1206, Reef Residence
Sold prices and rental history: sold twice, last in September 2017, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1206, Reef Residence
What is 1206 worth today?
Unlock today's estimate, updated daily, with
Verify once to see valuations for every property. Everything else on this page is open.
Source: Dubai Land Department. Updated 17 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 503 sqft
- Floor
- 12th of 36
- Parking
- P2-57
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,100 /yr
- Last sold
- AED 492K · September 2017
- Building
- Reef Residence
About 1206, Reef Residence
1206 is a studio of 503 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 12 September 2017 for AED 491,960, or AED 978 per sqft, 8% below the AED 1,063 studios in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 17 March 2026, is AED 42,000 a year: a gross yield of 8.5% on the 2017 price, before the service charge of about AED 7,100 a year.
Sales and rents for 1206 over time
1206 has sold twice; 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 1206 sits
All 186 studios →1206 last sold in September 2017 at AED 978 per sqft, 8% below what studios in Reef Residence were fetching at the time (AED 1,063). 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. 1206's AED 42,000 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 | |
| 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 | |
| 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 |
1206, Reef Residence in numbers
- Sold twice: first on 1 March 2016 for AED 491,960, last on 12 September 2017 for AED 491,960 (AED 978 per sqft).
- Rented since March 2020 on 3 Ejari contracts, from AED 34,000 to AED 42,000 a year.
- At AED 42,000 a year the gross yield on the 2017 price is 8.5%, before a service charge of about AED 7,100 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 2026.
Questions about 1206, Reef Residence
What did unit 1206 last sell for?
AED 491,960 on 12 September 2017: AED 978 per sqft for 503 sqft. The unit has 2 registered sales; the first was AED 491,960 in March 2016.
What is the rent for unit 1206?
AED 42,000 a year on the contract renewed on 17 March 2026. The previous contract, from March 2023, was AED 40,000; the unit has been rented since March 2020.
How big is unit 1206?
503 sqft (46.7 sqm): a studio on the 12th floor of a 36-storey tower completed in 2017.
What is unit 1206 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.
Selling 1206? Put it on the OpenOffers board
Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.
Mortgage on 1206, Reef Residence
Starts from the last sale price (AED 492K, 12 September 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 491,960
- Deposit, UAE resident (20%)
- AED 98,392
- Deposit, non-resident (40%)
- AED 196,784
- Monthly over 25 years at 3.7%
- AED 2,013
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →