503, Reehan 1
Sold prices and rental history: sold 4 times, last in August 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 503, Reehan 1
What is 503 worth today?
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Source: Dubai Land Department. Updated 22 September 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,221 sqft
- Floor
- 5th of 9
- Parking
- B-2220
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 25,200 /yr
- Last sold
- AED 2.4M · August 2023
- Building
- Reehan 1
About 503, Reehan 1
503 is a two-bedroom apartment of 1,221 sqft on the 5th floor of Reehan 1, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 3 August 2023 for AED 2,400,000, or AED 1,965 per sqft, 10% above the AED 1,786 two-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 22 September 2024, is AED 205,553 a year: a gross yield of 8.6% on the 2023 price, before the service charge of about AED 25,200 a year.
Sales and rents for 503 over time
503 has sold 4 times; the dashed line is the two-bed median of each year in the building.
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 503 sits
All 42 2-beds →503 last sold in August 2023 at AED 1,965 per sqft, 10% above what two-beds in Reehan 1 were fetching at the time (AED 1,786). 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. 503's AED 205,553 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Sep 20269 September 2026 | 1,405 sqft | 3,350,000 | 2,384 | ||
| 24 Jun 202624 June 2026 | 1,405 sqft | 3,340,000 | 2,377 | ||
| 14 Jan 202614 January 2026 | 1,258 sqft | 2,958,000 | 2,351 | ||
| 10 Jul 202510 July 2025 | 1,258 sqft | 2,850,000 | 2,265 |
Reehan 1
Building63 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%
Other units on the 5th floor
All 63 units in Reehan 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,354 sqft | AED 2.28MAED 2,275,000 · Nov 2021November 2021 | 113,000 /yr | |
| 502 | 2-bed | 1,517 sqft | AED 2.23MAED 2,225,000 · Mar 2019March 2019 | ||
| 504 | 1-bed | 826 sqft | AED 16KAED 16,224 · Aug 2026August 2026 | 112,000 /yr | |
| 505 | 1-bed | 773 sqft | AED 1.25MAED 1,250,000 · Apr 2022April 2022 | 72,000 /yr | |
| 506 | 2-bed | 1,258 sqft | AED 2.96MAED 2,958,000 · Jan 2026January 2026 | 133,100 /yr | |
| 507 | 2-bed | 1,405 sqft | AED 3.35MAED 3,350,000 · Sep 2026September 2026 | 105,000 /yr |
503, Reehan 1 in numbers
- Sold 4 times: first on 10 August 2010 for AED 3,400,000, last on 3 August 2023 for AED 2,400,000 (AED 1,965 per sqft).
- Rented since September 2023 on 3 Ejari contracts, from AED 200,000 to AED 205,553 a year.
- At AED 205,553 a year the gross yield on the 2023 price is 8.6%, before a service charge of about AED 25,200 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 22 September 2024.
Questions about 503, Reehan 1
What did unit 503 last sell for?
AED 2,400,000 on 3 August 2023: AED 1,965 per sqft for 1,221 sqft. The unit has 4 registered sales; the first was AED 3,400,000 in August 2010.
What is the rent for unit 503?
AED 205,553 a year on the contract renewed on 22 September 2024. The previous contract, from September 2024, was AED 205,553; the unit has been rented since September 2023.
How big is unit 503?
1,221 sqft (113.4 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2006.
What is unit 503 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 503, Reehan 1
Starts from the last sale price (AED 2.4M, 3 August 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 2,400,000
- Deposit, UAE resident (20%)
- AED 480,000
- Deposit, non-resident (40%)
- AED 960,000
- Monthly over 25 years at 3.7%
- AED 9,819
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →