1-bed · 994 sqftReehan 4, The Old Town · 3rd floor · completed 2006

308, Reehan 4

Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 308 · DLD and Ejari recordsUpdated 4 September 2024
Last soldAED 1.15M7 June 2010
Current rentAED 110K /yr4 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 308, Reehan 4

What is 308 worth today?

Last sold for AED 1,154,888 in 2010

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4 Sep 2024RentedRenewal
AED 110,209/yr12 months · AED 111 per sqft
4 Sep 2023RentedRenewal
AED 100,190/yr12 months · AED 101 per sqft
4 Sep 2022RentedRenewal
AED 100,190/yr12 months · AED 101 per sqft
4 Sep 2021RentedRenewal
AED 87,125/yr12 months · AED 88 per sqft
4 Sep 2020RentedRenewal
AED 85,000/yr12 months · AED 86 per sqft
4 Sep 2019RentedNew contract
AED 95,000/yr12 months · AED 96 per sqft
28 Aug 2017RentedNew contract
AED 100,000/yr12 months · AED 101 per sqft
7 Jun 2010Sold by developerReady
AED 1,154,888AED 1,161 per sqft

Source: Dubai Land Department. Updated 4 September 2024.

Key facts

Type
1-bed apartment
Size
994 sqft
Floor
3rd of 3
Parking
B-2508
Developer
Emaar
Completed
2006
Service charge
AED 20,500 /yr
Last sold
AED 1.15M · June 2010
Building
Reehan 4

About 308, Reehan 4

308 is a one-bedroom apartment of 994 sqft on the 3rd floor of Reehan 4, a 3-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 7 June 2010 for AED 1,154,888, or AED 1,161 per sqft, 7% below the AED 1,244 one-beds in the building were fetching at the time.

It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 4 September 2024, is AED 110,209 a year: a gross yield of 9.5% on the 2010 price, before the service charge of about AED 20,500 a year.

Sales and rents for 308 over time

Sales
Unit 308, each saleTypical one-bed in Reehan 4
1M1.5M2M20092013201720212025Typical sale price by year: 2009 AED 1,161,888; 2010 AED 1,190,888; 2011 AED 1,090,000; 2012 AED 1,200,000; 2014 AED 1,975,318; 2015 AED 1,600,000; 2016 AED 1,665,000; 2017 AED 1,520,000; 2018 AED 1,057,500; 2023 AED 1,800,000; 2024 AED 1,900,000Sold by developer, June 2010: AED 1,154,888 (AED 1,161 per sqft)

308 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 308, each contractTypical one-bed in Reehan 4
75K100K125K2012201620202024Typical rent by year: 2012 AED 68,000; 2013 AED 100,000; 2014 AED 115,000; 2015 AED 115,000; 2016 AED 116,750; 2017 AED 115,000; 2018 AED 108,750; 2019 AED 90,000; 2020 AED 80,000; 2021 AED 80,000; 2022 AED 86,100; 2023 AED 95,000; 2024 AED 110,000; 2025 AED 120,000; 2026 AED 112,000New contract, August 2017: AED 100,000 a yearNew contract, September 2019: AED 95,000 a yearRenewal, September 2020: AED 85,000 a yearRenewal, September 2021: AED 87,125 a yearRenewal, September 2022: AED 100,190 a yearRenewal, September 2023: AED 100,190 a yearRenewal, September 2024: AED 110,209 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 4, and where 308 sits

All 43 1-beds →

308 last sold in June 2010 at AED 1,161 per sqft, 7% below what one-beds in Reehan 4 were fetching at the time (AED 1,244). Over the last 12 months one-beds sold for AED 1,940,000, around AED 1,979 per sqft, and rent for AED 90,000 to 150,000 a year. 308's AED 110,209 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
13 Oct 20261,940,000
17 Feb 20252,188,000
11 Dec 20241,900,000
10 Jun 20242,100,000
1 1-bed sale in the last 12 months

Reehan 4

Building

47 apartments, 1-bed to 2-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 1,979
Typical sale
AED 1.94M
Typical rent
AED 115K /yr
Typical yield
5.8%
Reehan 4, The Old Town: prices, sales and rents →

Other units on the 3rd floor

All 47 units in Reehan 4
Value
3011-bedAED 1.22M · Oct 2010
3021-bedAED 2.2M · May 2014
3031-bedAED 1.75M · Aug 2023
3041-bedAED 1.52M · Apr 2017
3051-bedAED 650K · Dec 2018
3061-bedAED 1.94M · Oct 2026
3071-bedAED 2.19M · Feb 2025
1–7 of 11

308, Reehan 4 in numbers

  • Sold once: by Emaar on 7 June 2010 for AED 1,154,888, or AED 1,161 per sqft.
  • Rented since August 2017 on 7 Ejari contracts. The rent fell from AED 100,000 to AED 85,000 in 2020 and recovered to AED 110,209 by September 2024.
  • At AED 110,209 a year the gross yield on the 2010 price is 9.5%, before a service charge of about AED 20,500 a year (AED 20.62 per sqft).
  • One-beds in Reehan 4 sold for AED 1,940,000–1,940,000 in the 12 months to November 2026; the building's median across all types is AED 1,979 per sqft.

Source: Dubai Land Department. Updated 4 September 2024.

Questions about 308, Reehan 4

What did unit 308 last sell for?

AED 1,154,888 on 7 June 2010, sold by the developer: AED 1,161 per sqft for 994 sqft. It is the only registered sale of the unit.

What is the rent for unit 308?

AED 110,209 a year on the contract renewed on 4 September 2024. The previous contract, from September 2023, was AED 100,190; the unit has been rented since August 2017.

How big is unit 308?

994 sqft (92.3 sqm): a one-bedroom apartment on the 3rd floor of a 3-storey tower completed in 2006.

What is unit 308 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reehan 4 sold for AED 1,940,000 to 1,940,000 in the last 12 months, around AED 1,979 per sqft.

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Mortgage on 308, Reehan 4

Starts from the last sale price (AED 1.15M, 7 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 1,154,888
Deposit, UAE resident (20%)
AED 230,978
Deposit, non-resident (40%)
AED 461,955
Monthly over 25 years at 3.7%
AED 4,725

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