1202, Reef Residence
Sold prices and rental history: sold 3 times, last in September 2021, 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 1202, Reef Residence
What is 1202 worth today?
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Source: Dubai Land Department. Updated 6 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 12th of 36
- Parking
- P2-58
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 350K · September 2021
- Building
- Reef Residence
About 1202, Reef Residence
1202 is a studio of 529 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 15 September 2021 for AED 350,000, or AED 662 per sqft, 7% above the AED 619 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 6 April 2026, is AED 50,000 a year: a gross yield of 14.3% on the 2021 price, before the service charge of about AED 7,500 a year.
Sales and rents for 1202 over time
1202 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 1202 sits
All 186 studios →1202 last sold in September 2021 at AED 662 per sqft, 7% above what studios in Reef Residence were fetching at the time (AED 619). 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. 1202's AED 50,000 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 12th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1201 | Studio | 520 sqft | AED 550KAED 550,000 · Sep 2024September 2024 | 66,000 /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 |
1202, Reef Residence in numbers
- Sold 3 times: first on 11 October 2016 for AED 558,620, last on 15 September 2021 for AED 350,000 (AED 662 per sqft).
- Rented since April 2018 on 5 Ejari contracts. The rent fell from AED 52,000 to AED 35,000 in 2021 and recovered to AED 50,000 by April 2026.
- At AED 50,000 a year the gross yield on the 2021 price is 14.3%, 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 6 April 2026.
Questions about 1202, Reef Residence
What did unit 1202 last sell for?
AED 350,000 on 15 September 2021: AED 662 per sqft for 529 sqft. The unit has 3 registered sales; the first was AED 558,620 in October 2016.
What is the rent for unit 1202?
AED 50,000 a year on the contract signed on 6 April 2026. The previous contract, from May 2021, was AED 35,000; the unit has been rented since April 2018.
How big is unit 1202?
529 sqft (49.1 sqm): a studio on the 12th floor of a 36-storey tower completed in 2017.
What is unit 1202 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 1202, Reef Residence
Starts from the last sale price (AED 350K, 15 September 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 350,000
- Deposit, UAE resident (20%)
- AED 70,000
- Deposit, non-resident (40%)
- AED 140,000
- Monthly over 25 years at 3.7%
- AED 1,432
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →