1201, Reef Residence
Sold prices and rental history: sold 3 times, last in September 2024, 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 1201, Reef Residence
What is 1201 worth today?
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Source: Dubai Land Department. Updated 15 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 520 sqft
- Floor
- 12th of 36
- Parking
- P2-59
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,400 /yr
- Last sold
- AED 550K · September 2024
- Building
- Reef Residence
About 1201, Reef Residence
1201 is a studio of 520 sqft on the 12th 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 30 September 2024 for AED 550,000, or AED 1,058 per sqft, 6% above the AED 996 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 15 September 2026, is AED 66,000 a year: a gross yield of 12.0% on the 2024 price, before the service charge of about AED 7,400 a year.
Sales and rents for 1201 over time
1201 has sold 3 times; 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 1201 sits
All 186 studios →1201 last sold in September 2024 at AED 1,058 per sqft, 6% above what studios in Reef Residence were fetching at the time (AED 996). 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. 1201's AED 66,000 is in the upper 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 12th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1202 | Studio | 529 sqft | AED 350KAED 350,000 · Sep 2021September 2021 | 50,000 /yr | |
| 1203 | 1-bed | 886 sqft | AED 662KAED 661,500 · May 2016May 2016 | 68,000 /yr | |
| 1204 | 2-bed | 1,537 sqft | AED 1.45MAED 1,450,000 · Oct 2024October 2024 | ||
| 1205 | 1-bed | 925 sqft | AED 850KAED 850,000 · Mar 2025March 2025 | 56,000 /yr | |
| 1206 | Studio | 503 sqft | AED 492KAED 491,960 · Sep 2017September 2017 | 42,000 /yr | |
| 1207 | Studio | 514 sqft | AED 410KAED 410,000 · Oct 2022October 2022 | 50,400 /yr | |
| 1208 | Studio | 467 sqft | AED 473KAED 472,680 · Mar 2016March 2016 | 44,000 /yr | |
| 1209 | 1-bed | 826 sqft | AED 628KAED 627,750 · May 2016May 2016 | 68,000 /yr | |
| 1210 | 2-bed | 1,481 sqft | AED 1.3MAED 1,300,000 · Mar 2024March 2024 | 125,000 /yr | |
| 1211 | 1-bed | 798 sqft | AED 602KAED 602,250 · May 2016May 2016 | 63,000 /yr | |
| 1212 | Studio | 515 sqft | AED 529KAED 529,420 · Mar 2016March 2016 | 45,000 /yr |
1201, Reef Residence in numbers
- Sold 3 times: first on 17 May 2016 for AED 425,000, last on 30 September 2024 for AED 550,000 (AED 1,058 per sqft).
- Rented since May 2018 on 9 Ejari contracts. The rent fell from AED 40,000 to AED 26,000 in 2021 and recovered to AED 66,000 by September 2026.
- At AED 66,000 a year the gross yield on the 2024 price is 12.0%, before a service charge of about AED 7,400 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 15 September 2026.
Questions about 1201, Reef Residence
What did unit 1201 last sell for?
AED 550,000 on 30 September 2024: AED 1,058 per sqft for 520 sqft. The unit has 3 registered sales; the first was AED 425,000 in May 2016.
What is the rent for unit 1201?
AED 66,000 a year on the contract signed on 15 September 2026. The previous contract, from May 2026, was AED 56,400; the unit has been rented since May 2018.
How big is unit 1201?
520 sqft (48.3 sqm): a studio on the 12th floor of a 36-storey tower completed in 2017.
What is unit 1201 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 1201, Reef Residence
Starts from the last sale price (AED 550K, 30 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 550,000
- Deposit, UAE resident (20%)
- AED 110,000
- Deposit, non-resident (40%)
- AED 220,000
- Monthly over 25 years at 3.7%
- AED 2,250
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →