1-bed · 915 sqftThe Residences 7 (T3), Downtown Dubai · 32nd floor · completed 2007

3204, The Residences 7 (T3)

Sold prices and rental history: sold 3 times, last in April 2014, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3204 · DLD and Ejari recordsUpdated 4 October 2023
Last soldAED 1.08M23 April 2014
Current rentAED 102K /yr4 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3204, The Residences 7 (T3)

What is 3204 worth today?

Last sold for AED 1,075,000 in 2014

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4 Oct 2023RentedRenewal
AED 102,000/yr12 months · AED 111 per sqft
4 Oct 2022RentedNew contract
AED 90,000/yr12 months · AED 98 per sqft
4 Oct 2021RentedNew contract
AED 90,000/yr12 months · AED 98 per sqft
1 Oct 2020RentedNew contract
AED 68,000/yr12 months · AED 74 per sqft
11 Jul 2018RentedNew contract
AED 105,000/yr12 months · AED 115 per sqft
23 Apr 2014SoldReady
AED 1,075,000AED 1,174 per sqft
8 Dec 2013SoldReady
AED 1,650,000AED 1,803 per sqft
25 Oct 2010Sold by developerReady
AED 1,191,800AED 1,302 per sqft

Source: Dubai Land Department. Updated 4 October 2023.

Key facts

Type
1-bed apartment
Size
915 sqft
Floor
32nd of 40
Parking
111
Developer
Emaar
Completed
2007
Service charge
AED 21,000 /yr
Last sold
AED 1.08M · April 2014

About 3204, The Residences 7 (T3)

3204 is a one-bedroom apartment of 915 sqft on the 32nd floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 23 April 2014 for AED 1,075,000, or AED 1,174 per sqft, 37% below the AED 1,864 one-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 4 October 2023, is AED 102,000 a year: a gross yield of 9.5% on the 2014 price, before the service charge of about AED 21,000 a year.

Sales and rents for 3204 over time

Sales
Unit 3204, each saleTypical one-bed in The Residences 7 (T3)
1M2M2008201320182023Typical sale price by year: 2008 AED 1,029,800; 2009 AED 1,098,800; 2010 AED 1,058,800; 2011 AED 1,045,900; 2012 AED 1,442,444; 2013 AED 1,650,000; 2014 AED 1,950,000; 2015 AED 1,950,000; 2017 AED 1,735,000; 2019 AED 1,300,000; 2021 AED 1,262,500; 2022 AED 1,510,000; 2023 AED 1,750,000; 2024 AED 1,900,000; 2025 AED 2,250,000Sold by developer, October 2010: AED 1,191,800 (AED 1,302 per sqft)Sold, December 2013: AED 1,650,000 (AED 1,803 per sqft)Sold, April 2014: AED 1,075,000 (AED 1,174 per sqft)

3204 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3204, each contractTypical one-bed in The Residences 7 (T3)
100K2012201620202024Typical rent by year: 2012 AED 81,500; 2013 AED 101,250; 2014 AED 105,000; 2015 AED 120,000; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 105,000; 2019 AED 92,000; 2020 AED 82,500; 2021 AED 79,500; 2022 AED 85,001; 2023 AED 100,000; 2024 AED 115,000; 2025 AED 122,000; 2026 AED 125,000New contract, July 2018: AED 105,000 a yearNew contract, October 2020: AED 68,000 a yearNew contract, October 2021: AED 90,000 a yearNew contract, October 2022: AED 90,000 a yearRenewal, October 2023: AED 102,000 a year

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 3204 sits

All 84 1-beds →

3204 last sold in April 2014 at AED 1,174 per sqft, 37% below what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,864). 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. 3204's AED 102,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Apr 20262,050,000
12 Sep 20252,500,000
20 Aug 20252,305,000
25 Jul 20252,180,000
1 1-bed sale 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 32nd floor

All 189 units in The Residences 7 (T3)
Value
32012-bedAED 3.15M · Nov 2022
32023-bedAED 3.3M · Aug 2011
32032-bedAED 5M · Aug 2025
32051-bedAED 1.04M · Jul 2011

3204, The Residences 7 (T3) in numbers

  • Sold 3 times: first on 25 October 2010 for AED 1,191,800, last on 23 April 2014 for AED 1,075,000 (AED 1,174 per sqft).
  • Rented since July 2018 on 5 Ejari contracts. The rent fell from AED 105,000 to AED 68,000 in 2020 and recovered to AED 102,000 by October 2023.
  • At AED 102,000 a year the gross yield on the 2014 price is 9.5%, before a service charge of about AED 21,000 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 4 October 2023.

Questions about 3204, The Residences 7 (T3)

What did unit 3204 last sell for?

AED 1,075,000 on 23 April 2014: AED 1,174 per sqft for 915 sqft. The unit has 3 registered sales; the first was AED 1,191,800 in October 2010.

What is the rent for unit 3204?

AED 102,000 a year on the contract renewed on 4 October 2023. The previous contract, from October 2022, was AED 90,000; the unit has been rented since July 2018.

How big is unit 3204?

915 sqft (85.0 sqm): a one-bedroom apartment on the 32nd floor of a 40-storey tower completed in 2007.

What is unit 3204 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 3204, The Residences 7 (T3)

Starts from the last sale price (AED 1.08M, 23 April 2014). Switch to today's estimate once you have unlocked it.
Price
AED 1,075,000
Deposit, UAE resident (20%)
AED 215,000
Deposit, non-resident (40%)
AED 430,000
Monthly over 25 years at 3.7%
AED 4,398

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