1302, Reef Residence
Sold prices and rental history: sold twice, last in October 2023, 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 1302, Reef Residence
What is 1302 worth today?
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Source: Dubai Land Department. Updated 1 April 2026.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 13th of 36
- Parking
- P2-52
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 520K · October 2023
- Building
- Reef Residence
About 1302, Reef Residence
1302 is a studio of 529 sqft on the 13th 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 18 October 2023 for AED 520,000, or AED 983 per sqft, 27% above the AED 775 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 1 April 2026, is AED 45,000 a year: a gross yield of 8.6% on the 2023 price, before the service charge of about AED 7,500 a year.
Sales and rents for 1302 over time
1302 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 1302 sits
All 186 studios →1302 last sold in October 2023 at AED 983 per sqft, 27% above what studios in Reef Residence were fetching at the time (AED 775). 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. 1302's AED 45,000 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 13th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1301 | Studio | 520 sqft | AED 400KAED 400,000 · Sep 2023September 2023 | 46,000 /yr | |
| 1303 | 1-bed | 886 sqft | AED 860KAED 860,000 · Nov 2025November 2025 | 45,000 /yr | |
| 1304 | 2-bed | 1,537 sqft | AED 1.28MAED 1,277,785 · Feb 2017February 2017 | 125,000 /yr | |
| 1305 | 1-bed | 925 sqft | AED 850KAED 850,000 · Apr 2025April 2025 | 70,000 /yr | |
| 1306 | Studio | 503 sqft | AED 485KAED 485,000 · Nov 2017November 2017 | 41,000 /yr | |
| 1307 | Studio | 514 sqft | AED 540KAED 540,000 · Apr 2024April 2024 | 36,000 /yr | |
| 1308 | Studio | 467 sqft | AED 548KAED 547,500 · Feb 2025February 2025 | 45,000 /yr | |
| 1309 | 1-bed | 826 sqft | AED 705KAED 705,360 · Jun 2016June 2016 | 54,000 /yr | |
| 1310 | 2-bed | 1,481 sqft | AED 1.1MAED 1,102,500 · May 2016May 2016 | 120,000 /yr | |
| 1311 | 1-bed | 798 sqft | AED 602KAED 602,250 · May 2016May 2016 | 72,500 /yr | |
| 1312 | Studio | 515 sqft | AED 460KAED 460,000 · May 2024May 2024 | 55,000 /yr |
1302, Reef Residence in numbers
- Sold twice: first on 14 November 2016 for AED 561,255, last on 18 October 2023 for AED 520,000 (AED 983 per sqft).
- Rented since August 2018 on 5 Ejari contracts. The rent fell from AED 42,000 to AED 37,000 in 2025 and recovered to AED 45,000 by April 2026.
- At AED 45,000 a year the gross yield on the 2023 price is 8.6%, 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 1 April 2026.
Questions about 1302, Reef Residence
What did unit 1302 last sell for?
AED 520,000 on 18 October 2023: AED 983 per sqft for 529 sqft. The unit has 2 registered sales; the first was AED 561,255 in November 2016.
What is the rent for unit 1302?
AED 45,000 a year on the contract signed on 1 April 2026. The previous contract, from April 2025, was AED 45,000; the unit has been rented since August 2018.
How big is unit 1302?
529 sqft (49.1 sqm): a studio on the 13th floor of a 36-storey tower completed in 2017.
What is unit 1302 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 1302, Reef Residence
Starts from the last sale price (AED 520K, 18 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 520,000
- Deposit, UAE resident (20%)
- AED 104,000
- Deposit, non-resident (40%)
- AED 208,000
- Monthly over 25 years at 3.7%
- AED 2,127
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →