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1-bed · 1,011 sqftThe Residences 7 (T3), Downtown Dubai · -2th floor · completed 2007

B203, The Residences 7 (T3)

Sold prices and rental history: sold 3 times, last in January 2020, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit B203 · DLD and Ejari recordsUpdated 22 January 2020
Last soldAED 1.12M22 January 2020
Current rentAED 95K /yr27 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for B203, The Residences 7 (T3)

What is B203 worth today?

Last sold for AED 1,120,000 in 2020

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22 Jan 2020SoldReady
AED 1,120,000AED 1,107 per sqft
27 Aug 2018RentedRenewal
AED 95,000/yr12 months · AED 94 per sqft
27 Aug 2017RentedNew contract
AED 100,000/yr12 months · AED 99 per sqft
15 Dec 2014RentedNew contract
AED 122,500/yr12 months · AED 121 per sqft
21 May 2012SoldReady
AED 1,450,000AED 1,434 per sqft
23 Jan 2011Sold by developerReady
AED 926,888AED 916 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 January 2020.

Key facts

Type
1-bed apartment
Size
1,011 sqft
Floor
-2th of 40
Parking
592
Developer
Emaar
Completed
2007
Service charge
AED 23,300 /yr
Last sold
AED 1.12M · January 2020
Building
The Residences 7 (T3)

About B203, The Residences 7 (T3)

B203 is a one-bedroom apartment of 1,011 sqft on the -2th floor of The Residences 7 (T3), a 40-storey tower in Downtown Dubai completed in 2007 by Emaar. It last sold on 22 January 2020 for AED 1,120,000, or AED 1,107 per sqft, 19% below the AED 1,366 one-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 27 August 2018, is AED 95,000 a year: a gross yield of 8.5% on the 2020 price, before the service charge of about AED 23,300 a year.

Sales and rents for B203 over time

Sales
Unit B203, 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, January 2011: AED 926,888 (AED 916 per sqft)Sold, May 2012: AED 1,450,000 (AED 1,434 per sqft)Sold, January 2020: AED 1,120,000 (AED 1,107 per sqft)

B203 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit B203, 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, December 2014: AED 122,500 a yearNew contract, August 2017: AED 100,000 a yearRenewal, August 2018: AED 95,000 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 B203 sits

All 80 1-beds →

B203 last sold in January 2020 at AED 1,107 per sqft, 19% below what one-beds in The Residences 7 (T3) were fetching at the time (AED 1,366). B203's AED 95,000 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 →

Other units on the -2th floor

All 189 units in The Residences 7 (T3)
Value
B2021-bedAED 1.4M · Nov 2011

B203, The Residences 7 (T3) in numbers

  • Sold 3 times: first on 23 January 2011 for AED 926,888, last on 22 January 2020 for AED 1,120,000 (AED 1,107 per sqft).
  • Rented since December 2014 on 3 Ejari contracts, from AED 122,500 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2020 price is 8.5%, before a service charge of about AED 23,300 a year (AED 23.00 per sqft).

Source: YallaValue analysis of Dubai Land Department records. Updated 22 January 2020.

Questions about B203, The Residences 7 (T3)

What did unit B203 last sell for?

AED 1,120,000 on 22 January 2020: AED 1,107 per sqft for 1,011 sqft. The unit has 3 registered sales; the first was AED 926,888 in January 2011.

What is the rent for unit B203?

AED 95,000 a year on the contract renewed on 27 August 2018. The previous contract, from August 2017, was AED 100,000; the unit has been rented since December 2014.

How big is unit B203?

1,011 sqft (93.9 sqm): a one-bedroom apartment on the -2th floor of a 40-storey tower completed in 2007.

What is unit B203 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 B203, The Residences 7 (T3)

Starts from the last sale price (AED 1.12M, 22 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,120,000
Deposit, UAE resident (20%)
AED 224,000
Deposit, non-resident (40%)
AED 448,000
Monthly over 25 years at 3.7%
AED 4,582

Plus AED 52,050 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →