2-bed · 1,412 sqftReehan 2, The Old Town · 1st floor · completed 2006

104, Reehan 2

Sold prices and rental history: sold 3 times, last in May 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 104 · DLD and Ejari recordsUpdated 10 May 2024
Last soldAED 2.8M10 May 2024
Current rentAED 140K /yr1 June 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 104, Reehan 2

What is 104 worth today?

Last sold for AED 2,800,000 in 2024

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10 May 2024SoldReady
AED 2,800,000AED 1,982 per sqft
1 Jun 2019RentedNew contract
AED 140,000/yr12 months · AED 99 per sqft
1 Jun 2018RentedRenewal
AED 165,000/yr12 months · AED 117 per sqft
1 Jun 2017RentedNew contract
AED 165,000/yr12 months · AED 117 per sqft
4 May 2016RentedRenewal
AED 190,000/yr6 months · AED 135 per sqft
4 May 2015RentedRenewal
AED 205,000/yr12 months · AED 145 per sqft
4 May 2014RentedNew contract
AED 190,000/yr12 months · AED 135 per sqft
4 Dec 2012SoldReady
AED 2,490,000AED 1,763 per sqft

Source: Dubai Land Department. Updated 10 May 2024.

Key facts

Type
2-bed apartment
Size
1,412 sqft
Floor
1st of 3
Parking
B-2328
Developer
Emaar
Completed
2006
Service charge
AED 29,100 /yr
Last sold
AED 2.8M · May 2024
Building
Reehan 2

About 104, Reehan 2

104 is a two-bedroom apartment of 1,412 sqft on the 1st floor of Reehan 2, a 3-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 10 May 2024 for AED 2,800,000, or AED 1,982 per sqft.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 1 June 2019, is AED 140,000 a year: a gross yield of 5.0% on the 2024 price, before the service charge of about AED 29,100 a year.

Sales and rents for 104 over time

Sales
Unit 104, each saleTypical two-bed in Reehan 2
2M3M2010201420182022Typical sale price by year: 2010 AED 1,800,000; 2012 AED 2,050,000; 2014 AED 3,250,000Sold by developer, August 2010: AED 3,000,000 (AED 2,124 per sqft)Sold, December 2012: AED 2,490,000 (AED 1,763 per sqft)Sold, May 2024: AED 2,800,000 (AED 1,982 per sqft)

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

Rents
Unit 104, each contractTypical two-bed in Reehan 2
100K150K200K2014201820222026Typical rent by year: 2014 AED 170,000; 2015 AED 170,000; 2016 AED 167,500; 2017 AED 155,500; 2018 AED 160,000; 2019 AED 130,000; 2020 AED 112,500; 2021 AED 110,000; 2022 AED 135,000; 2023 AED 157,500; 2024 AED 175,000; 2025 AED 175,000; 2026 AED 175,000New contract, May 2014: AED 190,000 a yearRenewal, May 2015: AED 205,000 a yearRenewal, May 2016: AED 190,000 a yearNew contract, June 2017: AED 165,000 a yearRenewal, June 2018: AED 165,000 a yearNew contract, June 2019: AED 140,000 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 2, and where 104 sits

All 15 2-beds →

104's AED 140,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 May 20245,700,000
15 Sep 20232,600,000
16 Dec 20222,950,000
26 Jan 20221,703,692
0 2-bed sales in the last 12 months

Reehan 2

Building

38 apartments, studios to 3-bed over 3 floors in The Old Town, completed in 2006 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 32
Typical sale
AED 26K
Typical rent
AED 128K /yr
Typical yield
384.2%
Reehan 2, The Old Town: prices, sales and rents →

Other units on the 1st floor

All 38 units in Reehan 2
Value
1011-bedAED 1.85M · Sep 2024
1021-bedAED 26K · Jul 2026
1032-bedAED 2.5M · Jun 2017
1053-bedAED 2.75M · Aug 2015
1061-bedAED 2.38M · Oct 2015
1071-bedAED 1.31M · Aug 2010
1082-bedAED 2.05M · Jul 2012
1–7 of 10

104, Reehan 2 in numbers

  • Sold 3 times: first on 12 August 2010 for AED 3,000,000, last on 10 May 2024 for AED 2,800,000 (AED 1,982 per sqft).
  • Rented since May 2014 on 6 Ejari contracts, from AED 190,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2024 price is 5.0%, before a service charge of about AED 29,100 a year (AED 20.62 per sqft).

Source: Dubai Land Department. Updated 10 May 2024.

Questions about 104, Reehan 2

What did unit 104 last sell for?

AED 2,800,000 on 10 May 2024: AED 1,982 per sqft for 1,412 sqft. The unit has 3 registered sales; the first was AED 3,000,000 in August 2010.

What is the rent for unit 104?

AED 140,000 a year on the contract signed on 1 June 2019. The previous contract, from June 2018, was AED 165,000; the unit has been rented since May 2014.

How big is unit 104?

1,412 sqft (131.2 sqm): a two-bedroom apartment on the 1st floor of a 3-storey tower completed in 2006.

What is unit 104 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 104, Reehan 2

Starts from the last sale price (AED 2.8M, 10 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,800,000
Deposit, UAE resident (20%)
AED 560,000
Deposit, non-resident (40%)
AED 1,120,000
Monthly over 25 years at 3.7%
AED 11,456

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