507, Reehan 7
Sold prices and rental history: sold once, by the developer in February 2011, 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 507, Reehan 7
What is 507 worth today?
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Source: Dubai Land Department. Updated 18 May 2024.
Key facts
- Type
- 2-bed apartment
- Size
- 1,405 sqft
- Floor
- 5th of 9
- Parking
- B-2280
- Developer
- Emaar
- Completed
- 2006
- Service charge
- AED 29,000 /yr
- Last sold
- AED 1.24M · February 2011
- Building
- Reehan 7
About 507, Reehan 7
507 is a two-bedroom apartment of 1,405 sqft on the 5th floor of Reehan 7, a 9-storey tower in The Old Town completed in 2006 by Emaar. The developer sold it on 23 February 2011 for AED 1,243,944, or AED 885 per sqft, 35% below the AED 1,362 two-beds in the building were fetching at the time.
It has been rented continuously since 2013 on 11 Ejari contracts. The current contract, renewed on 18 May 2024, is AED 105,000 a year: a gross yield of 8.4% on the 2011 price, before the service charge of about AED 29,000 a year.
Sales and rents for 507 over time
507 has sold once; 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 7, and where 507 sits
All 42 2-beds →507 last sold in February 2011 at AED 885 per sqft, 35% below what two-beds in Reehan 7 were fetching at the time (AED 1,362). Over the last 12 months two-beds sold for AED 3,025,000 to 3,400,000, around AED 2,464 per sqft, and rent for AED 210,000 to 360,000 a year. 507's AED 105,000 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 10 Feb 202610 February 2026 | 1,258 sqft | 3,100,000 | 2,464 | ||
| 29 Dec 202529 December 2025 | 1,221 sqft | 3,400,000 | 2,784 | ||
| 23 Jul 202523 July 2025 | 1,354 sqft | 3,475,000 | 2,566 | ||
| 23 May 202523 May 2025 | 1,221 sqft | 3,200,000 | 2,620 |
Reehan 7
Building65 apartments, 1-bed to 3-bed over 9 floors in The Old Town, completed in 2006 by Emaar. 4 sold in the last 12 months.
- Typical price per sqft
- AED 2,464
- Typical sale
- AED 3.1M
- Typical rent
- AED 120K /yr
- Typical yield
- 6.0%
Other units on the 5th floor
All 65 units in Reehan 7| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | 2-bed | 1,354 sqft | AED 1.85MAED 1,850,000 · Jan 2022January 2022 | 8,000 /yr | |
| 502 | 2-bed | 1,517 sqft | AED 2.2MAED 2,200,000 · May 2012May 2012 | 168,000 /yr | |
| 503 | 2-bed | 1,221 sqft | AED 3.4MAED 3,400,000 · Dec 2025December 2025 | 200,000 /yr | |
| 504 | 1-bed | 826 sqft | AED 1.1MAED 1,100,000 · May 2012May 2012 | 87,584 /yr | |
| 505 | 1-bed | 773 sqft | AED 1.37MAED 1,370,000 · May 2023May 2023 | 60,000 /yr | |
| 506 | 2-bed | 1,258 sqft | AED 2.7MAED 2,700,000 · Aug 2014August 2014 | 125,000 /yr |
507, Reehan 7 in numbers
- Sold once: by Emaar on 23 February 2011 for AED 1,243,944, or AED 885 per sqft.
- Rented since February 2013 on 11 Ejari contracts, from AED 128,000 to AED 105,000 a year.
- At AED 105,000 a year the gross yield on the 2011 price is 8.4%, before a service charge of about AED 29,000 a year (AED 20.62 per sqft).
- Two-beds in Reehan 7 sold for AED 3,025,000–3,400,000 in the 12 months to November 2026; the building's median across all types is AED 2,464 per sqft.
Source: Dubai Land Department. Updated 18 May 2024.
Questions about 507, Reehan 7
What did unit 507 last sell for?
AED 1,243,944 on 23 February 2011, sold by the developer: AED 885 per sqft for 1,405 sqft. It is the only registered sale of the unit.
What is the rent for unit 507?
AED 105,000 a year on the contract renewed on 18 May 2024. The previous contract, from May 2023, was AED 105,000; the unit has been rented since February 2013.
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 7 sold for AED 3,025,000 to 3,400,000 in the last 12 months, around AED 2,464 per sqft.
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Mortgage on 507, Reehan 7
Starts from the last sale price (AED 1.24M, 23 February 2011). Switch to today's estimate once you have unlocked it.- Price
- AED 1,243,944
- Deposit, UAE resident (20%)
- AED 248,789
- Deposit, non-resident (40%)
- AED 497,578
- Monthly over 25 years at 3.7%
- AED 5,089
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →