2-bed · 1,258 sqftReehan 7, The Old Town · 4th floor · completed 2006

406, Reehan 7

Sold prices and rental history: sold twice, last in February 2013, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 406 · DLD and Ejari recordsUpdated 3 February 2013
Last soldAED 2.15M3 February 2013
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 406, Reehan 7

What is 406 worth today?

Last sold for AED 2,150,000 in 2013

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3 Feb 2013SoldReady
AED 2,150,000AED 1,709 per sqft
16 Jan 2011Sold by developerReady
AED 791,944AED 629 per sqft

Source: Dubai Land Department. Updated 3 February 2013.

Key facts

Type
2-bed apartment
Size
1,258 sqft
Floor
4th of 9
Parking
B-2371
Developer
Emaar
Completed
2006
Service charge
AED 25,900 /yr
Last sold
AED 2.15M · February 2013
Building
Reehan 7

About 406, Reehan 7

406 is a two-bedroom apartment of 1,258 sqft on the 4th floor of Reehan 7, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 3 February 2013 for AED 2,150,000, or AED 1,709 per sqft, 14% above the AED 1,494 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 406 over time

Sales
Unit 406, each saleTypical two-bed in Reehan 7
2M2009201420192024Typical 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, January 2011: AED 791,944 (AED 629 per sqft)Sold, February 2013: AED 2,150,000 (AED 1,709 per sqft)

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

Rents
Unit 406, 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 165,000

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 406 sits

All 44 2-beds →

406 last sold in February 2013 at AED 1,709 per sqft, 14% above what two-beds in Reehan 7 were fetching at the time (AED 1,494). 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.

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 4th floor

All 65 units in Reehan 7
Value
4012-bedAED 1.67M · May 2010
4022-bedAED 2.76M · Jul 2016
4032-bedAED 600K · Feb 2020
4041-bedAED 1.48M · Aug 2016
4051-bedAED 1.46M · Aug 2016
4072-bedAED 2.02M · Mar 2011

406, Reehan 7 in numbers

  • Sold twice: first on 16 January 2011 for AED 791,944, last on 3 February 2013 for AED 2,150,000 (AED 1,709 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 3 February 2013.

Questions about 406, Reehan 7

What did unit 406 last sell for?

AED 2,150,000 on 3 February 2013: AED 1,709 per sqft for 1,258 sqft. The unit has 2 registered sales; the first was AED 791,944 in January 2011.

How big is unit 406?

1,258 sqft (116.9 sqm): a two-bedroom apartment on the 4th floor of a 9-storey tower completed in 2006.

What is unit 406 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 406, Reehan 7

Starts from the last sale price (AED 2.15M, 3 February 2013). 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 →