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2-bed · 1,335 sqftReehan 8, The Old Town · 2nd floor · completed 2006

203, Reehan 8

Sold prices and rental history: sold 3 times, last in August 2023, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 203 · DLD and Ejari recordsUpdated 25 August 2023
Last soldAED 2.96M25 August 2023
Current rentAED 180K /yr3 August 2022
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 203, Reehan 8

What is 203 worth today?

Last sold for AED 2,960,000 in 2023

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25 Aug 2023SoldReady
AED 2,960,000AED 2,217 per sqft
3 Aug 2022RentedNew contract
AED 180,000/yr12 months · AED 135 per sqft
23 Nov 2019RentedRenewal
AED 154,999/yr5 months · AED 116 per sqft
23 Nov 2018RentedNew contract
AED 155,000/yr12 months · AED 116 per sqft
27 Dec 2017SoldReady
AED 2,050,000AED 1,535 per sqft
16 Nov 2016Sold by developerReady
AED 1,608,888AED 1,205 per sqft
15 Mar 2014RentedNew contract
AED 185,000/yr12 months · AED 139 per sqft

Source: Dubai Land Department. Updated 25 August 2023.

Key facts

Type
2-bed apartment
Size
1,335 sqft
Floor
2nd of 4
Parking
B-2422
Developer
Emaar
Completed
2006
Service charge
AED 27,500 /yr
Last sold
AED 2.96M · August 2023
Building
Reehan 8

About 203, Reehan 8

203 is a two-bedroom apartment of 1,335 sqft on the 2nd floor of Reehan 8, a 4-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 25 August 2023 for AED 2,960,000, or AED 2,217 per sqft.

It has been rented continuously since 2014 on 4 Ejari contracts. The current contract, signed on 3 August 2022, is AED 180,000 a year: a gross yield of 6.1% on the 2023 price, before the service charge of about AED 27,500 a year.

Sales and rents for 203 over time

Sales
Unit 203, each saleTypical two-bed in Reehan 8
2M3M2008201320182023Typical sale price by year: 2008 AED 2,600,000; 2009 AED 1,730,888; 2010 AED 1,735,388; 2011 AED 1,677,888; 2017 AED 2,050,000; 2023 AED 2,860,000Sold by developer, November 2016: AED 1,608,888 (AED 1,205 per sqft)Sold, December 2017: AED 2,050,000 (AED 1,535 per sqft)Sold, August 2023: AED 2,960,000 (AED 2,217 per sqft)

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

Rents
Unit 203, each contractTypical two-bed in Reehan 8
100K150K200K2013201720212025Typical rent by year: 2013 AED 135,000; 2014 AED 172,500; 2015 AED 170,000; 2016 AED 170,000; 2017 AED 160,000; 2018 AED 145,000; 2019 AED 135,000; 2020 AED 115,000; 2021 AED 108,000; 2022 AED 130,000; 2023 AED 170,000; 2024 AED 170,000; 2025 AED 200,000; 2026 AED 190,000New contract, March 2014: AED 185,000 a yearNew contract, November 2018: AED 155,000 a yearRenewal, November 2019: AED 154,999 a yearNew contract, August 2022: AED 180,000 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 8, and where 203 sits

All 20 2-beds →

203's AED 180,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
2 Oct 20253,300,000
18 Oct 20243,100,000
2 Nov 20232,500,000
19 Jun 20232,860,000
0 2-bed sales in the last 12 months

Reehan 8

Building

47 apartments, 1-bed to 3-bed over 4 floors in The Old Town, completed in 2006 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 2,193
Typical sale
AED 2.7M
Typical rent
AED 150K /yr
Typical yield
5.8%
Reehan 8, The Old Town: prices, sales and rents →

Other units on the 2nd floor

All 47 units in Reehan 8
Value
2011-bedAED 1.1M · Jan 2022
2021-bedAED 1.5M · Jul 2017
2042-bedAED 1.73M · Sep 2009
2053-bedAED 2.57M · Jul 2010
2061-bedAED 1.75M · Mar 2022
2071-bedAED 1.39M · Feb 2012
2082-bedAED 1.8M · Jun 2009
1–7 of 9

203, Reehan 8 in numbers

  • Sold 3 times: first on 16 November 2016 for AED 1,608,888, last on 25 August 2023 for AED 2,960,000 (AED 2,217 per sqft).
  • Rented since March 2014 on 4 Ejari contracts. The rent fell from AED 185,000 to AED 154,999 in 2019 and recovered to AED 180,000 by August 2022.
  • At AED 180,000 a year the gross yield on the 2023 price is 6.1%, before a service charge of about AED 27,500 a year (AED 20.62 per sqft).

Source: Dubai Land Department. Updated 25 August 2023.

Questions about 203, Reehan 8

What did unit 203 last sell for?

AED 2,960,000 on 25 August 2023: AED 2,217 per sqft for 1,335 sqft. The unit has 3 registered sales; the first was AED 1,608,888 in November 2016.

What is the rent for unit 203?

AED 180,000 a year on the contract signed on 3 August 2022. The previous contract, from November 2019, was AED 154,999; the unit has been rented since March 2014.

How big is unit 203?

1,335 sqft (124.0 sqm): a two-bedroom apartment on the 2nd floor of a 4-storey tower completed in 2006.

What is unit 203 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google.

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Mortgage on 203, Reehan 8

Starts from the last sale price (AED 2.96M, 25 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 2,960,000
Deposit, UAE resident (20%)
AED 592,000
Deposit, non-resident (40%)
AED 1,184,000
Monthly over 25 years at 3.7%
AED 12,110

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