1208, Reef Residence
Sold prices and rental history: sold once, by the developer in March 2016, 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 1208, Reef Residence
What is 1208 worth today?
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Source: Dubai Land Department. Updated 20 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 467 sqft
- Floor
- 12th of 36
- Parking
- P2-55
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 6,600 /yr
- Last sold
- AED 473K · March 2016
- Building
- Reef Residence
About 1208, Reef Residence
1208 is a studio of 467 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 3 March 2016 for AED 472,680, or AED 1,011 per sqft, 8% above the AED 938 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 20 November 2024, is AED 44,000 a year: a gross yield of 9.3% on the 2016 price, before the service charge of about AED 6,600 a year.
Sales and rents for 1208 over time
1208 has sold once; 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 1208 sits
All 186 studios →1208 last sold in March 2016 at AED 1,011 per sqft, 8% above what studios in Reef Residence were fetching at the time (AED 938). 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. 1208's AED 44,000 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 | |
| 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 | |
| 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 |
1208, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 3 March 2016 for AED 472,680, or AED 1,011 per sqft.
- Rented since December 2018 on 5 Ejari contracts. The rent fell from AED 520,800 to AED 25,000 in 2021 and recovered to AED 44,000 by November 2024.
- At AED 44,000 a year the gross yield on the 2016 price is 9.3%, before a service charge of about AED 6,600 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 20 November 2024.
Questions about 1208, Reef Residence
What did unit 1208 last sell for?
AED 472,680 on 3 March 2016, sold by the developer: AED 1,011 per sqft for 467 sqft. It is the only registered sale of the unit.
What is the rent for unit 1208?
AED 44,000 a year on the contract signed on 20 November 2024. The previous contract, from November 2023, was AED 42,500; the unit has been rented since December 2018.
How big is unit 1208?
467 sqft (43.4 sqm): a studio on the 12th floor of a 36-storey tower completed in 2017.
What is unit 1208 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 1208, Reef Residence
Starts from the last sale price (AED 473K, 3 March 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 472,680
- Deposit, UAE resident (20%)
- AED 94,536
- Deposit, non-resident (40%)
- AED 189,072
- Monthly over 25 years at 3.7%
- AED 1,934
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →