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2-bed · 1,895 sqftReehan 2, The Old Town · 3rd floor · completed 2006

309, Reehan 2

Sold prices and rental history: sold 3 times, last in March 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 309 · DLD and Ejari recordsUpdated 27 March 2018
Last soldAED 4M27 March 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 309, Reehan 2

What is 309 worth today?

Last sold for AED 4,000,000 in 2018

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27 Mar 2018SoldReady
AED 4,000,000AED 2,110 per sqft
29 Oct 2014SoldReady
AED 4,800,000AED 2,532 per sqft
18 May 2011Sold by developerReady
AED 1,119,944AED 591 per sqft

Source: Dubai Land Department. Updated 27 March 2018.

Key facts

Type
2-bed apartment
Size
1,895 sqft
Floor
3rd of 3
Parking
B-2341-2340
Developer
Emaar
Completed
2006
Service charge
AED 39,100 /yr
Last sold
AED 4M · March 2018
Building
Reehan 2

About 309, Reehan 2

309 is a two-bedroom apartment of 1,895 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 March 2018 for AED 4,000,000, or AED 2,110 per sqft, 10% above the AED 1,919 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 309 over time

Sales
Unit 309, each saleTypical two-bed in Reehan 2
2M4M201020132016Typical sale price by year: 2010 AED 1,800,000; 2012 AED 2,050,000; 2014 AED 3,250,000Sold by developer, May 2011: AED 1,119,944 (AED 591 per sqft)Sold, October 2014: AED 4,800,000 (AED 2,532 per sqft)Sold, March 2018: AED 4,000,000 (AED 2,110 per sqft)

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

Rents
Unit 309, each contractTypical two-bed in Reehan 2
100K150K2014201820222026Typical 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 175,000

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 309 sits

All 15 2-beds →

309 last sold in March 2018 at AED 2,110 per sqft, 10% above what two-beds in Reehan 2 were fetching at the time (AED 1,919).

Recent 2-bed salesUnit no.Price (AED)Summary
31 May 20245,700,000
10 May 20242,800,000
15 Sep 20232,600,000
16 Dec 20222,950,000
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 3rd floor

All 38 units in Reehan 2
Value
3011-bedAED 1M · Jan 2020
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
1–7 of 10

309, Reehan 2 in numbers

  • Sold 3 times: first on 18 May 2011 for AED 1,119,944, last on 27 March 2018 for AED 4,000,000 (AED 2,110 per sqft).

Source: Dubai Land Department. Updated 27 March 2018.

Questions about 309, Reehan 2

What did unit 309 last sell for?

AED 4,000,000 on 27 March 2018: AED 2,110 per sqft for 1,895 sqft. The unit has 3 registered sales; the first was AED 1,119,944 in May 2011.

How big is unit 309?

1,895 sqft (176.1 sqm): a two-bedroom apartment on the 3rd floor of a 3-storey tower completed in 2006.

What is unit 309 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 309, Reehan 2

Starts from the last sale price (AED 4M, 27 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 4,000,000
Deposit, UAE resident (20%)
AED 800,000
Deposit, non-resident (40%)
AED 1,600,000
Monthly over 25 years at 3.7%
AED 16,365

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