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2-bed · 1,258 sqftReehan 7, The Old Town · 5th floor · completed 2006

506, Reehan 7

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

Unit 506 · DLD and Ejari recordsUpdated 7 August 2014
Last soldAED 2.7M7 August 2014
Current rentAED 125K /yr31 March 2013
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 506, Reehan 7

What is 506 worth today?

Last sold for AED 2,700,000 in 2014

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7 Aug 2014SoldReady
AED 2,700,000AED 2,146 per sqft
31 Mar 2013RentedNew contract
AED 125,000/yr12 months · AED 99 per sqft
22 Apr 2009Sold by developerReady
AED 1,402,866AED 1,115 per sqft

Source: Dubai Land Department. Updated 7 August 2014.

Key facts

Type
2-bed apartment
Size
1,258 sqft
Floor
5th of 9
Parking
B-2279
Developer
Emaar
Completed
2006
Service charge
AED 25,900 /yr
Last sold
AED 2.7M · August 2014
Building
Reehan 7

About 506, Reehan 7

506 is a two-bedroom apartment of 1,258 sqft on the 5th floor of Reehan 7, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 7 August 2014 for AED 2,700,000, or AED 2,146 per sqft, in line with the AED 2,146 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 31 March 2013. The current contract, signed on 31 March 2013, is AED 125,000 a year: a gross yield of 4.6% on the 2014 price, before the service charge of about AED 25,900 a year.

Sales and rents for 506 over time

Sales
Unit 506, 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, April 2009: AED 1,402,866 (AED 1,115 per sqft)Sold, August 2014: AED 2,700,000 (AED 2,146 per sqft)

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

Rents
Unit 506, 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, March 2013: AED 125,000 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 506 sits

All 44 2-beds →

506 last sold in August 2014 at AED 2,146 per sqft, in line with what two-beds in Reehan 7 were fetching at the time (AED 2,146). 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. 506's AED 125,000 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 5th floor

All 65 units in Reehan 7
Value
5012-bedAED 1.85M · Jan 2022
5022-bedAED 2.2M · May 2012
5032-bedAED 3.4M · Dec 2025
5041-bedAED 1.1M · May 2012
5051-bedAED 1.37M · May 2023
5072-bedAED 1.24M · Feb 2011

506, Reehan 7 in numbers

  • Sold twice: first on 22 April 2009 for AED 1,402,866, last on 7 August 2014 for AED 2,700,000 (AED 2,146 per sqft).
  • Rented since March 2013 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2014 price is 4.6%, before a service charge of about AED 25,900 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 7 August 2014.

Questions about 506, Reehan 7

What did unit 506 last sell for?

AED 2,700,000 on 7 August 2014: AED 2,146 per sqft for 1,258 sqft. The unit has 2 registered sales; the first was AED 1,402,866 in April 2009.

What is the rent for unit 506?

AED 125,000 a year on the contract signed on 31 March 2013.

How big is unit 506?

1,258 sqft (116.9 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2006.

What is unit 506 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 506, Reehan 7

Starts from the last sale price (AED 2.7M, 7 August 2014). 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 →