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2-bed · 1,452 sqftThe Residences 7 (T3), Downtown Dubai · 36th floor · completed 2007

3601, The Residences 7 (T3)

Sold prices and rental history: sold 3 times, last in April 2022, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3601 · DLD and Ejari recordsUpdated 20 April 2022
Last soldAED 3.1M20 April 2022
Current rentAED 150K /yr10 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3601, The Residences 7 (T3)

What is 3601 worth today?

Last sold for AED 3,100,000 in 2022

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20 Apr 2022SoldReady
AED 3,100,000AED 2,134 per sqft
10 Jan 2022RentedRenewal
AED 150,000/yr12 months · AED 103 per sqft
10 Jan 2021RentedRenewal
AED 123,000/yr12 months · AED 85 per sqft
10 Jan 2020RentedRenewal
AED 160,000/yr12 months · AED 110 per sqft
9 Aug 2009Sold by developerReady
AED 3,900,000AED 2,685 per sqft
9 Aug 2009SoldReady
AED 4,900,000AED 3,374 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 20 April 2022.

Key facts

Type
2-bed apartment
Size
1,452 sqft
Floor
36th of 40
Parking
263
Developer
Emaar
Completed
2007
Service charge
AED 33,400 /yr
Last sold
AED 3.1M · April 2022
Building
The Residences 7 (T3)

About 3601, The Residences 7 (T3)

3601 is a two-bedroom apartment of 1,452 sqft on the 36th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 20 April 2022 for AED 3,100,000, or AED 2,134 per sqft, 15% above the AED 1,856 two-beds in the building were fetching at the time.

It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 10 January 2022, is AED 150,000 a year: a gross yield of 4.8% on the 2022 price, before the service charge of about AED 33,400 a year.

Sales and rents for 3601 over time

Sales
Unit 3601, each saleTypical two-bed in The Residences 7 (T3)
2M4M2008201320182023Typical sale price by year: 2008 AED 2,521,844; 2009 AED 2,124,212; 2010 AED 2,443,888; 2011 AED 2,280,444; 2012 AED 2,965,000; 2013 AED 3,900,000; 2014 AED 4,900,000; 2015 AED 4,800,000; 2017 AED 3,900,000; 2021 AED 2,475,000; 2022 AED 3,175,000; 2023 AED 2,850,000; 2024 AED 3,732,500; 2025 AED 4,050,000Sold by developer, August 2009: AED 3,900,000 (AED 2,685 per sqft)Sold, August 2009: AED 4,900,000 (AED 3,374 per sqft)Sold, April 2022: AED 3,100,000 (AED 2,134 per sqft)

3601 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3601, each contractTypical two-bed in The Residences 7 (T3)
150K200K2012201620202024Typical rent by year: 2012 AED 161,000; 2013 AED 169,529; 2014 AED 195,000; 2015 AED 192,500; 2016 AED 190,000; 2017 AED 180,000; 2018 AED 160,000; 2019 AED 145,000; 2020 AED 130,000; 2021 AED 125,004; 2022 AED 136,245; 2023 AED 180,000; 2024 AED 180,000; 2025 AED 200,000; 2026 AED 215,000Renewal, January 2020: AED 160,000 a yearRenewal, January 2021: AED 123,000 a yearRenewal, January 2022: AED 150,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in The Residences 7 (T3), and where 3601 sits

All 70 2-beds →

3601 last sold in April 2022 at AED 2,134 per sqft, 15% above what two-beds in The Residences 7 (T3) were fetching at the time (AED 1,856). Over the last 12 months two-beds sold for AED 2,562,500 to 5,125,000, around AED 3,106 per sqft, and rent for AED 70,000 to 290,000 a year. 3601's AED 150,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Dec 20252,562,500
24 Dec 20252,562,500
10 Dec 20255,125,000
31 Jul 20254,050,000
3 2-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 36th floor

All 189 units in The Residences 7 (T3)
Value
36023-bedAED 4.01M · May 2011
36032-bedAED 2.49M · Mar 2011
36041-bedAED 1.76M · Apr 2015
36051-bedAED 1.05M · Aug 2010

3601, The Residences 7 (T3) in numbers

  • Sold 3 times: first on 9 August 2009 for AED 4,900,000, last on 20 April 2022 for AED 3,100,000 (AED 2,134 per sqft).
  • Rented since January 2020 on 3 Ejari contracts. The rent fell from AED 160,000 to AED 123,000 in 2021 and recovered to AED 150,000 by January 2022.
  • At AED 150,000 a year the gross yield on the 2022 price is 4.8%, before a service charge of about AED 33,400 a year (AED 23.00 per sqft).
  • Two-beds in The Residences 7 (T3) sold for AED 2,562,500–5,125,000 in the 12 months to November 2026; the building's median across all types is AED 3,106 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 20 April 2022.

Questions about 3601, The Residences 7 (T3)

What did unit 3601 last sell for?

AED 3,100,000 on 20 April 2022: AED 2,134 per sqft for 1,452 sqft. The unit has 3 registered sales; the first was AED 4,900,000 in August 2009.

What is the rent for unit 3601?

AED 150,000 a year on the contract renewed on 10 January 2022. The previous contract, from January 2021, was AED 123,000; the unit has been rented since January 2020.

How big is unit 3601?

1,452 sqft (134.9 sqm): a two-bedroom apartment on the 36th floor of a 40-storey tower completed in 2007.

What is unit 3601 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in The Residences 7 (T3) sold for AED 2,562,500 to 5,125,000 in the last 12 months, around AED 3,106 per sqft.

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Mortgage on 3601, The Residences 7 (T3)

Starts from the last sale price (AED 3.1M, 20 April 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,100,000
Deposit, UAE resident (20%)
AED 620,000
Deposit, non-resident (40%)
AED 1,240,000
Monthly over 25 years at 3.7%
AED 12,683

Plus AED 135,210 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →