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1-bed · 1,063 sqftThe Residences 7 (T3), Downtown Dubai · -3th floor · completed 2007

B302, The Residences 7 (T3)

Sold prices and rental history: sold 3 times, last in July 2013, and rented once, from August 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B302 · DLD and Ejari recordsUpdated 1 August 2022
Last soldAED 1.46M9 July 2013
Current rentAED 120K /yr1 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B302, The Residences 7 (T3)

What is B302 worth today?

Last sold for AED 1,455,000 in 2013

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1 Aug 2022RentedNew contract
AED 120,000/yr12 months · AED 113 per sqft
9 Jul 2013SoldReady
AED 1,455,000AED 1,368 per sqft
6 Dec 2011SoldReady
AED 1,455,000AED 1,368 per sqft
2 Aug 2010Sold by developerReady
AED 1,251,888AED 1,177 per sqft

Source: Dubai Land Department. Updated 1 August 2022.

Key facts

Type
1-bed apartment
Size
1,063 sqft
Floor
-3th of 40
Parking
588
Developer
Emaar
Completed
2007
Service charge
AED 24,500 /yr
Last sold
AED 1.46M · July 2013
Building
The Residences 7 (T3)

About B302, The Residences 7 (T3)

B302 is a one-bedroom apartment of 1,063 sqft on the -3th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 9 July 2013 for AED 1,455,000, or AED 1,368 per sqft, 9% below the AED 1,508 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2022. The current contract, signed on 1 August 2022, is AED 120,000 a year: a gross yield of 8.3% on the 2013 price, before the service charge of about AED 24,500 a year.

Sales and rents for B302 over time

Sales
Unit B302, 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 1,251,888 (AED 1,177 per sqft)Sold, December 2011: AED 1,455,000 (AED 1,368 per sqft)Sold, July 2013: AED 1,455,000 (AED 1,368 per sqft)

B302 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit B302, 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, August 2022: AED 120,000 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 B302 sits

All 84 1-beds →

B302 last sold in July 2013 at AED 1,368 per sqft, 9% below what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,508). 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. B302's AED 120,000 is in the upper 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 -3th floor

All 189 units in The Residences 7 (T3)
Value
B3031-bedAED 1.31M · May 2009

B302, The Residences 7 (T3) in numbers

  • Sold 3 times: first on 2 August 2010 for AED 1,251,888, last on 9 July 2013 for AED 1,455,000 (AED 1,368 per sqft).
  • Rented since August 2022 on one Ejari contract, at AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2013 price is 8.3%, before a service charge of about AED 24,500 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 1 August 2022.

Questions about B302, The Residences 7 (T3)

What did unit B302 last sell for?

AED 1,455,000 on 9 July 2013: AED 1,368 per sqft for 1,063 sqft. The unit has 3 registered sales; the first was AED 1,251,888 in August 2010.

What is the rent for unit B302?

AED 120,000 a year on the contract signed on 1 August 2022.

How big is unit B302?

1,063 sqft (98.8 sqm): a one-bedroom apartment on the -3th floor of a 40-storey tower completed in 2007.

What is unit B302 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 B302, The Residences 7 (T3)

Starts from the last sale price (AED 1.46M, 9 July 2013). Switch to today's estimate once you have unlocked it.
Price
AED 1,455,000
Deposit, UAE resident (20%)
AED 291,000
Deposit, non-resident (40%)
AED 582,000
Monthly over 25 years at 3.7%
AED 5,953

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