1409, Reef Residence
Sold prices and rental history: sold once, by the developer in May 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 1409, Reef Residence
What is 1409 worth today?
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Source: Dubai Land Department. Updated 15 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 826 sqft
- Floor
- 14th of 36
- Parking
- P2-76
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 11,700 /yr
- Last sold
- AED 628K · May 2016
- Building
- Reef Residence
About 1409, Reef Residence
1409 is a one-bedroom apartment of 826 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. The developer sold it on 12 May 2016 for AED 627,750, or AED 760 per sqft, 6% below the AED 806 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 15 February 2026, is AED 70,000 a year: a gross yield of 11.2% on the 2016 price, before the service charge of about AED 11,700 a year.
Sales and rents for 1409 over time
1409 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Reef Residence, and where 1409 sits
All 127 1-beds →1409 last sold in May 2016 at AED 760 per sqft, 6% below what one-beds in Reef Residence were fetching at the time (AED 806). Over the last 12 months one-beds sold for AED 810,000 to 995,000, around AED 993 per sqft, and rent for AED 40,000 to 82,500 a year. 1409's AED 70,000 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Sep 20268 September 2026 | 886 sqft | 840,000 | 948 | ||
| 16 Jul 202616 July 2026 | 886 sqft | 26,488 | 29 | ||
| 8 Jul 20268 July 2026 | 826 sqft | 995,000 | 1,205 | ||
| 15 May 202615 May 2026 | 798 sqft | 810,000 | 1,015 |
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 | |
| 1408 | Studio | 467 sqft | AED 330KAED 330,000 · Sep 2020September 2020 | 43,500 /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 |
1409, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 12 May 2016 for AED 627,750, or AED 760 per sqft.
- Rented since July 2018 on 6 Ejari contracts. The rent fell from AED 60,000 to AED 48,000 in 2020 and recovered to AED 70,000 by February 2026.
- At AED 70,000 a year the gross yield on the 2016 price is 11.2%, before a service charge of about AED 11,700 a year (AED 14.20 per sqft).
- One-beds in Reef Residence sold for AED 810,000–995,000 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 15 February 2026.
Questions about 1409, Reef Residence
What did unit 1409 last sell for?
AED 627,750 on 12 May 2016, sold by the developer: AED 760 per sqft for 826 sqft. It is the only registered sale of the unit.
What is the rent for unit 1409?
AED 70,000 a year on the contract signed on 15 February 2026. The previous contract, from March 2025, was AED 71,000; the unit has been rented since July 2018.
How big is unit 1409?
826 sqft (76.7 sqm): a one-bedroom apartment on the 14th floor of a 36-storey tower completed in 2017.
What is unit 1409 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reef Residence sold for AED 810,000 to 995,000 in the last 12 months, around AED 993 per sqft.
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Mortgage on 1409, Reef Residence
Starts from the last sale price (AED 628K, 12 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 627,750
- Deposit, UAE resident (20%)
- AED 125,550
- Deposit, non-resident (40%)
- AED 251,100
- Monthly over 25 years at 3.7%
- AED 2,568
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →