2-bed · 1,381 sqftMon Reve (Credo Tower), Downtown Dubai · 8th floor · completed 2015

802, Mon Reve (Credo Tower)

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

Unit 802 · DLD and Ejari recordsUpdated 28 March 2022
Last soldAED 2.17M28 March 2018
Current rentAED 104K /yr28 March 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 802, Mon Reve (Credo Tower)

What is 802 worth today?

Last sold for AED 2,166,154 in 2018

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28 Mar 2022RentedRenewal
AED 103,730/yr24 months · AED 75 per sqft
28 Mar 2021RentedNew contract
AED 82,000/yr12 months · AED 59 per sqft
28 Mar 2020RentedRenewal
AED 90,000/yr12 months · AED 65 per sqft
28 Mar 2019RentedNew contract
AED 100,000/yr12 months · AED 73 per sqft
1 Jul 2018RentedNew contract
AED 105,000/yr12 months · AED 76 per sqft
28 Mar 2018Sold by developerReady
AED 2,166,154AED 1,569 per sqft

Source: Dubai Land Department. Updated 28 March 2022.

Key facts

Type
2-bed apartment
Size
1,381 sqft
Floor
8th of 15
Parking
P1-25
Developer
Credo Investments
Completed
2015
Service charge
AED 36,000 /yr
Last sold
AED 2.17M · March 2018

About 802, Mon Reve (Credo Tower)

802 is a two-bedroom apartment of 1,381 sqft on the 8th floor of Mon Reve (Credo Tower), a 15-storey tower in Downtown Dubai completed in 2015 by Credo Investments. The developer sold it on 28 March 2018 for AED 2,166,154, or AED 1,569 per sqft, in line with the AED 1,596 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 28 March 2022, is AED 103,730 a year: a gross yield of 4.8% on the 2018 price, before the service charge of about AED 36,000 a year.

Sales and rents for 802 over time

Sales
Unit 802, 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, March 2018: AED 2,166,154 (AED 1,569 per sqft)

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

Rents
Unit 802, 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, July 2018: AED 105,000 a yearNew contract, March 2019: AED 100,000 a yearRenewal, March 2020: AED 90,000 a yearNew contract, March 2021: AED 82,000 a yearRenewal, March 2022: AED 103,730 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 802 sits

All 51 2-beds →

802 last sold in March 2018 at AED 1,569 per sqft, in line with what two-beds in Mon Reve (Credo Tower) were fetching at the time (AED 1,596). 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. 802's AED 103,730 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 8th floor

All 86 units in Mon Reve (Credo Tower)
Value
8012-bedAED 2.17M · Mar 2018
8032-bedAED 2.45M · Mar 2018
8042-bedAED 2.23M · Mar 2018
8052-bedAED 2.35M · Mar 2018
8062-bedAED 2.47M · Mar 2018
8071-bedAED 1.36M · Mar 2018
8081-bedAED 1.36M · Mar 2018
1–7 of 8

802, Mon Reve (Credo Tower) in numbers

  • Sold once: by Credo Investments on 28 March 2018 for AED 2,166,154, or AED 1,569 per sqft.
  • Rented since July 2018 on 5 Ejari contracts. The rent fell from AED 105,000 to AED 82,000 in 2021 and recovered to AED 103,730 by March 2022.
  • At AED 103,730 a year the gross yield on the 2018 price is 4.8%, 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 28 March 2022.

Questions about 802, Mon Reve (Credo Tower)

What did unit 802 last sell for?

AED 2,166,154 on 28 March 2018, sold by the developer: AED 1,569 per sqft for 1,381 sqft. It is the only registered sale of the unit.

What is the rent for unit 802?

AED 103,730 a year on the contract renewed on 28 March 2022. The previous contract, from March 2021, was AED 82,000; the unit has been rented since July 2018.

How big is unit 802?

1,381 sqft (128.3 sqm): a two-bedroom apartment on the 8th floor of a 15-storey tower completed in 2015.

What is unit 802 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 802, Mon Reve (Credo Tower)

Starts from the last sale price (AED 2.17M, 28 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,166,154
Deposit, UAE resident (20%)
AED 433,231
Deposit, non-resident (40%)
AED 866,462
Monthly over 25 years at 3.7%
AED 8,862

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