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

706, Reehan 7

Sold prices and rental history: sold twice, last in July 2024, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 706 · DLD and Ejari recordsUpdated 4 July 2024
Last soldAED 2.58M4 July 2024
Current rentAED 140K /yr14 August 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 706, Reehan 7

What is 706 worth today?

Last sold for AED 2,580,000 in 2024

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4 Jul 2024SoldReady
AED 2,580,000AED 2,050 per sqft
14 Aug 2023RentedRenewal
AED 140,000/yr12 months · AED 111 per sqft
14 Aug 2022RentedNew contract
AED 130,000/yr12 months · AED 103 per sqft
5 Feb 2022RentedNew contract
AED 123,894/yr12 months · AED 99 per sqft
5 Feb 2016RentedNew contract
AED 155,000/yr12 months · AED 123 per sqft
21 Jan 2015RentedNew contract
AED 154,000/yr12 months · AED 122 per sqft
21 Jan 2014RentedNew contract
AED 140,000/yr12 months · AED 111 per sqft
11 May 2010Sold by developerReady
AED 1,600,000AED 1,271 per sqft

Source: Dubai Land Department. Updated 4 July 2024.

Key facts

Type
2-bed apartment
Size
1,258 sqft
Floor
7th of 9
Parking
B-2265
Developer
Emaar
Completed
2006
Service charge
AED 25,900 /yr
Last sold
AED 2.58M · July 2024
Building
Reehan 7

About 706, Reehan 7

706 is a two-bedroom apartment of 1,258 sqft on the 7th floor of Reehan 7, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 4 July 2024 for AED 2,580,000, or AED 2,050 per sqft, in line with the AED 2,008 two-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 6 Ejari contracts. The current contract, renewed on 14 August 2023, is AED 140,000 a year: a gross yield of 5.4% on the 2024 price, before the service charge of about AED 25,900 a year.

Sales and rents for 706 over time

Sales
Unit 706, 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 1,600,000 (AED 1,271 per sqft)Sold, July 2024: AED 2,580,000 (AED 2,050 per sqft)

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

Rents
Unit 706, 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, January 2014: AED 140,000 a yearNew contract, January 2015: AED 154,000 a yearNew contract, February 2016: AED 155,000 a yearNew contract, February 2022: AED 123,894 a yearNew contract, August 2022: AED 130,000 a yearRenewal, August 2023: 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 706 sits

All 44 2-beds →

706 last sold in July 2024 at AED 2,050 per sqft, in line with what two-beds in Reehan 7 were fetching at the time (AED 2,008). 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. 706'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 7th floor

All 65 units in Reehan 7
Value
7012-bedAED 3.48M · Jul 2025
7022-bedAED 2.87M · May 2013
7032-bedAED 2.7M · Mar 2010
7041-bedAED 1.29M · Apr 2013
7051-bedAED 1.16M · Nov 2022
7072-bedAED 3.15M · Jun 2024

706, Reehan 7 in numbers

  • Sold twice: first on 11 May 2010 for AED 1,600,000, last on 4 July 2024 for AED 2,580,000 (AED 2,050 per sqft).
  • Rented since January 2014 on 6 Ejari contracts. The rent fell from AED 140,000 to AED 123,894 in 2022 and recovered to AED 140,000 by August 2023.
  • At AED 140,000 a year the gross yield on the 2024 price is 5.4%, 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 4 July 2024.

Questions about 706, Reehan 7

What did unit 706 last sell for?

AED 2,580,000 on 4 July 2024: AED 2,050 per sqft for 1,258 sqft. The unit has 2 registered sales; the first was AED 1,600,000 in May 2010.

What is the rent for unit 706?

AED 140,000 a year on the contract renewed on 14 August 2023. The previous contract, from August 2022, was AED 130,000; the unit has been rented since January 2014.

How big is unit 706?

1,258 sqft (116.9 sqm): a two-bedroom apartment on the 7th floor of a 9-storey tower completed in 2006.

What is unit 706 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 706, Reehan 7

Starts from the last sale price (AED 2.58M, 4 July 2024). Switch to today's estimate once you have unlocked it.
Price
AED 2,580,000
Deposit, UAE resident (20%)
AED 516,000
Deposit, non-resident (40%)
AED 1,032,000
Monthly over 25 years at 3.7%
AED 10,556

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