2203, Reef Residence
Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2203, Reef Residence
What is 2203 worth today?
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Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 22nd of 36
- Parking
- B2-68
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 662K · May 2016
- Building
- Reef Residence
About 2203, Reef Residence
2203 is a one-bedroom apartment of 886 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. The developer sold it on 12 May 2016 for AED 661,500, or AED 746 per sqft, 7% below the AED 806 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 9 Ejari contracts. The current contract, renewed on 1 August 2026, is AED 70,000 a year: a gross yield of 10.6% on the 2016 price, before the service charge of about AED 12,600 a year.
Sales and rents for 2203 over time
2203 has sold once; 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 2203 sits
All 127 1-beds →2203 last sold in May 2016 at AED 746 per sqft, 7% below what one-beds in Reef Residence were fetching at the time (AED 806). 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. 2203's AED 70,000 is in the upper 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 53K /yr
- Typical yield
- 8.3%
Other units on the 22nd floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2201 | Studio | 520 sqft | AED 560KAED 560,000 · Mar 2024March 2024 | 50,000 /yr | |
| 2202 | Studio | 529 sqft | AED 400KAED 400,000 · Sep 2023September 2023 | 25,000 /yr | |
| 2204 | 2-bed | 1,537 sqft | AED 900KAED 900,000 · Feb 2022February 2022 | 130,000 /yr | |
| 2205 | 1-bed | 925 sqft | AED 781KAED 781,322 · Sep 2016September 2016 | 40,000 /yr | |
| 2206 | Studio | 503 sqft | AED 464KAED 464,371 · Aug 2025August 2025 | 40,000 /yr | |
| 2207 | Studio | 514 sqft | AED 475KAED 474,702 · Aug 2025August 2025 | 40,000 /yr | |
| 2208 | Studio | 467 sqft | AED 515KAED 514,800 · Jan 2016January 2016 | 40,000 /yr | |
| 2209 | 1-bed | 826 sqft | AED 628KAED 627,750 · May 2016May 2016 | 70,000 /yr | |
| 2210 | 2-bed | 1,481 sqft | AED 1.45MAED 1,450,000 · Jul 2024July 2024 | 120,000 /yr | |
| 2211 | 1-bed | 798 sqft | AED 602KAED 602,250 · May 2016May 2016 | 72,000 /yr | |
| 2212 | Studio | 515 sqft | AED 538KAED 537,871 · Aug 2016August 2016 | 38,115 /yr |
2203, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 12 May 2016 for AED 661,500, or AED 746 per sqft.
- Rented since February 2019 on 9 Ejari contracts. The rent fell from AED 60,000 to AED 38,000 in 2021 and recovered to AED 70,000 by August 2026.
- At AED 70,000 a year the gross yield on the 2016 price is 10.6%, before a service charge of about AED 12,600 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 1 August 2026.
Questions about 2203, Reef Residence
What did unit 2203 last sell for?
AED 661,500 on 12 May 2016, sold by the developer: AED 746 per sqft for 886 sqft. It is the only registered sale of the unit.
What is the rent for unit 2203?
AED 70,000 a year on the contract renewed on 1 August 2026. The previous contract, from August 2025, was AED 70,000; the unit has been rented since February 2019.
How big is unit 2203?
886 sqft (82.3 sqm): a one-bedroom apartment on the 22nd floor of a 36-storey tower completed in 2017.
What is unit 2203 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 2203, Reef Residence
Starts from the last sale price (AED 662K, 12 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 661,500
- Deposit, UAE resident (20%)
- AED 132,300
- Deposit, non-resident (40%)
- AED 264,600
- Monthly over 25 years at 3.7%
- AED 2,706
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →