2-bed · 1,405 sqftReehan 1, The Old Town · 4th floor · completed 2006

407, Reehan 1

Sold prices and rental history: sold twice, last in August 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 407 · DLD and Ejari recordsUpdated 23 August 2017
Last soldAED 2.77M23 August 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 407, Reehan 1

What is 407 worth today?

Last sold for AED 2,765,000 in 2017

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23 Aug 2017SoldReady
AED 2,765,000AED 1,967 per sqft
16 Jun 2009Sold by developerReady
AED 2,476,888AED 1,762 per sqft

Source: Dubai Land Department. Updated 23 August 2017.

Key facts

Type
2-bed apartment
Size
1,405 sqft
Floor
4th of 9
Parking
B-2215-2182
Developer
Emaar
Completed
2006
Service charge
AED 29,000 /yr
Last sold
AED 2.77M · August 2017
Building
Reehan 1

About 407, Reehan 1

407 is a two-bedroom apartment of 1,405 sqft on the 4th floor of Reehan 1, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 23 August 2017 for AED 2,765,000, or AED 1,967 per sqft, in line with the AED 1,918 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 407 over time

Sales
Unit 407, 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, June 2009: AED 2,476,888 (AED 1,762 per sqft)Sold, August 2017: AED 2,765,000 (AED 1,967 per sqft)

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

Rents
Unit 407, each contractTypical two-bed in Reehan 1
150K2012201620202024Typical 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 166,500

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 407 sits

All 42 2-beds →

407 last sold in August 2017 at AED 1,967 per sqft, in line with what two-beds in Reehan 1 were fetching at the time (AED 1,918). 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.

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 4th floor

All 63 units in Reehan 1
Value
4012-bedAED 3.4M · Mar 2014
4022-bedAED 2.63M · Jun 2016
4032-bedAED 1.78M · Jul 2021
4041-bedAED 1.17M · Mar 2022
4051-bedAED 796K · Jan 2012
4062-bedAED 1.55M · Apr 2012

407, Reehan 1 in numbers

  • Sold twice: first on 16 June 2009 for AED 2,476,888, last on 23 August 2017 for AED 2,765,000 (AED 1,967 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 2017.

Questions about 407, Reehan 1

What did unit 407 last sell for?

AED 2,765,000 on 23 August 2017: AED 1,967 per sqft for 1,405 sqft. The unit has 2 registered sales; the first was AED 2,476,888 in June 2009.

How big is unit 407?

1,405 sqft (130.5 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2006.

What is unit 407 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 407, Reehan 1

Starts from the last sale price (AED 2.77M, 23 August 2017). Switch to today's estimate once you have unlocked it.
Price
AED 2,765,000
Deposit, UAE resident (20%)
AED 553,000
Deposit, non-resident (40%)
AED 1,106,000
Monthly over 25 years at 3.7%
AED 11,312

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