408, Concept 7 Residences
Sold prices and rental history: sold once, by the developer in February 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Concept 7 Residences
What is 408 worth today?
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Source: Dubai Land Department. Updated 8 February 2024.
Key facts
- Type
- Studio apartment
- Size
- 392 sqft
- Floor
- 4th of 10
- Parking
- 1
- Developer
- Condor Concept 7 Real Estate Development
- Completed
- 2024
- Last sold
- AED 725K · February 2024
- Building
- Concept 7 Residences
About 408, Concept 7 Residences
408 is a studio of 392 sqft on the 4th 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 8 February 2024 for AED 725,000, or AED 1,847 per sqft, 43% above the AED 1,295 studios in the building were fetching at the time.
No rental contract for the unit is registered on Ejari.
Sales and rents for 408 over time
408 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 408 sits
All 29 studios →408 last sold in February 2024 at AED 1,847 per sqft, 43% above what studios in Concept 7 Residences were fetching at the time (AED 1,295). 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.
| 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 4th floor
All 159 units in Concept 7 Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 401 | 2-bed | 1,148 sqft | AED 1.9MAED 1,900,350 · Mar 2024March 2024 | ||
| 402 | 1-bed | 702 sqft | AED 1.12MAED 1,120,519 · May 2024May 2024 | 90,000 /yr | |
| 403 | 1-bed | 698 sqft | AED 998KAED 997,987 · Mar 2024March 2024 | 84,000 /yr | |
| 404 | 1-bed | 696 sqft | AED 1.16MAED 1,164,091 · Mar 2024March 2024 | ||
| 405 | 1-bed | 698 sqft | AED 1.14MAED 1,141,883 · Feb 2024February 2024 | ||
| 406 | 1-bed | 726 sqft | AED 1.01MAED 1,013,247 · Feb 2024February 2024 | 70,000 /yr | |
| 407 | 1-bed | 710 sqft | AED 1.17MAED 1,169,026 · Feb 2024February 2024 | 90,000 /yr | |
| 409 | 1-bed | 723 sqft | AED 980KAED 980,000 · Jan 2026January 2026 | 80,000 /yr | |
| 410 | 1-bed | 739 sqft | AED 968KAED 968,182 · Feb 2024February 2024 | 86,000 /yr | |
| 411 | 1-bed | 734 sqft | AED 996KAED 996,359 · May 2024May 2024 | 75,000 /yr | |
| 412 | 1-bed | 754 sqft | AED 1.01MAED 1,013,520 · Mar 2024March 2024 | 80,000 /yr | |
| 413 | 1-bed | 753 sqft | AED 1.17MAED 1,173,000 · Jun 2025June 2025 | 75,000 /yr | |
| 414 | 1-bed | 688 sqft | AED 1.17MAED 1,170,000 · Jun 2026June 2026 | 78,000 /yr | |
| 415 | 1-bed | 713 sqft | AED 1.21MAED 1,208,110 · Mar 2024March 2024 | 80,000 /yr | |
| 416 | Studio | 396 sqft | AED 700KAED 700,000 · Feb 2025February 2025 | ||
| 417 | Studio | 438 sqft | AED 688KAED 687,500 · Nov 2023November 2023 | 55,000 /yr |
408, Concept 7 Residences in numbers
- Sold once: by Condor Concept 7 Real Estate Development on 8 February 2024 for AED 725,000, or AED 1,847 per sqft.
- 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 February 2024.
Questions about 408, Concept 7 Residences
What did unit 408 last sell for?
AED 725,000 on 8 February 2024, sold by the developer: AED 1,847 per sqft for 392 sqft. It is the only registered sale of the unit.
How big is unit 408?
392 sqft (36.4 sqm): a studio on the 4th floor of a 10-storey tower completed in 2024.
What is unit 408 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.
Selling 408? Put it on the OpenOffers board
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Mortgage on 408, Concept 7 Residences
Starts from the last sale price (AED 725K, 8 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 725,000
- Deposit, UAE resident (20%)
- AED 145,000
- Deposit, non-resident (40%)
- AED 290,000
- Monthly over 25 years at 3.7%
- AED 2,966
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →