1203, Reef Residence
Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1203, Reef Residence
What is 1203 worth today?
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Source: Dubai Land Department. Updated 25 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 12th of 36
- Parking
- P2-66
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 662K · May 2016
- Building
- Reef Residence
About 1203, Reef Residence
1203 is a one-bedroom apartment of 886 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. The developer sold it on 12 May 2016 for AED 661,500, or AED 746 per sqft, 7% below the AED 806 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 25 October 2026, is AED 68,000 a year: a gross yield of 10.3% on the 2016 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1203 over time
1203 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Reef Residence, and where 1203 sits
All 127 1-beds →1203 last sold in May 2016 at AED 746 per sqft, 7% below what one-beds in Reef Residence were fetching at the time (AED 806). Over the last 12 months one-beds sold for AED 810,000 to 995,000, around AED 993 per sqft, and rent for AED 40,000 to 82,500 a year. 1203's AED 68,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Sep 20268 September 2026 | 886 sqft | 840,000 | 948 | ||
| 16 Jul 202616 July 2026 | 886 sqft | 26,488 | 29 | ||
| 8 Jul 20268 July 2026 | 826 sqft | 995,000 | 1,205 | ||
| 15 May 202615 May 2026 | 798 sqft | 810,000 | 1,015 |
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 | |
| 1202 | Studio | 529 sqft | AED 350KAED 350,000 · Sep 2021September 2021 | 50,000 /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 |
1203, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 12 May 2016 for AED 661,500, or AED 746 per sqft.
- Rented since May 2019 on 6 Ejari contracts. The rent fell from AED 54,706 to AED 46,000 in 2022 and recovered to AED 68,000 by October 2026.
- At AED 68,000 a year the gross yield on the 2016 price is 10.3%, before a service charge of about AED 12,600 a year (AED 14.20 per sqft).
- One-beds in Reef Residence sold for AED 810,000–995,000 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 25 October 2026.
Questions about 1203, Reef Residence
What did unit 1203 last sell for?
AED 661,500 on 12 May 2016, sold by the developer: AED 746 per sqft for 886 sqft. It is the only registered sale of the unit.
What is the rent for unit 1203?
AED 68,000 a year on the contract renewed on 25 October 2026. The previous contract, from October 2025, was AED 68,000; the unit has been rented since May 2019.
How big is unit 1203?
886 sqft (82.3 sqm): a one-bedroom apartment on the 12th floor of a 36-storey tower completed in 2017.
What is unit 1203 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reef Residence sold for AED 810,000 to 995,000 in the last 12 months, around AED 993 per sqft.
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Mortgage on 1203, Reef Residence
Starts from the last sale price (AED 662K, 12 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 661,500
- Deposit, UAE resident (20%)
- AED 132,300
- Deposit, non-resident (40%)
- AED 264,600
- Monthly over 25 years at 3.7%
- AED 2,706
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →