2 Bed | High Floor | Burj Khalifa View | Rented at 6% ROI

2BR | Burj View | Tenanted 6% ROI | Old Town Reehan 1

AED 3,700,000 2 Bed · 3 bath · 1,220 sqft

Reehan 1 — Old Town, Downtown Dubai, Downtown Dubai, Dubai

About this property

A two-bedroom of 1,220 sqft high in Reehan 1, Old Town Downtown, facing the Burj Khalifa, tenanted at approximately 6% ROI.

6% on a Downtown asset is a strong return — the district usually trades well below that on yield, and Old Town's low-rise stock is scarce.

The same 1,220 sqft layout as the low-floor unit in this building, AED 200,000 more, with the Burj in view and income already running.

Sold with the tenancy in place.

Features

• 2 Bedroom Apartment
• 3 Bathrooms
• 1,220 sqft built-up area
• High floor
• Burj Khalifa view
• Currently tenanted — approx. 6% ROI
• Income from day one
• Old Town — low-rise Arabesque quarter
• Freehold title

Amenities

• Balcony
• Built-in Wardrobes
• Concierge Service
• Covered Parking
• Landmark View
• Security 24/7
• Shared Gym
• Shared Pool

About Reehan 1 — Old Town

Old Town is the low-rise Arabesque quarter of Downtown Dubai — Reehan, Yansoon, Zanzebeel and Miska — built as a walkable neighbourhood of courtyards and shaded lanes behind Dubai Mall.

The buildings are four to six storeys with traditional detailing, arranged around gardens and water features rather than along roads, which makes it the quietest part of Downtown despite being the closest to the mall and the fountain.

Each building has its own pool, gym and gated parking, with the Souk Al Bahar restaurants and the fountain promenade a short walk away.

Old Town stock is finite and does not get rebuilt, which is what supports values here.

About Downtown Dubai

Downtown Dubai is Emaar's flagship district and the address most people picture when they picture the city — the Burj Khalifa, the Dubai Fountain, Dubai Mall and the Opera District all sit inside it.

The district divides into distinct pockets. The Boulevard ring holds the newer towers and the Address-branded hotels. Old Town — Reehan, Yansoon, Zanzebeel, Miska — is the low-rise Arabesque quarter behind the mall, with courtyards and shaded lanes rather than towers. The Opera District holds the newest stock, including Grande, Act One Act Two and the Opera House itself.

Dubai Mall alone draws over 100 million visits a year, and the metro, the Boulevard and Sheikh Zayed Road all meet here — which is why Downtown holds its occupancy through cycles where newer districts do not.

Rental demand is the structural argument for Downtown. The short-stay market is the deepest in the city, and long-term tenants pay a premium for walkability to the mall and the metro.

Downtown Dubai is freehold, and the developable land inside the district is effectively exhausted — new supply now comes from a handful of infill plots rather than from open ground.

Property details

Enquire on WhatsApp or call +971 54 281 55 82.