1204, Mon Reve (Credo Tower)
Sold prices and rental history: sold once, by the developer in January 2019, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1204, Mon Reve (Credo Tower)
What is 1204 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2021.
Key facts
- Type
- 3-bed apartment
- Size
- 2,101 sqft
- Floor
- 12th of 15
- Parking
- G-35, G-36
- Developer
- Credo Investments
- Completed
- 2015
- Service charge
- AED 54,800 /yr
- Last sold
- AED 3.26M · January 2019
- Building
- Mon Reve (Credo Tower)
About 1204, Mon Reve (Credo Tower)
1204 is a three-bedroom apartment of 2,101 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 22 January 2019 for AED 3,255,901, or AED 1,549 per sqft, in line with the AED 1,554 three-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, renewed on 1 November 2021, is AED 120,000 a year: a gross yield of 3.7% on the 2019 price, before the service charge of about AED 54,800 a year.
Sales and rents for 1204 over time
1204 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 1204 sits
All 13 3-beds →1204 last sold in January 2019 at AED 1,549 per sqft, in line with what three-beds in Mon Reve (Credo Tower) were fetching at the time (AED 1,554).
| 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 | |
| 1203 | 3-bed | 1,875 sqft | AED 2.9MAED 2,899,218 · Oct 2018October 2018 | 181,843 /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 |
1204, Mon Reve (Credo Tower) in numbers
- Sold once: by Credo Investments on 22 January 2019 for AED 3,255,901, or AED 1,549 per sqft.
- Rented since February 2019 on 3 Ejari contracts. The rent fell from AED 125,360 to AED 100,000 in 2020 and recovered to AED 120,000 by November 2021.
- At AED 120,000 a year the gross yield on the 2019 price is 3.7%, before a service charge of about AED 54,800 a year (AED 26.09 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 1 November 2021.
Questions about 1204, Mon Reve (Credo Tower)
What did unit 1204 last sell for?
AED 3,255,901 on 22 January 2019, sold by the developer: AED 1,549 per sqft for 2,101 sqft. It is the only registered sale of the unit.
What is the rent for unit 1204?
AED 120,000 a year on the contract renewed on 1 November 2021. The previous contract, from November 2020, was AED 100,000; the unit has been rented since February 2019.
How big is unit 1204?
2,101 sqft (195.2 sqm): a three-bedroom apartment on the 12th floor of a 15-storey tower completed in 2015.
What is unit 1204 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 1204, Mon Reve (Credo Tower)
Starts from the last sale price (AED 3.26M, 22 January 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 3,255,901
- Deposit, UAE resident (20%)
- AED 651,180
- Deposit, non-resident (40%)
- AED 1,302,360
- Monthly over 25 years at 3.7%
- AED 13,321
Plus AED 141,758 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →