1601, Reef Residence
Sold prices and rental history: sold once, by the developer in April 2016, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1601, Reef Residence
What is 1601 worth today?
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Source: Dubai Land Department. Updated 15 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 520 sqft
- Floor
- 16th of 36
- Parking
- P2-47
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,400 /yr
- Last sold
- AED 505K · April 2016
- Building
- Reef Residence
About 1601, Reef Residence
1601 is a studio of 520 sqft on the 16th 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 13 April 2016 for AED 504,500, or AED 970 per sqft, in line with the AED 956 studios in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 15 November 2025, is AED 44,000 a year: a gross yield of 8.7% on the 2016 price, before the service charge of about AED 7,400 a year.
Sales and rents for 1601 over time
1601 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 1601 sits
All 186 studios →1601 last sold in April 2016 at AED 970 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 956). 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. 1601'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 16th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1602 | Studio | 529 sqft | AED 595KAED 595,000 · Jan 2026January 2026 | 48,000 /yr | |
| 1603 | 1-bed | 886 sqft | AED 850KAED 850,000 · Mar 2025March 2025 | 47,360 /yr | |
| 1604 | 2-bed | 1,537 sqft | AED 1.29MAED 1,285,000 · Apr 2017April 2017 | ||
| 1605 | 1-bed | 925 sqft | AED 795KAED 794,814 · Sep 2016September 2016 | 47,000 /yr | |
| 1606 | Studio | 503 sqft | AED 420KAED 420,000 · Aug 2018August 2018 | 50,000 /yr | |
| 1607 | Studio | 514 sqft | AED 520KAED 520,000 · Mar 2017March 2017 | 45,000 /yr | |
| 1608 | Studio | 467 sqft | AED 456KAED 455,500 · Feb 2016February 2016 | 42,000 /yr | |
| 1609 | 1-bed | 826 sqft | AED 850KAED 850,000 · Jun 2025June 2025 | 70,088 /yr | |
| 1610 | 2-bed | 1,481 sqft | AED 1.35MAED 1,354,500 · Mar 2016March 2016 | 125,000 /yr | |
| 1611 | 1-bed | 798 sqft | AED 768KAED 767,500 · Apr 2016April 2016 | 68,000 /yr | |
| 1612 | Studio | 515 sqft | AED 500KAED 499,500 · Apr 2016April 2016 | 49,000 /yr |
1601, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 13 April 2016 for AED 504,500, or AED 970 per sqft.
- Rented since August 2021 on 2 Ejari contracts, from AED 26,000 to AED 44,000 a year.
- At AED 44,000 a year the gross yield on the 2016 price is 8.7%, before a service charge of about AED 7,400 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 15 November 2025.
Questions about 1601, Reef Residence
What did unit 1601 last sell for?
AED 504,500 on 13 April 2016, sold by the developer: AED 970 per sqft for 520 sqft. It is the only registered sale of the unit.
What is the rent for unit 1601?
AED 44,000 a year on the contract signed on 15 November 2025. The previous contract, from August 2021, was AED 26,000.
How big is unit 1601?
520 sqft (48.3 sqm): a studio on the 16th floor of a 36-storey tower completed in 2017.
What is unit 1601 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 1601, Reef Residence
Starts from the last sale price (AED 505K, 13 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 504,500
- Deposit, UAE resident (20%)
- AED 100,900
- Deposit, non-resident (40%)
- AED 201,800
- Monthly over 25 years at 3.7%
- AED 2,064
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →