701, Reehan 1
Sold prices and rental history: sold twice, last in January 2017, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 701, Reehan 1
What is 701 worth today?
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Source: Dubai Land Department. Updated 1 May 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,354 sqft
- Floor
- 7th of 9
- Parking
- B-2190
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 27,900 /yr
- Last sold
- AED 2.7M · January 2017
- Building
- Reehan 1
About 701, Reehan 1
701 is a two-bedroom apartment of 1,354 sqft on the 7th floor of Reehan 1, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 10 January 2017 for AED 2,700,000, or AED 1,994 per sqft, 7% above the AED 1,868 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 17 Ejari contracts. The current contract, renewed on 1 May 2025, is AED 164,000 a year: a gross yield of 6.1% on the 2017 price, before the service charge of about AED 27,900 a year.
Sales and rents for 701 over time
701 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 701 sits
All 42 2-beds →701 last sold in January 2017 at AED 1,994 per sqft, 7% above what two-beds in Reehan 1 were fetching at the time (AED 1,868). 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. 701's AED 164,000 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 7th floor
All 63 units in Reehan 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 702 | 2-bed | 1,517 sqft | AED 4.28MAED 4,275,000 · Feb 2025February 2025 | 121,275 /yr | |
| 703 | 2-bed | 1,221 sqft | AED 2.72MAED 2,720,000 · May 2024May 2024 | 178,000 /yr | |
| 704 | 1-bed | 826 sqft | AED 1.84MAED 1,837,888 · Aug 2014August 2014 | 89,380 /yr | |
| 705 | 1-bed | 773 sqft | AED 950KAED 950,000 · Sep 2019September 2019 | 82,000 /yr | |
| 706 | 2-bed | 1,258 sqft | AED 2.5MAED 2,500,000 · Mar 2016March 2016 | 168,000 /yr |
701, Reehan 1 in numbers
- Sold twice: first on 30 December 2009 for AED 1,022,944, last on 10 January 2017 for AED 2,700,000 (AED 1,994 per sqft).
- Rented since March 2013 on 17 Ejari contracts, from AED 130,000 to AED 164,000 a year.
- At AED 164,000 a year the gross yield on the 2017 price is 6.1%, before a service charge of about AED 27,900 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 1 May 2025.
Questions about 701, Reehan 1
What did unit 701 last sell for?
AED 2,700,000 on 10 January 2017: AED 1,994 per sqft for 1,354 sqft. The unit has 2 registered sales; the first was AED 1,022,944 in December 2009.
What is the rent for unit 701?
AED 164,000 a year on the contract renewed on 1 May 2025. The previous contract, from May 2025, was AED 164,000; the unit has been rented since March 2013.
How big is unit 701?
1,354 sqft (125.8 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2006.
What is unit 701 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 701, Reehan 1
Starts from the last sale price (AED 2.7M, 10 January 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 2,700,000
- Deposit, UAE resident (20%)
- AED 540,000
- Deposit, non-resident (40%)
- AED 1,080,000
- Monthly over 25 years at 3.7%
- AED 11,047
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →