Unit 407, Concept 7 Residences: what it sold for and what it is worth now

Unit 407 at Concept 7 Residences is a 1 bed of 716 sq ft. It last sold for AED 1,169,026 on 8 Feb 2024. At AED 1,578 per sq ft, from 3 sales of units ending 07 (same position in the tower), it is worth about AED 1,130,000 today.

Value todayAED 1,130,000AED 1,050,000 to AED 1,165,000
Last saleAED 1,169,0268 Feb 2024 · Off-plan
Change since last sale-3.3% 
Rent (median asking, 1 bed)AED 75,000Gross yield 6.6%
Bedrooms1 bed
Size716 sq ft
Floor4 (from the unit number)
Position in the towerStack 07: units ending 07 share the same layout and view
BuildingConcept 7 Residences by Condor Group, handed over 2024
Registered sales of this unit1

Every registered sale of unit 407

DatePriceSizeAED/sq ftType
8 Feb 2024AED 1,169,026716 sq ft1,633Off-plan

Units ending 07 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
1073 Jul 2025AED 990,000731 sq ft1,354Resale
20719 Jun 2025AED 1,130,000716 sq ft1,578Resale
30729 May 2025AED 1,200,000716 sq ft1,676Resale
20730 Apr 2024AED 865,000716 sq ft1,208Off-plan
100712 Mar 2024AED 1,014,550748 sq ft1,356Off-plan
50711 Mar 2024AED 1,100,000716 sq ft1,536Off-plan
8077 Mar 2024AED 1,040,714716 sq ft1,454Off-plan
70729 Feb 2024AED 1,221,754716 sq ft1,706Off-plan

Latest 1 bed sales in Concept 7 Residences

UnitDatePriceSizeAED/sq ftType
80417 Aug 2026AED 1,246,420691 sq ft1,804Resale
50331 Jul 2026AED 970,424691 sq ft1,404Resale
70915 Jul 2026AED 930,000723 sq ft1,286Resale
2102 Jul 2026AED 930,000731 sq ft1,272Resale
41411 Jun 2026AED 1,170,000688 sq ft1,701Resale
21429 Apr 2026AED 1,136,000688 sq ft1,651Resale
3049 Mar 2026AED 1,100,000691 sq ft1,592Resale
40922 Jan 2026AED 980,000723 sq ft1,355Resale

How we worked out the value

We took the 3 resale sales of units ending 07 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,578). We multiplied it by the size of this unit (716 sq ft). The range uses the middle half of those sales (AED 1,466 to AED 1,627 per sq ft). Floor, view, condition and upgrades can move the price either way. Sales data to 17 Aug 2026, from the Dubai Land Department register.

Questions

What is unit 407 at Concept 7 Residences worth?

About AED 1,130,000 (range AED 1,050,000 to AED 1,165,000), based on AED 1,578 per sq ft from registered sales up to 17 Aug 2026.

When did unit 407 last sell?

8 Feb 2024, for AED 1,169,026 (off-plan). It has 1 registered sale.

What rent can unit 407 make?

A 1 bed in Concept 7 Residences rents for about AED 75,000 a year (median asking rent). That is a gross yield of 6.6% on the estimate.

Sales alert for Concept 7 ResidencesAll sales in Concept 7 Residences

Unit 406 · Unit 408