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3-bed · 3,609 sqftThe Residences 7 (T3), Downtown Dubai · 39th floor · completed 2007

3902, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in November 2020, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3902 · DLD and Ejari recordsUpdated 12 November 2020
Last soldAED 5.7M12 November 2020
Current rentAED 240K /yr2 June 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3902, The Residences 7 (T3)

What is 3902 worth today?

Last sold for AED 5,700,000 in 2020

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12 Nov 2020SoldReady
AED 5,700,000AED 1,579 per sqft
2 Jun 2020RentedRenewal
AED 240,000/yr12 months · AED 67 per sqft
15 Apr 2018RentedNew contract
AED 234,552/yr26 months · AED 65 per sqft
16 May 2016RentedRenewal
AED 396,000/yr12 months · AED 110 per sqft
16 May 2015RentedRenewal
AED 396,000/yr12 months · AED 110 per sqft
15 Feb 2014RentedNew contract
AED 395,150/yr15 months · AED 110 per sqft
31 Aug 2010Sold by developerReady
AED 6,442,888AED 1,785 per sqft

Source: Dubai Land Department. Updated 12 November 2020.

Key facts

Type
3-bed apartment
Size
3,609 sqft
Floor
39th of 40
Parking
364 / 365
Developer
Emaar
Completed
2007
Service charge
AED 83,000 /yr
Last sold
AED 5.7M · November 2020
Building
The Residences 7 (T3)

About 3902, The Residences 7 (T3)

3902 is a three-bedroom apartment of 3,609 sqft on the 39th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 12 November 2020 for AED 5,700,000, or AED 1,579 per sqft, 15% below the AED 1,850 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 2 June 2020, is AED 240,000 a year: a gross yield of 4.2% on the 2020 price, before the service charge of about AED 83,000 a year.

Sales and rents for 3902 over time

Sales
Unit 3902, 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, August 2010: AED 6,442,888 (AED 1,785 per sqft)Sold, November 2020: AED 5,700,000 (AED 1,579 per sqft)

3902 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 3902, each contractTypical three-bed in The Residences 7 (T3)
200K400K2012201620202024Typical 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, February 2014: AED 395,150 a yearRenewal, May 2015: AED 396,000 a yearRenewal, May 2016: AED 396,000 a yearNew contract, April 2018: AED 234,552 a yearRenewal, June 2020: AED 240,000 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 3902 sits

All 37 3-beds →

3902 last sold in November 2020 at AED 1,579 per sqft, 15% below what three-beds in The Residences 7 (T3) were fetching at the time (AED 1,850). 3902's AED 240,000 is in the lower half 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 39th floor

All 189 units in The Residences 7 (T3)
Value
39014-bedAED 17.5M · Sep 2015

3902, The Residences 7 (T3) in numbers

  • Sold twice: first on 31 August 2010 for AED 6,442,888, last on 12 November 2020 for AED 5,700,000 (AED 1,579 per sqft).
  • Rented since February 2014 on 5 Ejari contracts, from AED 395,150 to AED 240,000 a year.
  • At AED 240,000 a year the gross yield on the 2020 price is 4.2%, before a service charge of about AED 83,000 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 12 November 2020.

Questions about 3902, The Residences 7 (T3)

What did unit 3902 last sell for?

AED 5,700,000 on 12 November 2020: AED 1,579 per sqft for 3,609 sqft. The unit has 2 registered sales; the first was AED 6,442,888 in August 2010.

What is the rent for unit 3902?

AED 240,000 a year on the contract renewed on 2 June 2020. The previous contract, from April 2018, was AED 234,552; the unit has been rented since February 2014.

How big is unit 3902?

3,609 sqft (335.3 sqm): a three-bedroom apartment on the 39th floor of a 40-storey tower completed in 2007.

What is unit 3902 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 3902, The Residences 7 (T3)

Starts from the last sale price (AED 5.7M, 12 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 5,700,000
Deposit, UAE resident (20%)
AED 1,140,000
Deposit, non-resident (40%)
AED 2,280,000
Monthly over 25 years at 3.7%
AED 23,320

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