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Studio · 515 sqftReef Residence, Jumeirah Village Circle (JVC) · 11th floor · completed 2017

1112, Reef Residence

Sold prices and rental history: sold twice, last in November 2023, and rented once, from July 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1112 · DLD and Ejari recordsUpdated 28 November 2023
Last soldAED 399K28 November 2023
Current rentAED 40K /yr10 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1112, Reef Residence

What is 1112 worth today?

Last sold for AED 399,000 in 2023

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28 Nov 2023SoldReady
AED 399,000AED 774 per sqft
10 Jul 2018RentedNew contract
AED 40,000/yr12 months · AED 77 per sqft
18 Oct 2016Sold by developerOff-plan
AED 534,766AED 1,038 per sqft

Source: Dubai Land Department. Updated 28 November 2023.

Key facts

Type
Studio apartment
Size
515 sqft
Floor
11th of 36
Parking
P3-43
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 7,300 /yr
Last sold
AED 399K · November 2023
Building
Reef Residence

About 1112, Reef Residence

1112 is a studio of 515 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 28 November 2023 for AED 399,000, or AED 774 per sqft, in line with the AED 775 studios in the building were fetching at the time.

One Ejari contract is registered, from 10 July 2018. The current contract, signed on 10 July 2018, is AED 40,000 a year: a gross yield of 10.0% on the 2023 price, before the service charge of about AED 7,300 a year.

Sales and rents for 1112 over time

Sales
Unit 1112, each saleTypical studio in Reef Residence
400K20152018202120242027Typical sale price by year: 2015 AED 472,880; 2016 AED 521,995; 2017 AED 540,540; 2018 AED 483,160; 2019 AED 350,000; 2020 AED 340,000; 2021 AED 321,250; 2022 AED 375,000; 2023 AED 401,000; 2024 AED 530,000; 2025 AED 548,750; 2026 AED 540,000Sold by developer, October 2016: AED 534,766 (AED 1,038 per sqft)Sold, November 2023: AED 399,000 (AED 774 per sqft)

1112 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 1112, each contractTypical studio in Reef Residence
30K40K50K2018202120242027Typical rent by year: 2018 AED 40,000; 2019 AED 38,000; 2020 AED 30,000; 2021 AED 25,000; 2022 AED 30,000; 2023 AED 36,000; 2024 AED 44,000; 2025 AED 46,452; 2026 AED 45,000New contract, July 2018: AED 40,000 a year

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 1112 sits

All 186 studios →

1112 last sold in November 2023 at AED 774 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 775). 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. 1112's AED 40,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
7 Sep 2026515,000
9 Jul 2026540,000
23 Jun 2026525,000
14 May 2026540,000
7 studio sales in the last 12 months

Reef Residence

Building

378 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 52K /yr
Typical yield
8.3%
Reef Residence, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 11th floor

All 378 units in Reef Residence
Value
1101StudioAED 540K · Sep 2016
1102StudioAED 460K · Oct 2023
11031-bedAED 662K · May 2016
11042-bedAED 1.25M · Aug 2023
11051-bedAED 695K · May 2016
1106StudioAED 533K · Feb 2018
1107StudioAED 535K · Jul 2016
1–7 of 11

1112, Reef Residence in numbers

  • Sold twice: first on 18 October 2016 for AED 534,766, last on 28 November 2023 for AED 399,000 (AED 774 per sqft).
  • Rented since July 2018 on one Ejari contract, at AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2023 price is 10.0%, 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 28 November 2023.

Questions about 1112, Reef Residence

What did unit 1112 last sell for?

AED 399,000 on 28 November 2023: AED 774 per sqft for 515 sqft. The unit has 2 registered sales; the first was AED 534,766 in October 2016.

What is the rent for unit 1112?

AED 40,000 a year on the contract signed on 10 July 2018.

How big is unit 1112?

515 sqft (47.8 sqm): a studio on the 11th floor of a 36-storey tower completed in 2017.

What is unit 1112 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 1112, Reef Residence

Starts from the last sale price (AED 399K, 28 November 2023). Switch to today's estimate once you have unlocked it.
Price
AED 399,000
Deposit, UAE resident (20%)
AED 79,800
Deposit, non-resident (40%)
AED 159,600
Monthly over 25 years at 3.7%
AED 1,632

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →