505, Reehan 7
Sold prices and rental history: sold once, by the developer in May 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 505, Reehan 7
What is 505 worth today?
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Source: Dubai Land Department. Updated 10 May 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 773 sqft
- Floor
- 5th of 9
- Parking
- B-2158
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 15,900 /yr
- Last sold
- AED 1.37M · May 2023
- Building
- Reehan 7
About 505, Reehan 7
505 is a one-bedroom apartment of 773 sqft on the 5th floor of Reehan 7, a 9-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 10 May 2023 for AED 1,370,000, or AED 1,772 per sqft, 18% above the AED 1,497 one-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, renewed on 10 June 2020, is AED 60,000 a year: a gross yield of 4.4% on the 2023 price, before the service charge of about AED 15,900 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Reehan 7, and where 505 sits
All 18 1-beds →505 last sold in May 2023 at AED 1,772 per sqft, 18% above what one-beds in Reehan 7 were fetching at the time (AED 1,497). Over the last 12 months one-beds sold for AED 21,189 to 48,758, around AED 45 per sqft, and rent for AED 99,000 to 150,000 a year. 505's AED 60,000 is at the bottom of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 28 Jul 202628 July 2026 | 773 sqft | 21,189 | 27 | ||
| 15 Jan 202615 January 2026 | 773 sqft | 48,758 | 63 | ||
| 22 Oct 202522 October 2025 | 826 sqft | 1,900,000 | 2,300 | ||
| 24 Sep 202524 September 2025 | 826 sqft | 1,950,000 | 2,360 |
Reehan 7
Building65 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%
Other units on the 5th floor
All 65 units in Reehan 7| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,354 sqft | AED 1.85MAED 1,850,000 · Jan 2022January 2022 | 8,000 /yr | |
| 502 | 2-bed | 1,517 sqft | AED 2.2MAED 2,200,000 · May 2012May 2012 | 168,000 /yr | |
| 503 | 2-bed | 1,221 sqft | AED 3.4MAED 3,400,000 · Dec 2025December 2025 | 200,000 /yr | |
| 504 | 1-bed | 826 sqft | AED 1.1MAED 1,100,000 · May 2012May 2012 | 87,584 /yr | |
| 506 | 2-bed | 1,258 sqft | AED 2.7MAED 2,700,000 · Aug 2014August 2014 | 125,000 /yr | |
| 507 | 2-bed | 1,405 sqft | AED 1.24MAED 1,243,944 · Feb 2011February 2011 | 115,500 /yr |
505, Reehan 7 in numbers
- Sold once: by Emaar on 10 May 2023 for AED 1,370,000, or AED 1,772 per sqft.
- Rented since February 2018 on 3 Ejari contracts, from AED 90,000 to AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2023 price is 4.4%, before a service charge of about AED 15,900 a year (AED 20.62 per sqft).
- One-beds in Reehan 7 sold for AED 21,189–48,758 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 10 May 2023.
Questions about 505, Reehan 7
What did unit 505 last sell for?
AED 1,370,000 on 10 May 2023, sold by the developer: AED 1,772 per sqft for 773 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 60,000 a year on the contract renewed on 10 June 2020. The previous contract, from June 2019, was AED 70,000; the unit has been rented since February 2018.
How big is unit 505?
773 sqft (71.8 sqm): a one-bedroom apartment on the 5th floor of a 9-storey tower completed in 2006.
What is unit 505 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reehan 7 sold for AED 21,189 to 48,758 in the last 12 months, around AED 45 per sqft.
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Mortgage on 505, Reehan 7
Starts from the last sale price (AED 1.37M, 10 May 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,370,000
- Deposit, UAE resident (20%)
- AED 274,000
- Deposit, non-resident (40%)
- AED 548,000
- Monthly over 25 years at 3.7%
- AED 5,605
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →