2-bed · 1,403 sqftMon Reve (Credo Tower), Downtown Dubai · 14th floor · completed 2015

1407, Mon Reve (Credo Tower)

Sold prices and rental history: sold once, by the developer in November 2022, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1407 · DLD and Ejari recordsUpdated 9 November 2022
Last soldAED 2.23M9 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1407, Mon Reve (Credo Tower)

What is 1407 worth today?

Last sold for AED 2,225,000 in 2022

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9 Nov 2022Sold by developerReady
AED 2,225,000AED 1,585 per sqft

Source: Dubai Land Department. Updated 9 November 2022.

Key facts

Type
2-bed apartment
Size
1,403 sqft
Floor
14th of 15
Parking
G-12
Developer
Credo Investments
Completed
2015
Service charge
AED 36,600 /yr
Last sold
AED 2.23M · November 2022

About 1407, Mon Reve (Credo Tower)

1407 is a two-bedroom apartment of 1,403 sqft on the 14th floor of Mon Reve (Credo Tower), a 15-storey tower in Downtown Dubai completed in 2015 by Credo Investments. The developer sold it on 9 November 2022 for AED 2,225,000, or AED 1,585 per sqft, 6% above the AED 1,499 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1407 over time

Sales
Unit 1407, 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, November 2022: AED 2,225,000 (AED 1,585 per sqft)

1407 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1407, 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 150,000

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 1407 sits

All 51 2-beds →

1407 last sold in November 2022 at AED 1,585 per sqft, 6% above what two-beds in Mon Reve (Credo Tower) were fetching at the time (AED 1,499). 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.

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 14th floor

All 86 units in Mon Reve (Credo Tower)
Value
14012-bedAED 2.18M · May 2022
14022-bedAED 2.55M · Nov 2023
14033-bedAED 2.83M · Aug 2022
14043-bedAED 3.35M · Jul 2023
14053-bedAED 2.94M · Aug 2022
14062-bedAED 2.2M · Dec 2025

1407, Mon Reve (Credo Tower) in numbers

  • Sold once: by Credo Investments on 9 November 2022 for AED 2,225,000, or AED 1,585 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 9 November 2022.

Questions about 1407, Mon Reve (Credo Tower)

What did unit 1407 last sell for?

AED 2,225,000 on 9 November 2022, sold by the developer: AED 1,585 per sqft for 1,403 sqft. It is the only registered sale of the unit.

How big is unit 1407?

1,403 sqft (130.3 sqm): a two-bedroom apartment on the 14th floor of a 15-storey tower completed in 2015.

What is unit 1407 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 1407, Mon Reve (Credo Tower)

Starts from the last sale price (AED 2.23M, 9 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,225,000
Deposit, UAE resident (20%)
AED 445,000
Deposit, non-resident (40%)
AED 890,000
Monthly over 25 years at 3.7%
AED 9,103

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