2-bed · 1,650 sqftThe Residences 7 (T3), Downtown Dubai · 36th floor · completed 2007

3603, The Residences 7 (T3)

Sold prices and rental history: sold once, by the developer in March 2011, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3603 · DLD and Ejari recordsUpdated 1 October 2023
Last soldAED 2.49M31 March 2011
Current rentAED 125K /yr1 October 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3603, The Residences 7 (T3)

What is 3603 worth today?

Last sold for AED 2,485,800 in 2011

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1 Oct 2023RentedRenewal
AED 125,119/yr11 months · AED 76 per sqft
1 Oct 2022RentedRenewal
AED 125,000/yr12 months · AED 76 per sqft
1 Oct 2021RentedRenewal
AED 125,000/yr12 months · AED 76 per sqft
1 Oct 2020RentedNew contract
AED 125,000/yr12 months · AED 76 per sqft
20 Feb 2019RentedRenewal
AED 150,000/yr12 months · AED 91 per sqft
20 Feb 2018RentedNew contract
AED 160,000/yr12 months · AED 97 per sqft
1 Mar 2016RentedNew contract
AED 225,000/yr12 months · AED 137 per sqft
4 Oct 2014RentedNew contract
AED 240,000/yr12 months · AED 146 per sqft

Source: Dubai Land Department. Updated 1 October 2023.

Key facts

Type
2-bed apartment
Size
1,650 sqft
Floor
36th of 40
Parking
78
Developer
Emaar
Completed
2007
Service charge
AED 38,000 /yr
Last sold
AED 2.49M · March 2011

About 3603, The Residences 7 (T3)

3603 is a two-bedroom apartment of 1,650 sqft on the 36th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 31 March 2011 for AED 2,485,800, or AED 1,506 per sqft, 3% above the AED 1,458 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 1 October 2023, is AED 125,119 a year: a gross yield of 5.0% on the 2011 price, before the service charge of about AED 38,000 a year.

Sales and rents for 3603 over time

Sales
Unit 3603, each saleTypical two-bed in The Residences 7 (T3)
2M4M2008201320182023Typical sale price by year: 2008 AED 2,521,844; 2009 AED 2,124,212; 2010 AED 2,443,888; 2011 AED 2,280,444; 2012 AED 3,000,000; 2013 AED 3,900,000; 2014 AED 4,900,000; 2015 AED 4,800,000; 2017 AED 3,900,000; 2021 AED 2,475,000; 2022 AED 3,175,000; 2023 AED 2,850,000; 2024 AED 3,732,500; 2025 AED 4,050,000Sold by developer, March 2011: AED 2,485,800 (AED 1,506 per sqft)

3603 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3603, each contractTypical two-bed in The Residences 7 (T3)
200K2012201620202024Typical rent by year: 2012 AED 161,000; 2013 AED 178,000; 2014 AED 195,000; 2015 AED 190,000; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 161,250; 2019 AED 145,000; 2020 AED 128,900; 2021 AED 125,000; 2022 AED 135,490; 2023 AED 180,000; 2024 AED 180,000; 2025 AED 200,000; 2026 AED 200,000New contract, October 2014: AED 240,000 a yearNew contract, March 2016: AED 225,000 a yearNew contract, February 2018: AED 160,000 a yearRenewal, February 2019: AED 150,000 a yearNew contract, October 2020: AED 125,000 a yearRenewal, October 2021: AED 125,000 a yearRenewal, October 2022: AED 125,000 a yearRenewal, October 2023: AED 125,119 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Residences 7 (T3), and where 3603 sits

All 72 2-beds →

3603 last sold in March 2011 at AED 1,506 per sqft, 3% above what two-beds in The Residences 7 (T3) were fetching at the time (AED 1,458). Over the last 12 months two-beds sold for AED 2,562,500 to 5,125,000, around AED 3,106 per sqft, and rent for AED 70,000 to 290,000 a year. 3603's AED 125,119 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Feb 20265,100,000
25 Dec 20252,562,500
24 Dec 20252,562,500
10 Dec 20255,125,000
4 2-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 36th floor

All 189 units in The Residences 7 (T3)
Value
36012-bedAED 3.1M · Apr 2022
36023-bedAED 4.01M · May 2011
36041-bedAED 2.05M · Apr 2026
36051-bedAED 1.05M · Aug 2010

3603, The Residences 7 (T3) in numbers

  • Sold once: by Emaar on 31 March 2011 for AED 2,485,800, or AED 1,506 per sqft.
  • Rented since October 2014 on 8 Ejari contracts, from AED 240,000 to AED 125,119 a year.
  • At AED 125,119 a year the gross yield on the 2011 price is 5.0%, before a service charge of about AED 38,000 a year (AED 23.00 per sqft).
  • Two-beds in The Residences 7 (T3) sold for AED 2,562,500–5,125,000 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 1 October 2023.

Questions about 3603, The Residences 7 (T3)

What did unit 3603 last sell for?

AED 2,485,800 on 31 March 2011, sold by the developer: AED 1,506 per sqft for 1,650 sqft. It is the only registered sale of the unit.

What is the rent for unit 3603?

AED 125,119 a year on the contract renewed on 1 October 2023. The previous contract, from October 2022, was AED 125,000; the unit has been rented since October 2014.

How big is unit 3603?

1,650 sqft (153.3 sqm): a two-bedroom apartment on the 36th floor of a 40-storey tower completed in 2007.

What is unit 3603 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences 7 (T3) sold for AED 2,562,500 to 5,125,000 in the last 12 months, around AED 3,106 per sqft.

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Mortgage on 3603, The Residences 7 (T3)

Starts from the last sale price (AED 2.49M, 31 March 2011). Switch to today's estimate once you have unlocked it.
Price
AED 2,485,800
Deposit, UAE resident (20%)
AED 497,160
Deposit, non-resident (40%)
AED 994,320
Monthly over 25 years at 3.7%
AED 10,170

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