contract
AED 110,000/yr12 months · AED 67 per sqft
28 Sep 2020SoldReady
AED 1,500,000AED 909 per sqft
10 Sep 2019RentedRenewal
AED 140,000/yr12 months · AED 85 per sqft
10 Sep 2018RentedNew contract
AED 160,000/yr12 months · AED 97 per sqft
1 Aug 2016RentedNew contract
AED 180,000/yr12 months · AED 109 per sqft
1 Feb 2015RentedNew contract
AED 195,000/yr12 months · AED 118 per sqft
1 Feb 2014RentedNew contract
AED 195,000/yr12 months · AED 118 per sqft

Source: Dubai Land Department. Updated 11 January 2022.

Key facts

Type
2-bed apartment
Size
1,650 sqft
Floor
18th of 40
Parking
472
Developer
Emaar
Completed
2007
Service charge
AED 38,000 /yr
Last sold
AED 2.95M · January 2022

About 1803, The Residences 7 (T3)

1803 is a two-bedroom apartment of 1,650 sqft on the 18th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 11 January 2022 for AED 2,950,000, or AED 1,787 per sqft, in line with the AED 1,787 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 2 November 2020, is AED 110,000 a year: a gross yield of 3.7% on the 2022 price, before the service charge of about AED 38,000 a year.

Sales and rents for 1803 over time

Sales
Unit 1803, 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, November 2011: AED 2,238,800 (AED 1,356 per sqft)Sold, September 2013: AED 4,600,000 (AED 2,787 per sqft)Sold, January 2014: AED 5,200,000 (AED 3,151 per sqft)Sold, September 2020: AED 1,500,000 (AED 909 per sqft)Sold, January 2022: AED 2,950,000 (AED 1,787 per sqft)

1803 has sold 5 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1803, each contractTypical two-bed in The Residences 7 (T3)
100K150K200K2012201620202024Typical 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 200,000New contract, February 2014: AED 195,000 a yearNew contract, February 2015: AED 195,000 a yearNew contract, August 2016: AED 180,000 a yearNew contract, September 2018: AED 160,000 a yearRenewal, September 2019: AED 140,000 a yearNew contract, November 2020: AED 110,000 a year

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 1803 sits

All 72 2-beds →

1803 last sold in January 2022 at AED 1,787 per sqft, in line with what two-beds in The Residences 7 (T3) were fetching at the time (AED 1,787). 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. 1803's AED 110,000 is in the lower half of that range.

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 18th floor

All 189 units in The Residences 7 (T3)
Value
18012-bedAED 1.16M · Aug 2011
18023-bedAED 2.91M · Apr 2010
18041-bedAED 1.58M · Dec 2022
18051-bedAED 1.95M · Feb 2014

1803, The Residences 7 (T3) in numbers

  • Sold 5 times: first on 29 November 2011 for AED 2,238,800, last on 11 January 2022 for AED 2,950,000 (AED 1,787 per sqft).
  • Rented since February 2014 on 6 Ejari contracts, from AED 195,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 3.7%, 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 11 January 2022.

Questions about 1803, The Residences 7 (T3)

What did unit 1803 last sell for?

AED 2,950,000 on 11 January 2022: AED 1,787 per sqft for 1,650 sqft. The unit has 5 registered sales; the first was AED 2,238,800 in November 2011.

What is the rent for unit 1803?

AED 110,000 a year on the contract signed on 2 November 2020. The previous contract, from September 2019, was AED 140,000; the unit has been rented since February 2014.

How big is unit 1803?

1,650 sqft (153.3 sqm): a two-bedroom apartment on the 18th floor of a 40-storey tower completed in 2007.

What is unit 1803 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 1803, The Residences 7 (T3)

Starts from the last sale price (AED 2.95M, 11 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

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