1-bed · 785 sqftReehan 2, The Old Town · 3rd floor · completed 2006

301, Reehan 2

Sold prices and rental history: sold twice, last in January 2020, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 27 January 2020
Last soldAED 1M27 January 2020
Current rentAED 85K /yr17 November 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 301, Reehan 2

What is 301 worth today?

Last sold for AED 1,000,000 in 2020

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27 Jan 2020SoldReady
AED 1,000,000AED 1,273 per sqft
17 Nov 2018RentedRenewal
AED 85,000/yr12 months · AED 108 per sqft
17 Nov 2017RentedNew contract
AED 85,000/yr12 months · AED 108 per sqft
19 Sep 2014RentedNew contract
AED 105,000/yr12 months · AED 134 per sqft
26 Jul 2010Sold by developerReady
AED 974,888AED 1,241 per sqft

Source: Dubai Land Department. Updated 27 January 2020.

Key facts

Type
1-bed apartment
Size
785 sqft
Floor
3rd of 3
Parking
B-1040
Developer
Emaar
Completed
2006
Service charge
AED 16,200 /yr
Last sold
AED 1M · January 2020
Building
Reehan 2

About 301, Reehan 2

301 is a one-bedroom apartment of 785 sqft on the 3rd floor of Reehan 2, a 3-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 27 January 2020 for AED 1,000,000, or AED 1,273 per sqft.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 17 November 2018, is AED 85,000 a year: a gross yield of 8.5% on the 2020 price, before the service charge of about AED 16,200 a year.

Sales and rents for 301 over time

Sales
Unit 301, each saleTypical one-bed in Reehan 2
1M1.2M2009201220152018Typical sale price by year: 2009 AED 1,197,888; 2010 AED 1,260,000Sold by developer, July 2010: AED 974,888 (AED 1,241 per sqft)Sold, January 2020: AED 1,000,000 (AED 1,273 per sqft)

301 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 301, each contractTypical one-bed in Reehan 2
75K100K125K2013201720212025Typical rent by year: 2013 AED 108,000; 2014 AED 114,000; 2015 AED 115,500; 2017 AED 100,000; 2018 AED 95,000; 2019 AED 85,000; 2020 AED 76,500; 2021 AED 76,500; 2022 AED 83,000; 2023 AED 105,000; 2024 AED 108,750; 2025 AED 130,000; 2026 AED 113,750New contract, September 2014: AED 105,000 a yearNew contract, November 2017: AED 85,000 a yearRenewal, November 2018: AED 85,000 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 2, and where 301 sits

All 16 1-beds →

Over the last 12 months one-beds sold for AED 26,270, around AED 32 per sqft, and rent for AED 82,000 to 150,000 a year. 301's AED 85,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
31 Jul 202626,270
8 Jan 20252,100,000
12 Dec 20241,710,000
4 Sep 20241,850,000
1 1-bed sale 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 3rd floor

All 38 units in Reehan 2
Value
3021-bedAED 1.6M · Oct 2023
3032-bedAED 1.62M · Jul 2010
3042-bedAED 2.45M · Jul 2018
3053-bedAED 3.91M · Nov 2016
3061-bedAED 1.35M · Jan 2019
3071-bedAED 670K · May 2010
3082-bedAED 863K · Dec 2009
1–7 of 10

301, Reehan 2 in numbers

  • Sold twice: first on 26 July 2010 for AED 974,888, last on 27 January 2020 for AED 1,000,000 (AED 1,273 per sqft).
  • Rented since September 2014 on 3 Ejari contracts, from AED 105,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2020 price is 8.5%, before a service charge of about AED 16,200 a year (AED 20.62 per sqft).
  • One-beds in Reehan 2 sold for AED 26,270–26,270 in the 12 months to November 2026; the building's median across all types is AED 32 per sqft.

Source: Dubai Land Department. Updated 27 January 2020.

Questions about 301, Reehan 2

What did unit 301 last sell for?

AED 1,000,000 on 27 January 2020: AED 1,273 per sqft for 785 sqft. The unit has 2 registered sales; the first was AED 974,888 in July 2010.

What is the rent for unit 301?

AED 85,000 a year on the contract renewed on 17 November 2018. The previous contract, from November 2017, was AED 85,000; the unit has been rented since September 2014.

How big is unit 301?

785 sqft (72.9 sqm): a one-bedroom apartment on the 3rd floor of a 3-storey tower completed in 2006.

What is unit 301 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reehan 2 sold for AED 26,270 to 26,270 in the last 12 months, around AED 32 per sqft.

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Mortgage on 301, Reehan 2

Starts from the last sale price (AED 1M, 27 January 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,000,000
Deposit, UAE resident (20%)
AED 200,000
Deposit, non-resident (40%)
AED 400,000
Monthly over 25 years at 3.7%
AED 4,091

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