1203, Mon Reve (Credo Tower)
Sold prices and rental history: sold once, by the developer in October 2018, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Mon Reve (Credo Tower)
What is 1203 worth today?
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Source: Dubai Land Department. Updated 15 April 2024.
Key facts
- Type
- 3-bed apartment
- Size
- 1,875 sqft
- Floor
- 12th of 15
- Parking
- G-37, G-38
- Developer
- Credo Investments
- Completed
- 2015
- Service charge
- AED 48,900 /yr
- Last sold
- AED 2.9M · October 2018
- Building
- Mon Reve (Credo Tower)
About 1203, Mon Reve (Credo Tower)
1203 is a three-bedroom apartment of 1,875 sqft on the 12th floor of Mon Reve (Credo Tower), a 15-storey tower in Downtown Dubai completed in 2015 by Credo Investments. The developer sold it on 2 October 2018 for AED 2,899,218, or AED 1,546 per sqft, in line with the AED 1,577 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 4 Ejari contracts. The current contract, renewed on 15 April 2024, is AED 181,843 a year: a gross yield of 6.3% on the 2018 price, before the service charge of about AED 48,900 a year.
Sales and rents for 1203 over time
1203 has sold once; the dashed line is the three-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the three-bed median of each year in the building.
3-beds in Mon Reve (Credo Tower), and where 1203 sits
All 13 3-beds →1203 last sold in October 2018 at AED 1,546 per sqft, in line with what three-beds in Mon Reve (Credo Tower) were fetching at the time (AED 1,577).
| Recent 3-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 May 202530 May 2025 | 2,190 sqft | 2,627,508 | 1,199 | ||
| 8 May 20248 May 2024 | 2,100 sqft | 3,800,000 | 1,809 | ||
| 26 Mar 202426 March 2024 | 1,850 sqft | 2,887,772 | 1,560 | ||
| 25 Mar 202425 March 2024 | 2,100 sqft | 3,255,901 | 1,550 |
Mon Reve (Credo Tower)
Building81 apartments, 1-bed to 4-bed over 15 floors in Downtown Dubai, completed in 2015 by Credo Investments. 1 sold in the last 12 months.
- Typical price per sqft
- AED 1,837
- Typical sale
- AED 2.2M
- Typical rent
- AED 160K /yr
- Typical yield
- 6.6%
Other units on the 12th floor
All 81 units in Mon Reve (Credo Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | 2-bed | 1,354 sqft | AED 2.11MAED 2,110,611 · Apr 2018April 2018 | 90,000 /yr | |
| 1202 | 2-bed | 1,381 sqft | AED 2.11MAED 2,110,611 · Apr 2018April 2018 | 90,000 /yr | |
| 1204 | 3-bed | 2,101 sqft | AED 3.26MAED 3,255,901 · Jan 2019January 2019 | 120,000 /yr | |
| 1205 | 3-bed | 1,852 sqft | AED 2.89MAED 2,887,772 · Jan 2019January 2019 | 151,800 /yr | |
| 1206 | 2-bed | 1,197 sqft | AED 1.84MAED 1,842,286 · Apr 2018April 2018 | 130,927 /yr | |
| 1207 | 2-bed | 1,405 sqft | AED 2.22MAED 2,220,218 · Apr 2018April 2018 | 146,439 /yr |
1203, Mon Reve (Credo Tower) in numbers
- Sold once: by Credo Investments on 2 October 2018 for AED 2,899,218, or AED 1,546 per sqft.
- Rented since March 2019 on 4 Ejari contracts, from AED 125,000 to AED 181,843 a year.
- At AED 181,843 a year the gross yield on the 2018 price is 6.3%, before a service charge of about AED 48,900 a year (AED 26.09 per sqft).
Source: Dubai Land Department. Updated 15 April 2024.
Questions about 1203, Mon Reve (Credo Tower)
What did unit 1203 last sell for?
AED 2,899,218 on 2 October 2018, sold by the developer: AED 1,546 per sqft for 1,875 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 181,843 a year on the contract renewed on 15 April 2024. The previous contract, from April 2023, was AED 156,000; the unit has been rented since March 2019.
How big is unit 1203?
1,875 sqft (174.2 sqm): a three-bedroom apartment on the 12th floor of a 15-storey tower completed in 2015.
What is unit 1203 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 1203, Mon Reve (Credo Tower)
Starts from the last sale price (AED 2.9M, 2 October 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 2,899,218
- Deposit, UAE resident (20%)
- AED 579,844
- Deposit, non-resident (40%)
- AED 1,159,687
- Monthly over 25 years at 3.7%
- AED 11,862
Plus AED 126,777 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →