1008, Reef Residence
Sold prices and rental history: sold twice, last in July 2018, and rented continuously since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1008, Reef Residence
What is 1008 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 10 January 2026.
Key facts
- Type
- Studio apartment
- Size
- 467 sqft
- Floor
- 10th of 36
- Parking
- P3-36
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 6,600 /yr
- Last sold
- AED 435K · July 2018
- Building
- Reef Residence
About 1008, Reef Residence
1008 is a studio of 467 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. It last sold on 11 July 2018 for AED 435,000, or AED 930 per sqft, 6% below the AED 992 studios in the building were fetching at the time.
It has been rented continuously since 2021 on 6 Ejari contracts. The current contract, renewed on 10 January 2026, is AED 41,000 a year: a gross yield of 9.4% on the 2018 price, before the service charge of about AED 6,600 a year.
Sales and rents for 1008 over time
1008 has sold twice; 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 1008 sits
All 186 studios →1008 last sold in July 2018 at AED 930 per sqft, 6% below what studios in Reef Residence were fetching at the time (AED 992). 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. 1008's AED 41,000 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 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 | ||
| 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 | |
| 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 |
1008, Reef Residence in numbers
- Sold twice: first on 11 August 2015 for AED 463,320, last on 11 July 2018 for AED 435,000 (AED 930 per sqft).
- Rented since January 2021 on 6 Ejari contracts, from AED 23,000 to AED 41,000 a year.
- At AED 41,000 a year the gross yield on the 2018 price is 9.4%, before a service charge of about AED 6,600 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 1008, Reef Residence
What did unit 1008 last sell for?
AED 435,000 on 11 July 2018: AED 930 per sqft for 467 sqft. The unit has 2 registered sales; the first was AED 463,320 in August 2015.
What is the rent for unit 1008?
AED 41,000 a year on the contract renewed on 10 January 2026. The previous contract, from January 2025, was AED 39,000; the unit has been rented since January 2021.
How big is unit 1008?
467 sqft (43.4 sqm): a studio on the 10th floor of a 36-storey tower completed in 2017.
What is unit 1008 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.
Selling 1008? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1008, Reef Residence
Starts from the last sale price (AED 435K, 11 July 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 435,000
- Deposit, UAE resident (20%)
- AED 87,000
- Deposit, non-resident (40%)
- AED 174,000
- Monthly over 25 years at 3.7%
- AED 1,780
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →