1-bed · 915 sqftThe Residences 7 (T3), Downtown Dubai · 34th floor · completed 2007

3404, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in February 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3404 · DLD and Ejari recordsUpdated 29 February 2024
Last soldAED 1.61M23 February 2024
Current rentAED 95K /yr29 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3404, The Residences 7 (T3)

What is 3404 worth today?

Last sold for AED 1,610,000 in 2024

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29 Feb 2024RentedNew contract
AED 95,000/yr12 months · AED 104 per sqft
23 Feb 2024SoldReady
AED 1,610,000AED 1,759 per sqft
9 Feb 2022Sold by developerReady
AED 1,310,000AED 1,431 per sqft
1 Feb 2022RentedNew contract
AED 80,000/yr12 months · AED 87 per sqft

Source: Dubai Land Department. Updated 29 February 2024.

Key facts

Type
1-bed apartment
Size
915 sqft
Floor
34th of 40
Parking
75
Developer
Emaar
Completed
2007
Service charge
AED 21,000 /yr
Last sold
AED 1.61M · February 2024

About 3404, The Residences 7 (T3)

3404 is a one-bedroom apartment of 915 sqft on the 34th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 23 February 2024 for AED 1,610,000, or AED 1,759 per sqft, in line with the AED 1,739 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 29 February 2024, is AED 95,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 21,000 a year.

Sales and rents for 3404 over time

Sales
Unit 3404, 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, February 2022: AED 1,310,000 (AED 1,431 per sqft)Sold, February 2024: AED 1,610,000 (AED 1,759 per sqft)

3404 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3404, each contractTypical one-bed in The Residences 7 (T3)
75K100K125K2012201620202024Typical 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, February 2022: AED 80,000 a yearNew contract, February 2024: AED 95,000 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 3404 sits

All 84 1-beds →

3404 last sold in February 2024 at AED 1,759 per sqft, in line with what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,739). 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. 3404's AED 95,000 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 34th floor

All 189 units in The Residences 7 (T3)
Value
34012-bedAED 2.5M · Jul 2010
34023-bedAED 3.99M · Mar 2010
34032-bedAED 5.1M · Feb 2026
34051-bedAED 1.5M · Jun 2012

3404, The Residences 7 (T3) in numbers

  • Sold twice: first on 9 February 2022 for AED 1,310,000, last on 23 February 2024 for AED 1,610,000 (AED 1,759 per sqft).
  • Rented since February 2022 on 2 Ejari contracts, from AED 80,000 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2024 price is 5.9%, 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 29 February 2024.

Questions about 3404, The Residences 7 (T3)

What did unit 3404 last sell for?

AED 1,610,000 on 23 February 2024: AED 1,759 per sqft for 915 sqft. The unit has 2 registered sales; the first was AED 1,310,000 in February 2022.

What is the rent for unit 3404?

AED 95,000 a year on the contract signed on 29 February 2024. The previous contract, from February 2022, was AED 80,000.

How big is unit 3404?

915 sqft (85.0 sqm): a one-bedroom apartment on the 34th floor of a 40-storey tower completed in 2007.

What is unit 3404 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 3404, The Residences 7 (T3)

Starts from the last sale price (AED 1.61M, 23 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,610,000
Deposit, UAE resident (20%)
AED 322,000
Deposit, non-resident (40%)
AED 644,000
Monthly over 25 years at 3.7%
AED 6,587

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