1-bed · 915 sqftThe Residences 7 (T3), Downtown Dubai · 37th floor · completed 2007

3704, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in July 2015, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3704 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 2.06M27 July 2015
Current rentAED 125K /yr1 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3704, The Residences 7 (T3)

What is 3704 worth today?

Last sold for AED 2,060,000 in 2015

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1 Oct 2024RentedRenewal
AED 125,000/yr12 months · AED 137 per sqft
1 Oct 2023RentedNew contract
AED 125,000/yr12 months · AED 137 per sqft
27 Jul 2015SoldReady
AED 2,060,000AED 2,251 per sqft
29 Jun 2010Sold by developerReady
AED 608,944AED 665 per sqft

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

Key facts

Type
1-bed apartment
Size
915 sqft
Floor
37th of 40
Parking
102
Developer
Emaar
Completed
2007
Service charge
AED 21,000 /yr
Last sold
AED 2.06M · July 2015

About 3704, The Residences 7 (T3)

3704 is a one-bedroom apartment of 915 sqft on the 37th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 27 July 2015 for AED 2,060,000, or AED 2,251 per sqft, 6% above the AED 2,131 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 October 2024, is AED 125,000 a year: a gross yield of 6.1% on the 2015 price, before the service charge of about AED 21,000 a year.

Sales and rents for 3704 over time

Sales
Unit 3704, 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, June 2010: AED 608,944 (AED 665 per sqft)Sold, July 2015: AED 2,060,000 (AED 2,251 per sqft)

3704 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3704, 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, October 2023: AED 125,000 a yearRenewal, October 2024: AED 125,000 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 3704 sits

All 80 1-beds →

3704 last sold in July 2015 at AED 2,251 per sqft, 6% above what one-beds in The Residences 7 (T3) were fetching at the time (AED 2,131). 3704's AED 125,000 is in the upper 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 37th floor

All 189 units in The Residences 7 (T3)
Value
37012-bedAED 2.75M · May 2010
37023-bedAED 4.02M · Oct 2012
37032-bedAED 3.25M · Jan 2025
37051-bedAED 1.85M · Oct 2023

3704, The Residences 7 (T3) in numbers

  • Sold twice: first on 29 June 2010 for AED 608,944, last on 27 July 2015 for AED 2,060,000 (AED 2,251 per sqft).
  • Rented since October 2023 on 2 Ejari contracts, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2015 price is 6.1%, before a service charge of about AED 21,000 a year (AED 23.00 per sqft).

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

Questions about 3704, The Residences 7 (T3)

What did unit 3704 last sell for?

AED 2,060,000 on 27 July 2015: AED 2,251 per sqft for 915 sqft. The unit has 2 registered sales; the first was AED 608,944 in June 2010.

What is the rent for unit 3704?

AED 125,000 a year on the contract renewed on 1 October 2024. The previous contract, from October 2023, was AED 125,000.

How big is unit 3704?

915 sqft (85.0 sqm): a one-bedroom apartment on the 37th floor of a 40-storey tower completed in 2007.

What is unit 3704 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 3704, The Residences 7 (T3)

Starts from the last sale price (AED 2.06M, 27 July 2015). Switch to today's estimate once you have unlocked it.
Price
AED 2,060,000
Deposit, UAE resident (20%)
AED 412,000
Deposit, non-resident (40%)
AED 824,000
Monthly over 25 years at 3.7%
AED 8,428

Plus AED 91,530 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →