2007, Reef Residence
Sold prices and rental history: sold 3 times, last in July 2024, 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 2007, Reef Residence
What is 2007 worth today?
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Source: Dubai Land Department. Updated 31 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 20th of 36
- Parking
- B2-21
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 500K · July 2024
- Building
- Reef Residence
About 2007, Reef Residence
2007 is a studio of 514 sqft on the 20th 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 11 July 2024 for AED 500,000, or AED 972 per sqft, 7% above the AED 911 studios in the building were fetching at the time.
It has been rented continuously since 2017 on 9 Ejari contracts. The current contract, signed on 31 October 2026, is AED 50,000 a year: a gross yield of 10.0% on the 2024 price, before the service charge of about AED 7,300 a year.
Sales and rents for 2007 over time
2007 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 2007 sits
All 186 studios →2007 last sold in July 2024 at AED 972 per sqft, 7% above what studios in Reef Residence were fetching at the time (AED 911). 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. 2007's AED 50,000 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 20th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2001 | Studio | 520 sqft | AED 620KAED 620,000 · Aug 2025August 2025 | 49,000 /yr | |
| 2002 | Studio | 529 sqft | AED 350KAED 350,000 · Feb 2020February 2020 | 48,000 /yr | |
| 2003 | 1-bed | 886 sqft | AED 900KAED 900,000 · Jan 2026January 2026 | 71,000 /yr | |
| 2004 | 2-bed | 1,537 sqft | AED 1.24MAED 1,242,995 · Dec 2015December 2015 | 115,000 /yr | |
| 2005 | 1-bed | 925 sqft | AED 710KAED 710,000 · May 2018May 2018 | ||
| 2006 | Studio | 503 sqft | AED 423KAED 422,886 · Nov 2016November 2016 | 38,000 /yr | |
| 2008 | Studio | 467 sqft | AED 490KAED 490,000 · Aug 2017August 2017 | 55,000 /yr | |
| 2009 | 1-bed | 826 sqft | AED 750KAED 750,000 · Jul 2023July 2023 | 40,000 /yr | |
| 2010 | 2-bed | 1,481 sqft | AED 1.35MAED 1,350,000 · Sep 2024September 2024 | 135,000 /yr | |
| 2011 | 1-bed | 798 sqft | AED 870KAED 870,000 · Feb 2024February 2024 | 80,000 /yr | |
| 2012 | Studio | 515 sqft | AED 458KAED 458,234 · Nov 2016November 2016 | 38,000 /yr |
2007, Reef Residence in numbers
- Sold 3 times: first on 15 December 2015 for AED 433,837, last on 11 July 2024 for AED 500,000 (AED 972 per sqft).
- Rented since December 2017 on 9 Ejari contracts. The rent fell from AED 46,000 to AED 27,000 in 2021 and recovered to AED 50,000 by October 2026.
- At AED 50,000 a year the gross yield on the 2024 price is 10.0%, 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 31 October 2026.
Questions about 2007, Reef Residence
What did unit 2007 last sell for?
AED 500,000 on 11 July 2024: AED 972 per sqft for 514 sqft. The unit has 3 registered sales; the first was AED 433,837 in December 2015.
What is the rent for unit 2007?
AED 50,000 a year on the contract signed on 31 October 2026. The previous contract, from October 2025, was AED 60,000; the unit has been rented since December 2017.
How big is unit 2007?
514 sqft (47.8 sqm): a studio on the 20th floor of a 36-storey tower completed in 2017.
What is unit 2007 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 2007, Reef Residence
Starts from the last sale price (AED 500K, 11 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →