2-bed · 1,405 sqftReehan 1, The Old Town · 8th floor · completed 2006

807, Reehan 1

Sold prices and rental history: sold 3 times, last in September 2022, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 807 · DLD and Ejari recordsUpdated 12 September 2022
Last soldAED 2.52M12 September 2022
Current rentAED 115K /yr6 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 807, Reehan 1

What is 807 worth today?

Last sold for AED 2,520,000 in 2022

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12 Sep 2022SoldReady
AED 2,520,000AED 1,793 per sqft
18 Oct 2020SoldReady
AED 1,800,000AED 1,281 per sqft
6 Sep 2019RentedNew contract
AED 115,000/yr12 months · AED 82 per sqft
1 Aug 2017RentedNew contract
AED 157,500/yr12 months · AED 112 per sqft
15 Feb 2017RentedRenewal
AED 157,500/yr12 months · AED 112 per sqft
15 Feb 2016RentedRenewal
AED 157,500/yr12 months · AED 112 per sqft
15 Feb 2015RentedNew contract
AED 157,500/yr12 months · AED 112 per sqft
15 Feb 2014RentedNew contract
AED 150,000/yr12 months · AED 106 per sqft

Source: Dubai Land Department. Updated 12 September 2022.

Key facts

Type
2-bed apartment
Size
1,405 sqft
Floor
8th of 9
Parking
B-2096
Developer
Emaar
Completed
2006
Service charge
AED 29,000 /yr
Last sold
AED 2.52M · September 2022
Building
Reehan 1

About 807, Reehan 1

807 is a two-bedroom apartment of 1,405 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 12 September 2022 for AED 2,520,000, or AED 1,793 per sqft, 7% above the AED 1,680 two-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 7 Ejari contracts. The current contract, signed on 6 September 2019, is AED 115,000 a year: a gross yield of 4.6% on the 2022 price, before the service charge of about AED 29,000 a year.

Sales and rents for 807 over time

Sales
Unit 807, each saleTypical two-bed in Reehan 1
2M3M4M2009201420192024Typical sale price by year: 2009 AED 1,583,888; 2010 AED 2,075,888; 2011 AED 1,760,000; 2012 AED 2,487,944; 2013 AED 2,775,000; 2014 AED 2,850,000; 2015 AED 2,800,000; 2016 AED 2,425,000; 2017 AED 2,700,000; 2019 AED 1,587,500; 2020 AED 1,750,000; 2021 AED 2,000,000; 2022 AED 2,350,000; 2023 AED 2,400,000; 2024 AED 2,720,000; 2025 AED 3,785,000; 2026 AED 3,340,000Sold by developer, August 2010: AED 2,128,888 (AED 1,515 per sqft)Sold, October 2020: AED 1,800,000 (AED 1,281 per sqft)Sold, September 2022: AED 2,520,000 (AED 1,793 per sqft)

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

Rents
Unit 807, each contractTypical two-bed in Reehan 1
150K2012201620202024Typical rent by year: 2012 AED 115,000; 2013 AED 141,176; 2014 AED 165,000; 2015 AED 157,500; 2016 AED 167,000; 2017 AED 147,500; 2018 AED 131,000; 2019 AED 118,000; 2020 AED 119,000; 2021 AED 112,500; 2022 AED 129,820; 2023 AED 150,000; 2024 AED 175,000; 2025 AED 180,000; 2026 AED 166,500New contract, February 2013: AED 150,000 a yearNew contract, February 2014: AED 150,000 a yearNew contract, February 2015: AED 157,500 a yearRenewal, February 2016: AED 157,500 a yearRenewal, February 2017: AED 157,500 a yearNew contract, August 2017: AED 157,500 a yearNew contract, September 2019: AED 115,000 a year

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 807 sits

All 42 2-beds →

807 last sold in September 2022 at AED 1,793 per sqft, 7% above what two-beds in Reehan 1 were fetching at the time (AED 1,680). 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. 807's AED 115,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
9 Sep 20263,350,000
24 Jun 20263,340,000
14 Jan 20262,958,000
10 Jul 20252,850,000
3 2-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
8051-bedAED 1.35M · Oct 2022
8062-bedAED 1.85M · Feb 2022

807, Reehan 1 in numbers

  • Sold 3 times: first on 11 August 2010 for AED 2,128,888, last on 12 September 2022 for AED 2,520,000 (AED 1,793 per sqft).
  • Rented since February 2013 on 7 Ejari contracts, from AED 150,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2022 price is 4.6%, before a service charge of about AED 29,000 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 12 September 2022.

Questions about 807, Reehan 1

What did unit 807 last sell for?

AED 2,520,000 on 12 September 2022: AED 1,793 per sqft for 1,405 sqft. The unit has 3 registered sales; the first was AED 2,128,888 in August 2010.

What is the rent for unit 807?

AED 115,000 a year on the contract signed on 6 September 2019. The previous contract, from August 2017, was AED 157,500; the unit has been rented since February 2013.

How big is unit 807?

1,405 sqft (130.5 sqm): a two-bedroom apartment on the 8th floor of a 9-storey tower completed in 2006.

What is unit 807 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 807, Reehan 1

Starts from the last sale price (AED 2.52M, 12 September 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,520,000
Deposit, UAE resident (20%)
AED 504,000
Deposit, non-resident (40%)
AED 1,008,000
Monthly over 25 years at 3.7%
AED 10,310

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