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2-bed · 1,354 sqftReehan 2, The Old Town · Ground floor · completed 2006

G04, Reehan 2

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

Unit G04 · DLD and Ejari recordsUpdated 16 December 2022
Last soldAED 2.95M16 December 2022
Current rentAED 149K /yr15 June 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G04, Reehan 2

What is G04 worth today?

Last sold for AED 2,950,000 in 2022

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16 Dec 2022SoldReady
AED 2,950,000AED 2,178 per sqft
15 Jun 2022RentedRenewal
AED 148,750/yr12 months · AED 110 per sqft
15 Jun 2021RentedRenewal
AED 150,000/yr12 months · AED 111 per sqft
15 Jun 2020RentedRenewal
AED 175,000/yr12 months · AED 129 per sqft
15 Jun 2019RentedNew contract
AED 175,000/yr12 months · AED 129 per sqft
1 Nov 2018RentedNew contract
AED 167,000/yr12 months · AED 123 per sqft
14 May 2018RentedNew contract
AED 170,000/yr14 months · AED 125 per sqft
14 May 2018RentedNew contract · flagged as an outlier
AED 17,000/yr14 months · AED 13 per sqft

Source: Dubai Land Department. Updated 16 December 2022.

Key facts

Type
2-bed apartment
Size
1,354 sqft
Floor
Ground of 3
Parking
B-2206
Developer
Emaar
Completed
2006
Service charge
AED 27,900 /yr
Last sold
AED 2.95M · December 2022
Building
Reehan 2

About G04, Reehan 2

G04 is a two-bedroom apartment of 1,354 sqft on the ground floor of Reehan 2, a 3-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 16 December 2022 for AED 2,950,000, or AED 2,178 per sqft.

It has been rented continuously since 2014 on 9 Ejari contracts. The current contract, renewed on 15 June 2022, is AED 148,750 a year: a gross yield of 5.0% on the 2022 price, before the service charge of about AED 27,900 a year.

Sales and rents for G04 over time

Sales
Unit G04, 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 1,638,888 (AED 1,210 per sqft)Sold, October 2015: AED 3,450,000 (AED 2,548 per sqft)Sold, December 2022: AED 2,950,000 (AED 2,178 per sqft)

G04 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit G04, 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, August 2014: AED 190,000 a yearNew contract, January 2016: AED 160,000 a yearNew contract, May 2018: AED 170,000 a yearNew contract, November 2018: AED 167,000 a yearNew contract, June 2019: AED 175,000 a yearRenewal, June 2020: AED 175,000 a yearRenewal, June 2021: AED 150,000 a yearRenewal, June 2022: AED 148,750 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 G04 sits

All 15 2-beds →

G04's AED 148,750 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
31 May 20245,700,000
10 May 20242,800,000
15 Sep 20232,600,000
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 ground floor

All 38 units in Reehan 2
Value
G022-bedAED 2.28M · Apr 2017
G032-bedAED 1.8M · Nov 2010
G10StudioAED 1.33M · May 2023
G111-bedAED 2M · Dec 2022

G04, Reehan 2 in numbers

  • Sold 3 times: first on 30 August 2010 for AED 1,638,888, last on 16 December 2022 for AED 2,950,000 (AED 2,178 per sqft).
  • Rented since August 2014 on 9 Ejari contracts. The rent fell from AED 190,000 to AED 17,000 in 2018 and recovered to AED 148,750 by June 2022.
  • At AED 148,750 a year the gross yield on the 2022 price is 5.0%, before a service charge of about AED 27,900 a year (AED 20.62 per sqft).

Source: Dubai Land Department. Updated 16 December 2022.

Questions about G04, Reehan 2

What did unit G04 last sell for?

AED 2,950,000 on 16 December 2022: AED 2,178 per sqft for 1,354 sqft. The unit has 3 registered sales; the first was AED 1,638,888 in August 2010.

What is the rent for unit G04?

AED 148,750 a year on the contract renewed on 15 June 2022. The previous contract, from June 2021, was AED 150,000; the unit has been rented since August 2014.

How big is unit G04?

1,354 sqft (125.8 sqm): a two-bedroom apartment on the ground floor of a 3-storey tower completed in 2006.

What is unit G04 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 G04, Reehan 2

Starts from the last sale price (AED 2.95M, 16 December 2022). Switch to today's estimate once you have unlocked it.
Price
AED 2,950,000
Deposit, UAE resident (20%)
AED 590,000
Deposit, non-resident (40%)
AED 1,180,000
Monthly over 25 years at 3.7%
AED 12,069

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