506, Reehan 1
Sold prices and rental history: sold twice, last in January 2026, and rented continuously since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Reehan 1
What is 506 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 14 January 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,258 sqft
- Floor
- 5th of 9
- Parking
- B-2223
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 25,900 /yr
- Last sold
- AED 2.96M · January 2026
- Building
- Reehan 1
About 506, Reehan 1
506 is a two-bedroom apartment of 1,258 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 14 January 2026 for AED 2,958,000, or AED 2,351 per sqft, in line with the AED 2,308 two-beds in the building were fetching at the time.
It has been rented continuously since 2016 on 9 Ejari contracts. The current contract, renewed on 26 August 2024, is AED 133,100 a year: a gross yield of 4.5% on the 2026 price, before the service charge of about AED 25,900 a year.
Sales and rents for 506 over time
506 has sold twice; 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 506 sits
All 42 2-beds →506 last sold in January 2026 at AED 2,351 per sqft, in line with what two-beds in Reehan 1 were fetching at the time (AED 2,308). 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. 506's AED 133,100 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 | ||
| 10 Jul 202510 July 2025 | 1,258 sqft | 2,850,000 | 2,265 | ||
| 6 May 20256 May 2025 | 2,416 sqft | 4,100,000 | 1,696 |
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 | |
| 505 | 1-bed | 773 sqft | AED 1.25MAED 1,250,000 · Apr 2022April 2022 | 72,000 /yr | |
| 507 | 2-bed | 1,405 sqft | AED 3.35MAED 3,350,000 · Sep 2026September 2026 | 105,000 /yr |
506, Reehan 1 in numbers
- Sold twice: first on 26 October 2015 for AED 3,000,726, last on 14 January 2026 for AED 2,958,000 (AED 2,351 per sqft).
- Rented since September 2016 on 9 Ejari contracts. The rent fell from AED 150,000 to AED 105,000 in 2021 and recovered to AED 133,100 by August 2024.
- At AED 133,100 a year the gross yield on the 2026 price is 4.5%, 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 14 January 2026.
Questions about 506, Reehan 1
What did unit 506 last sell for?
AED 2,958,000 on 14 January 2026: AED 2,351 per sqft for 1,258 sqft. The unit has 2 registered sales; the first was AED 3,000,726 in October 2015.
What is the rent for unit 506?
AED 133,100 a year on the contract renewed on 26 August 2024. The previous contract, from August 2023, was AED 121,000; the unit has been rented since September 2016.
How big is unit 506?
1,258 sqft (116.9 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2006.
What is unit 506 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.
Selling 506? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 506, Reehan 1
Starts from the last sale price (AED 2.96M, 14 January 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 2,958,000
- Deposit, UAE resident (20%)
- AED 591,600
- Deposit, non-resident (40%)
- AED 1,183,200
- Monthly over 25 years at 3.7%
- AED 12,102
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →