1-bed · 972 sqftReehan 5, The Old Town · 3rd floor · completed 2006

302, Reehan 5

Sold prices and rental history: sold twice, last in June 2014, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 302 · DLD and Ejari recordsUpdated 25 November 2022
Last soldAED 2.15M1 June 2014
Current rentAED 86K /yr25 November 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 302, Reehan 5

What is 302 worth today?

Last sold for AED 2,150,000 in 2014

Unlock today's estimate, updated daily, with

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

25 Nov 2022RentedRenewal
AED 86,000/yr12 months · AED 89 per sqft
25 Nov 2021RentedRenewal
AED 82,000/yr12 months · AED 85 per sqft
25 Nov 2020RentedRenewal
AED 82,000/yr12 months · AED 85 per sqft
25 Nov 2019RentedRenewal
AED 100,000/yr12 months · AED 103 per sqft
25 Nov 2018RentedRenewal
AED 110,000/yr12 months · AED 114 per sqft
25 Nov 2017RentedNew contract
AED 110,000/yr12 months · AED 114 per sqft
14 Apr 2016RentedNew contract
AED 110,000/yr12 months · AED 114 per sqft
1 Jun 2014SoldReady
AED 2,150,000AED 2,211 per sqft

Source: Dubai Land Department. Updated 25 November 2022.

Key facts

Type
1-bed apartment
Size
972 sqft
Floor
3rd of 3
Parking
B-2298
Developer
Emaar
Completed
2006
Service charge
AED 20,000 /yr
Last sold
AED 2.15M · June 2014
Building
Reehan 5

About 302, Reehan 5

302 is a one-bedroom apartment of 972 sqft on the 3rd floor of Reehan 5, a 3-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 1 June 2014 for AED 2,150,000, or AED 2,211 per sqft, 27% above the AED 1,746 one-beds in the building were fetching at the time.

It has been rented continuously since 2013 on 8 Ejari contracts. The current contract, renewed on 25 November 2022, is AED 86,000 a year: a gross yield of 4.0% on the 2014 price, before the service charge of about AED 20,000 a year.

Sales and rents for 302 over time

Sales
Unit 302, each saleTypical one-bed in Reehan 5
1M1.5M2M2009201420192024Typical sale price by year: 2009 AED 1,212,444; 2010 AED 1,194,888; 2011 AED 1,141,888; 2012 AED 1,170,444; 2013 AED 1,555,000; 2014 AED 1,875,000; 2015 AED 1,725,000; 2016 AED 1,700,000; 2017 AED 1,660,000; 2019 AED 1,062,500; 2020 AED 1,125,000; 2021 AED 1,350,000; 2022 AED 1,400,000; 2023 AED 1,650,000; 2024 AED 1,900,000; 2025 AED 2,071,000Sold by developer, August 2010: AED 1,154,888 (AED 1,188 per sqft)Sold, June 2014: AED 2,150,000 (AED 2,211 per sqft)

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

Rents
Unit 302, each contractTypical one-bed in Reehan 5
75K100K125K2012201620202024Typical rent by year: 2012 AED 90,000; 2013 AED 90,000; 2014 AED 115,000; 2015 AED 120,000; 2016 AED 115,000; 2017 AED 110,000; 2018 AED 104,000; 2019 AED 85,000; 2020 AED 73,000; 2021 AED 76,500; 2022 AED 82,108; 2023 AED 95,000; 2024 AED 115,000; 2025 AED 120,000; 2026 AED 110,000New contract, July 2013: AED 83,000 a yearNew contract, April 2016: AED 110,000 a yearNew contract, November 2017: AED 110,000 a yearRenewal, November 2018: AED 110,000 a yearRenewal, November 2019: AED 100,000 a yearRenewal, November 2020: AED 82,000 a yearRenewal, November 2021: AED 82,000 a yearRenewal, November 2022: AED 86,000 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 5, and where 302 sits

All 43 1-beds →

302 last sold in June 2014 at AED 2,211 per sqft, 27% above what one-beds in Reehan 5 were fetching at the time (AED 1,746). Over the last 12 months one-beds sold for AED 2,250,000 to 2,300,000, around AED 2,485 per sqft, and rent for AED 93,941 to 160,000 a year. 302's AED 86,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
26 Mar 20262,300,000
6 Feb 20262,250,000
1 Aug 20252,175,000
13 May 20252,142,000
2 1-bed sales in the last 12 months

Reehan 5

Building

47 apartments, 1-bed to 2-bed over 3 floors in The Old Town, completed in 2006 by Emaar. 2 sold in the last 12 months.

Typical price per sqft
AED 2,485
Typical sale
AED 2.28M
Typical rent
AED 114K /yr
Typical yield
4.5%
Reehan 5, The Old Town: prices, sales and rents →

Other units on the 3rd floor

All 47 units in Reehan 5
Value
3011-bedAED 1M · Sep 2019
3031-bedAED 1.7M · Feb 2016
3041-bedAED 979K · May 2011
3051-bedAED 1.78M · Apr 2014
3061-bedAED 1.43M · Oct 2022
3071-bedAED 750K · Oct 2013
3081-bedAED 1.93M · Aug 2014
1–7 of 11

302, Reehan 5 in numbers

  • Sold twice: first on 19 August 2010 for AED 1,154,888, last on 1 June 2014 for AED 2,150,000 (AED 2,211 per sqft).
  • Rented since July 2013 on 8 Ejari contracts, from AED 83,000 to AED 86,000 a year.
  • At AED 86,000 a year the gross yield on the 2014 price is 4.0%, before a service charge of about AED 20,000 a year (AED 20.62 per sqft).
  • One-beds in Reehan 5 sold for AED 2,250,000–2,300,000 in the 12 months to November 2026; the building's median across all types is AED 2,485 per sqft.

Source: Dubai Land Department. Updated 25 November 2022.

Questions about 302, Reehan 5

What did unit 302 last sell for?

AED 2,150,000 on 1 June 2014: AED 2,211 per sqft for 972 sqft. The unit has 2 registered sales; the first was AED 1,154,888 in August 2010.

What is the rent for unit 302?

AED 86,000 a year on the contract renewed on 25 November 2022. The previous contract, from November 2021, was AED 82,000; the unit has been rented since July 2013.

How big is unit 302?

972 sqft (90.3 sqm): a one-bedroom apartment on the 3rd floor of a 3-storey tower completed in 2006.

What is unit 302 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reehan 5 sold for AED 2,250,000 to 2,300,000 in the last 12 months, around AED 2,485 per sqft.

Selling 302? 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 302, Reehan 5

Starts from the last sale price (AED 2.15M, 1 June 2014). Switch to today's estimate once you have unlocked it.
Price
AED 2,150,000
Deposit, UAE resident (20%)
AED 430,000
Deposit, non-resident (40%)
AED 860,000
Monthly over 25 years at 3.7%
AED 8,796

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