2-bed · 1,517 sqftReehan 1, The Old Town · 2nd floor · completed 2006

202, Reehan 1

Sold prices and rental history: sold twice, last in August 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 202 · DLD and Ejari recordsUpdated 23 August 2023
Last soldAED 2.65M23 August 2023
Current rentAED 140K /yr16 September 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 202, Reehan 1

What is 202 worth today?

Last sold for AED 2,650,000 in 2023

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23 Aug 2023SoldReady
AED 2,650,000AED 1,746 per sqft
16 Sep 2022RentedNew contract
AED 140,000/yr12 months · AED 92 per sqft
13 Sep 2021RentedRenewal
AED 92,500/yr12 months · AED 61 per sqft
13 Sep 2020RentedRenewal
AED 92,500/yr12 months · AED 61 per sqft
13 Sep 2019RentedRenewal
AED 110,000/yr12 months · AED 72 per sqft
11 Sep 2018RentedNew contract
AED 114,991/yr12 months · AED 76 per sqft
8 Jan 2018Sold by developerReady
AED 3,320,388AED 2,188 per sqft

Source: Dubai Land Department. Updated 23 August 2023.

Key facts

Type
2-bed apartment
Size
1,517 sqft
Floor
2nd of 9
Parking
B-2183
Developer
Emaar
Completed
2006
Service charge
AED 31,300 /yr
Last sold
AED 2.65M · August 2023
Building
Reehan 1

About 202, Reehan 1

202 is a two-bedroom apartment of 1,517 sqft on the 2nd floor of Reehan 1, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 23 August 2023 for AED 2,650,000, or AED 1,746 per sqft, in line with the AED 1,745 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 16 September 2022, is AED 140,000 a year: a gross yield of 5.3% on the 2023 price, before the service charge of about AED 31,300 a year.

Sales and rents for 202 over time

Sales
Unit 202, each saleTypical two-bed in Reehan 1
2M3M4M2009201420192024Typical sale price by year: 2009 AED 1,583,888; 2010 AED 2,075,888; 2011 AED 1,760,000; 2012 AED 2,487,944; 2013 AED 2,775,000; 2014 AED 2,850,000; 2015 AED 2,800,000; 2016 AED 2,425,000; 2017 AED 2,700,000; 2019 AED 1,587,500; 2020 AED 1,750,000; 2021 AED 2,000,000; 2022 AED 2,350,000; 2023 AED 2,400,000; 2024 AED 2,720,000; 2025 AED 3,785,000; 2026 AED 3,340,000Sold by developer, January 2018: AED 3,320,388 (AED 2,188 per sqft)Sold, August 2023: AED 2,650,000 (AED 1,746 per sqft)

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

Rents
Unit 202, each contractTypical two-bed in Reehan 1
100K150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 141,176; 2014 AED 165,000; 2015 AED 157,500; 2016 AED 167,000; 2017 AED 147,500; 2018 AED 131,000; 2019 AED 118,000; 2020 AED 119,000; 2021 AED 112,500; 2022 AED 129,820; 2023 AED 150,000; 2024 AED 175,000; 2025 AED 180,000; 2026 AED 166,500New contract, September 2018: AED 114,991 a yearRenewal, September 2019: AED 110,000 a yearRenewal, September 2020: AED 92,500 a yearRenewal, September 2021: AED 92,500 a yearNew contract, September 2022: AED 140,000 a year

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

2-beds in Reehan 1, and where 202 sits

All 42 2-beds →

202 last sold in August 2023 at AED 1,746 per sqft, in line with what two-beds in Reehan 1 were fetching at the time (AED 1,745). Over the last 12 months two-beds sold for AED 2,958,000 to 3,350,000, around AED 2,377 per sqft, and rent for AED 105,000 to 325,500 a year. 202's AED 140,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Sep 20263,350,000
24 Jun 20263,340,000
14 Jan 20262,958,000
10 Jul 20252,850,000
3 2-bed sales in the last 12 months

Reehan 1

Building

63 apartments, 1-bed to 3-bed over 9 floors in The Old Town, completed in 2006 by Emaar. 5 sold in the last 12 months.

Typical price per sqft
AED 2,377
Typical sale
AED 3.34M
Typical rent
AED 150K /yr
Typical yield
5.3%
Reehan 1, The Old Town: prices, sales and rents →

Other units on the 2nd floor

All 63 units in Reehan 1
Value
2012-bedAED 1.75M · Mar 2020
2041-bedAED 1.25M · Jan 2023
2051-bedAED 1.28M · Jun 2017
2062-bedAED 2.65M · Aug 2024
2072-bedAED 3.34M · Jun 2026

202, Reehan 1 in numbers

  • Sold twice: first on 8 January 2018 for AED 3,320,388, last on 23 August 2023 for AED 2,650,000 (AED 1,746 per sqft).
  • Rented since September 2018 on 5 Ejari contracts. The rent fell from AED 114,991 to AED 92,500 in 2021 and recovered to AED 140,000 by September 2022.
  • At AED 140,000 a year the gross yield on the 2023 price is 5.3%, before a service charge of about AED 31,300 a year (AED 20.62 per sqft).
  • Two-beds in Reehan 1 sold for AED 2,958,000–3,350,000 in the 12 months to November 2026; the building's median across all types is AED 2,377 per sqft.

Source: Dubai Land Department. Updated 23 August 2023.

Questions about 202, Reehan 1

What did unit 202 last sell for?

AED 2,650,000 on 23 August 2023: AED 1,746 per sqft for 1,517 sqft. The unit has 2 registered sales; the first was AED 3,320,388 in January 2018.

What is the rent for unit 202?

AED 140,000 a year on the contract signed on 16 September 2022. The previous contract, from September 2021, was AED 92,500; the unit has been rented since September 2018.

How big is unit 202?

1,517 sqft (140.9 sqm): a two-bedroom apartment on the 2nd floor of a 9-storey tower completed in 2006.

What is unit 202 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Reehan 1 sold for AED 2,958,000 to 3,350,000 in the last 12 months, around AED 2,377 per sqft.

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Mortgage on 202, Reehan 1

Starts from the last sale price (AED 2.65M, 23 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,650,000
Deposit, UAE resident (20%)
AED 530,000
Deposit, non-resident (40%)
AED 1,060,000
Monthly over 25 years at 3.7%
AED 10,842

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