3-bed · 2,082 sqftThe Residences 7 (T3), Downtown Dubai · 19th floor · completed 2007

1902, The Residences 7 (T3)

Sold prices and rental history: sold once, by the developer in March 2010, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1902 · DLD and Ejari recordsUpdated 13 December 2023
Last soldAED 1.46M23 March 2010
Current rentAED 305K /yr13 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1902, The Residences 7 (T3)

What is 1902 worth today?

Last sold for AED 1,461,400 in 2010

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13 Dec 2023RentedNew contract
AED 305,000/yr12 months · AED 147 per sqft
3 Sep 2021RentedNew contract
AED 200,000/yr12 months · AED 96 per sqft
11 Aug 2020RentedRenewal
AED 195,000/yr12 months · AED 94 per sqft
11 Aug 2019RentedNew contract
AED 220,000/yr12 months · AED 106 per sqft
11 Aug 2018RentedRenewal
AED 235,000/yr12 months · AED 113 per sqft
11 Aug 2017RentedRenewal
AED 265,000/yr12 months · AED 128 per sqft
11 Aug 2016RentedNew contract
AED 270,000/yr12 months · AED 130 per sqft
23 Mar 2010Sold by developerReady
AED 1,461,400AED 701 per sqft

Source: Dubai Land Department. Updated 13 December 2023.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
19th of 40
Parking
253 / 254
Developer
Emaar
Completed
2007
Service charge
AED 47,900 /yr
Last sold
AED 1.46M · March 2010

About 1902, The Residences 7 (T3)

1902 is a three-bedroom apartment of 2,082 sqft on the 19th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 23 March 2010 for AED 1,461,400, or AED 701 per sqft, 32% below the AED 1,033 three-beds in the building were fetching at the time.

It has been rented continuously since 2016 on 7 Ejari contracts. The current contract, signed on 13 December 2023, is AED 305,000 a year: a gross yield of 20.9% on the 2010 price, before the service charge of about AED 47,900 a year.

Sales and rents for 1902 over time

Sales
Unit 1902, each saleTypical three-bed in The Residences 7 (T3)
5M2008201320182023Typical sale price by year: 2008 AED 3,045,800; 2009 AED 2,152,256; 2010 AED 3,196,888; 2011 AED 3,300,000; 2012 AED 4,024,888; 2014 AED 7,625,000; 2015 AED 6,700,000; 2020 AED 3,864,250; 2021 AED 3,900,000; 2022 AED 5,600,000; 2024 AED 5,374,428; 2025 AED 6,725,000Sold by developer, March 2010: AED 1,461,400 (AED 701 per sqft)

1902 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1902, each contractTypical three-bed in The Residences 7 (T3)
100K200K300K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 230,000; 2014 AED 290,000; 2015 AED 290,000; 2016 AED 279,500; 2017 AED 270,000; 2018 AED 234,552; 2019 AED 210,000; 2020 AED 180,000; 2021 AED 185,000; 2022 AED 210,000; 2023 AED 250,000; 2024 AED 250,000; 2025 AED 280,000; 2026 AED 300,000New contract, August 2016: AED 270,000 a yearRenewal, August 2017: AED 265,000 a yearRenewal, August 2018: AED 235,000 a yearNew contract, August 2019: AED 220,000 a yearRenewal, August 2020: AED 195,000 a yearNew contract, September 2021: AED 200,000 a yearNew contract, December 2023: AED 305,000 a year

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

3-beds in The Residences 7 (T3), and where 1902 sits

All 37 3-beds →

1902 last sold in March 2010 at AED 701 per sqft, 32% below what three-beds in The Residences 7 (T3) were fetching at the time (AED 1,033). 1902's AED 305,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Jun 20256,200,000
28 May 20256,950,000
19 Feb 20256,750,000
29 Jan 20256,700,000
0 3-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 19th floor

All 189 units in The Residences 7 (T3)
Value
19012-bedAED 2.93M · Jul 2012
19032-bedAED 5M · Sep 2014
19041-bedAED 1.77M · Mar 2017
19051-bedAED 29K · Sep 2019

1902, The Residences 7 (T3) in numbers

  • Sold once: by Emaar on 23 March 2010 for AED 1,461,400, or AED 701 per sqft.
  • Rented since August 2016 on 7 Ejari contracts. The rent fell from AED 270,000 to AED 195,000 in 2020 and recovered to AED 305,000 by December 2023.
  • At AED 305,000 a year the gross yield on the 2010 price is 20.9%, before a service charge of about AED 47,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 13 December 2023.

Questions about 1902, The Residences 7 (T3)

What did unit 1902 last sell for?

AED 1,461,400 on 23 March 2010, sold by the developer: AED 701 per sqft for 2,082 sqft. It is the only registered sale of the unit.

What is the rent for unit 1902?

AED 305,000 a year on the contract signed on 13 December 2023. The previous contract, from September 2021, was AED 200,000; the unit has been rented since August 2016.

How big is unit 1902?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 19th floor of a 40-storey tower completed in 2007.

What is unit 1902 worth today?

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Mortgage on 1902, The Residences 7 (T3)

Starts from the last sale price (AED 1.46M, 23 March 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,461,400
Deposit, UAE resident (20%)
AED 292,280
Deposit, non-resident (40%)
AED 584,560
Monthly over 25 years at 3.7%
AED 5,979

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