2405, The Residences 7 (T3)
Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2405, The Residences 7 (T3)
What is 2405 worth today?
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Source: Dubai Land Department. Updated 17 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,046 sqft
- Floor
- 24th of 40
- Parking
- 274
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 24,100 /yr
- Last sold
- AED 1.01M · June 2010
- Building
- The Residences 7 (T3)
About 2405, The Residences 7 (T3)
2405 is a one-bedroom apartment of 1,046 sqft on the 24th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 9 June 2010 for AED 1,011,800, or AED 967 per sqft, 16% below the AED 1,148 one-beds in the building were fetching at the time.
It has been rented continuously since 2011 on 11 Ejari contracts. The current contract, renewed on 17 March 2024, is AED 128,000 a year: a gross yield of 12.7% on the 2010 price, before the service charge of about AED 24,100 a year.
Sales and rents for 2405 over time
2405 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Residences 7 (T3), and where 2405 sits
All 84 1-beds →2405 last sold in June 2010 at AED 967 per sqft, 16% below what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,148). Over the last 12 months one-beds sold for AED 2,050,000, around AED 2,240 per sqft, and rent for AED 85,000 to 140,000 a year. 2405's AED 128,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Apr 20269 April 2026 | 915 sqft | 2,050,000 | 2,240 | ||
| 12 Sep 202512 September 2025 | 915 sqft | 2,500,000 | 2,732 | ||
| 20 Aug 202520 August 2025 | 1,046 sqft | 2,305,000 | 2,203 | ||
| 25 Jul 202525 July 2025 | 915 sqft | 2,180,000 | 2,382 |
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 24th floor
All 189 units in The Residences 7 (T3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | 2-bed | 1,452 sqft | AED 5.2MAED 5,200,000 · Jul 2025July 2025 | 155,330 /yr | |
| 2402 | 3-bed | 2,082 sqft | AED 6.2MAED 6,200,000 · Jun 2025June 2025 | 280,000 /yr | |
| 2403 | 2-bed | 1,650 sqft | AED 2.89MAED 2,891,888 · Sep 2010September 2010 | 204,000 /yr | |
| 2404 | 1-bed | 915 sqft | AED 1.09MAED 1,093,800 · Jun 2010June 2010 | 53,300 /yr |
2405, The Residences 7 (T3) in numbers
- Sold once: by Emaar on 9 June 2010 for AED 1,011,800, or AED 967 per sqft.
- Rented since August 2011 on 11 Ejari contracts, from AED 80,000 to AED 128,000 a year.
- At AED 128,000 a year the gross yield on the 2010 price is 12.7%, before a service charge of about AED 24,100 a year (AED 23.00 per sqft).
- One-beds in The Residences 7 (T3) sold for AED 2,050,000–2,050,000 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 17 March 2024.
Questions about 2405, The Residences 7 (T3)
What did unit 2405 last sell for?
AED 1,011,800 on 9 June 2010, sold by the developer: AED 967 per sqft for 1,046 sqft. It is the only registered sale of the unit.
What is the rent for unit 2405?
AED 128,000 a year on the contract renewed on 17 March 2024. The previous contract, from March 2023, was AED 128,000; the unit has been rented since August 2011.
How big is unit 2405?
1,046 sqft (97.2 sqm): a one-bedroom apartment on the 24th floor of a 40-storey tower completed in 2007.
What is unit 2405 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences 7 (T3) sold for AED 2,050,000 to 2,050,000 in the last 12 months, around AED 2,240 per sqft.
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Mortgage on 2405, The Residences 7 (T3)
Starts from the last sale price (AED 1.01M, 9 June 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,011,800
- Deposit, UAE resident (20%)
- AED 202,360
- Deposit, non-resident (40%)
- AED 404,720
- Monthly over 25 years at 3.7%
- AED 4,140
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →