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2-bed · 1,537 sqftReef Residence, Jumeirah Village Circle (JVC) · 16th floor · completed 2017

1604, Reef Residence

Sold prices and rental history: sold once, by the developer in April 2017, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1604 · DLD and Ejari recordsUpdated 30 April 2017
Last soldAED 1.29M30 April 2017
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1604, Reef Residence

What is 1604 worth today?

Last sold for AED 1,285,000 in 2017

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30 Apr 2017Sold by developerOff-plan
AED 1,285,000AED 836 per sqft

Source: Dubai Land Department. Updated 30 April 2017.

Key facts

Type
2-bed apartment
Size
1,537 sqft
Floor
16th of 36
Parking
P3-83
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 21,800 /yr
Last sold
AED 1.29M · April 2017
Building
Reef Residence

About 1604, Reef Residence

1604 is a two-bedroom apartment of 1,537 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 30 April 2017 for AED 1,285,000, or AED 836 per sqft, in line with the AED 814 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1604 over time

Sales
Unit 1604, each saleTypical two-bed in Reef Residence
1M1.25M1.5M20152018202120242027Typical sale price by year: 2015 AED 1,242,995; 2016 AED 1,206,534; 2017 AED 1,324,880; 2018 AED 1,250,000; 2022 AED 1,000,000; 2023 AED 1,250,000; 2024 AED 1,350,000; 2026 AED 1,450,000Sold by developer, April 2017: AED 1,285,000 (AED 836 per sqft)

1604 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1604, each contractTypical two-bed in Reef Residence
75K100K125K2018202120242027Typical rent by year: 2018 AED 95,000; 2019 AED 88,000; 2020 AED 71,000; 2021 AED 70,000; 2022 AED 77,000; 2023 AED 86,512; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 120,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Reef Residence, and where 1604 sits

All 65 2-beds →

1604 last sold in April 2017 at AED 836 per sqft, in line with what two-beds in Reef Residence were fetching at the time (AED 814). Over the last 12 months two-beds sold for AED 1,200,000 to 2,000,000, around AED 943 per sqft, and rent for AED 96,801 to 165,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Sep 20261,635,000
23 Jul 20261,580,000
2 Jun 20261,450,000
1 Jun 20262,000,000
7 2-bed sales in the last 12 months

Reef Residence

Building

378 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%
Reef Residence, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 16th floor

All 378 units in Reef Residence
Value
1601StudioAED 505K · Apr 2016
1602StudioAED 595K · Jan 2026
16031-bedAED 850K · Mar 2025
16051-bedAED 795K · Sep 2016
1606StudioAED 420K · Aug 2018
1607StudioAED 520K · Mar 2017
1608StudioAED 456K · Feb 2016
1–7 of 11

1604, Reef Residence in numbers

  • Sold once: by Sama Alkhaleej Real Estate Development Co on 30 April 2017 for AED 1,285,000, or AED 836 per sqft.
  • Two-beds in Reef Residence sold for AED 1,200,000–2,000,000 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 30 April 2017.

Questions about 1604, Reef Residence

What did unit 1604 last sell for?

AED 1,285,000 on 30 April 2017, sold by the developer: AED 836 per sqft for 1,537 sqft. It is the only registered sale of the unit.

How big is unit 1604?

1,537 sqft (142.8 sqm): a two-bedroom apartment on the 16th floor of a 36-storey tower completed in 2017.

What is unit 1604 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Reef Residence sold for AED 1,200,000 to 2,000,000 in the last 12 months, around AED 943 per sqft.

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Mortgage on 1604, Reef Residence

Starts from the last sale price (AED 1.29M, 30 April 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,285,000
Deposit, UAE resident (20%)
AED 257,000
Deposit, non-resident (40%)
AED 514,000
Monthly over 25 years at 3.7%
AED 5,257

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →