701, The Residences 7 (T3)
Sold prices and rental history: sold 3 times, last in September 2014, and rented since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, The Residences 7 (T3)
What is 701 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 23 September 2014.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 7th of 40
- Parking
- 70
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 33,400 /yr
- Last sold
- AED 4M · September 2014
- Building
- The Residences 7 (T3)
About 701, The Residences 7 (T3)
701 is a two-bedroom apartment of 1,452 sqft on the 7th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 23 September 2014 for AED 4,000,000, or AED 2,754 per sqft, in line with the AED 2,754 two-beds in the building were fetching at the time.
It has been rented since 2012 on 2 Ejari contracts. The current contract, signed on 11 August 2013, is AED 149,198 a year: a gross yield of 3.7% on the 2014 price, before the service charge of about AED 33,400 a year.
Sales and rents for 701 over time
701 has sold 3 times; 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 701 sits
All 72 2-beds →701 last sold in September 2014 at AED 2,754 per sqft, in line with what two-beds in The Residences 7 (T3) were fetching at the time (AED 2,754). 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. 701's AED 149,198 is in the lower 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 7th floor
All 189 units in The Residences 7 (T3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 3-bed | 2,082 sqft | AED 2.75MAED 2,754,800 · Nov 2008November 2008 | 300,000 /yr | |
| 703 | 2-bed | 1,650 sqft | AED 2.11MAED 2,106,800 · Jan 2011January 2011 | 220,000 /yr | |
| 704 | 1-bed | 778 sqft | AED 1.02MAED 1,020,000 · Mar 2019March 2019 | 100,000 /yr | |
| 705 | 1-bed | 1,046 sqft | AED 961KAED 960,888 · Sep 2010September 2010 | 120,000 /yr |
701, The Residences 7 (T3) in numbers
- Sold 3 times: first on 26 August 2010 for AED 3,300,000, last on 23 September 2014 for AED 4,000,000 (AED 2,754 per sqft).
- Rented since August 2012 on 2 Ejari contracts, from AED 150,000 to AED 149,198 a year.
- At AED 149,198 a year the gross yield on the 2014 price is 3.7%, 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 23 September 2014.
Questions about 701, The Residences 7 (T3)
What did unit 701 last sell for?
AED 4,000,000 on 23 September 2014: AED 2,754 per sqft for 1,452 sqft. The unit has 3 registered sales; the first was AED 3,300,000 in August 2010.
What is the rent for unit 701?
AED 149,198 a year on the contract signed on 11 August 2013. The previous contract, from August 2012, was AED 150,000.
How big is unit 701?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 7th floor of a 40-storey tower completed in 2007.
What is unit 701 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.
Selling 701? 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.
Mortgage on 701, The Residences 7 (T3)
Starts from the last sale price (AED 4M, 23 September 2014). Switch to today's estimate once you have unlocked it.- Price
- AED 4,000,000
- Deposit, UAE resident (20%)
- AED 800,000
- Deposit, non-resident (40%)
- AED 1,600,000
- Monthly over 25 years at 3.7%
- AED 16,365
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →