1102, Reef Residence
Sold prices and rental history: sold twice, last in October 2023, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1102, Reef Residence
What is 1102 worth today?
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Source: Dubai Land Department. Updated 17 October 2023.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 11th of 36
- Parking
- P3-39
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 460K · October 2023
- Building
- Reef Residence
About 1102, Reef Residence
1102 is a studio of 529 sqft on the 11th 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 17 October 2023 for AED 460,000, or AED 870 per sqft, 13% above the AED 771 studios in the building were fetching at the time.
It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 15 September 2022, is AED 31,000 a year: a gross yield of 6.7% on the 2023 price, before the service charge of about AED 7,500 a year.
Sales and rents for 1102 over time
1102 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 1102 sits
All 186 studios →1102 last sold in October 2023 at AED 870 per sqft, 13% above what studios in Reef Residence were fetching at the time (AED 771). 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. 1102's AED 31,000 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 11th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1101 | Studio | 520 sqft | AED 540KAED 539,968 · Sep 2016September 2016 | 40,000 /yr | |
| 1103 | 1-bed | 886 sqft | AED 662KAED 661,500 · May 2016May 2016 | 70,000 /yr | |
| 1104 | 2-bed | 1,537 sqft | AED 1.25MAED 1,250,000 · Aug 2023August 2023 | 120,000 /yr | |
| 1105 | 1-bed | 925 sqft | AED 695KAED 694,500 · May 2016May 2016 | 72,000 /yr | |
| 1106 | Studio | 503 sqft | AED 533KAED 532,500 · Feb 2018February 2018 | 34,000 /yr | |
| 1107 | Studio | 514 sqft | AED 535KAED 534,767 · Jul 2016July 2016 | 36,000 /yr | |
| 1108 | Studio | 467 sqft | AED 456KAED 455,500 · Mar 2016March 2016 | 43,000 /yr | |
| 1109 | 1-bed | 826 sqft | AED 697KAED 696,652 · May 2016May 2016 | 78,750 /yr | |
| 1110 | 2-bed | 1,481 sqft | AED 1.35MAED 1,350,000 · May 2024May 2024 | 153,000 /yr | |
| 1111 | 1-bed | 798 sqft | AED 602KAED 602,250 · May 2016May 2016 | 72,500 /yr | |
| 1112 | Studio | 515 sqft | AED 399KAED 399,000 · Nov 2023November 2023 | 40,000 /yr |
1102, Reef Residence in numbers
- Sold twice: first on 23 February 2017 for AED 537,325, last on 17 October 2023 for AED 460,000 (AED 870 per sqft).
- Rented since September 2018 on 2 Ejari contracts, from AED 41,000 to AED 31,000 a year.
- At AED 31,000 a year the gross yield on the 2023 price is 6.7%, before a service charge of about AED 7,500 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 17 October 2023.
Questions about 1102, Reef Residence
What did unit 1102 last sell for?
AED 460,000 on 17 October 2023: AED 870 per sqft for 529 sqft. The unit has 2 registered sales; the first was AED 537,325 in February 2017.
What is the rent for unit 1102?
AED 31,000 a year on the contract signed on 15 September 2022. The previous contract, from September 2018, was AED 41,000.
How big is unit 1102?
529 sqft (49.1 sqm): a studio on the 11th floor of a 36-storey tower completed in 2017.
What is unit 1102 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 1102, Reef Residence
Starts from the last sale price (AED 460K, 17 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →