501, The Residences 7 (T3)
Sold prices and rental history: sold once, by the developer in August 2010, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 501, The Residences 7 (T3)
What is 501 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 August 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,452 sqft
- Floor
- 5th of 40
- Parking
- 69
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 33,400 /yr
- Last sold
- AED 1.7M · August 2010
- Building
- The Residences 7 (T3)
About 501, The Residences 7 (T3)
501 is a two-bedroom apartment of 1,452 sqft on the 5th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. The developer sold it on 30 August 2010 for AED 1,704,888, or AED 1,174 per sqft, 18% below the AED 1,430 two-beds in the building were fetching at the time.
It has been rented continuously since 2014 on 11 Ejari contracts. The current contract, renewed on 1 August 2025, is AED 150,000 a year: a gross yield of 8.8% on the 2010 price, before the service charge of about AED 33,400 a year.
Sales and rents for 501 over time
501 has sold once; the dashed line is the two-bed median of each year in the building.
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 501 sits
All 70 2-beds →501 last sold in August 2010 at AED 1,174 per sqft, 18% below what two-beds in The Residences 7 (T3) were fetching at the time (AED 1,430). 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. 501's AED 150,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Dec 202525 December 2025 | 825 sqft | 2,562,500 | 3,106 | ||
| 24 Dec 202524 December 2025 | 825 sqft | 2,562,500 | 3,105 | ||
| 10 Dec 202510 December 2025 | 1,650 sqft | 5,125,000 | 3,106 | ||
| 31 Jul 202531 July 2025 | 1,452 sqft | 4,050,000 | 2,789 |
The Residences 7 (T3)
Building189 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%
Other units on the 5th floor
All 189 units in The Residences 7 (T3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 502 | 3-bed | 2,082 sqft | AED 6.2MAED 6,200,000 · Mar 2024March 2024 | 280,000 /yr | |
| 503 | 2-bed | 1,650 sqft | AED 1.06MAED 1,056,900 · Jan 2009January 2009 | 250,000 /yr | |
| 504 | 1-bed | 915 sqft | AED 650KAED 650,000 · Nov 2018November 2018 | 120,000 /yr | |
| 505 | 1-bed | 1,046 sqft | AED 955KAED 954,800 · Feb 2009February 2009 | 120,000 /yr |
501, The Residences 7 (T3) in numbers
- Sold once: by Emaar on 30 August 2010 for AED 1,704,888, or AED 1,174 per sqft.
- Rented since October 2014 on 11 Ejari contracts. The rent fell from AED 195,000 to AED 120,000 in 2020 and recovered to AED 150,000 by August 2025.
- At AED 150,000 a year the gross yield on the 2010 price is 8.8%, 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 1 August 2025.
Questions about 501, The Residences 7 (T3)
What did unit 501 last sell for?
AED 1,704,888 on 30 August 2010, sold by the developer: AED 1,174 per sqft for 1,452 sqft. It is the only registered sale of the unit.
What is the rent for unit 501?
AED 150,000 a year on the contract renewed on 1 August 2025. The previous contract, from August 2025, was AED 167,750; the unit has been rented since October 2014.
How big is unit 501?
1,452 sqft (134.9 sqm): a two-bedroom apartment on the 5th floor of a 40-storey tower completed in 2007.
What is unit 501 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 501, The Residences 7 (T3)
Starts from the last sale price (AED 1.7M, 30 August 2010). Switch to today's estimate once you have unlocked it.- Price
- AED 1,704,888
- Deposit, UAE resident (20%)
- AED 340,978
- Deposit, non-resident (40%)
- AED 681,955
- Monthly over 25 years at 3.7%
- AED 6,975
Plus AED 76,616 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →