505, Reehan 1
Sold prices and rental history: sold 5 times, last in April 2022, and rented continuously since 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Reehan 1
What is 505 worth today?
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Source: Dubai Land Department. Updated 11 April 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 773 sqft
- Floor
- 5th of 9
- Parking
- B-2222
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 15,900 /yr
- Last sold
- AED 1.25M · April 2022
- Building
- Reehan 1
About 505, Reehan 1
505 is a one-bedroom apartment of 773 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 11 April 2022 for AED 1,250,000, or AED 1,617 per sqft, 15% above the AED 1,410 one-beds in the building were fetching at the time.
It has been rented continuously since 2015 on 6 Ejari contracts. The current contract, signed on 10 July 2020, is AED 72,000 a year: a gross yield of 5.8% on the 2022 price, before the service charge of about AED 15,900 a year.
Sales and rents for 505 over time
505 has sold 5 times; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Reehan 1, and where 505 sits
All 18 1-beds →505 last sold in April 2022 at AED 1,617 per sqft, 15% above what one-beds in Reehan 1 were fetching at the time (AED 1,410). Over the last 12 months one-beds sold for AED 16,224 to 29,371, around AED 27 per sqft, and rent for AED 80,000 to 125,000 a year. 505's AED 72,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 5 Aug 20265 August 2026 | 826 sqft | 16,224 | 19 | ||
| 30 Dec 202530 December 2025 | 826 sqft | 29,371 | 35 | ||
| 25 Jun 202525 June 2025 | 826 sqft | 51,687 | 62 | ||
| 17 Dec 202417 December 2024 | 826 sqft | 23,844 | 28 |
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 | ||
| 503 | 2-bed | 1,221 sqft | AED 2.4MAED 2,400,000 · Aug 2023August 2023 | 205,553 /yr | |
| 504 | 1-bed | 826 sqft | AED 16KAED 16,224 · Aug 2026August 2026 | 112,000 /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 |
505, Reehan 1 in numbers
- Sold 5 times: first on 10 August 2010 for AED 2,331,700, last on 11 April 2022 for AED 1,250,000 (AED 1,617 per sqft).
- Rented since June 2015 on 6 Ejari contracts, from AED 87,000 to AED 72,000 a year.
- At AED 72,000 a year the gross yield on the 2022 price is 5.8%, before a service charge of about AED 15,900 a year (AED 20.62 per sqft).
- One-beds in Reehan 1 sold for AED 16,224–29,371 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 11 April 2022.
Questions about 505, Reehan 1
What did unit 505 last sell for?
AED 1,250,000 on 11 April 2022: AED 1,617 per sqft for 773 sqft. The unit has 5 registered sales; the first was AED 2,331,700 in August 2010.
What is the rent for unit 505?
AED 72,000 a year on the contract signed on 10 July 2020. The previous contract, from March 2018, was AED 110,000; the unit has been rented since June 2015.
How big is unit 505?
773 sqft (71.8 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2006.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reehan 1 sold for AED 16,224 to 29,371 in the last 12 months, around AED 27 per sqft.
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Mortgage on 505, Reehan 1
Starts from the last sale price (AED 1.25M, 11 April 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 1,250,000
- Deposit, UAE resident (20%)
- AED 250,000
- Deposit, non-resident (40%)
- AED 500,000
- Monthly over 25 years at 3.7%
- AED 5,114
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →