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4-bed · 6,308 sqftLe Reve Tower, Dubai Marina · 5th floor · completed 2006

501, Le Reve Tower

Sold prices and rental history: sold twice, last in June 2017, and rented since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 8 June 2017
Last soldAED 12M8 June 2017
Current rentAED 700K /yr1 February 2016
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Le Reve Tower

What is 501 worth today?

Last sold for AED 12,000,000 in 2017

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8 Jun 2017SoldReady
AED 12,000,000AED 1,902 per sqft
1 Feb 2016RentedRenewal
AED 700,000/yr12 months · AED 111 per sqft
10 Dec 2014RentedNew contract
AED 614,035/yr14 months · AED 97 per sqft
10 Mar 2013RentedNew contract
AED 700,000/yr12 months · AED 111 per sqft
14 Feb 2008Sold by developerReady
AED 12,200,000AED 1,999 per sqft

Source: Dubai Land Department. Updated 8 June 2017.

Key facts

Type
4-bed apartment
Size
6,308 sqft
Floor
5th of 49
Parking
P2/ 42&43
Developer
Xtreme Vision
Completed
2006
Service charge
AED 124,600 /yr
Last sold
AED 12M · June 2017
Building
Le Reve Tower

About 501, Le Reve Tower

501 is a four-bedroom apartment of 6,308 sqft on the 5th floor of Le Reve Tower, a 49-storey tower in Dubai Marina completed in 2006 by Xtreme Vision. It last sold on 8 June 2017 for AED 12,000,000, or AED 1,902 per sqft.

It has been rented since 2013 on 3 Ejari contracts. The current contract, renewed on 1 February 2016, is AED 700,000 a year: a gross yield of 5.8% on the 2017 price, before the service charge of about AED 124,600 a year.

Sales and rents for 501 over time

Sales
Unit 501, 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, February 2008: AED 12,200,000 (AED 1,999 per sqft)Sold, June 2017: AED 12,000,000 (AED 1,902 per sqft)

501 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 501, 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, March 2013: AED 700,000 a yearNew contract, December 2014: AED 614,035 a yearRenewal, February 2016: AED 700,000 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 501 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. 501's AED 700,000 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 5th floor

All 81 units in Le Reve Tower
Value
5024-bedAED 15M · Jul 2025

501, Le Reve Tower in numbers

  • Sold twice: first on 14 February 2008 for AED 12,200,000, last on 8 June 2017 for AED 12,000,000 (AED 1,902 per sqft).
  • Rented since March 2013 on 3 Ejari contracts. The rent fell from AED 700,000 to AED 614,035 in 2014 and recovered to AED 700,000 by February 2016.
  • At AED 700,000 a year the gross yield on the 2017 price is 5.8%, before a service charge of about AED 124,600 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 8 June 2017.

Questions about 501, Le Reve Tower

What did unit 501 last sell for?

AED 12,000,000 on 8 June 2017: AED 1,902 per sqft for 6,308 sqft. The unit has 2 registered sales; the first was AED 12,200,000 in February 2008.

What is the rent for unit 501?

AED 700,000 a year on the contract renewed on 1 February 2016. The previous contract, from December 2014, was AED 614,035; the unit has been rented since March 2013.

How big is unit 501?

6,308 sqft (586.0 sqm): a four-bedroom apartment on the 5th floor of a 49-storey tower completed in 2006.

What is unit 501 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 501, Le Reve Tower

Starts from the last sale price (AED 12M, 8 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 12,000,000
Deposit, UAE resident (20%)
AED 2,400,000
Deposit, non-resident (40%)
AED 4,800,000
Monthly over 25 years at 3.7%
AED 49,096

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