1205, Mon Reve (Credo Tower)
Sold prices and rental history: sold once, by the developer in January 2019, 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 1205, Mon Reve (Credo Tower)
What is 1205 worth today?
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Source: Dubai Land Department. Updated 21 August 2023.
Key facts
- Type
- 3-bed apartment
- Size
- 1,852 sqft
- Floor
- 12th of 15
- Parking
- G-26,P1-11
- Developer
- Credo Investments
- Completed
- 2015
- Service charge
- AED 48,300 /yr
- Last sold
- AED 2.89M · January 2019
- Building
- Mon Reve (Credo Tower)
About 1205, Mon Reve (Credo Tower)
1205 is a three-bedroom apartment of 1,852 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 2,887,772, or AED 1,559 per sqft, in line with the AED 1,554 three-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 21 August 2023, is AED 151,800 a year: a gross yield of 5.3% on the 2019 price, before the service charge of about AED 48,300 a year.
Sales and rents for 1205 over time
1205 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 1205 sits
All 13 3-beds →1205 last sold in January 2019 at AED 1,559 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 | |
| 1204 | 3-bed | 2,101 sqft | AED 3.26MAED 3,255,901 · Jan 2019January 2019 | 120,000 /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 |
1205, Mon Reve (Credo Tower) in numbers
- Sold once: by Credo Investments on 22 January 2019 for AED 2,887,772, or AED 1,559 per sqft.
- Rented since February 2019 on 6 Ejari contracts, from AED 115,000 to AED 151,800 a year.
- At AED 151,800 a year the gross yield on the 2019 price is 5.3%, before a service charge of about AED 48,300 a year (AED 26.09 per sqft).
Source: Dubai Land Department. Updated 21 August 2023.
Questions about 1205, Mon Reve (Credo Tower)
What did unit 1205 last sell for?
AED 2,887,772 on 22 January 2019, sold by the developer: AED 1,559 per sqft for 1,852 sqft. It is the only registered sale of the unit.
What is the rent for unit 1205?
AED 151,800 a year on the contract renewed on 21 August 2023. The previous contract, from August 2022, was AED 132,000; the unit has been rented since February 2019.
How big is unit 1205?
1,852 sqft (172.1 sqm): a three-bedroom apartment on the 12th floor of a 15-storey tower completed in 2015.
What is unit 1205 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 1205, Mon Reve (Credo Tower)
Starts from the last sale price (AED 2.89M, 22 January 2019). Switch to today's estimate once you have unlocked it.- Price
- AED 2,887,772
- Deposit, UAE resident (20%)
- AED 577,554
- Deposit, non-resident (40%)
- AED 1,155,109
- Monthly over 25 years at 3.7%
- AED 11,815
Plus AED 126,297 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →