1-bed · 1,014 sqftReehan 3, The Old Town · 2nd floor · completed 2006

207, Reehan 3

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 207 · DLD and Ejari recordsUpdated 10 August 2024
Last soldAED 2M27 May 2024
Current rentAED 138K /yr10 August 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 207, Reehan 3

What is 207 worth today?

Last sold for AED 2,000,000 in 2024

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10 Aug 2024RentedNew contract
AED 137,500/yr12 months · AED 136 per sqft
27 May 2024SoldReady
AED 2,000,000AED 1,972 per sqft
15 Oct 2022RentedNew contract
AED 115,000/yr12 months · AED 114 per sqft
10 Oct 2021RentedNew contract
AED 85,000/yr12 months · AED 84 per sqft
1 Oct 2017SoldReady
AED 1,750,000AED 1,725 per sqft
5 Jun 2016RentedRenewal
AED 125,000/yr12 months · AED 124 per sqft
5 Jun 2015RentedNew contract
AED 125,000/yr12 months · AED 124 per sqft
16 Feb 2014RentedNew contract
AED 105,000/yr12 months · AED 104 per sqft

Source: Dubai Land Department. Updated 10 August 2024.

Key facts

Type
1-bed apartment
Size
1,014 sqft
Floor
2nd of 4
Parking
B-2177
Developer
Emaar
Completed
2006
Service charge
AED 20,900 /yr
Last sold
AED 2M · May 2024
Building
Reehan 3

About 207, Reehan 3

207 is a one-bedroom apartment of 1,014 sqft on the 2nd floor of Reehan 3, a 4-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 27 May 2024 for AED 2,000,000, or AED 1,972 per sqft.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, signed on 10 August 2024, is AED 137,500 a year: a gross yield of 6.9% on the 2024 price, before the service charge of about AED 20,900 a year.

Sales and rents for 207 over time

Sales
Unit 207, each saleTypical one-bed in Reehan 3
1M1.5M2M20092013201720212025Typical sale price by year: 2009 AED 1,259,888; 2010 AED 1,274,888; 2011 AED 910,000; 2015 AED 1,740,000; 2021 AED 1,400,000; 2024 AED 2,000,000Sold by developer, February 2012: AED 1,888,640 (AED 1,862 per sqft)Sold, October 2017: AED 1,750,000 (AED 1,725 per sqft)Sold, May 2024: AED 2,000,000 (AED 1,972 per sqft)

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

Rents
Unit 207, each contractTypical one-bed in Reehan 3
100K2013201720212025Typical rent by year: 2013 AED 105,000; 2014 AED 105,000; 2015 AED 125,000; 2016 AED 127,500; 2017 AED 105,000; 2018 AED 110,000; 2019 AED 94,000; 2020 AED 85,000; 2021 AED 80,000; 2022 AED 90,000; 2023 AED 92,500; 2024 AED 115,000; 2025 AED 116,000; 2026 AED 112,750New contract, February 2014: AED 105,000 a yearNew contract, June 2015: AED 125,000 a yearRenewal, June 2016: AED 125,000 a yearNew contract, October 2021: AED 85,000 a yearNew contract, October 2022: AED 115,000 a yearNew contract, August 2024: AED 137,500 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 3, and where 207 sits

All 19 1-beds →

Over the last 12 months one-beds sold for AED 30,521 to 49,282, around AED 49 per sqft, and rent for AED 90,000 to 135,000 a year. 207's AED 137,500 is at the top of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
27 Jul 202630,521
12 Jan 202649,282
9 Jul 20251,800,000
15 Nov 20242,300,000
2 1-bed sales 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 2nd floor

All 47 units in Reehan 3
Value
2011-bedAED 1.75M · Apr 2016
2021-bedAED 965K · Jul 2010
2032-bedAED 2.3M · Sep 2018
2042-bedAED 1.78M · Apr 2011
2053-bedAED 2.6M · May 2010
2061-bedAED 1.3M · Dec 2020
2082-bedAED 3M · Feb 2024
1–7 of 10

207, Reehan 3 in numbers

  • Sold 3 times: first on 29 February 2012 for AED 1,888,640, last on 27 May 2024 for AED 2,000,000 (AED 1,972 per sqft).
  • Rented since February 2014 on 6 Ejari contracts. The rent fell from AED 105,000 to AED 85,000 in 2021 and recovered to AED 137,500 by August 2024.
  • At AED 137,500 a year the gross yield on the 2024 price is 6.9%, before a service charge of about AED 20,900 a year (AED 20.62 per sqft).
  • One-beds in Reehan 3 sold for AED 30,521–49,282 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 10 August 2024.

Questions about 207, Reehan 3

What did unit 207 last sell for?

AED 2,000,000 on 27 May 2024: AED 1,972 per sqft for 1,014 sqft. The unit has 3 registered sales; the first was AED 1,888,640 in February 2012.

What is the rent for unit 207?

AED 137,500 a year on the contract signed on 10 August 2024. The previous contract, from October 2022, was AED 115,000; the unit has been rented since February 2014.

How big is unit 207?

1,014 sqft (94.2 sqm): a one-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2006.

What is unit 207 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reehan 3 sold for AED 30,521 to 49,282 in the last 12 months, around AED 49 per sqft.

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Mortgage on 207, Reehan 3

Starts from the last sale price (AED 2M, 27 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,000,000
Deposit, UAE resident (20%)
AED 400,000
Deposit, non-resident (40%)
AED 800,000
Monthly over 25 years at 3.7%
AED 8,183

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