2307, Reef Residence
Sold prices and rental history: sold twice, last in September 2023, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2307, Reef Residence
What is 2307 worth today?
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Source: Dubai Land Department. Updated 31 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 23rd of 36
- Parking
- B2-39
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 485K · September 2023
- Building
- Reef Residence
About 2307, Reef Residence
2307 is a studio of 514 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 25 September 2023 for AED 485,000, or AED 943 per sqft, 22% above the AED 770 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, signed on 31 August 2026, is AED 45,000 a year: a gross yield of 9.3% on the 2023 price, before the service charge of about AED 7,300 a year.
Sales and rents for 2307 over time
2307 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 2307 sits
All 186 studios →2307 last sold in September 2023 at AED 943 per sqft, 22% above what studios in Reef Residence were fetching at the time (AED 770). 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. 2307's AED 45,000 is in the lower 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 | |
| 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 | |
| 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 | |
| 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 |
2307, Reef Residence in numbers
- Sold twice: first on 3 May 2016 for AED 545,076, last on 25 September 2023 for AED 485,000 (AED 943 per sqft).
- Rented since November 2018 on 8 Ejari contracts. The rent fell from AED 48,000 to AED 30,000 in 2021 and recovered to AED 45,000 by August 2026.
- At AED 45,000 a year the gross yield on the 2023 price is 9.3%, before a service charge of about AED 7,300 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 31 August 2026.
Questions about 2307, Reef Residence
What did unit 2307 last sell for?
AED 485,000 on 25 September 2023: AED 943 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 545,076 in May 2016.
What is the rent for unit 2307?
AED 45,000 a year on the contract signed on 31 August 2026. The previous contract, from September 2025, was AED 55,000; the unit has been rented since November 2018.
How big is unit 2307?
514 sqft (47.8 sqm): a studio on the 23rd floor of a 36-storey tower completed in 2017.
What is unit 2307 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 2307, Reef Residence
Starts from the last sale price (AED 485K, 25 September 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 485,000
- Deposit, UAE resident (20%)
- AED 97,000
- Deposit, non-resident (40%)
- AED 194,000
- Monthly over 25 years at 3.7%
- AED 1,984
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →