503, The Residences 7 (T3)
Sold prices and rental history: sold once, by the developer in January 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, The Residences 7 (T3)
What is 503 worth today?
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Source: Dubai Land Department. Updated 29 September 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,650 sqft
- Floor
- 5th of 40
- Parking
- 260
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 38,000 /yr
- Last sold
- AED 1.06M · January 2009
- Building
- The Residences 7 (T3)
About 503, The Residences 7 (T3)
503 is a two-bedroom apartment of 1,650 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 15 January 2009 for AED 1,056,900, or AED 640 per sqft, 62% below the AED 1,667 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 29 September 2026, is AED 215,000 a year: a gross yield of 20.3% on the 2009 price, before the service charge of about AED 38,000 a year.
Sales and rents for 503 over time
503 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 503 sits
All 72 2-beds →503 last sold in January 2009 at AED 640 per sqft, 62% below what two-beds in The Residences 7 (T3) were fetching at the time (AED 1,667). 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. 503's AED 215,000 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 | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,452 sqft | AED 1.7MAED 1,704,888 · Aug 2010August 2010 | 200,000 /yr | |
| 502 | 3-bed | 2,082 sqft | AED 6.2MAED 6,200,000 · Mar 2024March 2024 | 375,000 /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 |
503, The Residences 7 (T3) in numbers
- Sold once: by Emaar on 15 January 2009 for AED 1,056,900, or AED 640 per sqft.
- Rented since November 2013 on 10 Ejari contracts. The rent fell from AED 178,000 to AED 135,000 in 2020 and recovered to AED 215,000 by September 2026.
- At AED 215,000 a year the gross yield on the 2009 price is 20.3%, 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 29 September 2026.
Questions about 503, The Residences 7 (T3)
What did unit 503 last sell for?
AED 1,056,900 on 15 January 2009, sold by the developer: AED 640 per sqft for 1,650 sqft. It is the only registered sale of the unit.
What is the rent for unit 503?
AED 215,000 a year on the contract signed on 29 September 2026. The previous contract, from September 2025, was AED 250,000; the unit has been rented since November 2013.
How big is unit 503?
1,650 sqft (153.3 sqm): a two-bedroom apartment on the 5th floor of a 40-storey tower completed in 2007.
What is unit 503 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 503, The Residences 7 (T3)
Starts from the last sale price (AED 1.06M, 15 January 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 1,056,900
- Deposit, UAE resident (20%)
- AED 211,380
- Deposit, non-resident (40%)
- AED 422,760
- Monthly over 25 years at 3.7%
- AED 4,324
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →