2-bed · 1,354 sqftReehan 7, The Old Town · 6th floor · completed 2006

601, Reehan 7

Sold prices and rental history: sold 3 times, last in June 2017, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 601 · DLD and Ejari recordsUpdated 29 August 2018
Last soldAED 3.25M21 June 2017
Current rentAED 140K /yr29 August 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 601, Reehan 7

What is 601 worth today?

Last sold for AED 3,250,000 in 2017

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29 Aug 2018RentedNew contract
AED 140,000/yr12 months · AED 103 per sqft
21 Jun 2017SoldReady
AED 3,250,000AED 2,400 per sqft
31 Aug 2016SoldReady
AED 2,600,000AED 1,920 per sqft
20 Mar 2016RentedRenewal
AED 173,000/yr12 months · AED 128 per sqft
20 Mar 2014RentedNew contract
AED 165,000/yr12 months · AED 122 per sqft
27 Jul 2009Sold by developerReady
AED 1,975,888AED 1,459 per sqft

Source: Dubai Land Department. Updated 29 August 2018.

Key facts

Type
2-bed apartment
Size
1,354 sqft
Floor
6th of 9
Parking
B-2281
Developer
Emaar
Completed
2006
Service charge
AED 27,900 /yr
Last sold
AED 3.25M · June 2017
Building
Reehan 7

About 601, Reehan 7

601 is a two-bedroom apartment of 1,354 sqft on the 6th floor of Reehan 7, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 21 June 2017 for AED 3,250,000, or AED 2,400 per sqft, 11% above the AED 2,160 two-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, signed on 29 August 2018, is AED 140,000 a year: a gross yield of 4.3% on the 2017 price, before the service charge of about AED 27,900 a year.

Sales and rents for 601 over time

Sales
Unit 601, 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, July 2009: AED 1,975,888 (AED 1,459 per sqft)Sold, August 2016: AED 2,600,000 (AED 1,920 per sqft)Sold, June 2017: AED 3,250,000 (AED 2,400 per sqft)

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

Rents
Unit 601, 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 2014: AED 165,000 a yearRenewal, March 2016: AED 173,000 a yearNew contract, August 2018: AED 140,000 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 601 sits

All 44 2-beds →

601 last sold in June 2017 at AED 2,400 per sqft, 11% above what two-beds in Reehan 7 were fetching at the time (AED 2,160). 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. 601's AED 140,000 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 6th floor

All 65 units in Reehan 7
Value
6022-bedAED 2.3M · Jun 2021
6032-bedAED 2.05M · Sep 2018
6041-bedAED 1.95M · Sep 2025
6051-bedAED 2.13M · Mar 2025
6062-bedAED 3.03M · Dec 2025
6072-bedAED 3.6M · Dec 2024

601, Reehan 7 in numbers

  • Sold 3 times: first on 27 July 2009 for AED 1,975,888, last on 21 June 2017 for AED 3,250,000 (AED 2,400 per sqft).
  • Rented since March 2014 on 3 Ejari contracts, from AED 165,000 to AED 140,000 a year.
  • At AED 140,000 a year the gross yield on the 2017 price is 4.3%, 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 29 August 2018.

Questions about 601, Reehan 7

What did unit 601 last sell for?

AED 3,250,000 on 21 June 2017: AED 2,400 per sqft for 1,354 sqft. The unit has 3 registered sales; the first was AED 1,975,888 in July 2009.

What is the rent for unit 601?

AED 140,000 a year on the contract signed on 29 August 2018. The previous contract, from March 2016, was AED 173,000; the unit has been rented since March 2014.

How big is unit 601?

1,354 sqft (125.8 sqm): a two-bedroom apartment on the 6th floor of a 9-storey tower completed in 2006.

What is unit 601 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 601, Reehan 7

Starts from the last sale price (AED 3.25M, 21 June 2017). Switch to today's estimate once you have unlocked it.
Price
AED 3,250,000
Deposit, UAE resident (20%)
AED 650,000
Deposit, non-resident (40%)
AED 1,300,000
Monthly over 25 years at 3.7%
AED 13,297

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