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1-bed · 925 sqftReef Residence, Jumeirah Village Circle (JVC) · 16th floor · completed 2017

1605, Reef Residence

Sold prices and rental history: sold once, by the developer in September 2016, and rented once, from April 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1605 · DLD and Ejari recordsUpdated 1 April 2020
Last soldAED 795K26 September 2016
Current rentAED 47K /yr1 April 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1605, Reef Residence

What is 1605 worth today?

Last sold for AED 794,814 in 2016

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1 Apr 2020RentedNew contract
AED 47,000/yr12 months · AED 51 per sqft
26 Sep 2016Sold by developerOff-plan
AED 794,814AED 858 per sqft

Source: Dubai Land Department. Updated 1 April 2020.

Key facts

Type
1-bed apartment
Size
925 sqft
Floor
16th of 36
Parking
P2-79
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 13,100 /yr
Last sold
AED 795K · September 2016
Building
Reef Residence

About 1605, Reef Residence

1605 is a one-bedroom apartment of 925 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 26 September 2016 for AED 794,814, or AED 858 per sqft, 5% above the AED 818 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 April 2020. The current contract, signed on 1 April 2020, is AED 47,000 a year: a gross yield of 5.9% on the 2016 price, before the service charge of about AED 13,100 a year.

Sales and rents for 1605 over time

Sales
Unit 1605, each saleTypical one-bed in Reef Residence
400K600K800K20152018202120242027Typical sale price by year: 2015 AED 727,858; 2016 AED 697,394; 2017 AED 837,517; 2018 AED 687,500; 2019 AED 675,000; 2020 AED 466,500; 2021 AED 500,000; 2022 AED 580,000; 2023 AED 700,000; 2024 AED 802,500; 2025 AED 850,000; 2026 AED 880,000Sold by developer, September 2016: AED 794,814 (AED 858 per sqft)

1605 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1605, each contractTypical one-bed in Reef Residence
40K60K2018202120242027Typical rent by year: 2018 AED 60,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 45,000; 2023 AED 50,000; 2024 AED 67,818; 2025 AED 70,000; 2026 AED 70,000New contract, April 2020: AED 47,000 a year

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 1605 sits

All 127 1-beds →

1605 last sold in September 2016 at AED 858 per sqft, 5% above what one-beds in Reef Residence were fetching at the time (AED 818). 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. 1605's AED 47,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Sep 2026840,000
16 Jul 202626,488
8 Jul 2026995,000
15 May 2026810,000
8 1-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
16042-bedAED 1.29M · Apr 2017
1606StudioAED 420K · Aug 2018
1607StudioAED 520K · Mar 2017
1608StudioAED 456K · Feb 2016
1–7 of 11

1605, Reef Residence in numbers

  • Sold once: by Sama Alkhaleej Real Estate Development Co on 26 September 2016 for AED 794,814, or AED 858 per sqft.
  • Rented since April 2020 on one Ejari contract, at AED 47,000 a year.
  • At AED 47,000 a year the gross yield on the 2016 price is 5.9%, before a service charge of about AED 13,100 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 1 April 2020.

Questions about 1605, Reef Residence

What did unit 1605 last sell for?

AED 794,814 on 26 September 2016, sold by the developer: AED 858 per sqft for 925 sqft. It is the only registered sale of the unit.

What is the rent for unit 1605?

AED 47,000 a year on the contract signed on 1 April 2020.

How big is unit 1605?

925 sqft (85.9 sqm): a one-bedroom apartment on the 16th floor of a 36-storey tower completed in 2017.

What is unit 1605 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 1605, Reef Residence

Starts from the last sale price (AED 795K, 26 September 2016). Switch to today's estimate once you have unlocked it.
Price
AED 794,814
Deposit, UAE resident (20%)
AED 158,963
Deposit, non-resident (40%)
AED 317,926
Monthly over 25 years at 3.7%
AED 3,252

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