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2-bed · 1,405 sqftMon Reve (Credo Tower), Downtown Dubai · 13th floor · completed 2015

1307, Mon Reve (Credo Tower)

Sold prices and rental history: sold once, by the developer in April 2018, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1307 · DLD and Ejari recordsUpdated 5 February 2019
Last soldAED 2.26M15 April 2018
Current rentAED 100K /yr5 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1307, Mon Reve (Credo Tower)

What is 1307 worth today?

Last sold for AED 2,264,039 in 2018

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5 Feb 2019RentedNew contract
AED 100,000/yr12 months · AED 71 per sqft
5 Feb 2019RentedNew contract
AED 100,000/yr13 months · AED 71 per sqft
15 Apr 2018Sold by developerReady
AED 2,264,039AED 1,611 per sqft

Source: Dubai Land Department. Updated 5 February 2019.

Key facts

Type
2-bed apartment
Size
1,405 sqft
Floor
13th of 15
Parking
G-21
Developer
Credo Investments
Completed
2015
Service charge
AED 36,700 /yr
Last sold
AED 2.26M · April 2018
Building
Mon Reve (Credo Tower)

About 1307, Mon Reve (Credo Tower)

1307 is a two-bedroom apartment of 1,405 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 2,264,039, or AED 1,611 per sqft, in line with the AED 1,565 two-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 5 February 2019, is AED 100,000 a year: a gross yield of 4.4% on the 2018 price, before the service charge of about AED 36,700 a year.

Sales and rents for 1307 over time

Sales
Unit 1307, 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 2,264,039 (AED 1,611 per sqft)

1307 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1307, 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, February 2019: AED 100,000 a yearNew contract, February 2019: AED 100,000 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 1307 sits

All 51 2-beds →

1307 last sold in April 2018 at AED 1,611 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. 1307's AED 100,000 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
13022-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

1307, Mon Reve (Credo Tower) in numbers

  • Sold once: by Credo Investments on 15 April 2018 for AED 2,264,039, or AED 1,611 per sqft.
  • Rented since February 2019 on 2 Ejari contracts, at AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2018 price is 4.4%, before a service charge of about AED 36,700 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 5 February 2019.

Questions about 1307, Mon Reve (Credo Tower)

What did unit 1307 last sell for?

AED 2,264,039 on 15 April 2018, sold by the developer: AED 1,611 per sqft for 1,405 sqft. It is the only registered sale of the unit.

What is the rent for unit 1307?

AED 100,000 a year on the contract signed on 5 February 2019. The previous contract, from February 2019, was AED 100,000.

How big is unit 1307?

1,405 sqft (130.5 sqm): a two-bedroom apartment on the 13th floor of a 15-storey tower completed in 2015.

What is unit 1307 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 1307, Mon Reve (Credo Tower)

Starts from the last sale price (AED 2.26M, 15 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,264,039
Deposit, UAE resident (20%)
AED 452,808
Deposit, non-resident (40%)
AED 905,616
Monthly over 25 years at 3.7%
AED 9,263

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