1609, Reef Residence
Sold prices and rental history: sold twice, last in June 2025, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1609, Reef Residence
What is 1609 worth today?
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Source: Dubai Land Department. Updated 25 June 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 826 sqft
- Floor
- 16th of 36
- Parking
- P2-80
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 11,700 /yr
- Last sold
- AED 850K · June 2025
- Building
- Reef Residence
About 1609, Reef Residence
1609 is a one-bedroom apartment of 826 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 25 June 2025 for AED 850,000, or AED 1,029 per sqft, 10% above the AED 938 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 1 July 2024, is AED 70,088 a year: a gross yield of 8.3% on the 2025 price, before the service charge of about AED 11,700 a year.
Sales and rents for 1609 over time
1609 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 1609 sits
All 127 1-beds →1609 last sold in June 2025 at AED 1,029 per sqft, 10% above what one-beds in Reef Residence were fetching at the time (AED 938). 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. 1609's AED 70,088 is in the upper 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 | |
| 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 | |
| 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 |
1609, Reef Residence in numbers
- Sold twice: first on 12 May 2016 for AED 627,750, last on 25 June 2025 for AED 850,000 (AED 1,029 per sqft).
- Rented since April 2018 on 6 Ejari contracts. The rent fell from AED 60,000 to AED 42,000 in 2022 and recovered to AED 70,088 by July 2024.
- At AED 70,088 a year the gross yield on the 2025 price is 8.3%, before a service charge of about AED 11,700 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 25 June 2025.
Questions about 1609, Reef Residence
What did unit 1609 last sell for?
AED 850,000 on 25 June 2025: AED 1,029 per sqft for 826 sqft. The unit has 2 registered sales; the first was AED 627,750 in May 2016.
What is the rent for unit 1609?
AED 70,088 a year on the contract renewed on 1 July 2024. The previous contract, from July 2024, was AED 70,088; the unit has been rented since April 2018.
How big is unit 1609?
826 sqft (76.7 sqm): a one-bedroom apartment on the 16th floor of a 36-storey tower completed in 2017.
What is unit 1609 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 1609, Reef Residence
Starts from the last sale price (AED 850K, 25 June 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 →