1206, Mon Reve (Credo Tower)
Sold prices and rental history: sold once, by the developer in April 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 1206, Mon Reve (Credo Tower)
What is 1206 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 1 August 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,197 sqft
- Floor
- 12th of 15
- Parking
- G-25
- Developer
- Credo Investments
- Completed
- 2015
- Service charge
- AED 31,200 /yr
- Last sold
- AED 1.84M · April 2018
- Building
- Mon Reve (Credo Tower)
About 1206, Mon Reve (Credo Tower)
1206 is a two-bedroom apartment of 1,197 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 15 April 2018 for AED 1,842,286, or AED 1,538 per sqft, in line with the AED 1,565 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, renewed on 1 August 2024, is AED 130,927 a year: a gross yield of 7.1% on the 2018 price, before the service charge of about AED 31,200 a year.
Sales and rents for 1206 over time
1206 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Mon Reve (Credo Tower), and where 1206 sits
All 47 2-beds →1206 last sold in April 2018 at AED 1,538 per sqft, in line with what two-beds in Mon Reve (Credo Tower) were fetching at the time (AED 1,565). Over the last 12 months two-beds sold for AED 2,200,000, around AED 1,837 per sqft, and rent for AED 150,000 to 170,000 a year. 1206's AED 130,927 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 30 Dec 202530 December 2025 | 1,197 sqft | 2,200,000 | 1,837 | ||
| 2 Jun 20252 June 2025 | 1,864 sqft | 2,236,656 | 1,199 | ||
| 2 Jun 20252 June 2025 | 2,033 sqft | 2,439,444 | 1,199 | ||
| 17 Feb 202517 February 2025 | 1,198 sqft | 2,350,000 | 1,960 |
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 | |
| 1205 | 3-bed | 1,852 sqft | AED 2.89MAED 2,887,772 · Jan 2019January 2019 | 151,800 /yr | |
| 1207 | 2-bed | 1,405 sqft | AED 2.22MAED 2,220,218 · Apr 2018April 2018 | 146,439 /yr |
1206, Mon Reve (Credo Tower) in numbers
- Sold once: by Credo Investments on 15 April 2018 for AED 1,842,286, or AED 1,538 per sqft.
- Rented since August 2019 on 5 Ejari contracts, from AED 90,000 to AED 130,927 a year.
- At AED 130,927 a year the gross yield on the 2018 price is 7.1%, before a service charge of about AED 31,200 a year (AED 26.09 per sqft).
- Two-beds in Mon Reve (Credo Tower) sold for AED 2,200,000–2,200,000 in the 12 months to November 2026; the building's median across all types is AED 1,837 per sqft.
Source: Dubai Land Department. Updated 1 August 2024.
Questions about 1206, Mon Reve (Credo Tower)
What did unit 1206 last sell for?
AED 1,842,286 on 15 April 2018, sold by the developer: AED 1,538 per sqft for 1,197 sqft. It is the only registered sale of the unit.
What is the rent for unit 1206?
AED 130,927 a year on the contract renewed on 1 August 2024. The previous contract, from August 2023, was AED 113,850; the unit has been rented since August 2019.
How big is unit 1206?
1,197 sqft (111.2 sqm): a two-bedroom apartment on the 12th floor of a 15-storey tower completed in 2015.
What is unit 1206 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Mon Reve (Credo Tower) sold for AED 2,200,000 to 2,200,000 in the last 12 months, around AED 1,837 per sqft.
Selling 1206? 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.
Mortgage on 1206, Mon Reve (Credo Tower)
Starts from the last sale price (AED 1.84M, 15 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 1,842,286
- Deposit, UAE resident (20%)
- AED 368,457
- Deposit, non-resident (40%)
- AED 736,914
- Monthly over 25 years at 3.7%
- AED 7,537
Plus AED 82,386 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →