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2-bed · 1,452 sqftThe Residences 7 (T3), Downtown Dubai · 6th floor · completed 2007

601, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in February 2021, and rented once, from April 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 14 February 2021
Last soldAED 2M14 February 2021
Current rentAED 150K /yr1 April 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 601, The Residences 7 (T3)

What is 601 worth today?

Last sold for AED 2,000,000 in 2021

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14 Feb 2021SoldReady
AED 2,000,000AED 1,377 per sqft
1 Apr 2019RentedNew contract
AED 150,000/yr12 months · AED 103 per sqft
30 Aug 2010Sold by developerReady
AED 2,443,888AED 1,683 per sqft

Source: Dubai Land Department. Updated 14 February 2021.

Key facts

Type
2-bed apartment
Size
1,452 sqft
Floor
6th of 40
Parking
569
Developer
Emaar
Completed
2007
Service charge
AED 33,400 /yr
Last sold
AED 2M · February 2021
Building
The Residences 7 (T3)

About 601, The Residences 7 (T3)

601 is a two-bedroom apartment of 1,452 sqft on the 6th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 14 February 2021 for AED 2,000,000, or AED 1,377 per sqft, in line with the AED 1,377 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2019. The current contract, signed on 1 April 2019, is AED 150,000 a year: a gross yield of 7.5% on the 2021 price, before the service charge of about AED 33,400 a year.

Sales and rents for 601 over time

Sales
Unit 601, each saleTypical two-bed in The Residences 7 (T3)
2M4M2008201320182023Typical sale price by year: 2008 AED 2,521,844; 2009 AED 2,124,212; 2010 AED 2,443,888; 2011 AED 2,280,444; 2012 AED 3,000,000; 2013 AED 3,900,000; 2014 AED 4,900,000; 2015 AED 4,800,000; 2017 AED 3,900,000; 2021 AED 2,475,000; 2022 AED 3,175,000; 2023 AED 2,850,000; 2024 AED 3,732,500; 2025 AED 4,050,000Sold by developer, August 2010: AED 2,443,888 (AED 1,683 per sqft)Sold, February 2021: AED 2,000,000 (AED 1,377 per sqft)

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

Rents
Unit 601, each contractTypical two-bed in The Residences 7 (T3)
150K200K2012201620202024Typical rent by year: 2012 AED 161,000; 2013 AED 178,000; 2014 AED 195,000; 2015 AED 190,000; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 161,250; 2019 AED 145,000; 2020 AED 128,900; 2021 AED 125,000; 2022 AED 135,490; 2023 AED 180,000; 2024 AED 180,000; 2025 AED 200,000; 2026 AED 200,000New contract, April 2019: AED 150,000 a year

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 601 sits

All 72 2-beds →

601 last sold in February 2021 at AED 1,377 per sqft, in line with 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. 601's AED 150,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
24 Feb 20265,100,000
25 Dec 20252,562,500
24 Dec 20252,562,500
10 Dec 20255,125,000
4 2-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 6th floor

All 189 units in The Residences 7 (T3)
Value
6023-bedAED 8.05M · Jan 2014
6032-bedAED 2.06M · Apr 2011
6041-bedAED 1.75M · Nov 2023
6051-bedAED 958K · Nov 2008

601, The Residences 7 (T3) in numbers

  • Sold twice: first on 30 August 2010 for AED 2,443,888, last on 14 February 2021 for AED 2,000,000 (AED 1,377 per sqft).
  • Rented since April 2019 on one Ejari contract, at AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2021 price is 7.5%, 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 14 February 2021.

Questions about 601, The Residences 7 (T3)

What did unit 601 last sell for?

AED 2,000,000 on 14 February 2021: AED 1,377 per sqft for 1,452 sqft. The unit has 2 registered sales; the first was AED 2,443,888 in August 2010.

What is the rent for unit 601?

AED 150,000 a year on the contract signed on 1 April 2019.

How big is unit 601?

1,452 sqft (134.9 sqm): a two-bedroom apartment on the 6th floor of a 40-storey tower completed in 2007.

What is unit 601 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 601, The Residences 7 (T3)

Starts from the last sale price (AED 2M, 14 February 2021). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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