3-bed · 2,100 sqftMon Reve (Credo Tower), Downtown Dubai · 11th floor · completed 2015

1104, Mon Reve (Credo Tower)

Sold prices and rental history: sold twice, last in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1104 · DLD and Ejari recordsUpdated 16 October 2024
Last soldAED 3.8M8 May 2024
Current rentAED 90K /yr16 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1104, Mon Reve (Credo Tower)

What is 1104 worth today?

Last sold for AED 3,800,000 in 2024

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16 Oct 2024RentedNew contract
AED 90,000/yr12 months · AED 43 per sqft
8 May 2024SoldReady
AED 3,800,000AED 1,809 per sqft
25 Mar 2024Sold by developerReady
AED 3,255,901AED 1,550 per sqft
1 Sep 2022RentedRenewal
AED 165,000/yr12 months · AED 79 per sqft
20 Aug 2021RentedNew contract
AED 160,000/yr12 months · AED 76 per sqft

Source: Dubai Land Department. Updated 16 October 2024.

Key facts

Type
3-bed apartment
Size
2,100 sqft
Floor
11th of 15
Parking
G-39, G-40
Developer
Credo Investments
Completed
2015
Service charge
AED 54,800 /yr
Last sold
AED 3.8M · May 2024

About 1104, Mon Reve (Credo Tower)

1104 is a three-bedroom apartment of 2,100 sqft on the 11th floor of Mon Reve (Credo Tower), a 15-storey tower in Downtown Dubai completed in 2015 by Credo Investments. It last sold on 8 May 2024 for AED 3,800,000, or AED 1,809 per sqft, 16% above the AED 1,555 three-beds in the building were fetching at the time.

It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 16 October 2024, is AED 90,000 a year: a gross yield of 2.4% on the 2024 price, before the service charge of about AED 54,800 a year.

Sales and rents for 1104 over time

Sales
Unit 1104, each saleTypical three-bed in Mon Reve (Credo Tower)
3M3.5M2018202020222024Typical sale price by year: 2018 AED 2,950,604; 2024 AED 3,255,901Sold by developer, March 2024: AED 3,255,901 (AED 1,550 per sqft)Sold, May 2024: AED 3,800,000 (AED 1,809 per sqft)

1104 has sold twice; the dashed line is the three-bed median of each year in the building.

Rents
Unit 1104, each contractTypical three-bed in Mon Reve (Credo Tower)
100K200K20192021202320252027Typical rent by year: 2019 AED 125,000; 2021 AED 130,000; 2022 AED 139,375; 2023 AED 156,000; 2024 AED 195,640; 2025 AED 219,410; 2026 AED 190,000New contract, August 2021: AED 160,000 a yearRenewal, September 2022: AED 165,000 a yearNew contract, October 2024: AED 90,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Mon Reve (Credo Tower), and where 1104 sits

All 15 3-beds →

1104 last sold in May 2024 at AED 1,809 per sqft, 16% above what three-beds in Mon Reve (Credo Tower) were fetching at the time (AED 1,555). Over the last 12 months three-beds sold for AED 2,600,000 to 2,659,932, around AED 1,247 per sqft, and rent for AED 178,000 to 210,000 a year. 1104's AED 90,000 is at the bottom of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
7 Apr 20262,659,932
30 Mar 20262,600,000
30 May 20252,627,508
26 Mar 20242,887,772
2 3-bed sales in the last 12 months

Mon Reve (Credo Tower)

Building

86 apartments, 1-bed to 4-bed over 15 floors in Downtown Dubai, completed in 2015 by Credo Investments. 6 sold in the last 12 months.

Typical price per sqft
AED 1,750
Typical sale
AED 2.73M
Typical rent
AED 150K /yr
Typical yield
5.9%
Mon Reve (Credo Tower), Downtown Dubai: prices, sales and rents →

Other units on the 11th floor

All 86 units in Mon Reve (Credo Tower)
Value
11012-bedAED 2.2M · May 2023
11022-bedAED 2.2M · Jun 2023
11033-bedAED 2.6M · Mar 2026
11053-bedAED 2.89M · Mar 2024
11062-bedAED 2.35M · Feb 2025
11072-bedAED 2.3M · Dec 2023

1104, Mon Reve (Credo Tower) in numbers

  • Sold twice: first on 25 March 2024 for AED 3,255,901, last on 8 May 2024 for AED 3,800,000 (AED 1,809 per sqft).
  • Rented since August 2021 on 3 Ejari contracts, from AED 160,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2024 price is 2.4%, before a service charge of about AED 54,800 a year (AED 26.09 per sqft).
  • Three-beds in Mon Reve (Credo Tower) sold for AED 2,600,000–2,659,932 in the 12 months to November 2026; the building's median across all types is AED 1,750 per sqft.

Source: Dubai Land Department. Updated 16 October 2024.

Questions about 1104, Mon Reve (Credo Tower)

What did unit 1104 last sell for?

AED 3,800,000 on 8 May 2024: AED 1,809 per sqft for 2,100 sqft. The unit has 2 registered sales; the first was AED 3,255,901 in March 2024.

What is the rent for unit 1104?

AED 90,000 a year on the contract signed on 16 October 2024. The previous contract, from September 2022, was AED 165,000; the unit has been rented since August 2021.

How big is unit 1104?

2,100 sqft (195.1 sqm): a three-bedroom apartment on the 11th floor of a 15-storey tower completed in 2015.

What is unit 1104 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Mon Reve (Credo Tower) sold for AED 2,600,000 to 2,659,932 in the last 12 months, around AED 1,247 per sqft.

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Mortgage on 1104, Mon Reve (Credo Tower)

Starts from the last sale price (AED 3.8M, 8 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 3,800,000
Deposit, UAE resident (20%)
AED 760,000
Deposit, non-resident (40%)
AED 1,520,000
Monthly over 25 years at 3.7%
AED 15,547

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →