3-bed · 2,155 sqftReehan 3, The Old Town · 1st floor · completed 2006

109, Reehan 3

Sold prices and rental history: sold 3 times, last in March 2021, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 109 · DLD and Ejari recordsUpdated 30 March 2021
Last soldAED 2.95M30 March 2021
Current rentAED 230K /yr27 December 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 109, Reehan 3

What is 109 worth today?

Last sold for AED 2,950,000 in 2021

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30 Mar 2021SoldReady
AED 2,950,000AED 1,368 per sqft
27 Dec 2019RentedRenewal
AED 230,000/yr12 months · AED 107 per sqft
27 Dec 2018RentedNew contract
AED 240,000/yr12 months · AED 111 per sqft
18 Aug 2016RentedNew contract
AED 270,000/yr12 months · AED 125 per sqft
31 May 2012SoldReady
AED 3,400,000AED 1,577 per sqft
24 May 2012Sold by developerReady
AED 3,222,232AED 1,495 per sqft

Source: Dubai Land Department. Updated 30 March 2021.

Key facts

Type
3-bed apartment
Size
2,155 sqft
Floor
1st of 4
Parking
B-2511-2518
Developer
Emaar
Completed
2006
Service charge
AED 44,400 /yr
Last sold
AED 2.95M · March 2021
Building
Reehan 3

About 109, Reehan 3

109 is a three-bedroom apartment of 2,155 sqft on the 1st floor of Reehan 3, a 4-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 30 March 2021 for AED 2,950,000, or AED 1,368 per sqft.

It has been rented since 2016 on 3 Ejari contracts. The current contract, renewed on 27 December 2019, is AED 230,000 a year: a gross yield of 7.8% on the 2021 price, before the service charge of about AED 44,400 a year.

Sales and rents for 109 over time

Sales
Unit 109, each saleTypical three-bed in Reehan 3
2.5M3M3.5M2010201320162019Typical sale price by year: 2010 AED 2,596,888; 2012 AED 3,311,116Sold, May 2012: AED 3,400,000 (AED 1,577 per sqft)Sold by developer, May 2012: AED 3,222,232 (AED 1,495 per sqft)Sold, March 2021: AED 2,950,000 (AED 1,368 per sqft)

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

Rents
Unit 109, each contractTypical three-bed in Reehan 3
200K2013201720212025Typical rent by year: 2013 AED 218,785; 2015 AED 270,000; 2016 AED 265,000; 2017 AED 240,000; 2018 AED 230,000; 2019 AED 230,000; 2020 AED 172,500; 2021 AED 155,000; 2022 AED 165,000; 2023 AED 260,000; 2024 AED 260,000; 2025 AED 245,000; 2026 AED 230,000New contract, August 2016: AED 270,000 a yearNew contract, December 2018: AED 240,000 a yearRenewal, December 2019: AED 230,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Reehan 3, and where 109 sits

All 8 3-beds →

Over the last 12 months three-beds sold for AED 5,750,000, around AED 2,662 per sqft, and rent for AED 220,000 to 285,000 a year. 109's AED 230,000 is in the lower half of that range.

Recent 3-bed salesUnit no.Price (AED)Summary
4 May 20265,750,000
14 Mar 20255,600,000
1 Oct 20184,900,000
3 Mar 20132,900,000
1 3-bed sale in the last 12 months

Reehan 3

Building

47 apartments, 1-bed to 3-bed over 4 floors in The Old Town, completed in 2006 by Emaar. 3 sold in the last 12 months.

Typical price per sqft
AED 2,662
Typical sale
AED 5.75M
Typical rent
AED 138K /yr
Typical yield
4.4%
Reehan 3, The Old Town: prices, sales and rents →

Other units on the 1st floor

All 47 units in Reehan 3
Value
1011-bedAED 1.73M · Jul 2015
1021-bedAED 31K · Jul 2026
1032-bedAED 1.6M · Jan 2009
1042-bedAED 2.15M · Jun 2022
1053-bedAED 2.9M · Mar 2013
1061-bedAED 1.7M · Oct 2009
1071-bedAED 1.99M · Jul 2010
1–7 of 10

109, Reehan 3 in numbers

  • Sold 3 times: first on 24 May 2012 for AED 3,222,232, last on 30 March 2021 for AED 2,950,000 (AED 1,368 per sqft).
  • Rented since August 2016 on 3 Ejari contracts, from AED 270,000 to AED 230,000 a year.
  • At AED 230,000 a year the gross yield on the 2021 price is 7.8%, before a service charge of about AED 44,400 a year (AED 20.62 per sqft).
  • Three-beds in Reehan 3 sold for AED 5,750,000–5,750,000 in the 12 months to November 2026; the building's median across all types is AED 2,662 per sqft.

Source: Dubai Land Department. Updated 30 March 2021.

Questions about 109, Reehan 3

What did unit 109 last sell for?

AED 2,950,000 on 30 March 2021: AED 1,368 per sqft for 2,155 sqft. The unit has 3 registered sales; the first was AED 3,222,232 in May 2012.

What is the rent for unit 109?

AED 230,000 a year on the contract renewed on 27 December 2019. The previous contract, from December 2018, was AED 240,000; the unit has been rented since August 2016.

How big is unit 109?

2,155 sqft (200.2 sqm): a three-bedroom apartment on the 1st floor of a 4-storey tower completed in 2006.

What is unit 109 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Three-beds in Reehan 3 sold for AED 5,750,000 to 5,750,000 in the last 12 months, around AED 2,662 per sqft.

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Mortgage on 109, Reehan 3

Starts from the last sale price (AED 2.95M, 30 March 2021). 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 →