709, Mon Reve (Credo Tower)
Sold prices and rental history: sold twice, last in June 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 709, Mon Reve (Credo Tower)
What is 709 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 3 November 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 824 sqft
- Floor
- 7th of 15
- Parking
- P2-8
- Developer
- Credo Investments
- Completed
- 2015
- Service charge
- AED 21,500 /yr
- Last sold
- AED 1.49M · June 2023
- Building
- Mon Reve (Credo Tower)
About 709, Mon Reve (Credo Tower)
709 is a one-bedroom apartment of 824 sqft on the 7th floor of Mon Reve (Credo Tower), a 15-storey tower in Downtown Dubai completed in 2015 by Credo Investments. It last sold on 20 June 2023 for AED 1,485,000, or AED 1,802 per sqft, in line with the AED 1,757 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 3 November 2023, is AED 120,000 a year: a gross yield of 8.1% on the 2023 price, before the service charge of about AED 21,500 a year.
Sales and rents for 709 over time
709 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Mon Reve (Credo Tower), and where 709 sits
All 18 1-beds →709 last sold in June 2023 at AED 1,802 per sqft, in line with what one-beds in Mon Reve (Credo Tower) were fetching at the time (AED 1,757). 709's AED 120,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 12 Jun 202512 June 2025 | 870 sqft | 1,500,000 | 1,723 | ||
| 11 Jun 202511 June 2025 | 854 sqft | 1,600,000 | 1,874 | ||
| 12 Nov 202412 November 2024 | 870 sqft | 1,475,000 | 1,694 | ||
| 26 Oct 202326 October 2023 | 870 sqft | 1,250,000 | 1,436 |
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 7th floor
All 81 units in Mon Reve (Credo Tower)| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | 2-bed | 1,356 sqft | AED 2.13MAED 2,130,000 · Oct 2023October 2023 | 150,000 /yr | |
| 702 | 2-bed | 1,380 sqft | AED 2MAED 2,000,000 · Jan 2022January 2022 | ||
| 703 | 2-bed | 1,537 sqft | AED 2.89MAED 2,890,000 · Oct 2018October 2018 | 160,000 /yr | |
| 704 | 2-bed | 1,400 sqft | AED 2.17MAED 2,169,597 · Oct 2023October 2023 | ||
| 705 | 2-bed | 1,468 sqft | AED 2.35MAED 2,350,000 · Nov 2023November 2023 | ||
| 707 | 1-bed | 852 sqft | AED 1.55MAED 1,552,320 · Jul 2015July 2015 | 45,000 /yr | |
| 708 | 1-bed | 854 sqft | AED 1.6MAED 1,600,000 · Jun 2025June 2025 | 110,000 /yr |
709, Mon Reve (Credo Tower) in numbers
- Sold twice: first on 2 June 2015 for AED 1,620,637, last on 20 June 2023 for AED 1,485,000 (AED 1,802 per sqft).
- Rented since December 2018 on 4 Ejari contracts. The rent fell from AED 70,000 to AED 62,000 in 2020 and recovered to AED 120,000 by November 2023.
- At AED 120,000 a year the gross yield on the 2023 price is 8.1%, before a service charge of about AED 21,500 a year (AED 26.09 per sqft).
Source: YallaValue analysis of Dubai Land Department records. Updated 3 November 2023.
Questions about 709, Mon Reve (Credo Tower)
What did unit 709 last sell for?
AED 1,485,000 on 20 June 2023: AED 1,802 per sqft for 824 sqft. The unit has 2 registered sales; the first was AED 1,620,637 in June 2015.
What is the rent for unit 709?
AED 120,000 a year on the contract signed on 3 November 2023. The previous contract, from December 2020, was AED 62,000; the unit has been rented since December 2018.
How big is unit 709?
824 sqft (76.6 sqm): a one-bedroom apartment on the 7th floor of a 15-storey tower completed in 2015.
What is unit 709 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 709, Mon Reve (Credo Tower)
Starts from the last sale price (AED 1.49M, 20 June 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 1,485,000
- Deposit, UAE resident (20%)
- AED 297,000
- Deposit, non-resident (40%)
- AED 594,000
- Monthly over 25 years at 3.7%
- AED 6,076
Plus AED 67,380 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →