308, Concept 7 Residences
Sold prices and rental history: sold once, by the developer in August 2023, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 308, Concept 7 Residences
What is 308 worth today?
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Source: Dubai Land Department. Updated 8 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 392 sqft
- Floor
- 3rd of 10
- Parking
- 1 0
- Developer
- Condor Concept 7 Real Estate Development
- Completed
- 2024
- Last sold
- AED 471K · August 2023
- Building
- Concept 7 Residences
About 308, Concept 7 Residences
308 is a studio of 392 sqft on the 3rd floor of Concept 7 Residences, a 10-storey tower in Jumeirah Village Circle (JVC) completed in 2024 by Condor Concept 7 Real Estate Development . The developer sold it on 10 August 2023 for AED 470,813, or AED 1,199 per sqft, 3% below the AED 1,239 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 8 June 2026, is AED 40,000 a year: a gross yield of 8.5% on the 2023 price.
Sales and rents for 308 over time
308 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Concept 7 Residences, and where 308 sits
All 29 studios →308 last sold in August 2023 at AED 1,199 per sqft, 3% below what studios in Concept 7 Residences were fetching at the time (AED 1,239). Over the last 12 months studios sold for AED 720,000 to 752,000, around AED 1,855 per sqft, and rent for AED 34,172 to 66,500 a year. 308's AED 40,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Aug 202610 August 2026 | 399 sqft | 3,062 | 7 | ||
| 30 Mar 202630 March 2026 | 399 sqft | 752,000 | 1,884 | ||
| 15 Dec 202515 December 2025 | 388 sqft | 720,000 | 1,855 | ||
| 3 Dec 20253 December 2025 | 388 sqft | 720,000 | 1,854 |
Concept 7 Residences
Building159 apartments, studios to 2-bed over 10 floors in Jumeirah Village Circle (JVC), completed in 2024 by Condor Concept 7 Real Estate Development . 17 sold in the last 12 months.
- Typical price per sqft
- AED 1,658 Up 4.0%
- Typical sale
- AED 1.11M
- Typical rent
- AED 73K /yr
- Typical yield
- 6.3%
Other units on the 3rd floor
All 159 units in Concept 7 Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 301 | 2-bed | 1,148 sqft | AED 1.34MAED 1,337,763 · Mar 2024March 2024 | ||
| 302 | 1-bed | 701 sqft | AED 780KAED 780,000 · Apr 2025April 2025 | 72,000 /yr | |
| 303 | 1-bed | 691 sqft | AED 1.05MAED 1,050,000 · Dec 2025December 2025 | ||
| 304 | 1-bed | 691 sqft | AED 1.1MAED 1,100,000 · Mar 2026March 2026 | 76,000 /yr | |
| 305 | 1-bed | 698 sqft | AED 801KAED 801,265 · Oct 2023October 2023 | ||
| 306 | 1-bed | 726 sqft | AED 875KAED 875,000 · May 2024May 2024 | 82,000 /yr | |
| 307 | 1-bed | 716 sqft | AED 1.2MAED 1,200,000 · May 2025May 2025 | ||
| 309 | 1-bed | 711 sqft | AED 997KAED 997,040 · Feb 2024February 2024 | ||
| 310 | 1-bed | 731 sqft | AED 1.17MAED 1,173,000 · Jun 2025June 2025 | 75,000 /yr | |
| 311 | 1-bed | 734 sqft | AED 824KAED 824,440 · Aug 2023August 2023 | 80,000 /yr | |
| 312 | 1-bed | 754 sqft | AED 989KAED 988,866 · Mar 2024March 2024 | ||
| 313 | 1-bed | 753 sqft | AED 1.06MAED 1,060,000 · May 2025May 2025 | ||
| 314 | 1-bed | 685 sqft | AED 822KAED 821,631 · May 2024May 2024 | ||
| 315 | 1-bed | 718 sqft | AED 1.17MAED 1,170,000 · Aug 2025August 2025 | 78,000 /yr | |
| 316 | Studio | 396 sqft | AED 521KAED 520,605 · Oct 2023October 2023 | ||
| 317 | Studio | 438 sqft | AED 559KAED 558,703 · Aug 2023August 2023 |
308, Concept 7 Residences in numbers
- Sold once: by Condor Concept 7 Real Estate Development on 10 August 2023 for AED 470,813, or AED 1,199 per sqft.
- Rented since October 2025 on 2 Ejari contracts, from AED 72,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2023 price is 8.5%.
- Studios in Concept 7 Residences sold for AED 720,000–752,000 in the 12 months to November 2026; the building's median across all types is AED 1,658 per sqft.
Source: Dubai Land Department. Updated 8 June 2026.
Questions about 308, Concept 7 Residences
What did unit 308 last sell for?
AED 470,813 on 10 August 2023, sold by the developer: AED 1,199 per sqft for 392 sqft. It is the only registered sale of the unit.
What is the rent for unit 308?
AED 40,000 a year on the contract signed on 8 June 2026. The previous contract, from October 2025, was AED 72,000.
How big is unit 308?
392 sqft (36.4 sqm): a studio on the 3rd floor of a 10-storey tower completed in 2024.
What is unit 308 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Concept 7 Residences sold for AED 720,000 to 752,000 in the last 12 months, around AED 1,855 per sqft.
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Mortgage on 308, Concept 7 Residences
Starts from the last sale price (AED 471K, 10 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 470,813
- Deposit, UAE resident (20%)
- AED 94,163
- Deposit, non-resident (40%)
- AED 188,325
- Monthly over 25 years at 3.7%
- AED 1,926
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →