2-bed · 1,573 sqftReehan 7, The Old Town · 2nd floor · completed 2006

201, Reehan 7

Sold prices and rental history: sold 3 times, last in March 2024, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 201 · DLD and Ejari recordsUpdated 21 March 2024
Last soldAED 2.55M21 March 2024
Current rentAED 110K /yr1 March 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 201, Reehan 7

What is 201 worth today?

Last sold for AED 2,550,000 in 2024

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21 Mar 2024SoldReady
AED 2,550,000AED 1,621 per sqft
1 Mar 2023RentedRenewal
AED 110,000/yr12 months · AED 70 per sqft
1 Mar 2022RentedRenewal
AED 100,000/yr12 months · AED 64 per sqft
1 Mar 2021RentedRenewal
AED 100,000/yr12 months · AED 64 per sqft
1 Mar 2020RentedNew contract
AED 100,000/yr12 months · AED 64 per sqft
1 Sep 2018RentedNew contract
AED 125,000/yr12 months · AED 80 per sqft
1 Oct 2017RentedRenewal
AED 160,000/yr12 months · AED 102 per sqft
1 Oct 2016RentedRenewal
AED 165,000/yr12 months · AED 105 per sqft

Source: Dubai Land Department. Updated 21 March 2024.

Key facts

Type
2-bed apartment
Size
1,573 sqft
Floor
2nd of 9
Parking
B-2385
Developer
Emaar
Completed
2006
Service charge
AED 32,400 /yr
Last sold
AED 2.55M · March 2024
Building
Reehan 7

About 201, Reehan 7

201 is a two-bedroom apartment of 1,573 sqft on the 2nd floor of Reehan 7, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 21 March 2024 for AED 2,550,000, or AED 1,621 per sqft, 11% below the AED 1,823 two-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 11 Ejari contracts. The current contract, renewed on 1 March 2023, is AED 110,000 a year: a gross yield of 4.3% on the 2024 price, before the service charge of about AED 32,400 a year.

Sales and rents for 201 over time

Sales
Unit 201, each saleTypical two-bed in Reehan 7
2M3M2009201420192024Typical sale price by year: 2009 AED 1,954,888; 2010 AED 2,057,388; 2011 AED 1,652,388; 2012 AED 1,900,000; 2013 AED 2,425,000; 2014 AED 2,800,000; 2015 AED 2,650,000; 2016 AED 2,760,000; 2018 AED 2,050,000; 2020 AED 1,453,812; 2021 AED 1,850,000; 2022 AED 2,025,000; 2023 AED 2,400,000; 2024 AED 2,665,000; 2025 AED 3,200,000; 2026 AED 3,100,000Sold by developer, June 2010: AED 1,900,000 (AED 1,207 per sqft)Sold, June 2010: AED 1,647,888 (AED 1,047 per sqft)Sold, March 2024: AED 2,550,000 (AED 1,621 per sqft)

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

Rents
Unit 201, each contractTypical two-bed in Reehan 7
100K150K2012201620202024Typical rent by year: 2012 AED 125,000; 2013 AED 130,350; 2014 AED 153,000; 2015 AED 160,000; 2016 AED 160,325; 2017 AED 150,000; 2018 AED 140,000; 2019 AED 125,000; 2020 AED 104,580; 2021 AED 110,000; 2022 AED 125,000; 2023 AED 148,500; 2024 AED 170,000; 2025 AED 172,000; 2026 AED 165,000New contract, October 2012: AED 150,000 a yearRenewal, October 2013: AED 150,000 a yearRenewal, October 2014: AED 165,000 a yearRenewal, October 2015: AED 165,000 a yearRenewal, October 2016: AED 165,000 a yearRenewal, October 2017: AED 160,000 a yearNew contract, September 2018: AED 125,000 a yearNew contract, March 2020: AED 100,000 a yearRenewal, March 2021: AED 100,000 a yearRenewal, March 2022: AED 100,000 a yearRenewal, March 2023: AED 110,000 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 7, and where 201 sits

All 44 2-beds →

201 last sold in March 2024 at AED 1,621 per sqft, 11% below what two-beds in Reehan 7 were fetching at the time (AED 1,823). Over the last 12 months two-beds sold for AED 2,975,000 to 3,400,000, around AED 2,404 per sqft, and rent for AED 135,000 to 360,000 a year. 201's AED 110,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
12 Oct 20263,185,000
2 Apr 20262,975,000
10 Feb 20263,100,000
29 Dec 20253,400,000
5 2-bed sales in the last 12 months

Reehan 7

Building

65 apartments, 1-bed to 3-bed over 9 floors in The Old Town, completed in 2006 by Emaar. 7 sold in the last 12 months.

Typical price per sqft
AED 2,404
Typical sale
AED 3.1M
Typical rent
AED 150K /yr
Typical yield
5.2%
Reehan 7, The Old Town: prices, sales and rents →

Other units on the 2nd floor

All 65 units in Reehan 7
Value
2022-bedAED 2.55M · May 2023
2032-bedAED 1.11M · Sep 2017
2041-bedAED 906K · Jul 2010
2051-bedAED 1.13M · Mar 2023
2062-bedAED 1.37M · Oct 2012
2072-bedAED 1.5M · Aug 2020

201, Reehan 7 in numbers

  • Sold 3 times: first on 22 June 2010 for AED 1,647,888, last on 21 March 2024 for AED 2,550,000 (AED 1,621 per sqft).
  • Rented since October 2012 on 11 Ejari contracts, from AED 150,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2024 price is 4.3%, before a service charge of about AED 32,400 a year (AED 20.62 per sqft).
  • Two-beds in Reehan 7 sold for AED 2,975,000–3,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,404 per sqft.

Source: Dubai Land Department. Updated 21 March 2024.

Questions about 201, Reehan 7

What did unit 201 last sell for?

AED 2,550,000 on 21 March 2024: AED 1,621 per sqft for 1,573 sqft. The unit has 3 registered sales; the first was AED 1,647,888 in June 2010.

What is the rent for unit 201?

AED 110,000 a year on the contract renewed on 1 March 2023. The previous contract, from March 2022, was AED 100,000; the unit has been rented since October 2012.

How big is unit 201?

1,573 sqft (146.1 sqm): a two-bedroom apartment on the 2nd floor of a 9-storey tower completed in 2006.

What is unit 201 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Reehan 7 sold for AED 2,975,000 to 3,400,000 in the last 12 months, around AED 2,404 per sqft.

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Mortgage on 201, Reehan 7

Starts from the last sale price (AED 2.55M, 21 March 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,550,000
Deposit, UAE resident (20%)
AED 510,000
Deposit, non-resident (40%)
AED 1,020,000
Monthly over 25 years at 3.7%
AED 10,433

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