1-bed · 773 sqftReehan 1, The Old Town · 8th floor · completed 2006

805, Reehan 1

Sold prices and rental history: sold 3 times, last in October 2022, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 805 · DLD and Ejari recordsUpdated 4 October 2022
Last soldAED 1.35M4 October 2022
Current rentAED 69K /yr1 September 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 805, Reehan 1

What is 805 worth today?

Last sold for AED 1,350,000 in 2022

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4 Oct 2022SoldReady
AED 1,350,000AED 1,746 per sqft
1 Sep 2021RentedRenewal
AED 69,000/yr12 months · AED 89 per sqft
1 Sep 2020RentedRenewal
AED 60,000/yr12 months · AED 77 per sqft
1 Sep 2019RentedNew contract
AED 65,000/yr12 months · AED 84 per sqft
13 Mar 2016RentedNew contract
AED 100,000/yr12 months · AED 129 per sqft
8 Jul 2014RentedNew contract
AED 95,000/yr12 months · AED 123 per sqft
12 Jun 2012SoldReady
AED 980,000AED 1,267 per sqft
27 Nov 2008Sold by developerReady
AED 902,888AED 1,168 per sqft

Source: Dubai Land Department. Updated 4 October 2022.

Key facts

Type
1-bed apartment
Size
773 sqft
Floor
8th of 9
Parking
B-2229
Developer
Emaar
Completed
2006
Service charge
AED 15,900 /yr
Last sold
AED 1.35M · October 2022
Building
Reehan 1

About 805, Reehan 1

805 is a one-bedroom apartment of 773 sqft on the 8th floor of Reehan 1, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 4 October 2022 for AED 1,350,000, or AED 1,746 per sqft, 11% above the AED 1,569 one-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 5 Ejari contracts. The current contract, renewed on 1 September 2021, is AED 69,000 a year: a gross yield of 5.1% on the 2022 price, before the service charge of about AED 15,900 a year.

Sales and rents for 805 over time

Sales
Unit 805, each saleTypical one-bed in Reehan 1
1M1.5M2008201320182023Typical sale price by year: 2008 AED 930,888; 2009 AED 970,888; 2010 AED 925,888; 2011 AED 1,012,500; 2022 AED 1,212,500; 2023 AED 1,480,000; 2024 AED 1,600,000Sold by developer, November 2008: AED 902,888 (AED 1,168 per sqft)Sold, June 2012: AED 980,000 (AED 1,267 per sqft)Sold, October 2022: AED 1,350,000 (AED 1,746 per sqft)

805 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 805, each contractTypical one-bed in Reehan 1
75K100K2013201720212025Typical rent by year: 2013 AED 85,000; 2014 AED 100,989; 2015 AED 99,752; 2016 AED 101,000; 2017 AED 105,000; 2018 AED 85,000; 2019 AED 74,000; 2020 AED 67,500; 2021 AED 66,000; 2022 AED 74,375; 2023 AED 84,725; 2024 AED 106,000; 2025 AED 110,000; 2026 AED 105,000New contract, July 2014: AED 95,000 a yearNew contract, March 2016: AED 100,000 a yearNew contract, September 2019: AED 65,000 a yearRenewal, September 2020: AED 60,000 a yearRenewal, September 2021: AED 69,000 a year

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 805 sits

All 18 1-beds →

805 last sold in October 2022 at AED 1,746 per sqft, 11% above what one-beds in Reehan 1 were fetching at the time (AED 1,569). 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. 805's AED 69,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
5 Aug 202616,224
30 Dec 202529,371
25 Jun 202551,687
17 Dec 202423,844
2 1-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 8th floor

All 63 units in Reehan 1
Value
8012-bedAED 2.85M · Oct 2023
8022-bedAED 2.1M · Mar 2021
8032-bedAED 2.72M · Aug 2010
8041-bedAED 1.8M · Feb 2024
8062-bedAED 1.85M · Feb 2022
8072-bedAED 2.52M · Sep 2022

805, Reehan 1 in numbers

  • Sold 3 times: first on 27 November 2008 for AED 902,888, last on 4 October 2022 for AED 1,350,000 (AED 1,746 per sqft).
  • Rented since July 2014 on 5 Ejari contracts. The rent fell from AED 95,000 to AED 60,000 in 2020 and recovered to AED 69,000 by September 2021.
  • At AED 69,000 a year the gross yield on the 2022 price is 5.1%, 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 4 October 2022.

Questions about 805, Reehan 1

What did unit 805 last sell for?

AED 1,350,000 on 4 October 2022: AED 1,746 per sqft for 773 sqft. The unit has 3 registered sales; the first was AED 902,888 in November 2008.

What is the rent for unit 805?

AED 69,000 a year on the contract renewed on 1 September 2021. The previous contract, from September 2020, was AED 60,000; the unit has been rented since July 2014.

How big is unit 805?

773 sqft (71.8 sqm): a one-bedroom apartment on the 8th floor of a 9-storey tower completed in 2006.

What is unit 805 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 805, Reehan 1

Starts from the last sale price (AED 1.35M, 4 October 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,350,000
Deposit, UAE resident (20%)
AED 270,000
Deposit, non-resident (40%)
AED 540,000
Monthly over 25 years at 3.7%
AED 5,523

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