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Studio · 529 sqftReef Residence, Jumeirah Village Circle (JVC) · 22nd floor · completed 2017

2202, Reef Residence

Sold prices and rental history: sold 3 times, last in September 2023, and rented once, from July 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2202 · DLD and Ejari recordsUpdated 25 September 2023
Last soldAED 400K25 September 2023
Current rentAED 25K /yr13 July 2021
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2202, Reef Residence

What is 2202 worth today?

Last sold for AED 400,000 in 2023

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25 Sep 2023SoldReady
AED 400,000AED 756 per sqft
13 Jul 2021RentedNew contract
AED 25,000/yr12 months · AED 47 per sqft
15 May 2018SoldReady
AED 450,000AED 851 per sqft
29 Sep 2015Sold by developerOff-plan
AED 591,360AED 1,118 per sqft

Source: Dubai Land Department. Updated 25 September 2023.

Key facts

Type
Studio apartment
Size
529 sqft
Floor
22nd of 36
Parking
B2-25
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 7,500 /yr
Last sold
AED 400K · September 2023
Building
Reef Residence

About 2202, Reef Residence

2202 is a studio of 529 sqft on the 22nd 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 25 September 2023 for AED 400,000, or AED 756 per sqft, in line with the AED 770 studios in the building were fetching at the time.

One Ejari contract is registered, from 13 July 2021. The current contract, signed on 13 July 2021, is AED 25,000 a year: a gross yield of 6.3% on the 2023 price, before the service charge of about AED 7,500 a year.

Sales and rents for 2202 over time

Sales
Unit 2202, each saleTypical studio in Reef Residence
400K600K20152018202120242027Typical sale price by year: 2015 AED 472,880; 2016 AED 521,995; 2017 AED 540,540; 2018 AED 483,160; 2019 AED 350,000; 2020 AED 340,000; 2021 AED 321,250; 2022 AED 375,000; 2023 AED 401,000; 2024 AED 530,000; 2025 AED 548,750; 2026 AED 540,000Sold by developer, September 2015: AED 591,360 (AED 1,118 per sqft)Sold, May 2018: AED 450,000 (AED 851 per sqft)Sold, September 2023: AED 400,000 (AED 756 per sqft)

2202 has sold 3 times; the dashed line is the studio median of each year in the building.

Rents
Unit 2202, each contractTypical studio in Reef Residence
30K40K50K2018202120242027Typical rent by year: 2018 AED 40,000; 2019 AED 38,000; 2020 AED 30,000; 2021 AED 25,000; 2022 AED 30,000; 2023 AED 36,000; 2024 AED 44,000; 2025 AED 46,452; 2026 AED 45,000New contract, July 2021: AED 25,000 a year

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 2202 sits

All 186 studios →

2202 last sold in September 2023 at AED 756 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 770). 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. 2202's AED 25,000 is at the bottom of that range.

Recent studio salesUnit no.Price (AED)Summary
7 Sep 2026515,000
9 Jul 2026540,000
23 Jun 2026525,000
14 May 2026540,000
7 studio sales in the last 12 months

Reef Residence

Building

378 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%
Reef Residence, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 22nd floor

All 378 units in Reef Residence
Value
2201StudioAED 560K · Mar 2024
22031-bedAED 662K · May 2016
22042-bedAED 900K · Feb 2022
22051-bedAED 781K · Sep 2016
2206StudioAED 464K · Aug 2025
2207StudioAED 475K · Aug 2025
2208StudioAED 515K · Jan 2016
1–7 of 11

2202, Reef Residence in numbers

  • Sold 3 times: first on 29 September 2015 for AED 591,360, last on 25 September 2023 for AED 400,000 (AED 756 per sqft).
  • Rented since July 2021 on one Ejari contract, at AED 25,000 a year.
  • At AED 25,000 a year the gross yield on the 2023 price is 6.3%, before a service charge of about AED 7,500 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 25 September 2023.

Questions about 2202, Reef Residence

What did unit 2202 last sell for?

AED 400,000 on 25 September 2023: AED 756 per sqft for 529 sqft. The unit has 3 registered sales; the first was AED 591,360 in September 2015.

What is the rent for unit 2202?

AED 25,000 a year on the contract signed on 13 July 2021.

How big is unit 2202?

529 sqft (49.1 sqm): a studio on the 22nd floor of a 36-storey tower completed in 2017.

What is unit 2202 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 2202, Reef Residence

Starts from the last sale price (AED 400K, 25 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 400,000
Deposit, UAE resident (20%)
AED 80,000
Deposit, non-resident (40%)
AED 160,000
Monthly over 25 years at 3.7%
AED 1,637

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →