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2-bed · 1,354 sqftReehan 7, The Old Town · 3rd floor · completed 2006

301, Reehan 7

Sold prices and rental history: sold twice, last in May 2018, and rented once, from July 2015. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 301 · DLD and Ejari recordsUpdated 23 May 2018
Last soldAED 2.7M23 May 2018
Current rentAED 170K /yr5 July 2015
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 301, Reehan 7

What is 301 worth today?

Last sold for AED 2,700,000 in 2018

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23 May 2018SoldReady
AED 2,700,000AED 1,994 per sqft
5 Jul 2015RentedNew contract
AED 170,000/yr12 months · AED 125 per sqft
17 May 2010Sold by developerReady
AED 2,754,000AED 2,033 per sqft

Source: Dubai Land Department. Updated 23 May 2018.

Key facts

Type
2-bed apartment
Size
1,354 sqft
Floor
3rd of 9
Parking
B-2409
Developer
Emaar
Completed
2006
Service charge
AED 27,900 /yr
Last sold
AED 2.7M · May 2018
Building
Reehan 7

About 301, Reehan 7

301 is a two-bedroom apartment of 1,354 sqft on the 3rd floor of Reehan 7, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 23 May 2018 for AED 2,700,000, or AED 1,994 per sqft, 14% above the AED 1,754 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 July 2015. The current contract, signed on 5 July 2015, is AED 170,000 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 27,900 a year.

Sales and rents for 301 over time

Sales
Unit 301, 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, May 2010: AED 2,754,000 (AED 2,033 per sqft)Sold, May 2018: AED 2,700,000 (AED 1,994 per sqft)

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

Rents
Unit 301, 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, July 2015: AED 170,000 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 301 sits

All 44 2-beds →

301 last sold in May 2018 at AED 1,994 per sqft, 14% above what two-beds in Reehan 7 were fetching at the time (AED 1,754). 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. 301's AED 170,000 is in the lower half 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 3rd floor

All 65 units in Reehan 7
Value
3022-bedAED 1.94M · Jul 2009
3032-bedAED 2.56M · Oct 2023
3041-bedAED 1.9M · Oct 2025
3051-bedAED 21K · Jul 2026
3062-bedAED 2.1M · Feb 2023
3072-bedAED 2.52M · Mar 2024

301, Reehan 7 in numbers

  • Sold twice: first on 17 May 2010 for AED 2,754,000, last on 23 May 2018 for AED 2,700,000 (AED 1,994 per sqft).
  • Rented since July 2015 on one Ejari contract, at AED 170,000 a year.
  • At AED 170,000 a year the gross yield on the 2018 price is 6.3%, before a service charge of about AED 27,900 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 23 May 2018.

Questions about 301, Reehan 7

What did unit 301 last sell for?

AED 2,700,000 on 23 May 2018: AED 1,994 per sqft for 1,354 sqft. The unit has 2 registered sales; the first was AED 2,754,000 in May 2010.

What is the rent for unit 301?

AED 170,000 a year on the contract signed on 5 July 2015.

How big is unit 301?

1,354 sqft (125.8 sqm): a two-bedroom apartment on the 3rd floor of a 9-storey tower completed in 2006.

What is unit 301 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 301, Reehan 7

Starts from the last sale price (AED 2.7M, 23 May 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,700,000
Deposit, UAE resident (20%)
AED 540,000
Deposit, non-resident (40%)
AED 1,080,000
Monthly over 25 years at 3.7%
AED 11,047

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