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1-bed · 1,033 sqftThe Residences 7 (T3), Downtown Dubai · -2th floor · completed 2007

B202, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in November 2011, and rented once, from December 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B202 · DLD and Ejari recordsUpdated 20 December 2023
Last soldAED 1.4M13 November 2011
Current rentAED 95K /yr20 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B202, The Residences 7 (T3)

What is B202 worth today?

Last sold for AED 1,400,000 in 2011

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20 Dec 2023RentedNew contract
AED 95,000/yr12 months · AED 92 per sqft
13 Nov 2011SoldReady
AED 1,400,000AED 1,355 per sqft
2 Aug 2010Sold by developerReady
AED 1,207,888AED 1,169 per sqft

Source: Dubai Land Department. Updated 20 December 2023.

Key facts

Type
1-bed apartment
Size
1,033 sqft
Floor
-2th of 40
Parking
570
Developer
Emaar
Completed
2007
Service charge
AED 23,800 /yr
Last sold
AED 1.4M · November 2011
Building
The Residences 7 (T3)

About B202, The Residences 7 (T3)

B202 is a one-bedroom apartment of 1,033 sqft on the -2th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 13 November 2011 for AED 1,400,000, or AED 1,355 per sqft, 29% above the AED 1,052 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 December 2023. The current contract, signed on 20 December 2023, is AED 95,000 a year: a gross yield of 6.8% on the 2011 price, before the service charge of about AED 23,800 a year.

Sales and rents for B202 over time

Sales
Unit B202, each saleTypical one-bed in The Residences 7 (T3)
1M2M2008201320182023Typical sale price by year: 2008 AED 1,029,800; 2009 AED 1,098,800; 2010 AED 1,058,800; 2011 AED 1,045,900; 2012 AED 1,442,444; 2013 AED 1,650,000; 2014 AED 1,950,000; 2015 AED 1,950,000; 2017 AED 1,735,000; 2019 AED 1,300,000; 2021 AED 1,262,500; 2022 AED 1,510,000; 2023 AED 1,750,000; 2024 AED 1,900,000; 2025 AED 2,250,000Sold by developer, August 2010: AED 1,207,888 (AED 1,169 per sqft)Sold, November 2011: AED 1,400,000 (AED 1,355 per sqft)

B202 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit B202, each contractTypical one-bed in The Residences 7 (T3)
75K100K125K2012201620202024Typical rent by year: 2012 AED 81,500; 2013 AED 101,250; 2014 AED 105,000; 2015 AED 120,000; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 105,000; 2019 AED 92,000; 2020 AED 82,500; 2021 AED 79,500; 2022 AED 85,001; 2023 AED 100,000; 2024 AED 115,000; 2025 AED 122,000; 2026 AED 125,000New contract, December 2023: AED 95,000 a year

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 B202 sits

All 84 1-beds →

B202 last sold in November 2011 at AED 1,355 per sqft, 29% above what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,052). 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. B202's AED 95,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
9 Apr 20262,050,000
12 Sep 20252,500,000
20 Aug 20252,305,000
25 Jul 20252,180,000
1 1-bed sale 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 -2th floor

All 189 units in The Residences 7 (T3)
Value
B2031-bedAED 1.12M · Jan 2020

B202, The Residences 7 (T3) in numbers

  • Sold twice: first on 2 August 2010 for AED 1,207,888, last on 13 November 2011 for AED 1,400,000 (AED 1,355 per sqft).
  • Rented since December 2023 on one Ejari contract, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2011 price is 6.8%, before a service charge of about AED 23,800 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 20 December 2023.

Questions about B202, The Residences 7 (T3)

What did unit B202 last sell for?

AED 1,400,000 on 13 November 2011: AED 1,355 per sqft for 1,033 sqft. The unit has 2 registered sales; the first was AED 1,207,888 in August 2010.

What is the rent for unit B202?

AED 95,000 a year on the contract signed on 20 December 2023.

How big is unit B202?

1,033 sqft (96.0 sqm): a one-bedroom apartment on the -2th floor of a 40-storey tower completed in 2007.

What is unit B202 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 B202, The Residences 7 (T3)

Starts from the last sale price (AED 1.4M, 13 November 2011). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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