1107, Reef Residence
Sold prices and rental history: sold once, by the developer in July 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 1107, Reef Residence
What is 1107 worth today?
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Source: Dubai Land Department. Updated 17 March 2023.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 11th of 36
- Parking
- P3-41
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 535K · July 2016
- Building
- Reef Residence
About 1107, Reef Residence
1107 is a studio of 514 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. The developer sold it on 10 July 2016 for AED 534,767, or AED 1,040 per sqft, 7% above the AED 968 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 17 March 2023, is AED 36,000 a year: a gross yield of 6.7% on the 2016 price, before the service charge of about AED 7,300 a year.
Sales and rents for 1107 over time
1107 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 1107 sits
All 186 studios →1107 last sold in July 2016 at AED 1,040 per sqft, 7% above what studios in Reef Residence were fetching at the time (AED 968). 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. 1107's AED 36,000 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 | |
| 1102 | Studio | 529 sqft | AED 460KAED 460,000 · Oct 2023October 2023 | 31,000 /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 | |
| 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 |
1107, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 10 July 2016 for AED 534,767, or AED 1,040 per sqft.
- Rented since April 2018 on 5 Ejari contracts. The rent fell from AED 39,000 to AED 24,000 in 2021 and recovered to AED 36,000 by March 2023.
- At AED 36,000 a year the gross yield on the 2016 price is 6.7%, before a service charge of about AED 7,300 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 March 2023.
Questions about 1107, Reef Residence
What did unit 1107 last sell for?
AED 534,767 on 10 July 2016, sold by the developer: AED 1,040 per sqft for 514 sqft. It is the only registered sale of the unit.
What is the rent for unit 1107?
AED 36,000 a year on the contract signed on 17 March 2023. The previous contract, from February 2021, was AED 24,000; the unit has been rented since April 2018.
How big is unit 1107?
514 sqft (47.8 sqm): a studio on the 11th floor of a 36-storey tower completed in 2017.
What is unit 1107 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 1107, Reef Residence
Starts from the last sale price (AED 535K, 10 July 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 534,767
- Deposit, UAE resident (20%)
- AED 106,953
- Deposit, non-resident (40%)
- AED 213,907
- Monthly over 25 years at 3.7%
- AED 2,188
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →