3-bed · 2,159 sqftReehan 8, The Old Town · 4th floor · completed 2006

409, Reehan 8

Sold prices and rental history: sold once, by the developer in June 2010, and rented continuously since 2012. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 409 · DLD and Ejari recordsUpdated 20 December 2017
Last soldAED 3.1M30 June 2010
Current rentAED 260K /yr20 December 2017
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 409, Reehan 8

What is 409 worth today?

Last sold for AED 3,099,888 in 2010

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

20 Dec 2017RentedRenewal
AED 260,000/yr12 months · AED 120 per sqft
20 Dec 2016RentedRenewal
AED 260,000/yr12 months · AED 120 per sqft
20 Dec 2015RentedNew contract
AED 260,000/yr12 months · AED 120 per sqft
20 Dec 2012RentedNew contract
AED 205,000/yr12 months · AED 95 per sqft
30 Jun 2010Sold by developerReady
AED 3,099,888AED 1,435 per sqft

Source: Dubai Land Department. Updated 20 December 2017.

Key facts

Type
3-bed apartment
Size
2,159 sqft
Floor
4th of 4
Parking
B-2470-Tandem2487
Developer
Emaar
Completed
2006
Service charge
AED 44,500 /yr
Last sold
AED 3.1M · June 2010
Building
Reehan 8

About 409, Reehan 8

409 is a three-bedroom apartment of 2,159 sqft on the 4th floor of Reehan 8, a 4-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 30 June 2010 for AED 3,099,888, or AED 1,435 per sqft, 6% below the AED 1,534 three-beds in the building were fetching at the time.

It has been rented continuously since 2012 on 4 Ejari contracts. The current contract, renewed on 20 December 2017, is AED 260,000 a year: a gross yield of 8.4% on the 2010 price, before the service charge of about AED 44,500 a year.

Sales and rents for 409 over time

Rents
Unit 409, each contractTypical three-bed in Reehan 8
200K300K2012201620202024Typical rent by year: 2014 AED 233,950; 2015 AED 260,000; 2016 AED 260,000; 2017 AED 260,000; 2018 AED 230,297; 2019 AED 190,000; 2020 AED 185,000; 2021 AED 220,000; 2022 AED 200,000; 2023 AED 287,500; 2024 AED 285,000; 2025 AED 352,001New contract, December 2012: AED 205,000 a yearNew contract, December 2015: AED 260,000 a yearRenewal, December 2016: AED 260,000 a yearRenewal, December 2017: AED 260,000 a year

Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.

3-beds in Reehan 8, and where 409 sits

All 9 3-beds →

409 last sold in June 2010 at AED 1,435 per sqft, 6% below what three-beds in Reehan 8 were fetching at the time (AED 1,534).

Recent 3-bed salesUnit no.Price (AED)Summary
20 Jul 20255,725,000
23 Jun 20234,350,000
22 Oct 20134,750,000
4 Apr 20133,500,000
0 3-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 4th floor

All 47 units in Reehan 8
Value
4012-bedAED 883K · Jun 2009
4082-bedAED 4.05M · Aug 2016
4102-bedAED 2.5M · Nov 2023
4111-bedAED 1.3M · Mar 2018

409, Reehan 8 in numbers

  • Sold once: by Emaar on 30 June 2010 for AED 3,099,888, or AED 1,435 per sqft.
  • Rented since December 2012 on 4 Ejari contracts, from AED 205,000 to AED 260,000 a year.
  • At AED 260,000 a year the gross yield on the 2010 price is 8.4%, before a service charge of about AED 44,500 a year (AED 20.62 per sqft).

Source: Dubai Land Department. Updated 20 December 2017.

Questions about 409, Reehan 8

What did unit 409 last sell for?

AED 3,099,888 on 30 June 2010, sold by the developer: AED 1,435 per sqft for 2,159 sqft. It is the only registered sale of the unit.

What is the rent for unit 409?

AED 260,000 a year on the contract renewed on 20 December 2017. The previous contract, from December 2016, was AED 260,000; the unit has been rented since December 2012.

How big is unit 409?

2,159 sqft (200.6 sqm): a three-bedroom apartment on the 4th floor of a 4-storey tower completed in 2006.

What is unit 409 worth today?

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

Selling 409? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 409, Reehan 8

Starts from the last sale price (AED 3.1M, 30 June 2010). Switch to today's estimate once you have unlocked it.
Price
AED 3,099,888
Deposit, UAE resident (20%)
AED 619,978
Deposit, non-resident (40%)
AED 1,239,955
Monthly over 25 years at 3.7%
AED 12,683

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