2303, 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 2303, Reef Residence
What is 2303 worth today?
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Source: Dubai Land Department. Updated 20 October 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 23rd of 36
- Parking
- B2-72
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 781K · May 2016
- Building
- Reef Residence
About 2303, Reef Residence
2303 is a one-bedroom apartment of 886 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. The developer sold it on 24 May 2016 for AED 781,247, or AED 882 per sqft, 9% above the AED 806 one-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 6 Ejari contracts. The current contract, signed on 20 October 2026, is AED 60,000 a year: a gross yield of 7.7% on the 2016 price, before the service charge of about AED 12,600 a year.
Sales and rents for 2303 over time
2303 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 2303 sits
All 127 1-beds →2303 last sold in May 2016 at AED 882 per sqft, 9% above 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. 2303's AED 60,000 is in the lower 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 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 | |
| 2302 | Studio | 529 sqft | AED 404KAED 404,400 · Sep 2023September 2023 | 55,000 /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 |
2303, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 24 May 2016 for AED 781,247, or AED 882 per sqft.
- Rented since May 2019 on 6 Ejari contracts. The rent fell from AED 55,000 to AED 45,000 in 2021 and recovered to AED 60,000 by October 2026.
- At AED 60,000 a year the gross yield on the 2016 price is 7.7%, 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 20 October 2026.
Questions about 2303, Reef Residence
What did unit 2303 last sell for?
AED 781,247 on 24 May 2016, sold by the developer: AED 882 per sqft for 886 sqft. It is the only registered sale of the unit.
What is the rent for unit 2303?
AED 60,000 a year on the contract signed on 20 October 2026. The previous contract, from November 2025, was AED 70,000; the unit has been rented since May 2019.
How big is unit 2303?
886 sqft (82.3 sqm): a one-bedroom apartment on the 23rd floor of a 36-storey tower completed in 2017.
What is unit 2303 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 2303, Reef Residence
Starts from the last sale price (AED 781K, 24 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 781,247
- Deposit, UAE resident (20%)
- AED 156,249
- Deposit, non-resident (40%)
- AED 312,499
- Monthly over 25 years at 3.7%
- AED 3,196
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →