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1-bed · 915 sqftThe Residences 7 (T3), Downtown Dubai · 35th floor · completed 2007

3504, The Residences 7 (T3)

Sold prices and rental history: sold once, by the developer in June 2009, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3504 · DLD and Ejari recordsUpdated 27 October 2023
Last soldAED 574K16 June 2009
Current rentAED 135K /yr27 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3504, The Residences 7 (T3)

What is 3504 worth today?

Last sold for AED 574,400 in 2009

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27 Oct 2023RentedNew contract
AED 135,000/yr12 months · AED 148 per sqft
12 May 2022RentedNew contract
AED 100,000/yr12 months · AED 109 per sqft
16 Jun 2009Sold by developerReady
AED 574,400AED 627 per sqft

Source: Dubai Land Department. Updated 27 October 2023.

Key facts

Type
1-bed apartment
Size
915 sqft
Floor
35th of 40
Parking
76
Developer
Emaar
Completed
2007
Service charge
AED 21,000 /yr
Last sold
AED 574K · June 2009
Building
The Residences 7 (T3)

About 3504, The Residences 7 (T3)

3504 is a one-bedroom apartment of 915 sqft on the 35th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 16 June 2009 for AED 574,400, or AED 627 per sqft, 43% below the AED 1,098 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 27 October 2023, is AED 135,000 a year: a gross yield of 23.5% on the 2009 price, before the service charge of about AED 21,000 a year.

Sales and rents for 3504 over time

Sales
Unit 3504, 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, June 2009: AED 574,400 (AED 627 per sqft)

3504 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3504, 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, May 2022: AED 100,000 a yearNew contract, October 2023: AED 135,000 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 3504 sits

All 84 1-beds →

3504 last sold in June 2009 at AED 627 per sqft, 43% below what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,098). 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. 3504's AED 135,000 is in the upper 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 35th floor

All 189 units in The Residences 7 (T3)
Value
35012-bedAED 3.75M · Aug 2012
35023-bedAED 6.4M · Jun 2022
35032-bedAED 4.2M · Mar 2025
35051-bedAED 1.45M · Jul 2012

3504, The Residences 7 (T3) in numbers

  • Sold once: by Emaar on 16 June 2009 for AED 574,400, or AED 627 per sqft.
  • Rented since May 2022 on 2 Ejari contracts, from AED 100,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2009 price is 23.5%, 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 27 October 2023.

Questions about 3504, The Residences 7 (T3)

What did unit 3504 last sell for?

AED 574,400 on 16 June 2009, sold by the developer: AED 627 per sqft for 915 sqft. It is the only registered sale of the unit.

What is the rent for unit 3504?

AED 135,000 a year on the contract signed on 27 October 2023. The previous contract, from May 2022, was AED 100,000.

How big is unit 3504?

915 sqft (85.0 sqm): a one-bedroom apartment on the 35th floor of a 40-storey tower completed in 2007.

What is unit 3504 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 3504, The Residences 7 (T3)

Starts from the last sale price (AED 574K, 16 June 2009). Switch to today's estimate once you have unlocked it.
Price
AED 574,400
Deposit, UAE resident (20%)
AED 114,880
Deposit, non-resident (40%)
AED 229,760
Monthly over 25 years at 3.7%
AED 2,350

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