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1-bed · 1,061 sqftThe Residences 7 (T3), Downtown Dubai · completed 2007

A302, The Residences 7 (T3)

Sold prices and rental history: sold twice, last in February 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit A302 · DLD and Ejari recordsUpdated 19 May 2019
Last soldAED 2.3M1 February 2017
Current rentAED 94K /yr19 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for A302, The Residences 7 (T3)

What is A302 worth today?

Last sold for AED 2,300,000 in 2017

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19 May 2019RentedNew contract
AED 94,000/yr12 months · AED 88 per sqft
22 Jan 2019RentedRenewal
AED 115,000/yr12 months · AED 108 per sqft
23 Jan 2018RentedNew contract
AED 115,000/yr12 months · AED 108 per sqft
5 Feb 2017RentedNew contract
AED 130,000/yr12 months · AED 122 per sqft
1 Feb 2017SoldReady
AED 2,300,000AED 2,167 per sqft
15 Jan 2016RentedRenewal
AED 130,000/yr12 months · AED 122 per sqft
15 Jan 2015RentedNew contract
AED 130,000/yr12 months · AED 122 per sqft
1 Nov 2013RentedNew contract
AED 125,000/yr12 months · AED 117 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 19 May 2019.

Key facts

Type
1-bed apartment
Size
1,061 sqft
Parking
577
Developer
Emaar
Completed
2007
Service charge
AED 24,400 /yr
Last sold
AED 2.3M · February 2017
Building
The Residences 7 (T3)

About A302, The Residences 7 (T3)

A302 is a one-bedroom apartment of 1,061 sqft of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 1 February 2017 for AED 2,300,000, or AED 2,167 per sqft, 24% above the AED 1,754 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 19 May 2019, is AED 94,000 a year: a gross yield of 4.1% on the 2017 price, before the service charge of about AED 24,400 a year.

Sales and rents for A302 over time

Sales
Unit A302, 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, April 2010: AED 1,304,888 (AED 1,229 per sqft)Sold, February 2017: AED 2,300,000 (AED 2,167 per sqft)

A302 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit A302, 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, November 2013: AED 125,000 a yearNew contract, January 2015: AED 130,000 a yearRenewal, January 2016: AED 130,000 a yearNew contract, February 2017: AED 130,000 a yearNew contract, January 2018: AED 115,000 a yearRenewal, January 2019: AED 115,000 a yearNew contract, May 2019: AED 94,000 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 A302 sits

All 80 1-beds →

A302 last sold in February 2017 at AED 2,167 per sqft, 24% above what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,754). A302's AED 94,000 is at the bottom 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 →

A302, The Residences 7 (T3) in numbers

  • Sold twice: first on 14 April 2010 for AED 1,304,888, last on 1 February 2017 for AED 2,300,000 (AED 2,167 per sqft).
  • Rented since November 2013 on 7 Ejari contracts, from AED 125,000 to AED 94,000 a year.
  • At AED 94,000 a year the gross yield on the 2017 price is 4.1%, before a service charge of about AED 24,400 a year (AED 23.00 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 19 May 2019.

Questions about A302, The Residences 7 (T3)

What did unit A302 last sell for?

AED 2,300,000 on 1 February 2017: AED 2,167 per sqft for 1,061 sqft. The unit has 2 registered sales; the first was AED 1,304,888 in April 2010.

What is the rent for unit A302?

AED 94,000 a year on the contract signed on 19 May 2019. The previous contract, from January 2019, was AED 115,000; the unit has been rented since November 2013.

How big is unit A302?

1,061 sqft (98.6 sqm): a one-bedroom apartment of a 40-storey tower completed in 2007.

What is unit A302 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 A302, The Residences 7 (T3)

Starts from the last sale price (AED 2.3M, 1 February 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,300,000
Deposit, UAE resident (20%)
AED 460,000
Deposit, non-resident (40%)
AED 920,000
Monthly over 25 years at 3.7%
AED 9,410

Plus AED 101,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →