1703, Reef Residence
Sold prices and rental history: sold once, by the developer in April 2016, 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 1703, Reef Residence
What is 1703 worth today?
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Source: Dubai Land Department. Updated 21 February 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 17th of 36
- Parking
- B2-52
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 710K · April 2016
- Building
- Reef Residence
About 1703, Reef Residence
1703 is a one-bedroom apartment of 886 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. The developer sold it on 13 April 2016 for AED 710,098, or AED 801 per sqft, 6% below the AED 851 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 21 February 2026, is AED 70,000 a year: a gross yield of 9.9% on the 2016 price, before the service charge of about AED 12,600 a year.
Sales and rents for 1703 over time
1703 has sold once; 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 1703 sits
All 127 1-beds →1703 last sold in April 2016 at AED 801 per sqft, 6% below what one-beds in Reef Residence were fetching at the time (AED 851). 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. 1703's AED 70,000 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 52K /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 | |
| 1702 | Studio | 529 sqft | AED 375KAED 375,000 · Feb 2022February 2022 | 40,000 /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 |
1703, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 13 April 2016 for AED 710,098, or AED 801 per sqft.
- Rented since June 2018 on 7 Ejari contracts. The rent fell from AED 60,000 to AED 42,000 in 2022 and recovered to AED 70,000 by February 2026.
- At AED 70,000 a year the gross yield on the 2016 price is 9.9%, 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 21 February 2026.
Questions about 1703, Reef Residence
What did unit 1703 last sell for?
AED 710,098 on 13 April 2016, sold by the developer: AED 801 per sqft for 886 sqft. It is the only registered sale of the unit.
What is the rent for unit 1703?
AED 70,000 a year on the contract signed on 21 February 2026. The previous contract, from November 2024, was AED 60,000; the unit has been rented since June 2018.
How big is unit 1703?
886 sqft (82.3 sqm): a one-bedroom apartment on the 17th floor of a 36-storey tower completed in 2017.
What is unit 1703 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 1703, Reef Residence
Starts from the last sale price (AED 710K, 13 April 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 710,098
- Deposit, UAE resident (20%)
- AED 142,020
- Deposit, non-resident (40%)
- AED 284,039
- Monthly over 25 years at 3.7%
- AED 2,905
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →