3-bed · 2,082 sqftThe Residences 7 (T3), Downtown Dubai · 4th floor · completed 2007

402, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in April 2016, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 402 · DLD and Ejari recordsUpdated 21 April 2016
Last soldAED 6.8M21 April 2016
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 402, The Residences 7 (T3)

What is 402 worth today?

Last sold for AED 6,800,000 in 2016

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21 Apr 2016SoldReady
AED 6,800,000AED 3,266 per sqft
19 Jul 2010Sold by developerReady
AED 3,196,888AED 1,535 per sqft

Source: Dubai Land Department. Updated 21 April 2016.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
4th of 40
Parking
373 / 374
Developer
Emaar
Completed
2007
Service charge
AED 47,900 /yr
Last sold
AED 6.8M · April 2016

About 402, The Residences 7 (T3)

402 is a three-bedroom apartment of 2,082 sqft on the 4th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 21 April 2016 for AED 6,800,000, or AED 3,266 per sqft, in line with the AED 3,266 three-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 402 over time

Sales
Unit 402, 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, July 2010: AED 3,196,888 (AED 1,535 per sqft)Sold, April 2016: AED 6,800,000 (AED 3,266 per sqft)

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

Rents
Unit 402, each contractTypical three-bed in The Residences 7 (T3)
100K200K300K2012201620202024Typical 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 300,000

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 402 sits

All 37 3-beds →

402 last sold in April 2016 at AED 3,266 per sqft, in line with what three-beds in The Residences 7 (T3) were fetching at the time (AED 3,266).

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 4th floor

All 189 units in The Residences 7 (T3)
Value
4012-bedAED 3.95M · Jul 2025
4032-bedAED 2.85M · Aug 2010
4041-bedAED 522K · Oct 2011
4051-bedAED 1.6M · Oct 2021

402, The Residences 7 (T3) in numbers

  • Sold twice: first on 19 July 2010 for AED 3,196,888, last on 21 April 2016 for AED 6,800,000 (AED 3,266 per sqft).

Source: Dubai Land Department. Updated 21 April 2016.

Questions about 402, The Residences 7 (T3)

What did unit 402 last sell for?

AED 6,800,000 on 21 April 2016: AED 3,266 per sqft for 2,082 sqft. The unit has 2 registered sales; the first was AED 3,196,888 in July 2010.

How big is unit 402?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 4th floor of a 40-storey tower completed in 2007.

What is unit 402 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 402, The Residences 7 (T3)

Starts from the last sale price (AED 6.8M, 21 April 2016). Switch to today's estimate once you have unlocked it.
Price
AED 6,800,000
Deposit, UAE resident (20%)
AED 1,360,000
Deposit, non-resident (40%)
AED 2,720,000
Monthly over 25 years at 3.7%
AED 27,821

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