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2-bed · 1,379 sqftMon Reve (Credo Tower), Downtown Dubai · 13th floor · completed 2015

1302, 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 1302 · DLD and Ejari recordsUpdated 15 February 2021
Last soldAED 2.15M15 April 2018
Current rentAED 90K /yr15 February 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1302, Mon Reve (Credo Tower)

What is 1302 worth today?

Last sold for AED 2,152,268 in 2018

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15 Feb 2021RentedRenewal
AED 90,000/yr12 months · AED 65 per sqft
15 Feb 2020RentedNew contract
AED 92,000/yr12 months · AED 67 per sqft
1 Aug 2018RentedNew contract
AED 115,000/yr12 months · AED 83 per sqft
15 Apr 2018Sold by developerReady
AED 2,152,268AED 1,561 per sqft

Source: Dubai Land Department. Updated 15 February 2021.

Key facts

Type
2-bed apartment
Size
1,379 sqft
Floor
13th of 15
Parking
G-18
Developer
Credo Investments
Completed
2015
Service charge
AED 36,000 /yr
Last sold
AED 2.15M · April 2018
Building
Mon Reve (Credo Tower)

About 1302, Mon Reve (Credo Tower)

1302 is a two-bedroom apartment of 1,379 sqft on the 13th 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 2,152,268, or AED 1,561 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 15 February 2021, is AED 90,000 a year: a gross yield of 4.2% on the 2018 price, before the service charge of about AED 36,000 a year.

Sales and rents for 1302 over time

Sales
Unit 1302, 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 2,152,268 (AED 1,561 per sqft)

1302 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1302, 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 115,000 a yearNew contract, February 2020: AED 92,000 a yearRenewal, February 2021: 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 1302 sits

All 51 2-beds →

1302 last sold in April 2018 at AED 1,561 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. 1302'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 13th floor

All 86 units in Mon Reve (Credo Tower)
Value
13012-bedAED 2.15M · Apr 2018
13033-bedAED 2.96M · Oct 2018
13043-bedAED 3.32M · Oct 2018
13053-bedAED 2.94M · Oct 2018
13062-bedAED 1.88M · Apr 2018
13072-bedAED 2.26M · Apr 2018

1302, Mon Reve (Credo Tower) in numbers

  • Sold once: by Credo Investments on 15 April 2018 for AED 2,152,268, or AED 1,561 per sqft.
  • Rented since August 2018 on 3 Ejari contracts, from AED 115,000 to AED 90,000 a year.
  • At AED 90,000 a year the gross yield on the 2018 price is 4.2%, 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 15 February 2021.

Questions about 1302, Mon Reve (Credo Tower)

What did unit 1302 last sell for?

AED 2,152,268 on 15 April 2018, sold by the developer: AED 1,561 per sqft for 1,379 sqft. It is the only registered sale of the unit.

What is the rent for unit 1302?

AED 90,000 a year on the contract renewed on 15 February 2021. The previous contract, from February 2020, was AED 92,000; the unit has been rented since August 2018.

How big is unit 1302?

1,379 sqft (128.1 sqm): a two-bedroom apartment on the 13th floor of a 15-storey tower completed in 2015.

What is unit 1302 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 1302, Mon Reve (Credo Tower)

Starts from the last sale price (AED 2.15M, 15 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,152,268
Deposit, UAE resident (20%)
AED 430,454
Deposit, non-resident (40%)
AED 860,907
Monthly over 25 years at 3.7%
AED 8,806

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