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1-bed · 1,657 sqftThe Residences 7 (T3), Downtown Dubai · 3rd floor · completed 2007

304, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in June 2021, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 304 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 1.43M20 June 2021
Current rentAED 90K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 304, The Residences 7 (T3)

What is 304 worth today?

Last sold for AED 1,425,000 in 2021

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1 Jul 2024RentedRenewal
AED 90,000/yr12 months · AED 54 per sqft
1 Jul 2023RentedRenewal
AED 82,000/yr12 months · AED 49 per sqft
20 Jun 2021SoldReady
AED 1,425,000AED 859 per sqft
23 Apr 2012Sold by developerReady · flagged as an outlier
AED 641,944AED 387 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2024.

Key facts

Type
1-bed apartment
Size
1,657 sqft
Floor
3rd of 40
Parking
589
Developer
Emaar
Completed
2007
Service charge
AED 38,100 /yr
Last sold
AED 1.43M · June 2021
Building
The Residences 7 (T3)

About 304, The Residences 7 (T3)

304 is a one-bedroom apartment of 1,657 sqft on the 3rd floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 20 June 2021 for AED 1,425,000, or AED 859 per sqft, 18% below the AED 1,051 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 90,000 a year: a gross yield of 6.3% on the 2021 price, before the service charge of about AED 38,100 a year.

Sales and rents for 304 over time

Sales
Unit 304, 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, June 2021: AED 1,425,000 (AED 859 per sqft)

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

Rents
Unit 304, 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 125,000Renewal, July 2023: AED 82,000 a yearRenewal, July 2024: AED 90,000 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 304 sits

All 80 1-beds →

304 last sold in June 2021 at AED 859 per sqft, 18% below what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,051). 304's AED 90,000 is at the bottom 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 3rd floor

All 189 units in The Residences 7 (T3)
Value
3012-bedAED 4.05M · May 2025

304, The Residences 7 (T3) in numbers

  • Sold twice: first on 23 April 2012 for AED 641,944, last on 20 June 2021 for AED 1,425,000 (AED 859 per sqft).
  • Rented since July 2023 on 2 Ejari contracts, from AED 82,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2021 price is 6.3%, before a service charge of about AED 38,100 a year (AED 23.00 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 1 July 2024.

Questions about 304, The Residences 7 (T3)

What did unit 304 last sell for?

AED 1,425,000 on 20 June 2021: AED 859 per sqft for 1,657 sqft. The unit has 2 registered sales; the first was AED 641,944 in April 2012.

What is the rent for unit 304?

AED 90,000 a year on the contract renewed on 1 July 2024. The previous contract, from July 2023, was AED 82,000.

How big is unit 304?

1,657 sqft (153.9 sqm): a one-bedroom apartment on the 3rd floor of a 40-storey tower completed in 2007.

What is unit 304 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 304, The Residences 7 (T3)

Starts from the last sale price (AED 1.43M, 20 June 2021). Switch to today's estimate once you have unlocked it.
Price
AED 1,425,000
Deposit, UAE resident (20%)
AED 285,000
Deposit, non-resident (40%)
AED 570,000
Monthly over 25 years at 3.7%
AED 5,830

Plus AED 64,860 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →