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2-bed · 1,381 sqftMon Reve (Credo Tower), Downtown Dubai · 12th floor · completed 2015

1202, Mon Reve (Credo Tower)

Sold prices and rental history: sold once, by the developer in April 2018, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1202 · DLD and Ejari recordsUpdated 7 October 2020
Last soldAED 2.11M15 April 2018
Current rentAED 90K /yr7 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1202, Mon Reve (Credo Tower)

What is 1202 worth today?

Last sold for AED 2,110,611 in 2018

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7 Oct 2020RentedRenewal
AED 90,000/yr12 months · AED 65 per sqft
7 Oct 2019RentedNew contract
AED 100,000/yr12 months · AED 73 per sqft
5 Aug 2018RentedNew contract
AED 105,000/yr12 months · AED 76 per sqft
15 Apr 2018Sold by developerReady
AED 2,110,611AED 1,528 per sqft

Source: Dubai Land Department. Updated 7 October 2020.

Key facts

Type
2-bed apartment
Size
1,381 sqft
Floor
12th of 15
Parking
G-27
Developer
Credo Investments
Completed
2015
Service charge
AED 36,000 /yr
Last sold
AED 2.11M · April 2018
Building
Mon Reve (Credo Tower)

About 1202, Mon Reve (Credo Tower)

1202 is a two-bedroom apartment of 1,381 sqft on the 12th floor of Mon Reve (Credo Tower), a 15-storey tower in Downtown Dubai completed in 2015 by Credo Investments. The developer sold it on 15 April 2018 for AED 2,110,611, or AED 1,528 per sqft, in line with the AED 1,565 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 7 October 2020, is AED 90,000 a year: a gross yield of 4.3% on the 2018 price, before the service charge of about AED 36,000 a year.

Sales and rents for 1202 over time

Sales
Unit 1202, each saleTypical two-bed in Mon Reve (Credo Tower)
2M3M20152018202120242027Typical sale price by year: 2015 AED 2,312,168; 2018 AED 2,166,154; 2021 AED 2,167,658; 2022 AED 2,087,500; 2023 AED 2,200,000; 2025 AED 2,293,328; 2026 AED 3,655,470Sold by developer, April 2018: AED 2,110,611 (AED 1,528 per sqft)

1202 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1202, each contractTypical two-bed in Mon Reve (Credo Tower)
100K150K2018202120242027Typical rent by year: 2018 AED 105,000; 2019 AED 100,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 117,865; 2023 AED 146,000; 2024 AED 162,000; 2025 AED 160,000; 2026 AED 150,000New contract, August 2018: AED 105,000 a yearNew contract, October 2019: AED 100,000 a yearRenewal, October 2020: AED 90,000 a year

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

2-beds in Mon Reve (Credo Tower), and where 1202 sits

All 51 2-beds →

1202 last sold in April 2018 at AED 1,528 per sqft, in line with what two-beds in Mon Reve (Credo Tower) were fetching at the time (AED 1,565). Over the last 12 months two-beds sold for AED 2,200,000 to 3,740,048, around AED 1,771 per sqft, and rent for AED 130,000 to 205,000 a year. 1202's AED 90,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
25 Mar 20263,655,470
24 Mar 20263,740,048
6 Feb 20262,800,000
30 Dec 20252,200,000
4 2-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 12th floor

All 86 units in Mon Reve (Credo Tower)
Value
12012-bedAED 2.11M · Apr 2018
12033-bedAED 2.9M · Oct 2018
12043-bedAED 3.26M · Jan 2019
12053-bedAED 2.89M · Jan 2019
12062-bedAED 1.84M · Apr 2018
12072-bedAED 2.22M · Apr 2018

1202, Mon Reve (Credo Tower) in numbers

  • Sold once: by Credo Investments on 15 April 2018 for AED 2,110,611, or AED 1,528 per sqft.
  • Rented since August 2018 on 3 Ejari contracts, from AED 105,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2018 price is 4.3%, before a service charge of about AED 36,000 a year (AED 26.09 per sqft).
  • Two-beds in Mon Reve (Credo Tower) sold for AED 2,200,000–3,740,048 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 7 October 2020.

Questions about 1202, Mon Reve (Credo Tower)

What did unit 1202 last sell for?

AED 2,110,611 on 15 April 2018, sold by the developer: AED 1,528 per sqft for 1,381 sqft. It is the only registered sale of the unit.

What is the rent for unit 1202?

AED 90,000 a year on the contract renewed on 7 October 2020. The previous contract, from October 2019, was AED 100,000; the unit has been rented since August 2018.

How big is unit 1202?

1,381 sqft (128.3 sqm): a two-bedroom apartment on the 12th floor of a 15-storey tower completed in 2015.

What is unit 1202 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mon Reve (Credo Tower) sold for AED 2,200,000 to 3,740,048 in the last 12 months, around AED 1,771 per sqft.

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Mortgage on 1202, Mon Reve (Credo Tower)

Starts from the last sale price (AED 2.11M, 15 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,110,611
Deposit, UAE resident (20%)
AED 422,122
Deposit, non-resident (40%)
AED 844,244
Monthly over 25 years at 3.7%
AED 8,635

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