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1-bed · 1,166 sqftThe Residences 7 (T3), Downtown Dubai · -3th floor · completed 2007

B303, The Residences 7 (T3)

Sold prices and rental history: sold once, by the developer in May 2009, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B303 · DLD and Ejari recordsUpdated 17 December 2022
Last soldAED 1.31M10 May 2009
Current rentAED 95K /yr17 December 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for B303, The Residences 7 (T3)

What is B303 worth today?

Last sold for AED 1,314,888 in 2009

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17 Dec 2022RentedRenewal
AED 94,745/yr12 months · AED 82 per sqft
17 Dec 2021RentedNew contract
AED 90,000/yr12 months · AED 77 per sqft
14 Feb 2021RentedRenewal
AED 76,000/yr12 months · AED 65 per sqft
14 Feb 2020RentedNew contract
AED 90,000/yr12 months · AED 77 per sqft
3 Dec 2017RentedNew contract
AED 132,500/yr12 months · AED 114 per sqft
5 Jan 2016RentedNew contract
AED 130,000/yr12 months · AED 112 per sqft
10 Jun 2015RentedNew contract
AED 120,000/yr12 months · AED 103 per sqft
20 May 2014RentedNew contract
AED 120,000/yr12 months · AED 103 per sqft

Source: Dubai Land Department. Updated 17 December 2022.

Key facts

Type
1-bed apartment
Size
1,166 sqft
Floor
-3th of 40
Parking
573
Developer
Emaar
Completed
2007
Service charge
AED 26,800 /yr
Last sold
AED 1.31M · May 2009
Building
The Residences 7 (T3)

About B303, The Residences 7 (T3)

B303 is a one-bedroom apartment of 1,166 sqft on the -3th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 10 May 2009 for AED 1,314,888, or AED 1,127 per sqft, in line with the AED 1,096 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 8 Ejari contracts. The current contract, renewed on 17 December 2022, is AED 94,745 a year: a gross yield of 7.2% on the 2009 price, before the service charge of about AED 26,800 a year.

Sales and rents for B303 over time

Sales
Unit B303, 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, May 2009: AED 1,314,888 (AED 1,127 per sqft)

B303 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit B303, each contractTypical one-bed in The Residences 7 (T3)
100K2012201620202024Typical 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, May 2014: AED 120,000 a yearNew contract, June 2015: AED 120,000 a yearNew contract, January 2016: AED 130,000 a yearNew contract, December 2017: AED 132,500 a yearNew contract, February 2020: AED 90,000 a yearRenewal, February 2021: AED 76,000 a yearNew contract, December 2021: AED 90,000 a yearRenewal, December 2022: AED 94,745 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 B303 sits

All 84 1-beds →

B303 last sold in May 2009 at AED 1,127 per sqft, in line with what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,096). 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. B303's AED 94,745 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 -3th floor

All 189 units in The Residences 7 (T3)
Value
B3021-bedAED 1.46M · Jul 2013

B303, The Residences 7 (T3) in numbers

  • Sold once: by Emaar on 10 May 2009 for AED 1,314,888, or AED 1,127 per sqft.
  • Rented since May 2014 on 8 Ejari contracts. The rent fell from AED 120,000 to AED 76,000 in 2021 and recovered to AED 94,745 by December 2022.
  • At AED 94,745 a year the gross yield on the 2009 price is 7.2%, before a service charge of about AED 26,800 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 17 December 2022.

Questions about B303, The Residences 7 (T3)

What did unit B303 last sell for?

AED 1,314,888 on 10 May 2009, sold by the developer: AED 1,127 per sqft for 1,166 sqft. It is the only registered sale of the unit.

What is the rent for unit B303?

AED 94,745 a year on the contract renewed on 17 December 2022. The previous contract, from December 2021, was AED 90,000; the unit has been rented since May 2014.

How big is unit B303?

1,166 sqft (108.3 sqm): a one-bedroom apartment on the -3th floor of a 40-storey tower completed in 2007.

What is unit B303 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 B303, The Residences 7 (T3)

Starts from the last sale price (AED 1.31M, 10 May 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,314,888
Deposit, UAE resident (20%)
AED 262,978
Deposit, non-resident (40%)
AED 525,955
Monthly over 25 years at 3.7%
AED 5,380

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