3-bed · 1,878 sqftReehan 3, The Old Town · 3rd floor · completed 2006

305, Reehan 3

Sold prices and rental history: sold once, by the developer in October 2012, and rented continuously since 2014. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 305 · DLD and Ejari recordsUpdated 15 January 2022
Last soldAED 2.17M9 October 2012
Current rentAED 130K /yr15 January 2022
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 305, Reehan 3

What is 305 worth today?

Last sold for AED 2,167,500 in 2012

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15 Jan 2022RentedRenewal
AED 130,000/yr12 months · AED 69 per sqft
10 Feb 2020RentedNew contract
AED 160,000/yr12 months · AED 85 per sqft
10 Dec 2018RentedRenewal
AED 180,000/yr12 months · AED 96 per sqft
10 Dec 2017RentedNew contract
AED 190,000/yr12 months · AED 101 per sqft
15 Jun 2016RentedNew contract
AED 252,000/yr12 months · AED 135 per sqft
15 Apr 2015RentedNew contract
AED 270,000/yr12 months · AED 144 per sqft
16 Feb 2014RentedNew contract
AED 250,000/yr12 months · AED 133 per sqft
9 Oct 2012Sold by developerReady
AED 2,167,500AED 1,154 per sqft

Source: Dubai Land Department. Updated 15 January 2022.

Key facts

Type
3-bed apartment
Size
1,878 sqft
Floor
3rd of 4
Parking
B-2514-2515
Developer
Emaar
Completed
2006
Service charge
AED 38,700 /yr
Last sold
AED 2.17M · October 2012
Building
Reehan 3

About 305, Reehan 3

305 is a three-bedroom apartment of 1,878 sqft on the 3rd floor of Reehan 3, a 4-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 9 October 2012 for AED 2,167,500, or AED 1,154 per sqft, 23% below the AED 1,495 three-beds in the building were fetching at the time.

It has been rented continuously since 2014 on 7 Ejari contracts. The current contract, renewed on 15 January 2022, is AED 130,000 a year: a gross yield of 6.0% on the 2012 price, before the service charge of about AED 38,700 a year.

Sales and rents for 305 over time

Sales
Unit 305, each saleTypical three-bed in Reehan 3
2M3M2010201120122013Typical sale price by year: 2010 AED 2,596,888; 2012 AED 3,311,116Sold by developer, October 2012: AED 2,167,500 (AED 1,154 per sqft)

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

Rents
Unit 305, each contractTypical three-bed in Reehan 3
200K20132016201920222025Typical rent by year: 2013 AED 218,785; 2016 AED 265,000; 2017 AED 240,000; 2018 AED 215,000; 2019 AED 232,500; 2020 AED 160,000; 2024 AED 260,000New contract, February 2014: AED 250,000 a yearNew contract, April 2015: AED 270,000 a yearNew contract, June 2016: AED 252,000 a yearNew contract, December 2017: AED 190,000 a yearRenewal, December 2018: AED 180,000 a yearNew contract, February 2020: AED 160,000 a yearRenewal, January 2022: AED 130,000 a year

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

3-beds in Reehan 3, and where 305 sits

All 7 3-beds →

305 last sold in October 2012 at AED 1,154 per sqft, 23% below what three-beds in Reehan 3 were fetching at the time (AED 1,495).

Recent 3-bed salesUnit no.Price (AED)Summary
14 Mar 20255,600,000
30 Mar 20212,950,000
1 Oct 20184,900,000
3 Mar 20132,900,000
0 3-bed sales in the last 12 months

Reehan 3

Building

46 apartments, 1-bed to 3-bed over 4 floors in The Old Town, completed in 2006 by Emaar. 1 sold in the last 12 months.

Typical price per sqft
AED 61
Typical sale
AED 49K
Typical rent
AED 136K /yr
Typical yield
216.8%
Reehan 3, The Old Town: prices, sales and rents →

Other units on the 3rd floor

All 46 units in Reehan 3
Value
3011-bedAED 1.8M · Jul 2025
3021-bedAED 975K · Jul 2010
3032-bedAED 1.52M · Sep 2013
3042-bedAED 2.6M · Nov 2023
3061-bedAED 2.3M · Nov 2024
3071-bedAED 1.68M · May 2023
3082-bedAED 1.95M · Oct 2012
1–7 of 10

305, Reehan 3 in numbers

  • Sold once: by Emaar on 9 October 2012 for AED 2,167,500, or AED 1,154 per sqft.
  • Rented since February 2014 on 7 Ejari contracts, from AED 250,000 to AED 130,000 a year.
  • At AED 130,000 a year the gross yield on the 2012 price is 6.0%, before a service charge of about AED 38,700 a year (AED 20.62 per sqft).

Source: Dubai Land Department. Updated 15 January 2022.

Questions about 305, Reehan 3

What did unit 305 last sell for?

AED 2,167,500 on 9 October 2012, sold by the developer: AED 1,154 per sqft for 1,878 sqft. It is the only registered sale of the unit.

What is the rent for unit 305?

AED 130,000 a year on the contract renewed on 15 January 2022. The previous contract, from February 2020, was AED 160,000; the unit has been rented since February 2014.

How big is unit 305?

1,878 sqft (174.5 sqm): a three-bedroom apartment on the 3rd floor of a 4-storey tower completed in 2006.

What is unit 305 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 305, Reehan 3

Starts from the last sale price (AED 2.17M, 9 October 2012). Switch to today's estimate once you have unlocked it.
Price
AED 2,167,500
Deposit, UAE resident (20%)
AED 433,500
Deposit, non-resident (40%)
AED 867,000
Monthly over 25 years at 3.7%
AED 8,868

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →