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1-bed · 523 sqftThe Residences 7 (T3), Downtown Dubai · 23rd floor · completed 2007

2305, The Residences 7 (T3)

Sold prices and rental history: sold once, by the developer in October 2008, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2305 · DLD and Ejari recordsUpdated 30 April 2024
Last soldAED 1.01M30 October 2008
Current rentAED 120K /yr30 April 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2305, The Residences 7 (T3)

What is 2305 worth today?

Last sold for AED 1,008,800 in 2008

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30 Apr 2024RentedRenewal
AED 120,000/yr12 months · AED 115 per sqft
30 Apr 2022RentedRenewal
AED 96,000/yr12 months · AED 92 per sqft
2 May 2020RentedRenewal
AED 90,503/yr12 months · AED 87 per sqft
2 May 2019RentedNew contract
AED 97,850/yr12 months · AED 94 per sqft
30 Oct 2008Sold by developerReady
AED 1,008,800AED 964 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 30 April 2024.

Key facts

Type
1-bed apartment
Size
523 sqft
Floor
23rd of 40
Parking
275
Developer
Emaar
Completed
2007
Service charge
AED 12,000 /yr
Last sold
AED 1.01M · October 2008
Building
The Residences 7 (T3)

About 2305, The Residences 7 (T3)

2305 is a one-bedroom apartment of 523 sqft on the 23rd floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 30 October 2008 for AED 1,008,800, or AED 964 per sqft, 12% below the AED 1,096 one-beds in the building were fetching at the time.

It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 30 April 2024, is AED 120,000 a year: a gross yield of 11.9% on the 2008 price, before the service charge of about AED 12,000 a year.

Sales and rents for 2305 over time

Sales
Unit 2305, each saleTypical one-bed in The Residences 7 (T3)
1M2M2008201320182023Typical sale price by year: 2008 AED 1,026,800; 2009 AED 1,099,400; 2010 AED 1,058,800; 2011 AED 997,800; 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 1,525,000; 2023 AED 1,750,000; 2024 AED 1,900,000; 2025 AED 2,180,000Sold by developer, October 2008: AED 1,008,800 (AED 964 per sqft)

2305 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2305, each contractTypical one-bed in The Residences 7 (T3)
75K100K125K2012201620202024Typical rent by year: 2012 AED 81,500; 2013 AED 100,000; 2014 AED 110,000; 2015 AED 120,000; 2016 AED 120,000; 2017 AED 115,000; 2018 AED 109,000; 2019 AED 90,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 90,000; 2023 AED 99,875; 2024 AED 120,000; 2025 AED 125,000; 2026 AED 125,000New contract, May 2019: AED 97,850 a yearRenewal, May 2020: AED 90,503 a yearRenewal, April 2022: AED 96,000 a yearRenewal, April 2024: AED 120,000 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 2305 sits

All 80 1-beds →

2305 last sold in October 2008 at AED 964 per sqft, 12% below what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,096). 2305's AED 120,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
25 Jul 20252,180,000
29 May 20252,250,000
15 Jan 20252,030,000
13 Jan 20251,800,000
0 1-bed sales 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. 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%
The Residences 7 (T3), Downtown Dubai: prices, sales and rents →

Other units on the 23rd floor

All 189 units in The Residences 7 (T3)
Value
23012-bedAED 2.72M · Sep 2009
23023-bedAED 2.86M · Nov 2009
23032-bedAED 2.19M · Nov 2009
23041-bedAED 1.48M · Mar 2022

2305, The Residences 7 (T3) in numbers

  • Sold once: by Emaar on 30 October 2008 for AED 1,008,800, or AED 964 per sqft.
  • Rented since May 2019 on 4 Ejari contracts, from AED 97,850 to AED 120,000 a year.
  • At AED 120,000 a year the gross yield on the 2008 price is 11.9%, before a service charge of about AED 12,000 a year (AED 23.00 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 30 April 2024.

Questions about 2305, The Residences 7 (T3)

What did unit 2305 last sell for?

AED 1,008,800 on 30 October 2008, sold by the developer: AED 964 per sqft for 523 sqft. It is the only registered sale of the unit.

What is the rent for unit 2305?

AED 120,000 a year on the contract renewed on 30 April 2024. The previous contract, from April 2022, was AED 96,000; the unit has been rented since May 2019.

How big is unit 2305?

523 sqft (48.6 sqm): a one-bedroom apartment on the 23rd floor of a 40-storey tower completed in 2007.

What is unit 2305 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 2305, The Residences 7 (T3)

Starts from the last sale price (AED 1.01M, 30 October 2008). Switch to today's estimate once you have unlocked it.
Price
AED 1,008,800
Deposit, UAE resident (20%)
AED 201,760
Deposit, non-resident (40%)
AED 403,520
Monthly over 25 years at 3.7%
AED 4,127

Plus AED 47,380 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →