1704, Reef Residence
Sold prices and rental history: sold once, by the developer in February 2017, 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 1704, Reef Residence
What is 1704 worth today?
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Source: Dubai Land Department. Updated 25 August 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,537 sqft
- Floor
- 17th of 36
- Parking
- B1-05,B1-06
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 21,800 /yr
- Last sold
- AED 1.33M · February 2017
- Building
- Reef Residence
About 1704, Reef Residence
1704 is a two-bedroom apartment of 1,537 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 23 February 2017 for AED 1,330,056, or AED 865 per sqft, 8% above the AED 802 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 11 Ejari contracts. The current contract, renewed on 25 August 2026, is AED 120,000 a year: a gross yield of 9.0% on the 2017 price, before the service charge of about AED 21,800 a year.
Sales and rents for 1704 over time
1704 has sold once; the dashed line is the two-bed median of each year in the building.
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 1704 sits
All 65 2-beds →1704 last sold in February 2017 at AED 865 per sqft, 8% above what two-beds in Reef Residence were fetching at the time (AED 802). 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. 1704's AED 120,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Sep 20261 September 2026 | 1,537 sqft | 1,635,000 | 1,063 | ||
| 23 Jul 202623 July 2026 | 1,537 sqft | 1,580,000 | 1,028 | ||
| 2 Jun 20262 June 2026 | 1,537 sqft | 1,450,000 | 943 | ||
| 1 Jun 20261 June 2026 | 1,481 sqft | 2,000,000 | 1,350 |
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 | |
| 1702 | Studio | 529 sqft | AED 375KAED 375,000 · Feb 2022February 2022 | 40,000 /yr | |
| 1703 | 1-bed | 886 sqft | AED 710KAED 710,098 · Apr 2016April 2016 | 70,000 /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 |
1704, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 23 February 2017 for AED 1,330,056, or AED 865 per sqft.
- Rented since March 2018 on 11 Ejari contracts. The rent fell from AED 100,000 to AED 68,000 in 2022 and recovered to AED 120,000 by August 2026.
- At AED 120,000 a year the gross yield on the 2017 price is 9.0%, before a service charge of about AED 21,800 a year (AED 14.20 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 25 August 2026.
Questions about 1704, Reef Residence
What did unit 1704 last sell for?
AED 1,330,056 on 23 February 2017, sold by the developer: AED 865 per sqft for 1,537 sqft. It is the only registered sale of the unit.
What is the rent for unit 1704?
AED 120,000 a year on the contract renewed on 25 August 2026. The previous contract, from August 2025, was AED 120,000; the unit has been rented since March 2018.
How big is unit 1704?
1,537 sqft (142.8 sqm): a two-bedroom apartment on the 17th floor of a 36-storey tower completed in 2017.
What is unit 1704 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 1704, Reef Residence
Starts from the last sale price (AED 1.33M, 23 February 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,330,056
- Deposit, UAE resident (20%)
- AED 266,011
- Deposit, non-resident (40%)
- AED 532,022
- Monthly over 25 years at 3.7%
- AED 5,442
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →