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4-bed · 6,298 sqftLe Reve Tower, Dubai Marina · 15th floor · completed 2006

1501, Le Reve Tower

Sold prices and rental history: sold 3 times, last in March 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1501 · DLD and Ejari recordsUpdated 18 March 2019
Last soldAED 10.05M18 March 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1501, Le Reve Tower

What is 1501 worth today?

Last sold for AED 10,050,000 in 2019

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18 Mar 2019SoldReady
AED 10,050,000AED 1,595 per sqft
16 May 2017SoldReady
AED 12,200,000AED 1,937 per sqft
25 Dec 2012Sold by developerReady
AED 9,069,226AED 1,440 per sqft

Source: Dubai Land Department. Updated 18 March 2019.

Key facts

Type
4-bed apartment
Size
6,298 sqft
Floor
15th of 49
Parking
P1/ 12&13
Developer
Xtreme Vision
Completed
2006
Service charge
AED 124,400 /yr
Last sold
AED 10.05M · March 2019
Building
Le Reve Tower

About 1501, Le Reve Tower

1501 is a four-bedroom apartment of 6,298 sqft on the 15th floor of Le Reve Tower, a 49-storey tower in Dubai Marina completed in 2006 by Xtreme Vision. It last sold on 18 March 2019 for AED 10,050,000, or AED 1,595 per sqft, in line with the AED 1,595 four-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1501 over time

Sales
Unit 1501, each saleTypical four-bed in Le Reve Tower
10M20M2008201320182023Typical sale price by year: 2008 AED 8,725,632; 2009 AED 8,649,904; 2010 AED 8,000,000; 2011 AED 13,300,000; 2012 AED 15,500,000; 2013 AED 20,000,000; 2015 AED 19,000,000; 2017 AED 12,200,000; 2020 AED 6,825,649; 2023 AED 13,000,000; 2024 AED 15,350,000; 2025 AED 17,000,000Sold by developer, December 2012: AED 9,069,226 (AED 1,440 per sqft)Sold, May 2017: AED 12,200,000 (AED 1,937 per sqft)Sold, March 2019: AED 10,050,000 (AED 1,595 per sqft)

1501 has sold 3 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1501, each contractTypical four-bed in Le Reve Tower
500K1M2013201720212025Typical rent by year: 2013 AED 760,000; 2014 AED 562,018; 2015 AED 500,000; 2016 AED 700,000; 2017 AED 180,000; 2018 AED 662,500; 2019 AED 390,000; 2020 AED 390,000; 2021 AED 500,000; 2022 AED 560,000; 2023 AED 775,000; 2024 AED 850,000; 2025 AED 850,000; 2026 AED 875,000

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

4-beds in Le Reve Tower, and where 1501 sits

All 67 4-beds →

1501 last sold in March 2019 at AED 1,595 per sqft, in line with what four-beds in Le Reve Tower were fetching at the time (AED 1,595). Over the last 12 months four-beds sold for AED 16,000,000 to 20,500,000, around AED 2,853 per sqft, and rent for AED 800,000 to 1,050,000 a year.

Recent 4-bed salesUnit no.Price (AED)Summary
29 Oct 202620,500,000
24 Aug 202616,000,000
29 Dec 202518,000,000
26 Sep 202516,000,000
3 4-bed sales in the last 12 months

Le Reve Tower

Building

81 apartments, 2-bed to 8-bed over 49 floors in Dubai Marina, completed in 2006 by Xtreme Vision. 3 sold in the last 12 months.

Typical price per sqft
AED 2,853
Typical sale
AED 18M
Typical rent
AED 850K /yr
Typical yield
4.7%
Le Reve Tower, Dubai Marina: prices, sales and rents →

Other units on the 15th floor

All 81 units in Le Reve Tower
Value
15024-bedAED 8.88M · Feb 2008

1501, Le Reve Tower in numbers

  • Sold 3 times: first on 25 December 2012 for AED 9,069,226, last on 18 March 2019 for AED 10,050,000 (AED 1,595 per sqft).
  • Four-beds in Le Reve Tower sold for AED 16,000,000–20,500,000 in the 12 months to November 2026; the building's median across all types is AED 2,853 per sqft.

Source: Dubai Land Department. Updated 18 March 2019.

Questions about 1501, Le Reve Tower

What did unit 1501 last sell for?

AED 10,050,000 on 18 March 2019: AED 1,595 per sqft for 6,298 sqft. The unit has 3 registered sales; the first was AED 9,069,226 in December 2012.

How big is unit 1501?

6,298 sqft (585.1 sqm): a four-bedroom apartment on the 15th floor of a 49-storey tower completed in 2006.

What is unit 1501 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Le Reve Tower sold for AED 16,000,000 to 20,500,000 in the last 12 months, around AED 2,853 per sqft.

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Mortgage on 1501, Le Reve Tower

Starts from the last sale price (AED 10.05M, 18 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 10,050,000
Deposit, UAE resident (20%)
AED 2,010,000
Deposit, non-resident (40%)
AED 4,020,000
Monthly over 25 years at 3.7%
AED 41,118

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