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4-bed · 6,298 sqftLe Reve Tower, Dubai Marina · 25th floor · completed 2006

2502, Le Reve Tower

Sold prices and rental history: sold 4 times, last in November 2020, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2502 · DLD and Ejari recordsUpdated 22 November 2020
Last soldAED 5M22 November 2020
Current rentAED 180K /yr1 October 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2502, Le Reve Tower

What is 2502 worth today?

Last sold for AED 5,000,000 in 2020

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22 Nov 2020SoldReady
AED 5,000,000AED 793 per sqft
1 Oct 2017RentedRenewal
AED 180,000/yr12 months · AED 29 per sqft
1 Oct 2016RentedRenewal
AED 240,000/yr12 months · AED 38 per sqft
1 Oct 2015RentedRenewal
AED 300,000/yr12 months · AED 48 per sqft
1 Oct 2014RentedNew contract
AED 300,000/yr12 months · AED 48 per sqft
2 Sep 2013RentedNew contract
AED 250,000/yr12 months · AED 40 per sqft
20 Oct 2010SoldReady
AED 6,000,000AED 983 per sqft
4 Sep 2008SoldReady
AED 11,876,700AED 1,946 per sqft

Source: Dubai Land Department. Updated 22 November 2020.

Key facts

Type
4-bed apartment
Size
6,298 sqft
Floor
25th of 49
Parking
G/ 20&P1/ 14
Developer
Xtreme Vision
Completed
2006
Service charge
AED 124,400 /yr
Last sold
AED 5M · November 2020
Building
Le Reve Tower

About 2502, Le Reve Tower

2502 is a four-bedroom apartment of 6,298 sqft on the 25th floor of Le Reve Tower, a 49-storey tower in Dubai Marina completed in 2006 by Xtreme Vision. It last sold on 22 November 2020 for AED 5,000,000, or AED 793 per sqft.

It has been rented continuously since 2013 on 5 Ejari contracts. The current contract, renewed on 1 October 2017, is AED 180,000 a year: a gross yield of 3.6% on the 2020 price, before the service charge of about AED 124,400 a year.

Sales and rents for 2502 over time

Sales
Unit 2502, 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, April 2008: AED 10,797,000 (AED 1,769 per sqft)Sold, September 2008: AED 11,876,700 (AED 1,946 per sqft)Sold, October 2010: AED 6,000,000 (AED 983 per sqft)Sold, November 2020: AED 5,000,000 (AED 793 per sqft)

2502 has sold 4 times; the dashed line is the four-bed median of each year in the building.

Rents
Unit 2502, 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 875,000New contract, September 2013: AED 250,000 a yearNew contract, October 2014: AED 300,000 a yearRenewal, October 2015: AED 300,000 a yearRenewal, October 2016: AED 240,000 a yearRenewal, October 2017: AED 180,000 a year

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 2502 sits

All 67 4-beds →

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. 2502's AED 180,000 is at the bottom of that range.

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 25th floor

All 81 units in Le Reve Tower
Value
25014-bedAED 8.39M · Apr 2008

2502, Le Reve Tower in numbers

  • Sold 4 times: first on 6 April 2008 for AED 10,797,000, last on 22 November 2020 for AED 5,000,000 (AED 793 per sqft).
  • Rented since September 2013 on 5 Ejari contracts, from AED 250,000 to AED 180,000 a year.
  • At AED 180,000 a year the gross yield on the 2020 price is 3.6%, before a service charge of about AED 124,400 a year (AED 19.75 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 22 November 2020.

Questions about 2502, Le Reve Tower

What did unit 2502 last sell for?

AED 5,000,000 on 22 November 2020: AED 793 per sqft for 6,298 sqft. The unit has 4 registered sales; the first was AED 10,797,000 in April 2008.

What is the rent for unit 2502?

AED 180,000 a year on the contract renewed on 1 October 2017. The previous contract, from October 2016, was AED 240,000; the unit has been rented since September 2013.

How big is unit 2502?

6,298 sqft (585.1 sqm): a four-bedroom apartment on the 25th floor of a 49-storey tower completed in 2006.

What is unit 2502 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 2502, Le Reve Tower

Starts from the last sale price (AED 5M, 22 November 2020). Switch to today's estimate once you have unlocked it.
Price
AED 5,000,000
Deposit, UAE resident (20%)
AED 1,000,000
Deposit, non-resident (40%)
AED 2,000,000
Monthly over 25 years at 3.7%
AED 20,457

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