502, The Residences 7 (T3)
Sold prices and rental history: sold twice, last in March 2024, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 502, The Residences 7 (T3)
What is 502 worth today?
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Source: Dubai Land Department. Updated 28 July 2026.
Key facts
- Type
- 3-bed apartment
- Size
- 2,082 sqft
- Floor
- 5th of 40
- Parking
- 366 / 375
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 47,900 /yr
- Last sold
- AED 6.2M · March 2024
- Building
- The Residences 7 (T3)
About 502, The Residences 7 (T3)
502 is a three-bedroom apartment of 2,082 sqft on the 5th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 21 March 2024 for AED 6,200,000, or AED 2,977 per sqft, 15% above the AED 2,581 three-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 12 Ejari contracts. The current contract, renewed on 28 July 2026, is AED 390,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 47,900 a year.
Sales and rents for 502 over time
502 has sold twice; the dashed line is the three-bed median of each year in the building.
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 502 sits
All 37 3-beds →502 last sold in March 2024 at AED 2,977 per sqft, 15% above what three-beds in The Residences 7 (T3) were fetching at the time (AED 2,581). 502's AED 390,000 is in the upper half of that range.
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 4 Jun 20254 June 2025 | 2,082 sqft | 6,200,000 | 2,977 | ||
| 28 May 202528 May 2025 | 2,082 sqft | 6,950,000 | 3,338 | ||
| 19 Feb 202519 February 2025 | 2,082 sqft | 6,750,000 | 3,242 | ||
| 29 Jan 202529 January 2025 | 2,082 sqft | 6,700,000 | 3,218 |
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 | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,452 sqft | AED 1.7MAED 1,704,888 · Aug 2010August 2010 | 200,000 /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 |
502, The Residences 7 (T3) in numbers
- Sold twice: first on 22 November 2017 for AED 4,575,000, last on 21 March 2024 for AED 6,200,000 (AED 2,977 per sqft).
- Rented since May 2016 on 12 Ejari contracts. The rent fell from AED 200,000 to AED 175,000 in 2020 and recovered to AED 390,000 by July 2026.
- At AED 390,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 47,900 a year (AED 23.00 per sqft).
Source: Dubai Land Department. Updated 28 July 2026.
Questions about 502, The Residences 7 (T3)
What did unit 502 last sell for?
AED 6,200,000 on 21 March 2024: AED 2,977 per sqft for 2,082 sqft. The unit has 2 registered sales; the first was AED 4,575,000 in November 2017.
What is the rent for unit 502?
AED 390,000 a year on the contract renewed on 28 July 2026. The previous contract, from July 2026, was AED 375,000; the unit has been rented since May 2016.
How big is unit 502?
2,082 sqft (193.4 sqm): a three-bedroom apartment on the 5th floor of a 40-storey tower completed in 2007.
What is unit 502 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 502, The Residences 7 (T3)
Starts from the last sale price (AED 6.2M, 21 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 6,200,000
- Deposit, UAE resident (20%)
- AED 1,240,000
- Deposit, non-resident (40%)
- AED 2,480,000
- Monthly over 25 years at 3.7%
- AED 25,366
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →