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3-bed · 2,082 sqftThe Residences 7 (T3), Downtown Dubai · 27th floor · completed 2007

2702, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in April 2012, and rented once, from August 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2702 · DLD and Ejari recordsUpdated 14 August 2016
Last soldAED 4.8M18 April 2012
Current rentAED 180K /yr14 August 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2702, The Residences 7 (T3)

What is 2702 worth today?

Last sold for AED 4,800,000 in 2012

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14 Aug 2016RentedNew contract
AED 180,000/yr12 months · AED 87 per sqft
18 Apr 2012SoldReady
AED 4,800,000AED 2,305 per sqft
12 Apr 2012Sold by developerReady
AED 3,124,800AED 1,500 per sqft

Source: Dubai Land Department. Updated 14 August 2016.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
27th of 40
Parking
488 / 489
Developer
Emaar
Completed
2007
Service charge
AED 47,900 /yr
Last sold
AED 4.8M · April 2012
Building
The Residences 7 (T3)

About 2702, The Residences 7 (T3)

2702 is a three-bedroom apartment of 2,082 sqft on the 27th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 18 April 2012 for AED 4,800,000, or AED 2,305 per sqft, 45% above the AED 1,585 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 14 August 2016. The current contract, signed on 14 August 2016, is AED 180,000 a year: a gross yield of 3.8% on the 2012 price, before the service charge of about AED 47,900 a year.

Sales and rents for 2702 over time

Sales
Unit 2702, each saleTypical three-bed in The Residences 7 (T3)
2.5M5M7.5M2008201320182023Typical 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, April 2012: AED 4,800,000 (AED 2,305 per sqft)Sold by developer, April 2012: AED 3,124,800 (AED 1,500 per sqft)

2702 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 2702, 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 180,000 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 2702 sits

All 37 3-beds →

2702 last sold in April 2012 at AED 2,305 per sqft, 45% above what three-beds in The Residences 7 (T3) were fetching at the time (AED 1,585). 2702's AED 180,000 is at the bottom 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 27th floor

All 189 units in The Residences 7 (T3)
Value
27012-bedAED 2.6M · Mar 2012
27032-bedAED 2.94M · Dec 2010
27041-bedAED 1.55M · Feb 2023
27051-bedAED 1.89M · Oct 2013

2702, The Residences 7 (T3) in numbers

  • Sold twice: first on 12 April 2012 for AED 3,124,800, last on 18 April 2012 for AED 4,800,000 (AED 2,305 per sqft).
  • Rented since August 2016 on one Ejari contract, at AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2012 price is 3.8%, before a service charge of about AED 47,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 14 August 2016.

Questions about 2702, The Residences 7 (T3)

What did unit 2702 last sell for?

AED 4,800,000 on 18 April 2012: AED 2,305 per sqft for 2,082 sqft. The unit has 2 registered sales; the first was AED 3,124,800 in April 2012.

What is the rent for unit 2702?

AED 180,000 a year on the contract signed on 14 August 2016.

How big is unit 2702?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 27th floor of a 40-storey tower completed in 2007.

What is unit 2702 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 2702, The Residences 7 (T3)

Starts from the last sale price (AED 4.8M, 18 April 2012). Switch to today's estimate once you have unlocked it.
Price
AED 4,800,000
Deposit, UAE resident (20%)
AED 960,000
Deposit, non-resident (40%)
AED 1,920,000
Monthly over 25 years at 3.7%
AED 19,638

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