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2-bed · 1,354 sqftMon Reve (Credo Tower), Downtown Dubai · 13th floor · completed 2015

1301, Mon Reve (Credo Tower)

Sold prices and rental history: sold once, by the developer in April 2018, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1301 · DLD and Ejari recordsUpdated 10 March 2020
Last soldAED 2.15M15 April 2018
Current rentAED 95K /yr10 March 2020
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1301, Mon Reve (Credo Tower)

What is 1301 worth today?

Last sold for AED 2,152,268 in 2018

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10 Mar 2020RentedNew contract
AED 95,000/yr12 months · AED 70 per sqft
8 Jul 2019RentedRenewal
AED 110,000/yr12 months · AED 81 per sqft
8 Jul 2018RentedNew contract
AED 110,306/yr12 months · AED 81 per sqft
15 Apr 2018Sold by developerReady
AED 2,152,268AED 1,589 per sqft

Source: Dubai Land Department. Updated 10 March 2020.

Key facts

Type
2-bed apartment
Size
1,354 sqft
Floor
13th of 15
Parking
G-13
Developer
Credo Investments
Completed
2015
Service charge
AED 35,300 /yr
Last sold
AED 2.15M · April 2018
Building
Mon Reve (Credo Tower)

About 1301, Mon Reve (Credo Tower)

1301 is a two-bedroom apartment of 1,354 sqft on the 13th 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 2,152,268, or AED 1,589 per sqft, in line with the AED 1,565 two-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 10 March 2020, is AED 95,000 a year: a gross yield of 4.4% on the 2018 price, before the service charge of about AED 35,300 a year.

Sales and rents for 1301 over time

Sales
Unit 1301, each saleTypical two-bed in Mon Reve (Credo Tower)
2.2M2015201820212024Typical sale price by year: 2015 AED 2,312,168; 2018 AED 2,166,154; 2021 AED 2,167,658; 2022 AED 2,087,500; 2023 AED 2,200,000; 2025 AED 2,293,328Sold by developer, April 2018: AED 2,152,268 (AED 1,589 per sqft)

1301 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1301, each contractTypical two-bed in Mon Reve (Credo Tower)
100K150K20182020202220242026Typical rent by year: 2018 AED 105,000; 2019 AED 100,000; 2020 AED 90,000; 2021 AED 85,000; 2022 AED 103,615; 2023 AED 151,000; 2024 AED 165,000; 2025 AED 160,000New contract, July 2018: AED 110,306 a yearRenewal, July 2019: AED 110,000 a yearNew contract, March 2020: AED 95,000 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 Mon Reve (Credo Tower), and where 1301 sits

All 47 2-beds →

1301 last sold in April 2018 at AED 1,589 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. 1301's AED 95,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
30 Dec 20252,200,000
2 Jun 20252,236,656
2 Jun 20252,439,444
17 Feb 20252,350,000
1 2-bed sale in the last 12 months

Mon Reve (Credo Tower)

Building

81 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%
Mon Reve (Credo Tower), Downtown Dubai: prices, sales and rents →

Other units on the 13th floor

All 81 units in Mon Reve (Credo Tower)
Value
13022-bedAED 2.15M · Apr 2018
13033-bedAED 2.96M · Oct 2018
13043-bedAED 3.32M · Oct 2018
13053-bedAED 2.94M · Oct 2018
13062-bedAED 1.88M · Apr 2018
13072-bedAED 2.26M · Apr 2018

1301, Mon Reve (Credo Tower) in numbers

  • Sold once: by Credo Investments on 15 April 2018 for AED 2,152,268, or AED 1,589 per sqft.
  • Rented since July 2018 on 3 Ejari contracts, from AED 110,306 to AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2018 price is 4.4%, before a service charge of about AED 35,300 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 10 March 2020.

Questions about 1301, Mon Reve (Credo Tower)

What did unit 1301 last sell for?

AED 2,152,268 on 15 April 2018, sold by the developer: AED 1,589 per sqft for 1,354 sqft. It is the only registered sale of the unit.

What is the rent for unit 1301?

AED 95,000 a year on the contract signed on 10 March 2020. The previous contract, from July 2019, was AED 110,000; the unit has been rented since July 2018.

How big is unit 1301?

1,354 sqft (125.8 sqm): a two-bedroom apartment on the 13th floor of a 15-storey tower completed in 2015.

What is unit 1301 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.

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Mortgage on 1301, Mon Reve (Credo Tower)

Starts from the last sale price (AED 2.15M, 15 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,152,268
Deposit, UAE resident (20%)
AED 430,454
Deposit, non-resident (40%)
AED 860,907
Monthly over 25 years at 3.7%
AED 8,806

Plus AED 95,406 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →