1603, Reef Residence
Sold prices and rental history: sold twice, last in March 2025, 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 1603, Reef Residence
What is 1603 worth today?
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Source: Dubai Land Department. Updated 3 March 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 16th of 36
- Parking
- P2-78
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 850K · March 2025
- Building
- Reef Residence
About 1603, Reef Residence
1603 is a one-bedroom apartment of 886 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 3 March 2025 for AED 850,000, or AED 959 per sqft, 4% above the AED 923 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, renewed on 5 November 2023, is AED 47,360 a year: a gross yield of 5.6% on the 2025 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1603 over time
1603 has sold twice; 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 1603 sits
All 127 1-beds →1603 last sold in March 2025 at AED 959 per sqft, 4% above what one-beds in Reef Residence were fetching at the time (AED 923). 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. 1603's AED 47,360 is in the lower 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 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 | |
| 1602 | Studio | 529 sqft | AED 595KAED 595,000 · Jan 2026January 2026 | 48,000 /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 |
1603, Reef Residence in numbers
- Sold twice: first on 3 February 2016 for AED 805,775, last on 3 March 2025 for AED 850,000 (AED 959 per sqft).
- Rented since May 2019 on 6 Ejari contracts. The rent fell from AED 55,000 to AED 40,000 in 2020 and recovered to AED 47,360 by November 2023.
- At AED 47,360 a year the gross yield on the 2025 price is 5.6%, before a service charge of about AED 12,600 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 3 March 2025.
Questions about 1603, Reef Residence
What did unit 1603 last sell for?
AED 850,000 on 3 March 2025: AED 959 per sqft for 886 sqft. The unit has 2 registered sales; the first was AED 805,775 in February 2016.
What is the rent for unit 1603?
AED 47,360 a year on the contract renewed on 5 November 2023. The previous contract, from November 2022, was AED 45,100; the unit has been rented since May 2019.
How big is unit 1603?
886 sqft (82.3 sqm): a one-bedroom apartment on the 16th floor of a 36-storey tower completed in 2017.
What is unit 1603 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 1603, Reef Residence
Starts from the last sale price (AED 850K, 3 March 2025). Switch to today's estimate once you have unlocked it.- Price
- AED 850,000
- Deposit, UAE resident (20%)
- AED 170,000
- Deposit, non-resident (40%)
- AED 340,000
- Monthly over 25 years at 3.7%
- AED 3,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →