2-bed · 1,113 sqftReehan 7, The Old Town · Ground floor · completed 2006

G03, Reehan 7

Sold prices and rental history: sold once, by the developer in April 2011, and rented continuously since 2011. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G03 · DLD and Ejari recordsUpdated 5 May 2023
Last soldAED 790K7 April 2011
Current rentAED 84K /yr5 May 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for G03, Reehan 7

What is G03 worth today?

Last sold for AED 789,944 in 2011

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5 May 2023RentedRenewal · flagged as an outlier
AED 84,000/yr12 months · AED 29 per sqft
5 May 2022RentedRenewal
AED 84,000/yr12 months · AED 75 per sqft
5 May 2021RentedRenewal
AED 84,000/yr12 months · AED 75 per sqft
5 May 2020RentedRenewal
AED 84,000/yr12 months · AED 75 per sqft
5 May 2019RentedNew contract
AED 95,000/yr12 months · AED 85 per sqft
1 Nov 2017RentedNew contract
AED 103,950/yr12 months · AED 93 per sqft
1 Nov 2016RentedRenewal
AED 103,950/yr12 months · AED 93 per sqft
1 Nov 2015RentedRenewal
AED 103,950/yr12 months · AED 93 per sqft

Source: Dubai Land Department. Updated 5 May 2023.

Key facts

Type
2-bed apartment
Size
1,113 sqft
Floor
Ground of 9
Parking
B-2378
Developer
Emaar
Completed
2006
Service charge
AED 23,000 /yr
Last sold
AED 790K · April 2011
Building
Reehan 7

About G03, Reehan 7

G03 is a two-bedroom apartment of 1,113 sqft on the ground floor of Reehan 7, a 9-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 7 April 2011 for AED 789,944, or AED 709 per sqft, 48% below the AED 1,362 two-beds in the building were fetching at the time.

It has been rented continuously since 2011 on 12 Ejari contracts. The current contract, renewed on 5 May 2023, is AED 84,000 a year: a gross yield of 10.6% on the 2011 price, before the service charge of about AED 23,000 a year.

Sales and rents for G03 over time

Sales
Unit G03, 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, April 2011: AED 789,944 (AED 709 per sqft)

G03 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit G03, each contractTypical two-bed in Reehan 7
100K150K20112015201920232027Typical 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, November 2011: AED 90,000 a yearRenewal, November 2012: AED 90,000 a yearRenewal, November 2013: AED 90,000 a yearNew contract, November 2014: AED 99,000 a yearRenewal, November 2015: AED 103,950 a yearRenewal, November 2016: AED 103,950 a yearNew contract, November 2017: AED 103,950 a yearNew contract, May 2019: AED 95,000 a yearRenewal, May 2020: AED 84,000 a yearRenewal, May 2021: AED 84,000 a yearRenewal, May 2022: AED 84,000 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 G03 sits

All 44 2-beds →

G03 last sold in April 2011 at AED 709 per sqft, 48% below what two-beds in Reehan 7 were fetching at the time (AED 1,362). 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. G03's AED 84,000 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 ground floor

All 65 units in Reehan 7
Value
G022-bedAED 4.8M · Mar 2016
G041-bedAED 2M · Aug 2025
G051-bedAED 1.2M · Oct 2012
G062-bedAED 1.72M · Apr 2011
G073-bedAED 3.45M · Jul 2012

G03, Reehan 7 in numbers

  • Sold once: by Emaar on 7 April 2011 for AED 789,944, or AED 709 per sqft.
  • Rented since November 2011 on 12 Ejari contracts, from AED 90,000 to AED 84,000 a year.
  • At AED 84,000 a year the gross yield on the 2011 price is 10.6%, before a service charge of about AED 23,000 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 5 May 2023.

Questions about G03, Reehan 7

What did unit G03 last sell for?

AED 789,944 on 7 April 2011, sold by the developer: AED 709 per sqft for 1,113 sqft. It is the only registered sale of the unit.

What is the rent for unit G03?

AED 84,000 a year on the contract renewed on 5 May 2023. The previous contract, from May 2022, was AED 84,000; the unit has been rented since November 2011.

How big is unit G03?

1,113 sqft (103.4 sqm): a two-bedroom apartment on the ground floor of a 9-storey tower completed in 2006.

What is unit G03 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 G03, Reehan 7

Starts from the last sale price (AED 790K, 7 April 2011). Switch to today's estimate once you have unlocked it.
Price
AED 789,944
Deposit, UAE resident (20%)
AED 157,989
Deposit, non-resident (40%)
AED 315,978
Monthly over 25 years at 3.7%
AED 3,232

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