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2-bed · 1,351 sqftReehan 8, The Old Town · Ground floor · completed 2006

G03, Reehan 8

Sold prices and rental history: sold twice, last in July 2022, and rented since 2016. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit G03 · DLD and Ejari recordsUpdated 6 July 2022
Last soldAED 3M6 July 2022
Current rentAED 175K /yr15 May 2019
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for G03, Reehan 8

What is G03 worth today?

Last sold for AED 3,000,000 in 2022

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6 Jul 2022SoldReady
AED 3,000,000AED 2,220 per sqft
15 May 2019RentedNew contract
AED 175,000/yr12 months · AED 129 per sqft
24 Jan 2017RentedRenewal
AED 210,000/yr12 months · AED 155 per sqft
24 Jan 2016RentedNew contract
AED 210,000/yr12 months · AED 155 per sqft
10 Feb 2011Sold by developerReady
AED 1,677,888AED 1,241 per sqft

Source: Dubai Land Department. Updated 6 July 2022.

Key facts

Type
2-bed apartment
Size
1,351 sqft
Floor
Ground of 4
Parking
B-2460
Developer
Emaar
Completed
2006
Service charge
AED 27,900 /yr
Last sold
AED 3M · July 2022
Building
Reehan 8

About G03, Reehan 8

G03 is a two-bedroom apartment of 1,351 sqft on the ground floor of Reehan 8, a 4-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 6 July 2022 for AED 3,000,000, or AED 2,220 per sqft.

It has been rented since 2016 on 3 Ejari contracts. The current contract, signed on 15 May 2019, is AED 175,000 a year: a gross yield of 5.8% on the 2022 price, before the service charge of about AED 27,900 a year.

Sales and rents for G03 over time

Sales
Unit G03, each saleTypical two-bed in Reehan 8
2M3M20082012201620202024Typical 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, February 2011: AED 1,677,888 (AED 1,241 per sqft)Sold, July 2022: AED 3,000,000 (AED 2,220 per sqft)

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

Rents
Unit G03, 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, January 2016: AED 210,000 a yearRenewal, January 2017: AED 210,000 a yearNew contract, May 2019: AED 175,000 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 G03 sits

All 20 2-beds →

G03's AED 175,000 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
25 Aug 20232,960,000
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 ground floor

All 47 units in Reehan 8
Value
G022-bedAED 2.86M · Jun 2023
G042-bedAED 3.5M · Feb 2014
G053-bedAED 2.57M · Feb 2011
G061-bedAED 1.15M · Jun 2010
G071-bedAED 1.34M · Jun 2010
G082-bedAED 2.05M · Mar 2020
G093-bedAED 4.75M · Oct 2013
1–7 of 9

G03, Reehan 8 in numbers

  • Sold twice: first on 10 February 2011 for AED 1,677,888, last on 6 July 2022 for AED 3,000,000 (AED 2,220 per sqft).
  • Rented since January 2016 on 3 Ejari contracts, from AED 210,000 to AED 175,000 a year.
  • At AED 175,000 a year the gross yield on the 2022 price is 5.8%, before a service charge of about AED 27,900 a year (AED 20.62 per sqft).

Source: Dubai Land Department. Updated 6 July 2022.

Questions about G03, Reehan 8

What did unit G03 last sell for?

AED 3,000,000 on 6 July 2022: AED 2,220 per sqft for 1,351 sqft. The unit has 2 registered sales; the first was AED 1,677,888 in February 2011.

What is the rent for unit G03?

AED 175,000 a year on the contract signed on 15 May 2019. The previous contract, from January 2017, was AED 210,000; the unit has been rented since January 2016.

How big is unit G03?

1,351 sqft (125.5 sqm): a two-bedroom apartment on the ground floor of a 4-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.

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Mortgage on G03, Reehan 8

Starts from the last sale price (AED 3M, 6 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 3,000,000
Deposit, UAE resident (20%)
AED 600,000
Deposit, non-resident (40%)
AED 1,200,000
Monthly over 25 years at 3.7%
AED 12,274

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