1705, Reef Residence
Sold prices and rental history: sold twice, last in November 2022, and rented continuously since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1705, Reef Residence
What is 1705 worth today?
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Source: Dubai Land Department. Updated 3 May 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 925 sqft
- Floor
- 17th of 36
- Parking
- B2-53
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 13,100 /yr
- Last sold
- AED 600K · November 2022
- Building
- Reef Residence
About 1705, Reef Residence
1705 is a one-bedroom apartment of 925 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 17 November 2022 for AED 600,000, or AED 648 per sqft, 5% below the AED 684 one-beds in the building were fetching at the time.
It has been rented continuously since 2020 on 7 Ejari contracts. The current contract, renewed on 3 May 2025, is AED 57,000 a year: a gross yield of 9.5% on the 2022 price, before the service charge of about AED 13,100 a year.
Sales and rents for 1705 over time
1705 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 1705 sits
All 127 1-beds →1705 last sold in November 2022 at AED 648 per sqft, 5% below what one-beds in Reef Residence were fetching at the time (AED 684). 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. 1705's AED 57,000 is in the lower 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 | |
| 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 | |
| 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 |
1705, Reef Residence in numbers
- Sold twice: first on 27 October 2015 for AED 711,168, last on 17 November 2022 for AED 600,000 (AED 648 per sqft).
- Rented since January 2020 on 7 Ejari contracts, from AED 46,000 to AED 57,000 a year.
- At AED 57,000 a year the gross yield on the 2022 price is 9.5%, 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 3 May 2025.
Questions about 1705, Reef Residence
What did unit 1705 last sell for?
AED 600,000 on 17 November 2022: AED 648 per sqft for 925 sqft. The unit has 2 registered sales; the first was AED 711,168 in October 2015.
What is the rent for unit 1705?
AED 57,000 a year on the contract renewed on 3 May 2025. The previous contract, from May 2025, was AED 57,000; the unit has been rented since January 2020.
How big is unit 1705?
925 sqft (85.9 sqm): a one-bedroom apartment on the 17th floor of a 36-storey tower completed in 2017.
What is unit 1705 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 1705, Reef Residence
Starts from the last sale price (AED 600K, 17 November 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 600,000
- Deposit, UAE resident (20%)
- AED 120,000
- Deposit, non-resident (40%)
- AED 240,000
- Monthly over 25 years at 3.7%
- AED 2,455
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →