2-bed · 988 sqftThe Residences 7 (T3), Downtown Dubai · 22nd floor · completed 2007

2203, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in February 2012, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2203 · DLD and Ejari recordsUpdated 22 February 2012
Last soldAED 1.47M22 February 2012
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2203, The Residences 7 (T3)

What is 2203 worth today?

Last sold for AED 1,470,000 in 2012

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22 Feb 2012SoldReady
AED 1,470,000AED 890 per sqft
20 Mar 2011Sold by developerReady
AED 1,430,944AED 867 per sqft

Source: Dubai Land Department. Updated 22 February 2012.

Key facts

Type
2-bed apartment
Size
988 sqft
Floor
22nd of 40
Parking
534
Developer
Emaar
Completed
2007
Service charge
AED 22,700 /yr
Last sold
AED 1.47M · February 2012

About 2203, The Residences 7 (T3)

2203 is a two-bedroom apartment of 988 sqft on the 22nd floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 22 February 2012 for AED 1,470,000, or AED 890 per sqft, 38% below the AED 1,435 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2203 over time

Sales
Unit 2203, 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, March 2011: AED 1,430,944 (AED 867 per sqft)Sold, February 2012: AED 1,470,000 (AED 890 per sqft)

2203 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2203, 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 2203 sits

All 72 2-beds →

2203 last sold in February 2012 at AED 890 per sqft, 38% below what two-beds in The Residences 7 (T3) were fetching at the time (AED 1,435). 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 22nd floor

All 189 units in The Residences 7 (T3)
Value
22012-bedAED 2M · Oct 2008
22023-bedAED 4M · Nov 2024
22041-bedAED 1.7M · Dec 2017
22051-bedAED 1.01M · Nov 2008

2203, The Residences 7 (T3) in numbers

  • Sold twice: first on 20 March 2011 for AED 1,430,944, last on 22 February 2012 for AED 1,470,000 (AED 890 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 22 February 2012.

Questions about 2203, The Residences 7 (T3)

What did unit 2203 last sell for?

AED 1,470,000 on 22 February 2012: AED 890 per sqft for 988 sqft. The unit has 2 registered sales; the first was AED 1,430,944 in March 2011.

How big is unit 2203?

988 sqft (91.8 sqm): a two-bedroom apartment on the 22nd floor of a 40-storey tower completed in 2007.

What is unit 2203 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 2203, The Residences 7 (T3)

Starts from the last sale price (AED 1.47M, 22 February 2012). Switch to today's estimate once you have unlocked it.
Price
AED 1,470,000
Deposit, UAE resident (20%)
AED 294,000
Deposit, non-resident (40%)
AED 588,000
Monthly over 25 years at 3.7%
AED 6,014

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