1001, Reef Residence
Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1001, Reef Residence
What is 1001 worth today?
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Source: Dubai Land Department. Updated 10 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 520 sqft
- Floor
- 10th of 36
- Parking
- P3-44
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,400 /yr
- Last sold
- AED 524K · June 2016
- Building
- Reef Residence
About 1001, Reef Residence
1001 is a studio of 520 sqft on the 10th floor of Reef Residence, a 36-storey tower in Jumeirah Village Circle (JVC) completed in 2017 by Sama Alkhaleej Real Estate Development Co. The developer sold it on 26 June 2016 for AED 524,190, or AED 1,008 per sqft, 4% above the AED 967 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 10 January 2026, is AED 48,000 a year: a gross yield of 9.2% on the 2016 price, before the service charge of about AED 7,400 a year.
Sales and rents for 1001 over time
1001 has sold once; the dashed line is the studio median of each year in the building.
Annual rent on each registered contract; the dashed line is the studio median of each year in the building.
Studios in Reef Residence, and where 1001 sits
All 186 studios →1001 last sold in June 2016 at AED 1,008 per sqft, 4% above what studios in Reef Residence were fetching at the time (AED 967). Over the last 12 months studios sold for AED 515,000 to 595,000, around AED 1,040 per sqft, and rent for AED 30,000 to 75,600 a year. 1001's AED 48,000 is in the lower half of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 7 Sep 20267 September 2026 | 503 sqft | 515,000 | 1,024 | ||
| 9 Jul 20269 July 2026 | 520 sqft | 540,000 | 1,038 | ||
| 23 Jun 202623 June 2026 | 514 sqft | 525,000 | 1,021 | ||
| 14 May 202614 May 2026 | 467 sqft | 540,000 | 1,155 |
Reef Residence
Building378 apartments, studios to 2-bed over 36 floors in Jumeirah Village Circle (JVC), completed in 2017 by Sama Alkhaleej Real Estate Development Co. 22 sold in the last 12 months.
- Typical price per sqft
- AED 1,023 Down 1.7%
- Typical sale
- AED 870K
- Typical rent
- AED 52K /yr
- Typical yield
- 8.3%
Other units on the 10th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1002 | Studio | 529 sqft | AED 400KAED 400,000 · Jun 2020June 2020 | 48,000 /yr | |
| 1003 | 1-bed | 886 sqft | AED 794KAED 793,800 · Aug 2015August 2015 | 75,000 /yr | |
| 1004 | 2-bed | 1,537 sqft | AED 1.29MAED 1,290,240 · Jun 2017June 2017 | ||
| 1005 | 1-bed | 925 sqft | AED 695KAED 694,500 · May 2016May 2016 | 72,000 /yr | |
| 1006 | Studio | 503 sqft | AED 482KAED 481,920 · May 2016May 2016 | 25,000 /yr | |
| 1007 | Studio | 514 sqft | AED 475KAED 475,000 · Feb 2024February 2024 | 31,500 /yr | |
| 1008 | Studio | 467 sqft | AED 435KAED 435,000 · Jul 2018July 2018 | 41,000 /yr | |
| 1009 | 1-bed | 826 sqft | AED 715KAED 715,000 · Jul 2023July 2023 | 52,000 /yr | |
| 1010 | 2-bed | 1,481 sqft | AED 1.3MAED 1,297,569 · Apr 2016April 2016 | 120,000 /yr | |
| 1011 | 1-bed | 798 sqft | AED 771KAED 770,880 · Mar 2016March 2016 | 70,000 /yr | |
| 1012 | Studio | 515 sqft | AED 519KAED 519,140 · Oct 2015October 2015 | 44,000 /yr |
1001, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 26 June 2016 for AED 524,190, or AED 1,008 per sqft.
- Rented since August 2018 on 7 Ejari contracts. The rent fell from AED 43,000 to AED 24,000 in 2020 and recovered to AED 48,000 by January 2026.
- At AED 48,000 a year the gross yield on the 2016 price is 9.2%, before a service charge of about AED 7,400 a year (AED 14.20 per sqft).
- Studios in Reef Residence sold for AED 515,000–595,000 in the 12 months to November 2026; the building's median across all types is AED 1,023 per sqft.
Source: Dubai Land Department. Updated 10 January 2026.
Questions about 1001, Reef Residence
What did unit 1001 last sell for?
AED 524,190 on 26 June 2016, sold by the developer: AED 1,008 per sqft for 520 sqft. It is the only registered sale of the unit.
What is the rent for unit 1001?
AED 48,000 a year on the contract renewed on 10 January 2026. The previous contract, from January 2025, was AED 48,000; the unit has been rented since August 2018.
How big is unit 1001?
520 sqft (48.3 sqm): a studio on the 10th floor of a 36-storey tower completed in 2017.
What is unit 1001 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Studios in Reef Residence sold for AED 515,000 to 595,000 in the last 12 months, around AED 1,040 per sqft.
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Mortgage on 1001, Reef Residence
Starts from the last sale price (AED 524K, 26 June 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 524,190
- Deposit, UAE resident (20%)
- AED 104,838
- Deposit, non-resident (40%)
- AED 209,676
- Monthly over 25 years at 3.7%
- AED 2,145
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →