3-bed · 2,082 sqftThe Residences 7 (T3), Downtown Dubai · 31st floor · completed 2007

3102, The Residences 7 (T3)

Sold prices and rental history: sold once, by the developer in December 2011, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3102 · DLD and Ejari recordsUpdated 1 July 2022
Last soldAED 3.18M8 December 2011
Current rentAED 175K /yr1 July 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3102, The Residences 7 (T3)

What is 3102 worth today?

Last sold for AED 3,180,800 in 2011

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1 Jul 2022RentedRenewal
AED 175,350/yr12 months · AED 84 per sqft
1 Jun 2021RentedNew contract
AED 167,000/yr13 months · AED 80 per sqft
1 Oct 2020RentedNew contract
AED 200,001/yr2 months · AED 96 per sqft
1 Oct 2019RentedRenewal
AED 200,000/yr12 months · AED 96 per sqft
1 Oct 2018RentedNew contract
AED 205,000/yr12 months · AED 99 per sqft
1 Jun 2017RentedNew contract
AED 240,000/yr12 months · AED 116 per sqft
8 Dec 2011Sold by developerReady
AED 3,180,800AED 1,527 per sqft

Source: Dubai Land Department. Updated 1 July 2022.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
31st of 40
Parking
459 / 460
Developer
Emaar
Completed
2007
Service charge
AED 47,900 /yr
Last sold
AED 3.18M · December 2011

About 3102, The Residences 7 (T3)

3102 is a three-bedroom apartment of 2,082 sqft on the 31st floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 8 December 2011 for AED 3,180,800, or AED 1,527 per sqft, 4% below the AED 1,585 three-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 1 July 2022, is AED 175,350 a year: a gross yield of 5.5% on the 2011 price, before the service charge of about AED 47,900 a year.

Sales and rents for 3102 over time

Sales
Unit 3102, 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 by developer, December 2011: AED 3,180,800 (AED 1,527 per sqft)

3102 has sold once; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3102, 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, June 2017: AED 240,000 a yearNew contract, October 2018: AED 205,000 a yearRenewal, October 2019: AED 200,000 a yearNew contract, October 2020: AED 200,001 a yearNew contract, June 2021: AED 167,000 a yearRenewal, July 2022: AED 175,350 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 3102 sits

All 37 3-beds →

3102 last sold in December 2011 at AED 1,527 per sqft, 4% below what three-beds in The Residences 7 (T3) were fetching at the time (AED 1,585). 3102's AED 175,350 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 31st floor

All 189 units in The Residences 7 (T3)
Value
31012-bedAED 2.02M · Nov 2008
31032-bedAED 2.95M · Sep 2021
31041-bedAED 2.03M · Jan 2025
31051-bedAED 1.8M · Nov 2016

3102, The Residences 7 (T3) in numbers

  • Sold once: by Emaar on 8 December 2011 for AED 3,180,800, or AED 1,527 per sqft.
  • Rented since June 2017 on 6 Ejari contracts, from AED 240,000 to AED 175,350 a year.
  • At AED 175,350 a year the gross yield on the 2011 price is 5.5%, before a service charge of about AED 47,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 1 July 2022.

Questions about 3102, The Residences 7 (T3)

What did unit 3102 last sell for?

AED 3,180,800 on 8 December 2011, sold by the developer: AED 1,527 per sqft for 2,082 sqft. It is the only registered sale of the unit.

What is the rent for unit 3102?

AED 175,350 a year on the contract renewed on 1 July 2022. The previous contract, from June 2021, was AED 167,000; the unit has been rented since June 2017.

How big is unit 3102?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 31st floor of a 40-storey tower completed in 2007.

What is unit 3102 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 3102, The Residences 7 (T3)

Starts from the last sale price (AED 3.18M, 8 December 2011). Switch to today's estimate once you have unlocked it.
Price
AED 3,180,800
Deposit, UAE resident (20%)
AED 636,160
Deposit, non-resident (40%)
AED 1,272,320
Monthly over 25 years at 3.7%
AED 13,014

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