1-bed · 925 sqftReef Residence, Jumeirah Village Circle (JVC) · 23rd floor · completed 2017

2305, Reef Residence

Sold prices and rental history: sold twice, last in July 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2305 · DLD and Ejari recordsUpdated 30 July 2018
Last soldAED 675K30 July 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2305, Reef Residence

What is 2305 worth today?

Last sold for AED 675,000 in 2018

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30 Jul 2018SoldReady
AED 675,000AED 729 per sqft
3 Oct 2016Sold by developerOff-plan
AED 798,242AED 862 per sqft

Source: Dubai Land Department. Updated 30 July 2018.

Key facts

Type
1-bed apartment
Size
925 sqft
Floor
23rd of 36
Parking
B2-73
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 13,100 /yr
Last sold
AED 675K · July 2018

About 2305, Reef Residence

2305 is a one-bedroom apartment of 925 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 30 July 2018 for AED 675,000, or AED 729 per sqft, 17% below the AED 877 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2305 over time

Sales
Unit 2305, each saleTypical one-bed in Reef Residence
400K600K800K20152018202120242027Typical sale price by year: 2015 AED 727,858; 2016 AED 697,394; 2017 AED 837,517; 2018 AED 687,500; 2019 AED 675,000; 2020 AED 466,500; 2021 AED 500,000; 2022 AED 580,000; 2023 AED 700,000; 2024 AED 802,500; 2025 AED 850,000; 2026 AED 880,000Sold by developer, October 2016: AED 798,242 (AED 862 per sqft)Sold, July 2018: AED 675,000 (AED 729 per sqft)

2305 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2305, each contractTypical one-bed in Reef Residence
40K60K2018202120242027Typical rent by year: 2018 AED 60,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 45,000; 2023 AED 50,000; 2024 AED 67,818; 2025 AED 70,000; 2026 AED 70,000

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 2305 sits

All 127 1-beds →

2305 last sold in July 2018 at AED 729 per sqft, 17% below what one-beds in Reef Residence were fetching at the time (AED 877). 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.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Sep 2026840,000
16 Jul 202626,488
8 Jul 2026995,000
15 May 2026810,000
8 1-bed 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 23rd floor

All 378 units in Reef Residence
Value
2301StudioAED 545K · Aug 2016
2302StudioAED 404K · Sep 2023
23031-bedAED 781K · May 2016
23042-bedAED 1.34M · Jun 2017
2306StudioAED 543K · Nov 2016
2307StudioAED 485K · Sep 2023
2308StudioAED 533K · Nov 2016
1–7 of 11

2305, Reef Residence in numbers

  • Sold twice: first on 3 October 2016 for AED 798,242, last on 30 July 2018 for AED 675,000 (AED 729 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 30 July 2018.

Questions about 2305, Reef Residence

What did unit 2305 last sell for?

AED 675,000 on 30 July 2018: AED 729 per sqft for 925 sqft. The unit has 2 registered sales; the first was AED 798,242 in October 2016.

How big is unit 2305?

925 sqft (85.9 sqm): a one-bedroom apartment on the 23rd floor of a 36-storey tower completed in 2017.

What is unit 2305 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 2305, Reef Residence

Starts from the last sale price (AED 675K, 30 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 675,000
Deposit, UAE resident (20%)
AED 135,000
Deposit, non-resident (40%)
AED 270,000
Monthly over 25 years at 3.7%
AED 2,762

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