1702, Reef Residence
Sold prices and rental history: sold 3 times, last in February 2022, 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 1702, Reef Residence
What is 1702 worth today?
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Source: Dubai Land Department. Updated 20 December 2024.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 17th of 36
- Parking
- P2-32
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 375K · February 2022
- Building
- Reef Residence
About 1702, Reef Residence
1702 is a studio of 529 sqft on the 17th 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 22 February 2022 for AED 375,000, or AED 709 per sqft, 10% above the AED 644 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 20 December 2024, is AED 40,000 a year: a gross yield of 10.7% on the 2022 price, before the service charge of about AED 7,500 a year.
Sales and rents for 1702 over time
1702 has sold 3 times; 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 1702 sits
All 186 studios →1702 last sold in February 2022 at AED 709 per sqft, 10% above what studios in Reef Residence were fetching at the time (AED 644). 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. 1702's AED 40,000 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 17th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 1701 | Studio | 520 sqft | AED 350KAED 350,000 · Jun 2022June 2022 | 72,000 /yr | |
| 1703 | 1-bed | 886 sqft | AED 710KAED 710,098 · Apr 2016April 2016 | 70,000 /yr | |
| 1704 | 2-bed | 1,537 sqft | AED 1.33MAED 1,330,056 · Feb 2017February 2017 | 120,000 /yr | |
| 1705 | 1-bed | 925 sqft | AED 600KAED 600,000 · Nov 2022November 2022 | 57,000 /yr | |
| 1706 | Studio | 503 sqft | AED 490KAED 490,000 · Oct 2017October 2017 | 36,685 /yr | |
| 1707 | Studio | 514 sqft | AED 458KAED 458,350 · Jun 2015June 2015 | 48,000 /yr | |
| 1708 | Studio | 467 sqft | AED 490KAED 490,000 · Dec 2024December 2024 | 45,000 /yr | |
| 1709 | 1-bed | 826 sqft | AED 760KAED 760,000 · Dec 2024December 2024 | 60,000 /yr | |
| 1710 | 2-bed | 1,481 sqft | AED 1MAED 1,000,000 · Mar 2024March 2024 | 120,000 /yr | |
| 1711 | 1-bed | 798 sqft | AED 800KAED 800,000 · Jul 2024July 2024 | 70,000 /yr | |
| 1712 | Studio | 515 sqft | AED 440KAED 440,000 · Dec 2018December 2018 | 38,400 /yr |
1702, Reef Residence in numbers
- Sold 3 times: first on 9 July 2018 for AED 496,320, last on 22 February 2022 for AED 375,000 (AED 709 per sqft).
- Rented since November 2018 on 6 Ejari contracts. The rent fell from AED 42,000 to AED 25,000 in 2020 and recovered to AED 40,000 by December 2024.
- At AED 40,000 a year the gross yield on the 2022 price is 10.7%, 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 20 December 2024.
Questions about 1702, Reef Residence
What did unit 1702 last sell for?
AED 375,000 on 22 February 2022: AED 709 per sqft for 529 sqft. The unit has 3 registered sales; the first was AED 496,320 in July 2018.
What is the rent for unit 1702?
AED 40,000 a year on the contract signed on 20 December 2024. The previous contract, from December 2021, was AED 28,500; the unit has been rented since November 2018.
How big is unit 1702?
529 sqft (49.1 sqm): a studio on the 17th floor of a 36-storey tower completed in 2017.
What is unit 1702 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 1702, Reef Residence
Starts from the last sale price (AED 375K, 22 February 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 375,000
- Deposit, UAE resident (20%)
- AED 75,000
- Deposit, non-resident (40%)
- AED 150,000
- Monthly over 25 years at 3.7%
- AED 1,534
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →