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1-bed · 1,046 sqftThe Residences 7 (T3), Downtown Dubai · 37th floor · completed 2007

3705, The Residences 7 (T3)

Sold prices and rental history: sold 3 times, last in October 2023, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3705 · DLD and Ejari recordsUpdated 13 October 2023
Last soldAED 1.85M13 October 2023
Current rentAED 115K /yr31 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3705, The Residences 7 (T3)

What is 3705 worth today?

Last sold for AED 1,850,000 in 2023

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13 Oct 2023SoldReady
AED 1,850,000AED 1,768 per sqft
31 Mar 2023RentedNew contract
AED 115,000/yr12 months · AED 110 per sqft
1 Jan 2022RentedRenewal
AED 78,750/yr12 months · AED 75 per sqft
1 Jan 2021RentedRenewal
AED 75,000/yr12 months · AED 72 per sqft
1 Jan 2020RentedNew contract
AED 87,000/yr12 months · AED 83 per sqft
18 Dec 2018RentedNew contract
AED 92,000/yr12 months · AED 88 per sqft
26 Mar 2018RentedRenewal
AED 115,000/yr12 months · AED 110 per sqft
26 Mar 2017RentedRenewal
AED 125,000/yr12 months · AED 120 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 13 October 2023.

Key facts

Type
1-bed apartment
Size
1,046 sqft
Floor
37th of 40
Parking
114
Developer
Emaar
Completed
2007
Service charge
AED 24,100 /yr
Last sold
AED 1.85M · October 2023
Building
The Residences 7 (T3)

About 3705, The Residences 7 (T3)

3705 is a one-bedroom apartment of 1,046 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 13 October 2023 for AED 1,850,000, or AED 1,768 per sqft, 4% above the AED 1,693 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, signed on 31 March 2023, is AED 115,000 a year: a gross yield of 6.2% on the 2023 price, before the service charge of about AED 24,100 a year.

Sales and rents for 3705 over time

Sales
Unit 3705, 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, August 2009: AED 1,104,888 (AED 1,056 per sqft)Sold, March 2013: AED 1,670,000 (AED 1,596 per sqft)Sold, October 2023: AED 1,850,000 (AED 1,768 per sqft)

3705 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3705, 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, June 2013: AED 95,000 a yearNew contract, June 2014: AED 125,000 a yearNew contract, March 2015: AED 125,000 a yearNew contract, March 2016: AED 125,000 a yearRenewal, March 2017: AED 125,000 a yearRenewal, March 2018: AED 115,000 a yearNew contract, December 2018: AED 92,000 a yearNew contract, January 2020: AED 87,000 a yearRenewal, January 2021: AED 75,000 a yearRenewal, January 2022: AED 78,750 a yearNew contract, March 2023: AED 115,000 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 3705 sits

All 80 1-beds →

3705 last sold in October 2023 at AED 1,768 per sqft, 4% above what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,693). 3705's AED 115,000 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 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
37041-bedAED 2.06M · Jul 2015

3705, The Residences 7 (T3) in numbers

  • Sold 3 times: first on 24 August 2009 for AED 1,104,888, last on 13 October 2023 for AED 1,850,000 (AED 1,768 per sqft).
  • Rented since June 2013 on 11 Ejari contracts. The rent fell from AED 95,000 to AED 75,000 in 2021 and recovered to AED 115,000 by March 2023.
  • At AED 115,000 a year the gross yield on the 2023 price is 6.2%, before a service charge of about AED 24,100 a year (AED 23.00 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 13 October 2023.

Questions about 3705, The Residences 7 (T3)

What did unit 3705 last sell for?

AED 1,850,000 on 13 October 2023: AED 1,768 per sqft for 1,046 sqft. The unit has 3 registered sales; the first was AED 1,104,888 in August 2009.

What is the rent for unit 3705?

AED 115,000 a year on the contract signed on 31 March 2023. The previous contract, from January 2022, was AED 78,750; the unit has been rented since June 2013.

How big is unit 3705?

1,046 sqft (97.2 sqm): a one-bedroom apartment on the 37th floor of a 40-storey tower completed in 2007.

What is unit 3705 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 3705, The Residences 7 (T3)

Starts from the last sale price (AED 1.85M, 13 October 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,850,000
Deposit, UAE resident (20%)
AED 370,000
Deposit, non-resident (40%)
AED 740,000
Monthly over 25 years at 3.7%
AED 7,569

Plus AED 82,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →