Home
Dubai prices
About
Research
2-bed · 2,317 sqftReehan 3, The Old Town · Ground floor · completed 2006

G03, Reehan 3

Sold prices and rental history: sold 3 times, last in December 2023, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G03 · DLD and Ejari recordsUpdated 5 December 2023
Last soldAED 3.95M5 December 2023
Current rentAED 130K /yr18 January 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow G03

Property timeline for G03, Reehan 3

What is G03 worth today?

Last sold for AED 3,950,000 in 2023

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Dec 2023SoldReady
AED 3,950,000AED 1,704 per sqft
18 Jan 2023RentedNew contract
AED 129,751/yr9 months · AED 97 per sqft
18 Jan 2022RentedRenewal
AED 130,000/yr12 months · AED 97 per sqft
18 Jan 2021RentedRenewal
AED 130,000/yr12 months · AED 97 per sqft
18 Jan 2020RentedNew contract
AED 140,000/yr12 months · AED 105 per sqft
30 Nov 2018RentedNew contract
AED 150,000/yr12 months · AED 112 per sqft
29 Sep 2017RentedNew contract
AED 185,000/yr12 months · AED 139 per sqft
23 Oct 2015RentedNew contract
AED 210,000/yr12 months · AED 157 per sqft

Source: Dubai Land Department. Updated 5 December 2023.

Key facts

Type
2-bed apartment
Size
2,317 sqft
Floor
Ground of 4
Parking
B-2304
Developer
Emaar
Completed
2006
Service charge
AED 47,800 /yr
Last sold
AED 3.95M · December 2023
Building
Reehan 3

About G03, Reehan 3

G03 is a two-bedroom apartment of 2,317 sqft on the ground floor of Reehan 3, a 4-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 5 December 2023 for AED 3,950,000, or AED 1,704 per sqft.

It has been rented continuously since 2011 on 8 Ejari contracts. The current contract, signed on 18 January 2023, is AED 129,751 a year: a gross yield of 3.3% on the 2023 price, before the service charge of about AED 47,800 a year.

Sales and rents for G03 over time

Sales
Unit G03, each saleTypical two-bed in Reehan 3
2M4M2009201320172021Typical sale price by year: 2009 AED 1,598,888; 2010 AED 1,854,888; 2011 AED 1,725,888; 2012 AED 1,875,000; 2013 AED 3,250,000; 2021 AED 2,237,500Sold by developer, August 2009: AED 1,717,888 (AED 1,287 per sqft)Sold, September 2013: AED 3,400,000 (AED 2,548 per sqft)Sold, December 2023: AED 3,950,000 (AED 1,704 per sqft)

G03 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit G03, each contractTypical two-bed in Reehan 3
100K150K200K20112015201920232027Typical rent by year: 2013 AED 152,500; 2014 AED 155,000; 2015 AED 165,000; 2016 AED 165,000; 2017 AED 164,543; 2018 AED 137,500; 2019 AED 125,000; 2020 AED 108,500; 2021 AED 105,000; 2022 AED 130,000; 2023 AED 157,500; 2024 AED 170,000; 2025 AED 170,000; 2026 AED 156,000New contract, November 2011: AED 120,000 a yearNew contract, October 2015: AED 210,000 a yearNew contract, September 2017: AED 185,000 a yearNew contract, November 2018: AED 150,000 a yearNew contract, January 2020: AED 140,000 a yearRenewal, January 2021: AED 130,000 a yearRenewal, January 2022: AED 130,000 a yearNew contract, January 2023: AED 129,751 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 3, and where G03 sits

All 20 2-beds →

G03's AED 129,751 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
6 Feb 20243,000,000
16 Nov 20232,600,000
29 Jun 20222,150,000
3 Mar 20222,500,000
0 2-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 ground floor

All 47 units in Reehan 3
Value
G022-bedAED 1.72M · Dec 2018
G042-bedAED 3.25M · Apr 2013
G053-bedAED 4.9M · Oct 2018
G061-bedAED 1.75M · Jul 2019
G071-bedAED 2.03M · Nov 2021
G082-bedAED 2.45M · Sep 2012
G091-bedAED 1.35M · Feb 2011
1–7 of 8

G03, Reehan 3 in numbers

  • Sold 3 times: first on 5 August 2009 for AED 1,717,888, last on 5 December 2023 for AED 3,950,000 (AED 1,704 per sqft).
  • Rented since November 2011 on 8 Ejari contracts, from AED 120,000 to AED 129,751 a year.
  • At AED 129,751 a year the gross yield on the 2023 price is 3.3%, before a service charge of about AED 47,800 a year (AED 20.62 per sqft).

Source: Dubai Land Department. Updated 5 December 2023.

Questions about G03, Reehan 3

What did unit G03 last sell for?

AED 3,950,000 on 5 December 2023: AED 1,704 per sqft for 2,317 sqft. The unit has 3 registered sales; the first was AED 1,717,888 in August 2009.

What is the rent for unit G03?

AED 129,751 a year on the contract signed on 18 January 2023. The previous contract, from January 2022, was AED 130,000; the unit has been rented since November 2011.

How big is unit G03?

2,317 sqft (215.3 sqm): a two-bedroom apartment on the ground floor of a 4-storey tower completed in 2006.

What is unit G03 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

Selling G03? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on G03, Reehan 3

Starts from the last sale price (AED 3.95M, 5 December 2023). Switch to today's estimate once you have unlocked it.
Price
AED 3,950,000
Deposit, UAE resident (20%)
AED 790,000
Deposit, non-resident (40%)
AED 1,580,000
Monthly over 25 years at 3.7%
AED 16,161

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