2302, Reef Residence
Sold prices and rental history: sold twice, last in September 2023, 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 2302, Reef Residence
What is 2302 worth today?
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Source: Dubai Land Department. Updated 27 November 2023.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 23rd of 36
- Parking
- B2-29
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 404K · September 2023
- Building
- Reef Residence
About 2302, Reef Residence
2302 is a studio of 529 sqft on the 23rd 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 22 September 2023 for AED 404,400, or AED 765 per sqft, in line with the AED 765 studios in the building were fetching at the time.
It has been rented continuously since 2020 on 4 Ejari contracts. The current contract, signed on 27 November 2023, is AED 55,000 a year: a gross yield of 13.6% on the 2023 price, before the service charge of about AED 7,500 a year.
Sales and rents for 2302 over time
2302 has sold twice; 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 2302 sits
All 186 studios →2302 last sold in September 2023 at AED 765 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 765). 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. 2302's AED 55,000 is in the upper 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 23rd floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2301 | Studio | 520 sqft | AED 545KAED 544,719 · Aug 2016August 2016 | 42,000 /yr | |
| 2303 | 1-bed | 886 sqft | AED 781KAED 781,247 · May 2016May 2016 | 60,000 /yr | |
| 2304 | 2-bed | 1,537 sqft | AED 1.34MAED 1,336,320 · Jun 2017June 2017 | 130,000 /yr | |
| 2305 | 1-bed | 925 sqft | AED 675KAED 675,000 · Jul 2018July 2018 | ||
| 2306 | Studio | 503 sqft | AED 543KAED 543,172 · Nov 2016November 2016 | 48,000 /yr | |
| 2307 | Studio | 514 sqft | AED 485KAED 485,000 · Sep 2023September 2023 | 45,000 /yr | |
| 2308 | Studio | 467 sqft | AED 533KAED 533,000 · Nov 2016November 2016 | 50,000 /yr | |
| 2309 | 1-bed | 826 sqft | AED 665KAED 665,000 · Jan 2019January 2019 | 70,000 /yr | |
| 2310 | 2-bed | 1,481 sqft | AED 1.3MAED 1,300,000 · Apr 2024April 2024 | 110,000 /yr | |
| 2311 | 1-bed | 798 sqft | AED 602KAED 602,250 · May 2016May 2016 | 68,000 /yr | |
| 2312 | Studio | 515 sqft | AED 541KAED 540,521 · Aug 2016August 2016 | 41,895 /yr |
2302, Reef Residence in numbers
- Sold twice: first on 23 March 2016 for AED 590,674, last on 22 September 2023 for AED 404,400 (AED 765 per sqft).
- Rented since March 2020 on 4 Ejari contracts. The rent fell from AED 30,000 to AED 22,000 in 2021 and recovered to AED 55,000 by November 2023.
- At AED 55,000 a year the gross yield on the 2023 price is 13.6%, 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 27 November 2023.
Questions about 2302, Reef Residence
What did unit 2302 last sell for?
AED 404,400 on 22 September 2023: AED 765 per sqft for 529 sqft. The unit has 2 registered sales; the first was AED 590,674 in March 2016.
What is the rent for unit 2302?
AED 55,000 a year on the contract signed on 27 November 2023. The previous contract, from August 2022, was AED 26,400; the unit has been rented since March 2020.
How big is unit 2302?
529 sqft (49.1 sqm): a studio on the 23rd floor of a 36-storey tower completed in 2017.
What is unit 2302 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 2302, Reef Residence
Starts from the last sale price (AED 404K, 22 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 404,400
- Deposit, UAE resident (20%)
- AED 80,880
- Deposit, non-resident (40%)
- AED 161,760
- Monthly over 25 years at 3.7%
- AED 1,655
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →