1003, Reef Residence
Sold prices and rental history: sold once, by the developer in August 2015, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1003, Reef Residence
What is 1003 worth today?
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Source: Dubai Land Department. Updated 21 December 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 10th of 36
- Parking
- P2-18
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 794K · August 2015
- Building
- Reef Residence
About 1003, Reef Residence
1003 is a one-bedroom apartment of 886 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 3 August 2015 for AED 793,800, or AED 896 per sqft, 7% above the AED 840 one-beds in the building were fetching at the time.
It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 21 December 2023, is AED 75,000 a year: a gross yield of 9.4% on the 2015 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1003 over time
1003 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Reef Residence, and where 1003 sits
All 127 1-beds →1003 last sold in August 2015 at AED 896 per sqft, 7% above what one-beds in Reef Residence were fetching at the time (AED 840). Over the last 12 months one-beds sold for AED 810,000 to 995,000, around AED 993 per sqft, and rent for AED 40,000 to 82,500 a year. 1003's AED 75,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Sep 20268 September 2026 | 886 sqft | 840,000 | 948 | ||
| 16 Jul 202616 July 2026 | 886 sqft | 26,488 | 29 | ||
| 8 Jul 20268 July 2026 | 826 sqft | 995,000 | 1,205 | ||
| 15 May 202615 May 2026 | 798 sqft | 810,000 | 1,015 |
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 53K /yr
- Typical yield
- 8.3%
Other units on the 10th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1001 | Studio | 520 sqft | AED 524KAED 524,190 · Jun 2016June 2016 | 48,000 /yr | |
| 1002 | Studio | 529 sqft | AED 400KAED 400,000 · Jun 2020June 2020 | 48,000 /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 |
1003, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 3 August 2015 for AED 793,800, or AED 896 per sqft.
- Rented since April 2018 on 2 Ejari contracts, from AED 66,000 to AED 75,000 a year.
- At AED 75,000 a year the gross yield on the 2015 price is 9.4%, before a service charge of about AED 12,600 a year (AED 14.20 per sqft).
- One-beds in Reef Residence sold for AED 810,000–995,000 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 21 December 2023.
Questions about 1003, Reef Residence
What did unit 1003 last sell for?
AED 793,800 on 3 August 2015, sold by the developer: AED 896 per sqft for 886 sqft. It is the only registered sale of the unit.
What is the rent for unit 1003?
AED 75,000 a year on the contract signed on 21 December 2023. The previous contract, from April 2018, was AED 66,000.
How big is unit 1003?
886 sqft (82.3 sqm): a one-bedroom apartment on the 10th floor of a 36-storey tower completed in 2017.
What is unit 1003 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reef Residence sold for AED 810,000 to 995,000 in the last 12 months, around AED 993 per sqft.
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Mortgage on 1003, Reef Residence
Starts from the last sale price (AED 794K, 3 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 793,800
- Deposit, UAE resident (20%)
- AED 158,760
- Deposit, non-resident (40%)
- AED 317,520
- Monthly over 25 years at 3.7%
- AED 3,248
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →