507, Reehan 1
Sold prices and rental history: sold twice, last in February 2022, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 507, Reehan 1
What is 507 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 23 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,405 sqft
- Floor
- 5th of 9
- Parking
- B-2217
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 29,000 /yr
- Last sold
- AED 2.35M · February 2022
- Building
- Reehan 1
About 507, Reehan 1
507 is a two-bedroom apartment of 1,405 sqft on the 5th floor of Reehan 1, a 9-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 15 February 2022 for AED 2,350,000, or AED 1,672 per sqft, 10% above the AED 1,525 two-beds in the building were fetching at the time.
It has been rented continuously since 2017 on 7 Ejari contracts. The current contract, renewed on 23 May 2024, is AED 155,000 a year: a gross yield of 6.6% on the 2022 price, before the service charge of about AED 29,000 a year.
Sales and rents for 507 over time
507 has sold twice; 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 Reehan 1, and where 507 sits
All 42 2-beds →507 last sold in February 2022 at AED 1,672 per sqft, 10% above what two-beds in Reehan 1 were fetching at the time (AED 1,525). Over the last 12 months two-beds sold for AED 2,958,000, around AED 2,351 per sqft, and rent for AED 178,022 to 260,000 a year. 507's AED 155,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 14 Jan 202614 January 2026 | 1,258 sqft | 2,958,000 | 2,351 | ||
| 10 Jul 202510 July 2025 | 1,258 sqft | 2,850,000 | 2,265 | ||
| 6 May 20256 May 2025 | 2,416 sqft | 4,100,000 | 1,696 | ||
| 13 Feb 202513 February 2025 | 1,517 sqft | 4,275,000 | 2,818 |
Reehan 1
Building63 apartments, 1-bed to 3-bed over 9 floors in The Old Town, completed in 2006 by Emaar. 2 sold in the last 12 months.
- Typical price per sqft
- AED 2,351
- Typical sale
- AED 2.96M
- Typical rent
- AED 115K /yr
- Typical yield
- 6.0%
Other units on the 5th floor
All 63 units in Reehan 1| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,354 sqft | AED 2.28MAED 2,275,000 · Nov 2021November 2021 | 113,000 /yr | |
| 502 | 2-bed | 1,517 sqft | AED 2.23MAED 2,225,000 · Mar 2019March 2019 | ||
| 503 | 2-bed | 1,221 sqft | AED 2.4MAED 2,400,000 · Aug 2023August 2023 | 205,553 /yr | |
| 504 | 1-bed | 826 sqft | AED 29KAED 29,371 · Dec 2025December 2025 | 112,000 /yr | |
| 505 | 1-bed | 773 sqft | AED 1.25MAED 1,250,000 · Apr 2022April 2022 | 72,000 /yr | |
| 506 | 2-bed | 1,258 sqft | AED 2.96MAED 2,958,000 · Jan 2026January 2026 | 133,100 /yr |
507, Reehan 1 in numbers
- Sold twice: first on 12 October 2011 for AED 1,760,000, last on 15 February 2022 for AED 2,350,000 (AED 1,672 per sqft).
- Rented since April 2017 on 7 Ejari contracts. The rent fell from AED 165,000 to AED 130,000 in 2022 and recovered to AED 155,000 by May 2024.
- At AED 155,000 a year the gross yield on the 2022 price is 6.6%, before a service charge of about AED 29,000 a year (AED 20.62 per sqft).
- Two-beds in Reehan 1 sold for AED 2,958,000–2,958,000 in the 12 months to November 2026; the building's median across all types is AED 2,351 per sqft.
Source: Dubai Land Department. Updated 23 May 2024.
Questions about 507, Reehan 1
What did unit 507 last sell for?
AED 2,350,000 on 15 February 2022: AED 1,672 per sqft for 1,405 sqft. The unit has 2 registered sales; the first was AED 1,760,000 in October 2011.
What is the rent for unit 507?
AED 155,000 a year on the contract renewed on 23 May 2024. The previous contract, from May 2023, was AED 155,000; the unit has been rented since April 2017.
How big is unit 507?
1,405 sqft (130.5 sqm): a two-bedroom apartment on the 5th floor of a 9-storey tower completed in 2006.
What is unit 507 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Reehan 1 sold for AED 2,958,000 to 2,958,000 in the last 12 months, around AED 2,351 per sqft.
Selling 507? 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 507, Reehan 1
Starts from the last sale price (AED 2.35M, 15 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 2,350,000
- Deposit, UAE resident (20%)
- AED 470,000
- Deposit, non-resident (40%)
- AED 940,000
- Monthly over 25 years at 3.7%
- AED 9,615
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →