1602, Reef Residence
Sold prices and rental history: sold twice, last in January 2026, 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 1602, Reef Residence
What is 1602 worth today?
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Source: Dubai Land Department. Updated 5 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 16th of 36
- Parking
- P2-46
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 595K · January 2026
- Building
- Reef Residence
About 1602, Reef Residence
1602 is a studio of 529 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. It last sold on 9 January 2026 for AED 595,000, or AED 1,125 per sqft, in line with the AED 1,104 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 5 February 2026, is AED 48,000 a year: a gross yield of 8.1% on the 2026 price, before the service charge of about AED 7,500 a year.
Sales and rents for 1602 over time
1602 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 1602 sits
All 186 studios →1602 last sold in January 2026 at AED 1,125 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 1,104). 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. 1602'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 16th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1601 | Studio | 520 sqft | AED 505KAED 504,500 · Apr 2016April 2016 | 44,000 /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 |
1602, Reef Residence in numbers
- Sold twice: first on 13 April 2016 for AED 510,500, last on 9 January 2026 for AED 595,000 (AED 1,125 per sqft).
- Rented since June 2019 on 6 Ejari contracts. The rent fell from AED 36,000 to AED 26,000 in 2021 and recovered to AED 48,000 by February 2026.
- At AED 48,000 a year the gross yield on the 2026 price is 8.1%, 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 5 February 2026.
Questions about 1602, Reef Residence
What did unit 1602 last sell for?
AED 595,000 on 9 January 2026: AED 1,125 per sqft for 529 sqft. The unit has 2 registered sales; the first was AED 510,500 in April 2016.
What is the rent for unit 1602?
AED 48,000 a year on the contract signed on 5 February 2026. The previous contract, from December 2024, was AED 34,000; the unit has been rented since June 2019.
How big is unit 1602?
529 sqft (49.1 sqm): a studio on the 16th floor of a 36-storey tower completed in 2017.
What is unit 1602 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 1602, Reef Residence
Starts from the last sale price (AED 595K, 9 January 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 595,000
- Deposit, UAE resident (20%)
- AED 119,000
- Deposit, non-resident (40%)
- AED 238,000
- Monthly over 25 years at 3.7%
- AED 2,434
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →