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2-bed · 1,258 sqftReehan 1, The Old Town · 3rd floor · completed 2006

306, Reehan 1

Sold prices and rental history: sold once, by the developer in March 2009, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 306 · DLD and Ejari recordsUpdated 7 January 2019
Last soldAED 1.56M10 March 2009
Current rentAED 110K /yr7 January 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 306, Reehan 1

What is 306 worth today?

Last sold for AED 1,563,888 in 2009

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7 Jan 2019RentedNew contract
AED 110,000/yr12 months · AED 87 per sqft
1 Dec 2017RentedNew contract
AED 120,000/yr12 months · AED 95 per sqft
15 Jun 2016RentedNew contract
AED 165,000/yr12 months · AED 131 per sqft
10 Mar 2009Sold by developerReady
AED 1,563,888AED 1,243 per sqft

Source: Dubai Land Department. Updated 7 January 2019.

Key facts

Type
2-bed apartment
Size
1,258 sqft
Floor
3rd of 9
Parking
B-1035
Developer
Emaar
Completed
2006
Service charge
AED 25,900 /yr
Last sold
AED 1.56M · March 2009
Building
Reehan 1

About 306, Reehan 1

306 is a two-bedroom apartment of 1,258 sqft on the 3rd floor of Reehan 1, a 9-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 10 March 2009 for AED 1,563,888, or AED 1,243 per sqft, 5% below the AED 1,302 two-beds in the building were fetching at the time.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 7 January 2019, is AED 110,000 a year: a gross yield of 7.0% on the 2009 price, before the service charge of about AED 25,900 a year.

Sales and rents for 306 over time

Sales
Unit 306, each saleTypical two-bed in Reehan 1
2M4M2009201420192024Typical 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, March 2009: AED 1,563,888 (AED 1,243 per sqft)

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

Rents
Unit 306, 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, June 2016: AED 165,000 a yearNew contract, December 2017: AED 120,000 a yearNew contract, January 2019: AED 110,000 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 306 sits

All 42 2-beds →

306 last sold in March 2009 at AED 1,243 per sqft, 5% below what two-beds in Reehan 1 were fetching at the time (AED 1,302). 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. 306's AED 110,000 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 3rd floor

All 63 units in Reehan 1
Value
3012-bedAED 2.85M · Feb 2014
3022-bedAED 2.75M · Apr 2018
3032-bedAED 1.83M · Aug 2021
3041-bedAED 1.6M · Jul 2024
3051-bedAED 1.5M · Aug 2023
3072-bedAED 2.4M · Nov 2012

306, Reehan 1 in numbers

  • Sold once: by Emaar on 10 March 2009 for AED 1,563,888, or AED 1,243 per sqft.
  • Rented since June 2016 on 3 Ejari contracts, from AED 165,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2009 price is 7.0%, before a service charge of about AED 25,900 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 7 January 2019.

Questions about 306, Reehan 1

What did unit 306 last sell for?

AED 1,563,888 on 10 March 2009, sold by the developer: AED 1,243 per sqft for 1,258 sqft. It is the only registered sale of the unit.

What is the rent for unit 306?

AED 110,000 a year on the contract signed on 7 January 2019. The previous contract, from December 2017, was AED 120,000; the unit has been rented since June 2016.

How big is unit 306?

1,258 sqft (116.9 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2006.

What is unit 306 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 306, Reehan 1

Starts from the last sale price (AED 1.56M, 10 March 2009). Switch to today's estimate once you have unlocked it.
Price
AED 1,563,888
Deposit, UAE resident (20%)
AED 312,778
Deposit, non-resident (40%)
AED 625,555
Monthly over 25 years at 3.7%
AED 6,398

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