2304, Reef Residence
Sold prices and rental history: sold once, by the developer in June 2017, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2304, Reef Residence
What is 2304 worth today?
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Source: Dubai Land Department. Updated 16 May 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,537 sqft
- Floor
- 23rd of 36
- Parking
- P2-16
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 21,800 /yr
- Last sold
- AED 1.34M · June 2017
- Building
- Reef Residence
About 2304, Reef Residence
2304 is a two-bedroom apartment of 1,537 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 15 June 2017 for AED 1,336,320, or AED 869 per sqft, 4% above the AED 835 two-beds in the building were fetching at the time.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 16 May 2025, is AED 130,000 a year: a gross yield of 9.7% on the 2017 price, before the service charge of about AED 21,800 a year.
Sales and rents for 2304 over time
2304 has sold once; the dashed line is the two-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.
2-beds in Reef Residence, and where 2304 sits
All 65 2-beds →2304 last sold in June 2017 at AED 869 per sqft, 4% above what two-beds in Reef Residence were fetching at the time (AED 835). Over the last 12 months two-beds sold for AED 1,200,000 to 2,000,000, around AED 943 per sqft, and rent for AED 96,801 to 165,000 a year. 2304's AED 130,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Sep 20261 September 2026 | 1,537 sqft | 1,635,000 | 1,063 | ||
| 23 Jul 202623 July 2026 | 1,537 sqft | 1,580,000 | 1,028 | ||
| 2 Jun 20262 June 2026 | 1,537 sqft | 1,450,000 | 943 | ||
| 1 Jun 20261 June 2026 | 1,481 sqft | 2,000,000 | 1,350 |
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 | |
| 2303 | 1-bed | 886 sqft | AED 781KAED 781,247 · May 2016May 2016 | 60,000 /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 |
2304, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 15 June 2017 for AED 1,336,320, or AED 869 per sqft.
- Rented since May 2023 on 3 Ejari contracts, from AED 105,000 to AED 130,000 a year.
- At AED 130,000 a year the gross yield on the 2017 price is 9.7%, before a service charge of about AED 21,800 a year (AED 14.20 per sqft).
- Two-beds in Reef Residence sold for AED 1,200,000–2,000,000 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 16 May 2025.
Questions about 2304, Reef Residence
What did unit 2304 last sell for?
AED 1,336,320 on 15 June 2017, sold by the developer: AED 869 per sqft for 1,537 sqft. It is the only registered sale of the unit.
What is the rent for unit 2304?
AED 130,000 a year on the contract renewed on 16 May 2025. The previous contract, from May 2024, was AED 130,000; the unit has been rented since May 2023.
How big is unit 2304?
1,537 sqft (142.8 sqm): a two-bedroom apartment on the 23rd floor of a 36-storey tower completed in 2017.
What is unit 2304 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Reef Residence sold for AED 1,200,000 to 2,000,000 in the last 12 months, around AED 943 per sqft.
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Mortgage on 2304, Reef Residence
Starts from the last sale price (AED 1.34M, 15 June 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 1,336,320
- Deposit, UAE resident (20%)
- AED 267,264
- Deposit, non-resident (40%)
- AED 534,528
- Monthly over 25 years at 3.7%
- AED 5,467
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →