701, Le Reve Tower
Sold prices and rental history: sold 3 times, last in August 2023, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Le Reve Tower
What is 701 worth today?
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Source: Dubai Land Department. Updated 16 August 2023.
Key facts
- Type
- 4-bed apartment
- Size
- 6,308 sqft
- Floor
- 7th of 49
- Parking
- P2/ 20&21
- Developer
- Xtreme Vision
- Completed
- 2006
- Service charge
- AED 124,600 /yr
- Last sold
- AED 12M · August 2023
- Building
- Le Reve Tower
About 701, Le Reve Tower
701 is a four-bedroom apartment of 6,308 sqft on the 7th floor of Le Reve Tower, a 49-storey tower in Dubai Marina completed in 2006 by Xtreme Vision. It last sold on 16 August 2023 for AED 12,000,000, or AED 1,902 per sqft, 17% below the AED 2,304 four-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 6 Ejari contracts. The current contract, renewed on 13 July 2022, is AED 170,000 a year: a gross yield of 1.4% on the 2023 price, before the service charge of about AED 124,600 a year.
Sales and rents for 701 over time
701 has sold 3 times; the dashed line is the four-bed median of each year in the building.
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 701 sits
All 67 4-beds →701 last sold in August 2023 at AED 1,902 per sqft, 17% below what four-beds in Le Reve Tower were fetching at the time (AED 2,304). 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. 701's AED 170,000 is at the bottom of that range.
| Recent 4-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 29 Oct 202629 October 2026 | 6,308 sqft | 20,500,000 | 3,249 | ||
| 24 Aug 202624 August 2026 | 6,298 sqft | 16,000,000 | 2,540 | ||
| 29 Dec 202529 December 2025 | 6,308 sqft | 18,000,000 | 2,853 | ||
| 26 Sep 202526 September 2025 | 6,298 sqft | 16,000,000 | 2,540 |
Le Reve Tower
Building81 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%
Other units on the 7th floor
All 81 units in Le Reve Tower| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 4-bed | 6,100 sqft | AED 8.7MAED 8,701,855 · Jul 2008July 2008 |
701, Le Reve Tower in numbers
- Sold 3 times: first on 7 April 2008 for AED 8,701,855, last on 16 August 2023 for AED 12,000,000 (AED 1,902 per sqft).
- Rented since July 2017 on 6 Ejari contracts, at AED 170,000 a year.
- At AED 170,000 a year the gross yield on the 2023 price is 1.4%, 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 16 August 2023.
Questions about 701, Le Reve Tower
What did unit 701 last sell for?
AED 12,000,000 on 16 August 2023: AED 1,902 per sqft for 6,308 sqft. The unit has 3 registered sales; the first was AED 8,701,855 in April 2008.
What is the rent for unit 701?
AED 170,000 a year on the contract renewed on 13 July 2022. The previous contract, from July 2021, was AED 170,000; the unit has been rented since July 2017.
How big is unit 701?
6,308 sqft (586.0 sqm): a four-bedroom apartment on the 7th floor of a 49-storey tower completed in 2006.
What is unit 701 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 701, Le Reve Tower
Starts from the last sale price (AED 12M, 16 August 2023). 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 →