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3-bed · 2,082 sqftThe Residences 7 (T3), Downtown Dubai · 7th floor · completed 2007

702, The Residences 7 (T3)

Sold prices and rental history: sold once, by the developer in November 2008, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 702 · DLD and Ejari recordsUpdated 1 November 2025
Last soldAED 2.75M17 November 2008
Current rentAED 300K /yr1 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 702, The Residences 7 (T3)

What is 702 worth today?

Last sold for AED 2,754,800 in 2008

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1 Nov 2025RentedNew contract
AED 300,000/yr12 months · AED 144 per sqft
15 Dec 2020RentedNew contract
AED 160,000/yr36 months · AED 77 per sqft
1 Jul 2019RentedRenewal
AED 243,000/yr36 months · AED 117 per sqft
1 Jul 2016RentedRenewal
AED 279,000/yr36 months · AED 134 per sqft
1 Jul 2014RentedNew contract
AED 268,800/yr24 months · AED 129 per sqft
17 Nov 2008Sold by developerReady
AED 2,754,800AED 1,323 per sqft

Source: Dubai Land Department. Updated 1 November 2025.

Key facts

Type
3-bed apartment
Size
2,082 sqft
Floor
7th of 40
Parking
538 / 539
Developer
Emaar
Completed
2007
Service charge
AED 47,900 /yr
Last sold
AED 2.75M · November 2008
Building
The Residences 7 (T3)

About 702, The Residences 7 (T3)

702 is a three-bedroom apartment of 2,082 sqft on the 7th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 17 November 2008 for AED 2,754,800, or AED 1,323 per sqft, 10% below the AED 1,463 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, signed on 1 November 2025, is AED 300,000 a year: a gross yield of 10.9% on the 2008 price, before the service charge of about AED 47,900 a year.

Sales and rents for 702 over time

Sales
Unit 702, each saleTypical three-bed in The Residences 7 (T3)
2.5M5M7.5M2008201320182023Typical 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, November 2008: AED 2,754,800 (AED 1,323 per sqft)

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

Rents
Unit 702, 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, July 2014: AED 268,800 a yearRenewal, July 2016: AED 279,000 a yearRenewal, July 2019: AED 243,000 a yearNew contract, December 2020: AED 160,000 a yearNew contract, November 2025: AED 300,000 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 702 sits

All 37 3-beds →

702 last sold in November 2008 at AED 1,323 per sqft, 10% below what three-beds in The Residences 7 (T3) were fetching at the time (AED 1,463). 702's AED 300,000 is in the lower half 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 7th floor

All 189 units in The Residences 7 (T3)
Value
7012-bedAED 4M · Sep 2014
7032-bedAED 2.11M · Jan 2011
7041-bedAED 1.02M · Mar 2019
7051-bedAED 961K · Sep 2010

702, The Residences 7 (T3) in numbers

  • Sold once: by Emaar on 17 November 2008 for AED 2,754,800, or AED 1,323 per sqft.
  • Rented since July 2014 on 5 Ejari contracts. The rent fell from AED 268,800 to AED 160,000 in 2020 and recovered to AED 300,000 by November 2025.
  • At AED 300,000 a year the gross yield on the 2008 price is 10.9%, before a service charge of about AED 47,900 a year (AED 23.00 per sqft).

Source: Dubai Land Department. Updated 1 November 2025.

Questions about 702, The Residences 7 (T3)

What did unit 702 last sell for?

AED 2,754,800 on 17 November 2008, sold by the developer: AED 1,323 per sqft for 2,082 sqft. It is the only registered sale of the unit.

What is the rent for unit 702?

AED 300,000 a year on the contract signed on 1 November 2025. The previous contract, from December 2020, was AED 160,000; the unit has been rented since July 2014.

How big is unit 702?

2,082 sqft (193.4 sqm): a three-bedroom apartment on the 7th floor of a 40-storey tower completed in 2007.

What is unit 702 worth today?

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

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Mortgage on 702, The Residences 7 (T3)

Starts from the last sale price (AED 2.75M, 17 November 2008). Switch to today's estimate once you have unlocked it.
Price
AED 2,754,800
Deposit, UAE resident (20%)
AED 550,960
Deposit, non-resident (40%)
AED 1,101,920
Monthly over 25 years at 3.7%
AED 11,271

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