1408, Reef Residence
Sold prices and rental history: sold twice, last in September 2020, 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 1408, Reef Residence
What is 1408 worth today?
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Source: Dubai Land Department. Updated 20 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 467 sqft
- Floor
- 14th of 36
- Parking
- P2-49
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 6,600 /yr
- Last sold
- AED 330K · September 2020
- Building
- Reef Residence
About 1408, Reef Residence
1408 is a studio of 467 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 29 September 2020 for AED 330,000, or AED 706 per sqft, 7% above the AED 662 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 20 February 2026, is AED 43,500 a year: a gross yield of 13.2% on the 2020 price, before the service charge of about AED 6,600 a year.
Sales and rents for 1408 over time
1408 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 1408 sits
All 186 studios →1408 last sold in September 2020 at AED 706 per sqft, 7% above what studios in Reef Residence were fetching at the time (AED 662). 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. 1408's AED 43,500 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 | ||
| 1406 | Studio | 503 sqft | AED 520KAED 520,000 · Mar 2017March 2017 | 48,000 /yr | |
| 1407 | Studio | 514 sqft | AED 400KAED 400,000 · Sep 2023September 2023 | 42,000 /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 |
1408, Reef Residence in numbers
- Sold twice: first on 6 April 2016 for AED 455,500, last on 29 September 2020 for AED 330,000 (AED 706 per sqft).
- Rented since February 2019 on 7 Ejari contracts. The rent fell from AED 40,000 to AED 30,000 in 2022 and recovered to AED 43,500 by February 2026.
- At AED 43,500 a year the gross yield on the 2020 price is 13.2%, 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 February 2026.
Questions about 1408, Reef Residence
What did unit 1408 last sell for?
AED 330,000 on 29 September 2020: AED 706 per sqft for 467 sqft. The unit has 2 registered sales; the first was AED 455,500 in April 2016.
What is the rent for unit 1408?
AED 43,500 a year on the contract renewed on 20 February 2026. The previous contract, from February 2025, was AED 43,000; the unit has been rented since February 2019.
How big is unit 1408?
467 sqft (43.4 sqm): a studio on the 14th floor of a 36-storey tower completed in 2017.
What is unit 1408 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 1408, Reef Residence
Starts from the last sale price (AED 330K, 29 September 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 330,000
- Deposit, UAE resident (20%)
- AED 66,000
- Deposit, non-resident (40%)
- AED 132,000
- Monthly over 25 years at 3.7%
- AED 1,350
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →