501, The Residences 7 (T3)
Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, The Residences 7 (T3)
What is 501 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 23 June 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 5th of 40
- Parking
- 69
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 33,400 /yr
- Last sold
- AED 1.7M · August 2010
- Building
- The Residences 7 (T3)
About 501, The Residences 7 (T3)
501 is a two-bedroom apartment of 1,452 sqft on the 5th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 30 August 2010 for AED 1,704,888, or AED 1,174 per sqft, 15% below the AED 1,377 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 15 Ejari contracts. The current contract, renewed on 23 June 2026, is AED 200,000 a year: a gross yield of 11.7% on the 2010 price, before the service charge of about AED 33,400 a year.
Sales and rents for 501 over time
501 has sold once; the dashed line is the two-bed median of each year in the building.
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 501 sits
All 72 2-beds →501 last sold in August 2010 at AED 1,174 per sqft, 15% below what two-beds in The Residences 7 (T3) were fetching at the time (AED 1,377). 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. 501's AED 200,000 is in the upper half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 24 Feb 202624 February 2026 | 1,650 sqft | 5,100,000 | 3,090 | ||
| 25 Dec 202525 December 2025 | 825 sqft | 2,562,500 | 3,106 | ||
| 24 Dec 202524 December 2025 | 825 sqft | 2,562,500 | 3,105 | ||
| 10 Dec 202510 December 2025 | 1,650 sqft | 5,125,000 | 3,106 |
The Residences 7 (T3)
Building189 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%
Other units on the 5th floor
All 189 units in The Residences 7 (T3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 3-bed | 2,082 sqft | AED 6.2MAED 6,200,000 · Mar 2024March 2024 | 375,000 /yr | |
| 503 | 2-bed | 1,650 sqft | AED 1.06MAED 1,056,900 · Jan 2009January 2009 | 215,000 /yr | |
| 504 | 1-bed | 915 sqft | AED 650KAED 650,000 · Nov 2018November 2018 | 120,000 /yr | |
| 505 | 1-bed | 1,046 sqft | AED 955KAED 954,800 · Feb 2009February 2009 | 120,000 /yr |
501, The Residences 7 (T3) in numbers
- Sold once: by Emaar on 30 August 2010 for AED 1,704,888, or AED 1,174 per sqft.
- Rented since October 2014 on 15 Ejari contracts. The rent fell from AED 195,000 to AED 120,000 in 2020 and recovered to AED 200,000 by June 2026.
- At AED 200,000 a year the gross yield on the 2010 price is 11.7%, before a service charge of about AED 33,400 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 23 June 2026.
Questions about 501, The Residences 7 (T3)
What did unit 501 last sell for?
AED 1,704,888 on 30 August 2010, sold by the developer: AED 1,174 per sqft for 1,452 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 200,000 a year on the contract renewed on 23 June 2026. The previous contract, from August 2025, was AED 167,750; the unit has been rented since October 2014.
How big is unit 501?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 5th floor of a 40-storey tower completed in 2007.
What is unit 501 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.
Selling 501? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 501, The Residences 7 (T3)
Starts from the last sale price (AED 1.7M, 30 August 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,704,888
- Deposit, UAE resident (20%)
- AED 340,978
- Deposit, non-resident (40%)
- AED 681,955
- Monthly over 25 years at 3.7%
- AED 6,975
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →