1-bed · 870 sqftMon Reve (Credo Tower), Downtown Dubai · 8th floor · completed 2015

808, Mon Reve (Credo Tower)

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

Unit 808 · DLD and Ejari recordsUpdated 20 September 2018
Last soldAED 1.36M28 March 2018
Current rentAED 75K /yr20 September 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 808, Mon Reve (Credo Tower)

What is 808 worth today?

Last sold for AED 1,360,133 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

20 Sep 2018RentedNew contract
AED 75,000/yr12 months · AED 86 per sqft
28 Mar 2018Sold by developerReady
AED 1,360,133AED 1,562 per sqft

Source: Dubai Land Department. Updated 20 September 2018.

Key facts

Type
1-bed apartment
Size
870 sqft
Floor
8th of 15
Parking
P1-31
Developer
Credo Investments
Completed
2015
Service charge
AED 22,700 /yr
Last sold
AED 1.36M · March 2018

About 808, Mon Reve (Credo Tower)

808 is a one-bedroom apartment of 870 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 1,360,133, or AED 1,562 per sqft, in line with the AED 1,562 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 20 September 2018. The current contract, signed on 20 September 2018, is AED 75,000 a year: a gross yield of 5.5% on the 2018 price, before the service charge of about AED 22,700 a year.

Sales and rents for 808 over time

Sales
Unit 808, each saleTypical one-bed in Mon Reve (Credo Tower)
1.4M2015201820212024Typical sale price by year: 2015 AED 1,467,632; 2018 AED 1,333,977; 2023 AED 1,359,732Sold by developer, March 2018: AED 1,360,133 (AED 1,562 per sqft)

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

Rents
Unit 808, each contractTypical one-bed in Mon Reve (Credo Tower)
75K100K2018202120242027Typical rent by year: 2018 AED 75,000; 2019 AED 65,000; 2020 AED 60,000; 2022 AED 90,000; 2023 AED 95,000; 2024 AED 105,000; 2025 AED 107,500; 2026 AED 90,000New contract, September 2018: AED 75,000 a year

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

1-beds in Mon Reve (Credo Tower), and where 808 sits

All 18 1-beds →

808 last sold in March 2018 at AED 1,562 per sqft, in line with what one-beds in Mon Reve (Credo Tower) were fetching at the time (AED 1,562). 808's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
12 Jun 20251,500,000
11 Jun 20251,600,000
12 Nov 20241,475,000
26 Oct 20231,250,000
0 1-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
8022-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
1–7 of 8

808, Mon Reve (Credo Tower) in numbers

  • Sold once: by Credo Investments on 28 March 2018 for AED 1,360,133, or AED 1,562 per sqft.
  • Rented since September 2018 on one Ejari contract, at AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2018 price is 5.5%, before a service charge of about AED 22,700 a year (AED 26.09 per sqft).

Source: Dubai Land Department. Updated 20 September 2018.

Questions about 808, Mon Reve (Credo Tower)

What did unit 808 last sell for?

AED 1,360,133 on 28 March 2018, sold by the developer: AED 1,562 per sqft for 870 sqft. It is the only registered sale of the unit.

What is the rent for unit 808?

AED 75,000 a year on the contract signed on 20 September 2018.

How big is unit 808?

870 sqft (80.8 sqm): a one-bedroom apartment on the 8th floor of a 15-storey tower completed in 2015.

What is unit 808 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling 808? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 808, Mon Reve (Credo Tower)

Starts from the last sale price (AED 1.36M, 28 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,360,133
Deposit, UAE resident (20%)
AED 272,027
Deposit, non-resident (40%)
AED 544,053
Monthly over 25 years at 3.7%
AED 5,565

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