505, The Residences 7 (T3)
Sold prices and rental history: sold once, by the developer in February 2009, 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 505, The Residences 7 (T3)
What is 505 worth today?
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Source: Dubai Land Department. Updated 19 April 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 1,046 sqft
- Floor
- 5th of 40
- Parking
- 279
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 24,100 /yr
- Last sold
- AED 955K · February 2009
- Building
- The Residences 7 (T3)
About 505, The Residences 7 (T3)
505 is a one-bedroom apartment of 1,046 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 24 February 2009 for AED 954,800, or AED 912 per sqft, 16% below the AED 1,089 one-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 19 April 2024, is AED 120,000 a year: a gross yield of 12.6% on the 2009 price, before the service charge of about AED 24,100 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in The Residences 7 (T3), and where 505 sits
All 84 1-beds →505 last sold in February 2009 at AED 912 per sqft, 16% below what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,089). Over the last 12 months one-beds sold for AED 2,050,000, around AED 2,240 per sqft, and rent for AED 85,000 to 140,000 a year. 505's AED 120,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Apr 20269 April 2026 | 915 sqft | 2,050,000 | 2,240 | ||
| 12 Sep 202512 September 2025 | 915 sqft | 2,500,000 | 2,732 | ||
| 20 Aug 202520 August 2025 | 1,046 sqft | 2,305,000 | 2,203 | ||
| 25 Jul 202525 July 2025 | 915 sqft | 2,180,000 | 2,382 |
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 | |
| 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, The Residences 7 (T3) in numbers
- Sold once: by Emaar on 24 February 2009 for AED 954,800, or AED 912 per sqft.
- Rented since November 2014 on 11 Ejari contracts. The rent fell from AED 125,000 to AED 75,000 in 2020 and recovered to AED 120,000 by April 2024.
- At AED 120,000 a year the gross yield on the 2009 price is 12.6%, before a service charge of about AED 24,100 a year (AED 23.00 per sqft).
- One-beds in The Residences 7 (T3) sold for AED 2,050,000–2,050,000 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 19 April 2024.
Questions about 505, The Residences 7 (T3)
What did unit 505 last sell for?
AED 954,800 on 24 February 2009, sold by the developer: AED 912 per sqft for 1,046 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 120,000 a year on the contract renewed on 19 April 2024. The previous contract, from April 2023, was AED 120,000; the unit has been rented since November 2014.
How big is unit 505?
1,046 sqft (97.2 sqm): a one-bedroom apartment on the 5th floor of a 40-storey tower completed in 2007.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in The Residences 7 (T3) sold for AED 2,050,000 to 2,050,000 in the last 12 months, around AED 2,240 per sqft.
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Mortgage on 505, The Residences 7 (T3)
Starts from the last sale price (AED 955K, 24 February 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 954,800
- Deposit, UAE resident (20%)
- AED 190,960
- Deposit, non-resident (40%)
- AED 381,920
- Monthly over 25 years at 3.7%
- AED 3,906
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →