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4-bed · 6,298 sqftLe Reve Tower, Dubai Marina · 14th floor · completed 2006

1401, Le Reve Tower

Sold prices and rental history: sold twice, last in April 2011, and rented since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1401 · DLD and Ejari recordsUpdated 25 October 2020
Last soldAED 12.8M18 April 2011
Current rentAED 150K /yr25 October 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1401, Le Reve Tower

What is 1401 worth today?

Last sold for AED 12,800,000 in 2011

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25 Oct 2020RentedRenewal
AED 150,000/yr36 months · AED 24 per sqft
25 Oct 2017RentedRenewal
AED 150,000/yr36 months · AED 24 per sqft
25 Oct 2014RentedNew contract · flagged as an outlier
AED 50,000/yr36 months · AED 8 per sqft
18 Apr 2011SoldReady
AED 12,800,000AED 2,098 per sqft
7 Apr 2008Sold by developerReady
AED 9,000,000AED 1,475 per sqft

Source: Dubai Land Department. Updated 25 October 2020.

Key facts

Type
4-bed apartment
Size
6,298 sqft
Floor
14th of 49
Parking
P1/ 41&42
Developer
Xtreme Vision
Completed
2006
Service charge
AED 124,400 /yr
Last sold
AED 12.8M · April 2011
Building
Le Reve Tower

About 1401, Le Reve Tower

1401 is a four-bedroom apartment of 6,298 sqft on the 14th floor of Le Reve Tower, a 49-storey tower in Dubai Marina completed in 2006 by Xtreme Vision. It last sold on 18 April 2011 for AED 12,800,000, or AED 2,098 per sqft, 7% above the AED 1,967 four-beds in the building were fetching at the time.

It has been rented since 2014 on 3 Ejari contracts. The current contract, renewed on 25 October 2020, is AED 150,000 a year: a gross yield of 1.2% on the 2011 price, before the service charge of about AED 124,400 a year.

Sales and rents for 1401 over time

Sales
Unit 1401, each saleTypical four-bed in Le Reve Tower
10M20M2008201320182023Typical sale price by year: 2008 AED 8,725,632; 2009 AED 8,649,904; 2011 AED 13,300,000; 2012 AED 15,250,000; 2013 AED 20,000,000; 2015 AED 19,000,000; 2017 AED 12,200,000; 2020 AED 6,825,649; 2023 AED 13,000,000; 2024 AED 15,350,000Sold by developer, April 2008: AED 9,000,000 (AED 1,475 per sqft)Sold, April 2011: AED 12,800,000 (AED 2,098 per sqft)

1401 has sold twice; the dashed line is the four-bed median of each year in the building.

Rents
Unit 1401, each contractTypical four-bed in Le Reve Tower
500K2013201720212025Typical rent by year: 2013 AED 760,000; 2014 AED 562,018; 2015 AED 500,000; 2016 AED 775,000; 2017 AED 175,000; 2018 AED 662,500; 2020 AED 395,000; 2021 AED 500,000; 2022 AED 560,000; 2023 AED 700,000; 2024 AED 850,000; 2025 AED 850,000Renewal, October 2017: AED 150,000 a yearRenewal, October 2020: AED 150,000 a year

Annual rent on each registered contract; the dashed line is the four-bed median of each year in the building.

4-beds in Le Reve Tower, and where 1401 sits

All 65 4-beds →

1401 last sold in April 2011 at AED 2,098 per sqft, 7% above what four-beds in Le Reve Tower were fetching at the time (AED 1,967). Over the last 12 months four-beds sold for AED 18,000,000, around AED 2,853 per sqft, and rent for AED 900,000 to 900,000 a year.

Recent 4-bed salesUnit no.Price (AED)Summary
29 Dec 202518,000,000
24 Jul 202515,000,000
20 Aug 202415,350,000
12 Jun 202415,350,000
1 4-bed sale in the last 12 months

Le Reve Tower

Building

81 apartments, 2-bed to 8-bed over 49 floors in Dubai Marina, completed in 2006 by Xtreme Vision. 1 sold in the last 12 months.

Typical price per sqft
AED 2,853
Typical sale
AED 18M
Typical rent
AED 550K /yr
Typical yield
3.8%
Le Reve Tower, Dubai Marina: prices, sales and rents →

Other units on the 14th floor

All 81 units in Le Reve Tower
Value
14024-bedAED 8.97M · Apr 2008

1401, Le Reve Tower in numbers

  • Sold twice: first on 7 April 2008 for AED 9,000,000, last on 18 April 2011 for AED 12,800,000 (AED 2,098 per sqft).
  • Rented since October 2014 on 3 Ejari contracts, from AED 50,000 to AED 150,000 a year.
  • At AED 150,000 a year the gross yield on the 2011 price is 1.2%, before a service charge of about AED 124,400 a year (AED 19.75 per sqft).
  • Four-beds in Le Reve Tower sold for AED 18,000,000–18,000,000 in the 12 months to November 2026; the building's median across all types is AED 2,853 per sqft.

Source: Dubai Land Department. Updated 25 October 2020.

Questions about 1401, Le Reve Tower

What did unit 1401 last sell for?

AED 12,800,000 on 18 April 2011: AED 2,098 per sqft for 6,298 sqft. The unit has 2 registered sales; the first was AED 9,000,000 in April 2008.

What is the rent for unit 1401?

AED 150,000 a year on the contract renewed on 25 October 2020. The previous contract, from October 2017, was AED 150,000; the unit has been rented since October 2014.

How big is unit 1401?

6,298 sqft (585.1 sqm): a four-bedroom apartment on the 14th floor of a 49-storey tower completed in 2006.

What is unit 1401 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Four-beds in Le Reve Tower sold for AED 18,000,000 to 18,000,000 in the last 12 months, around AED 2,853 per sqft.

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Mortgage on 1401, Le Reve Tower

Starts from the last sale price (AED 12.8M, 18 April 2011). Switch to today's estimate once you have unlocked it.
Price
AED 12,800,000
Deposit, UAE resident (20%)
AED 2,560,000
Deposit, non-resident (40%)
AED 5,120,000
Monthly over 25 years at 3.7%
AED 52,369

Plus AED 542,610 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →