1005, Reef Residence
Sold prices and rental history: sold once, by the developer in May 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 1005, Reef Residence
What is 1005 worth today?
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Source: Dubai Land Department. Updated 25 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 925 sqft
- Floor
- 10th of 36
- Parking
- P2-17
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 13,100 /yr
- Last sold
- AED 695K · May 2016
- Building
- Reef Residence
About 1005, Reef Residence
1005 is a one-bedroom apartment of 925 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 12 May 2016 for AED 694,500, or AED 750 per sqft, 7% below the AED 806 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 25 February 2026, is AED 72,000 a year: a gross yield of 10.4% on the 2016 price, before the service charge of about AED 13,100 a year.
Sales and rents for 1005 over time
1005 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 1005 sits
All 127 1-beds →1005 last sold in May 2016 at AED 750 per sqft, 7% below what one-beds in Reef Residence were fetching at the time (AED 806). 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. 1005's AED 72,000 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 | |
| 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 | ||
| 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 |
1005, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 12 May 2016 for AED 694,500, or AED 750 per sqft.
- Rented since July 2018 on 7 Ejari contracts. The rent fell from AED 60,000 to AED 48,000 in 2022 and recovered to AED 72,000 by February 2026.
- At AED 72,000 a year the gross yield on the 2016 price is 10.4%, before a service charge of about AED 13,100 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 25 February 2026.
Questions about 1005, Reef Residence
What did unit 1005 last sell for?
AED 694,500 on 12 May 2016, sold by the developer: AED 750 per sqft for 925 sqft. It is the only registered sale of the unit.
What is the rent for unit 1005?
AED 72,000 a year on the contract signed on 25 February 2026. The previous contract, from April 2025, was AED 71,000; the unit has been rented since July 2018.
How big is unit 1005?
925 sqft (85.9 sqm): a one-bedroom apartment on the 10th floor of a 36-storey tower completed in 2017.
What is unit 1005 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 1005, Reef Residence
Starts from the last sale price (AED 695K, 12 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 694,500
- Deposit, UAE resident (20%)
- AED 138,900
- Deposit, non-resident (40%)
- AED 277,800
- Monthly over 25 years at 3.7%
- AED 2,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →