408, Reehan 3
Sold prices and rental history: sold twice, last in February 2021, and rented continuously since 2013. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 408, Reehan 3
What is 408 worth today?
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Source: Dubai Land Department. Updated 3 January 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 2,035 sqft
- Floor
- 4th of 4
- Parking
- B-2312
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 42,000 /yr
- Last sold
- AED 2.6M · February 2021
- Building
- Reehan 3
About 408, Reehan 3
408 is a two-bedroom apartment of 2,035 sqft on the 4th floor of Reehan 3, a 4-storey tower in The Old Town completed in 2006 by Emaar. It last sold on 1 February 2021 for AED 2,600,000, or AED 1,277 per sqft.
It has been rented continuously since 2013 on 10 Ejari contracts. The current contract, signed on 3 January 2025, is AED 270,000 a year: a gross yield of 10.4% on the 2021 price, before the service charge of about AED 42,000 a year.
Sales and rents for 408 over time
408 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 3, and where 408 sits
All 20 2-beds →| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 6 Feb 20246 February 2024 | 1,338 sqft | 3,000,000 | 2,242 | ||
| 5 Dec 20235 December 2023 | 2,317 sqft | 3,950,000 | 1,704 | ||
| 16 Nov 202316 November 2023 | 1,412 sqft | 2,600,000 | 1,841 | ||
| 29 Jun 202229 June 2022 | 1,412 sqft | 2,150,000 | 1,522 |
Reehan 3
Building46 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%
Other units on the 4th floor
All 46 units in Reehan 3408, Reehan 3 in numbers
- Sold twice: first on 31 August 2010 for AED 2,104,888, last on 1 February 2021 for AED 2,600,000 (AED 1,277 per sqft).
- Rented since September 2013 on 10 Ejari contracts. The rent fell from AED 240,000 to AED 130,000 in 2020 and recovered to AED 270,000 by January 2025.
- At AED 270,000 a year the gross yield on the 2021 price is 10.4%, before a service charge of about AED 42,000 a year (AED 20.62 per sqft).
Source: Dubai Land Department. Updated 3 January 2025.
Questions about 408, Reehan 3
What did unit 408 last sell for?
AED 2,600,000 on 1 February 2021: AED 1,277 per sqft for 2,035 sqft. The unit has 2 registered sales; the first was AED 2,104,888 in August 2010.
What is the rent for unit 408?
AED 270,000 a year on the contract signed on 3 January 2025. The previous contract, from April 2023, was AED 275,500; the unit has been rented since September 2013.
How big is unit 408?
2,035 sqft (189.1 sqm): a two-bedroom apartment on the 4th floor of a 4-storey tower completed in 2006.
What is unit 408 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 408, Reehan 3
Starts from the last sale price (AED 2.6M, 1 February 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 2,600,000
- Deposit, UAE resident (20%)
- AED 520,000
- Deposit, non-resident (40%)
- AED 1,040,000
- Monthly over 25 years at 3.7%
- AED 10,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →