1303, The Residences 7 (T3)
Sold prices and rental history: sold once, by the developer in February 2009, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1303, The Residences 7 (T3)
What is 1303 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 27 July 2021.
Key facts
- Type
- Apartment
- Size
- 561 sqft
- Floor
- 13th of 40
- Parking
- 465
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 12,900 /yr
- Last sold
- AED 2.18M · February 2009
- Building
- The Residences 7 (T3)
About 1303, The Residences 7 (T3)
1303 is an apartment of 561 sqft on the 13th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 1 February 2009 for AED 2,178,800, or AED 1,320 per sqft.
It has been rented continuously since 2013 on 4 Ejari contracts. The current contract, signed on 27 July 2021, is AED 50,000 a year: a gross yield of 2.3% on the 2009 price, before the service charge of about AED 12,900 a year.
The Residences 7 (T3)
Building189 apartments, 1-bed to 4-bed over 40 floors in Downtown Dubai, completed in 2007 by Emaar. 3 sold in the last 12 months.
- Typical price per sqft
- AED 3,106
- Typical sale
- AED 2.56M
- Typical rent
- AED 125K /yr
- Typical yield
- 4.2%
Other units on the 13th floor
All 189 units in The Residences 7 (T3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | 2-bed | 1,452 sqft | AED 880KAED 880,000 · Sep 2021September 2021 | 130,000 /yr | |
| 1302 | 3-bed | 2,082 sqft | AED 7.2MAED 7,200,000 · Nov 2014November 2014 | 285,000 /yr | |
| 1304 | 1-bed | 915 sqft | AED 519KAED 519,400 · Jun 2011June 2011 | 140,000 /yr | |
| 1305 | 1-bed | 1,046 sqft | AED 2.25MAED 2,250,000 · May 2025May 2025 | 115,000 /yr |
1303, The Residences 7 (T3) in numbers
- Sold once: by Emaar on 1 February 2009 for AED 2,178,800, or AED 1,320 per sqft.
- Rented since June 2013 on 4 Ejari contracts, from AED 190,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2009 price is 2.3%, before a service charge of about AED 12,900 a year (AED 23.00 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 27 July 2021.
Questions about 1303, The Residences 7 (T3)
What did unit 1303 last sell for?
AED 2,178,800 on 1 February 2009, sold by the developer: AED 1,320 per sqft for 561 sqft. It is the only registered sale of the unit.
What is the rent for unit 1303?
AED 50,000 a year on the contract signed on 27 July 2021. The previous contract, from June 2017, was AED 196,800; the unit has been rented since June 2013.
How big is unit 1303?
561 sqft (52.1 sqm): an apartment on the 13th floor of a 40-storey tower completed in 2007.
What is unit 1303 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.
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Mortgage on 1303, The Residences 7 (T3)
Starts from the last sale price (AED 2.18M, 1 February 2009). Switch to today's estimate once you have unlocked it.- Price
- AED 2,178,800
- Deposit, UAE resident (20%)
- AED 435,760
- Deposit, non-resident (40%)
- AED 871,520
- Monthly over 25 years at 3.7%
- AED 8,914
Plus AED 96,520 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →