Home
Dubai prices
About
Research
3-bed · 2,082 sqftThe Residences 7 (T3), Downtown Dubai · 6th floor · completed 2007

602, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in January 2014, and rented once, from October 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 602 · DLD and Ejari recordsUpdated 22 January 2014
Last soldAED 8.05M22 January 2014
Current rentAED 120K /yr24 October 2012
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 602

Property timeline for 602, The Residences 7 (T3)

What is 602 worth today?

Last sold for AED 8,050,000 in 2014

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

22 Jan 2014SoldReady
AED 8,050,000AED 3,866 per sqft
24 Oct 2012RentedNew contract
AED 120,000/yr6 months · AED 58 per sqft
8 Jun 2010Sold by developerReady
AED 3,378,888AED 1,622 per sqft

Source: Dubai Land Department. Updated 22 January 2014.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
6th of 40
Parking
369 / 370
Developer
Emaar
Completed
2007
Service charge
AED 47,900 /yr
Last sold
AED 8.05M · January 2014
Building
The Residences 7 (T3)

About 602, The Residences 7 (T3)

602 is a three-bedroom apartment of 2,082 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 22 January 2014 for AED 8,050,000, or AED 3,866 per sqft, 24% above the AED 3,122 three-beds in the building were fetching at the time.

One Ejari contract is registered, from 24 October 2012. The current contract, signed on 24 October 2012, is AED 120,000 a year: a gross yield of 1.5% on the 2014 price, before the service charge of about AED 47,900 a year.

Sales and rents for 602 over time

Sales
Unit 602, each saleTypical three-bed in The Residences 7 (T3)
5M2008201320182023Typical sale price by year: 2008 AED 3,045,800; 2009 AED 2,152,256; 2010 AED 3,196,888; 2011 AED 3,300,000; 2012 AED 4,024,888; 2014 AED 7,625,000; 2015 AED 6,700,000; 2020 AED 3,864,250; 2021 AED 3,900,000; 2022 AED 5,600,000; 2024 AED 5,374,428; 2025 AED 6,725,000Sold by developer, June 2010: AED 3,378,888 (AED 1,622 per sqft)Sold, January 2014: AED 8,050,000 (AED 3,866 per sqft)

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

Rents
Unit 602, each contractTypical three-bed in The Residences 7 (T3)
100K200K300K2012201620202024Typical rent by year: 2012 AED 120,000; 2013 AED 230,000; 2014 AED 290,000; 2015 AED 290,000; 2016 AED 279,500; 2017 AED 270,000; 2018 AED 234,552; 2019 AED 210,000; 2020 AED 180,000; 2021 AED 185,000; 2022 AED 210,000; 2023 AED 250,000; 2024 AED 250,000; 2025 AED 280,000; 2026 AED 300,000New contract, October 2012: AED 120,000 a year

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 602 sits

All 37 3-beds →

602 last sold in January 2014 at AED 3,866 per sqft, 24% above what three-beds in The Residences 7 (T3) were fetching at the time (AED 3,122). 602's AED 120,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
4 Jun 20256,200,000
28 May 20256,950,000
19 Feb 20256,750,000
29 Jan 20256,700,000
0 3-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
6012-bedAED 2M · Feb 2021
6032-bedAED 2.06M · Apr 2011
6041-bedAED 1.75M · Nov 2023
6051-bedAED 958K · Nov 2008

602, The Residences 7 (T3) in numbers

  • Sold twice: first on 8 June 2010 for AED 3,378,888, last on 22 January 2014 for AED 8,050,000 (AED 3,866 per sqft).
  • Rented since October 2012 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2014 price is 1.5%, before a service charge of about AED 47,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 22 January 2014.

Questions about 602, The Residences 7 (T3)

What did unit 602 last sell for?

AED 8,050,000 on 22 January 2014: AED 3,866 per sqft for 2,082 sqft. The unit has 2 registered sales; the first was AED 3,378,888 in June 2010.

What is the rent for unit 602?

AED 120,000 a year on the contract signed on 24 October 2012.

How big is unit 602?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 6th floor of a 40-storey tower completed in 2007.

What is unit 602 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 602? 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.

How OpenOffers works

Mortgage on 602, The Residences 7 (T3)

Starts from the last sale price (AED 8.05M, 22 January 2014). Switch to today's estimate once you have unlocked it.
Price
AED 8,050,000
Deposit, UAE resident (20%)
AED 1,610,000
Deposit, non-resident (40%)
AED 3,220,000
Monthly over 25 years at 3.7%
AED 32,935

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