2-bed · 1,536 sqftMon Reve (Credo Tower), Downtown Dubai · 8th floor · completed 2015

803, Mon Reve (Credo Tower)

Sold prices and rental history: sold once, by the developer in March 2018, and rented once, from August 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 803 · DLD and Ejari recordsUpdated 15 August 2019
Last soldAED 2.45M28 March 2018
Current rentAED 105K /yr15 August 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 803, Mon Reve (Credo Tower)

What is 803 worth today?

Last sold for AED 2,451,602 in 2018

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15 Aug 2019RentedRenewal
AED 105,000/yr12 months · AED 68 per sqft
28 Mar 2018Sold by developerReady
AED 2,451,602AED 1,596 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 August 2019.

Key facts

Type
2-bed apartment
Size
1,536 sqft
Floor
8th of 15
Parking
P1-26
Developer
Credo Investments
Completed
2015
Service charge
AED 40,100 /yr
Last sold
AED 2.45M · March 2018

About 803, Mon Reve (Credo Tower)

803 is a two-bedroom apartment of 1,536 sqft on the 8th floor of Mon Reve (Credo Tower), a 15-storey tower in Downtown Dubai completed in 2015 by Credo Investments. The developer sold it on 28 March 2018 for AED 2,451,602, or AED 1,596 per sqft, in line with the AED 1,596 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 15 August 2019. The current contract, renewed on 15 August 2019, is AED 105,000 a year: a gross yield of 4.3% on the 2018 price, before the service charge of about AED 40,100 a year.

Sales and rents for 803 over time

Sales
Unit 803, each saleTypical two-bed in Mon Reve (Credo Tower)
2.2M2.4M2015201820212024Typical 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, March 2018: AED 2,451,602 (AED 1,596 per sqft)

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

Rents
Unit 803, 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 160,000Renewal, August 2019: AED 105,000 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 803 sits

All 47 2-beds →

803 last sold in March 2018 at AED 1,596 per sqft, in line with what two-beds in Mon Reve (Credo Tower) were fetching at the time (AED 1,596). 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. 803's AED 105,000 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 8th floor

All 81 units in Mon Reve (Credo Tower)
Value
8012-bedAED 2.17M · Mar 2018
8022-bedAED 2.17M · Mar 2018
8042-bedAED 2.23M · Mar 2018
8052-bedAED 2.35M · Mar 2018
8062-bedAED 2.47M · Mar 2018
8071-bedAED 1.36M · Mar 2018
8081-bedAED 1.36M · Mar 2018
1–7 of 8

803, Mon Reve (Credo Tower) in numbers

  • Sold once: by Credo Investments on 28 March 2018 for AED 2,451,602, or AED 1,596 per sqft.
  • Rented since August 2019 on one Ejari contract, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2018 price is 4.3%, before a service charge of about AED 40,100 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: YallaValue analysis of Dubai Land Department records. Updated 15 August 2019.

Questions about 803, Mon Reve (Credo Tower)

What did unit 803 last sell for?

AED 2,451,602 on 28 March 2018, sold by the developer: AED 1,596 per sqft for 1,536 sqft. It is the only registered sale of the unit.

What is the rent for unit 803?

AED 105,000 a year on the contract renewed on 15 August 2019.

How big is unit 803?

1,536 sqft (142.7 sqm): a two-bedroom apartment on the 8th floor of a 15-storey tower completed in 2015.

What is unit 803 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 803, Mon Reve (Credo Tower)

Starts from the last sale price (AED 2.45M, 28 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 2,451,602
Deposit, UAE resident (20%)
AED 490,320
Deposit, non-resident (40%)
AED 980,641
Monthly over 25 years at 3.7%
AED 10,030

Plus AED 107,977 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →