704, The Residences 7 (T3)
Sold prices and rental history: sold twice, last in March 2019, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, The Residences 7 (T3)
What is 704 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 20 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 778 sqft
- Floor
- 7th of 40
- Parking
- 290
- Developer
- Emaar
- Completed
- 2007
- Service charge
- AED 17,900 /yr
- Last sold
- AED 1.02M · March 2019
- Building
- The Residences 7 (T3)
About 704, The Residences 7 (T3)
704 is a one-bedroom apartment of 778 sqft on the 7th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 26 March 2019 for AED 1,020,000, or AED 1,311 per sqft, in line with the AED 1,311 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, renewed on 20 March 2025, is AED 95,000 a year: a gross yield of 9.3% on the 2019 price, before the service charge of about AED 17,900 a year.
Sales and rents for 704 over time
704 has sold twice; the dashed line is the one-bed median of each year in the building.
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 704 sits
All 80 1-beds →704 last sold in March 2019 at AED 1,311 per sqft, in line with what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,311). 704's AED 95,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 25 Jul 202525 July 2025 | 915 sqft | 2,180,000 | 2,382 | ||
| 29 May 202529 May 2025 | 1,046 sqft | 2,250,000 | 2,150 | ||
| 15 Jan 202515 January 2025 | 915 sqft | 2,030,000 | 2,218 | ||
| 13 Jan 202513 January 2025 | 1,046 sqft | 1,800,000 | 1,720 |
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 7th floor
All 189 units in The Residences 7 (T3)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,452 sqft | AED 4MAED 4,000,000 · Sep 2014September 2014 | 149,198 /yr | |
| 702 | 3-bed | 2,082 sqft | AED 2.75MAED 2,754,800 · Nov 2008November 2008 | 300,000 /yr | |
| 703 | 2-bed | 1,650 sqft | AED 2.11MAED 2,106,800 · Jan 2011January 2011 | 220,000 /yr | |
| 705 | 1-bed | 1,046 sqft | AED 961KAED 960,888 · Sep 2010September 2010 | 120,000 /yr |
704, The Residences 7 (T3) in numbers
- Sold twice: first on 31 August 2010 for AED 1,008,800, last on 26 March 2019 for AED 1,020,000 (AED 1,311 per sqft).
- Rented since October 2015 on 6 Ejari contracts. The rent fell from AED 120,000 to AED 65,000 in 2021 and recovered to AED 95,000 by March 2025.
- At AED 95,000 a year the gross yield on the 2019 price is 9.3%, before a service charge of about AED 17,900 a year (AED 23.00 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 20 March 2025.
Questions about 704, The Residences 7 (T3)
What did unit 704 last sell for?
AED 1,020,000 on 26 March 2019: AED 1,311 per sqft for 778 sqft. The unit has 2 registered sales; the first was AED 1,008,800 in August 2010.
What is the rent for unit 704?
AED 95,000 a year on the contract renewed on 20 March 2025. The previous contract, from March 2024, was AED 95,000; the unit has been rented since October 2015.
How big is unit 704?
778 sqft (72.3 sqm): a one-bedroom apartment on the 7th floor of a 40-storey tower completed in 2007.
What is unit 704 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 704, The Residences 7 (T3)
Starts from the last sale price (AED 1.02M, 26 March 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 1,020,000
- Deposit, UAE resident (20%)
- AED 204,000
- Deposit, non-resident (40%)
- AED 408,000
- Monthly over 25 years at 3.7%
- AED 4,173
Plus AED 47,850 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →