1707, Reef Residence
Sold prices and rental history: sold once, by the developer in June 2015, and rented continuously since 2017. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 1707, Reef Residence
What is 1707 worth today?
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Source: Dubai Land Department. Updated 1 June 2026.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 17th of 36
- Parking
- P2-34
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 458K · June 2015
- Building
- Reef Residence
About 1707, Reef Residence
1707 is a studio of 514 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 15 June 2015 for AED 458,350, or AED 891 per sqft, in line with the AED 909 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 5 Ejari contracts. The current contract, renewed on 1 June 2026, is AED 48,000 a year: a gross yield of 10.5% on the 2015 price, before the service charge of about AED 7,300 a year.
Sales and rents for 1707 over time
1707 has sold once; 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 1707 sits
All 186 studios →1707 last sold in June 2015 at AED 891 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 909). 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. 1707's AED 48,000 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 | |
| 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 | |
| 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 | |
| 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 |
1707, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 15 June 2015 for AED 458,350, or AED 891 per sqft.
- Rented since December 2017 on 5 Ejari contracts, from AED 45,000 to AED 48,000 a year.
- At AED 48,000 a year the gross yield on the 2015 price is 10.5%, before a service charge of about AED 7,300 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 1 June 2026.
Questions about 1707, Reef Residence
What did unit 1707 last sell for?
AED 458,350 on 15 June 2015, sold by the developer: AED 891 per sqft for 514 sqft. It is the only registered sale of the unit.
What is the rent for unit 1707?
AED 48,000 a year on the contract renewed on 1 June 2026. The previous contract, from June 2025, was AED 48,000; the unit has been rented since December 2017.
How big is unit 1707?
514 sqft (47.8 sqm): a studio on the 17th floor of a 36-storey tower completed in 2017.
What is unit 1707 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 1707, Reef Residence
Starts from the last sale price (AED 458K, 15 June 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 458,350
- Deposit, UAE resident (20%)
- AED 91,670
- Deposit, non-resident (40%)
- AED 183,340
- Monthly over 25 years at 3.7%
- AED 1,875
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →