716, Concept 7 Residences
Sold prices and rental history: sold 4 times, last in August 2026, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 716, Concept 7 Residences
What is 716 worth today?
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Source: Dubai Land Department. Updated 18 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 399 sqft
- Floor
- 7th of 10
- Parking
- P2-66
- Developer
- Condor Concept 7 Real Estate Development
- Completed
- 2024
- Last sold
- AED 3K · August 2026
- Building
- Concept 7 Residences
About 716, Concept 7 Residences
716 is a studio of 399 sqft on the 7th floor of Concept 7 Residences, a 10-storey tower in Jumeirah Village Circle (JVC) completed in 2024 by Condor Concept 7 Real Estate Development . It last sold on 10 August 2026 for AED 3,062, or AED 7 per sqft, 100% below the AED 1,855 studios in the building were fetching at the time.
It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 18 September 2026, is AED 50,000 a year: a gross yield of 1632.9% on the 2026 price.
Sales and rents for 716 over time
716 has sold 3 times; 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 716 sits
All 29 studios →716 last sold in August 2026 at AED 7 per sqft, 100% below what studios in Concept 7 Residences were fetching at the time (AED 1,855). 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. 716's AED 50,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 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 | ||
| 9 Jul 20259 July 2025 | 388 sqft | 710,000 | 1,828 |
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 7th floor
All 159 units in Concept 7 Residences| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,138 sqft | AED 2.18MAED 2,181,751 · Mar 2026March 2026 | ||
| 702 | 1-bed | 702 sqft | AED 874KAED 874,152 · Oct 2023October 2023 | 90,000 /yr | |
| 703 | 1-bed | 698 sqft | AED 869KAED 868,657 · Mar 2024March 2024 | ||
| 704 | 1-bed | 696 sqft | AED 866KAED 866,245 · Mar 2024March 2024 | ||
| 705 | 1-bed | 698 sqft | AED 1.15MAED 1,151,414 · Apr 2024April 2024 | 72,000 /yr | |
| 706 | 1-bed | 726 sqft | AED 1.05MAED 1,047,344 · Oct 2023October 2023 | 75,000 /yr | |
| 707 | 1-bed | 710 sqft | AED 1.22MAED 1,221,754 · Feb 2024February 2024 | ||
| 708 | Studio | 392 sqft | AED 502KAED 502,201 · Aug 2023August 2023 | 45,000 /yr | |
| 709 | 1-bed | 723 sqft | AED 930KAED 930,000 · Jul 2026July 2026 | 75,000 /yr | |
| 710 | 1-bed | 739 sqft | AED 874KAED 873,955 · Aug 2023August 2023 | ||
| 711 | 1-bed | 734 sqft | AED 1.04MAED 1,040,300 · Mar 2024March 2024 | 83,000 /yr | |
| 712 | 1-bed | 754 sqft | AED 1.01MAED 1,011,884 · Oct 2023October 2023 | ||
| 713 | 1-bed | 749 sqft | AED 914KAED 914,248 · Oct 2023October 2023 | ||
| 714 | 1-bed | 685 sqft | AED 876KAED 876,406 · Aug 2023August 2023 | 80,000 /yr | |
| 715 | 1-bed | 713 sqft | AED 913KAED 913,193 · Oct 2023October 2023 | 85,000 /yr | |
| 717 | Studio | 438 sqft | AED 570KAED 570,000 · Oct 2023October 2023 |
716, Concept 7 Residences in numbers
- Sold 4 times: first on 20 October 2023 for AED 506,748, last on 10 August 2026 for AED 3,062 (AED 7 per sqft).
- Rented since May 2025 on 2 Ejari contracts, from AED 59,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2026 price is 1632.9%.
- 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 18 September 2026.
Questions about 716, Concept 7 Residences
What did unit 716 last sell for?
AED 3,062 on 10 August 2026: AED 7 per sqft for 399 sqft. The unit has 4 registered sales; the first was AED 506,748 in October 2023.
What is the rent for unit 716?
AED 50,000 a year on the contract signed on 18 September 2026. The previous contract, from May 2025, was AED 59,000.
How big is unit 716?
399 sqft (37.1 sqm): a studio on the 7th floor of a 10-storey tower completed in 2024.
What is unit 716 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 716, Concept 7 Residences
Starts from the last sale price (AED 3K, 10 August 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 3,062
- Deposit, UAE resident (20%)
- AED 612
- Deposit, non-resident (40%)
- AED 1,225
- Monthly over 25 years at 3.7%
- AED 13
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →