1406, Reef Residence
Sold prices and rental history: sold twice, last in March 2017, 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 1406, Reef Residence
What is 1406 worth today?
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Source: Dubai Land Department. Updated 5 May 2026.
Key facts
- Type
- Studio apartment
- Size
- 503 sqft
- Floor
- 14th of 36
- Parking
- P2-27
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,100 /yr
- Last sold
- AED 520K · March 2017
- Building
- Reef Residence
About 1406, Reef Residence
1406 is a studio of 503 sqft on the 14th 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 March 2017 for AED 520,000, or AED 1,034 per sqft, in line with the AED 1,045 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 5 May 2026, is AED 48,000 a year: a gross yield of 9.2% on the 2017 price, before the service charge of about AED 7,100 a year.
Sales and rents for 1406 over time
1406 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 1406 sits
All 186 studios →1406 last sold in March 2017 at AED 1,034 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 1,045). 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. 1406's AED 48,000 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 14th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1401 | Studio | 520 sqft | AED 500KAED 500,000 · Oct 2025October 2025 | 46,000 /yr | |
| 1402 | Studio | 529 sqft | AED 500KAED 500,000 · Oct 2025October 2025 | 53,000 /yr | |
| 1403 | 1-bed | 886 sqft | AED 662KAED 661,500 · May 2016May 2016 | 65,000 /yr | |
| 1404 | 2-bed | 1,537 sqft | AED 1.64MAED 1,635,000 · Sep 2026September 2026 | 90,000 /yr | |
| 1405 | 1-bed | 925 sqft | AED 760KAED 760,000 · Jun 2017June 2017 | ||
| 1407 | Studio | 514 sqft | AED 400KAED 400,000 · Sep 2023September 2023 | 42,000 /yr | |
| 1408 | Studio | 467 sqft | AED 330KAED 330,000 · Sep 2020September 2020 | 43,500 /yr | |
| 1409 | 1-bed | 826 sqft | AED 628KAED 627,750 · May 2016May 2016 | 70,000 /yr | |
| 1410 | 2-bed | 1,481 sqft | AED 1.4MAED 1,400,000 · Aug 2024August 2024 | 85,000 /yr | |
| 1411 | 1-bed | 798 sqft | AED 602KAED 602,250 · May 2016May 2016 | 70,000 /yr | |
| 1412 | Studio | 515 sqft | AED 500KAED 500,000 · Aug 2017August 2017 | 39,715 /yr |
1406, Reef Residence in numbers
- Sold twice: first on 13 April 2016 for AED 482,500, last on 12 March 2017 for AED 520,000 (AED 1,034 per sqft).
- Rented since December 2018 on 8 Ejari contracts. The rent fell from AED 43,000 to AED 24,000 in 2021 and recovered to AED 48,000 by May 2026.
- At AED 48,000 a year the gross yield on the 2017 price is 9.2%, 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 5 May 2026.
Questions about 1406, Reef Residence
What did unit 1406 last sell for?
AED 520,000 on 12 March 2017: AED 1,034 per sqft for 503 sqft. The unit has 2 registered sales; the first was AED 482,500 in April 2016.
What is the rent for unit 1406?
AED 48,000 a year on the contract renewed on 5 May 2026. The previous contract, from May 2025, was AED 48,000; the unit has been rented since December 2018.
How big is unit 1406?
503 sqft (46.7 sqm): a studio on the 14th floor of a 36-storey tower completed in 2017.
What is unit 1406 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 1406, Reef Residence
Starts from the last sale price (AED 520K, 12 March 2017). 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 →