2402, Reef Residence
Sold prices and rental history: sold 4 times, last in February 2024, 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 2402, Reef Residence
What is 2402 worth today?
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Source: Dubai Land Department. Updated 12 October 2026.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 24th of 36
- Parking
- B2-36
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 500K · February 2024
- Building
- Reef Residence
About 2402, Reef Residence
2402 is a studio of 529 sqft on the 24th 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 28 February 2024 for AED 500,000, or AED 946 per sqft, 16% above the AED 817 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 12 October 2026, is AED 49,000 a year: a gross yield of 9.8% on the 2024 price, before the service charge of about AED 7,500 a year.
Sales and rents for 2402 over time
2402 has sold 4 times; 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 2402 sits
All 186 studios →2402 last sold in February 2024 at AED 946 per sqft, 16% above what studios in Reef Residence were fetching at the time (AED 817). 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. 2402's AED 49,000 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 24th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2401 | Studio | 520 sqft | AED 510KAED 510,000 · Feb 2018February 2018 | 43,000 /yr | |
| 2403 | 1-bed | 886 sqft | AED 850KAED 850,000 · Jul 2025July 2025 | ||
| 2404 | 2-bed | 1,537 sqft | AED 1.32MAED 1,315,805 · Oct 2016October 2016 | ||
| 2405 | 1-bed | 925 sqft | AED 783KAED 782,698 · Sep 2016September 2016 | 65,000 /yr | |
| 2406 | Studio | 503 sqft | AED 350KAED 350,000 · Feb 2022February 2022 | 60,000 /yr | |
| 2407 | Studio | 514 sqft | AED 560KAED 559,970 · Apr 2016April 2016 | 60,000 /yr | |
| 2408 | Studio | 467 sqft | AED 490KAED 490,000 · Aug 2017August 2017 | 52,000 /yr | |
| 2409 | 1-bed | 826 sqft | AED 780KAED 780,000 · Oct 2024October 2024 | 64,000 /yr | |
| 2410 | 2-bed | 1,481 sqft | AED 1.29MAED 1,293,600 · May 2017May 2017 | 70,000 /yr | |
| 2411 | 1-bed | 798 sqft | AED 602KAED 602,250 · May 2016May 2016 | 70,000 /yr | |
| 2412 | Studio | 515 sqft | AED 543KAED 543,171 · Aug 2016August 2016 | 42,446 /yr |
2402, Reef Residence in numbers
- Sold 4 times: first on 27 September 2016 for AED 570,222, last on 28 February 2024 for AED 500,000 (AED 946 per sqft).
- Rented since May 2019 on 7 Ejari contracts. The rent fell from AED 39,000 to AED 26,500 in 2021 and recovered to AED 49,000 by October 2026.
- At AED 49,000 a year the gross yield on the 2024 price is 9.8%, 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 12 October 2026.
Questions about 2402, Reef Residence
What did unit 2402 last sell for?
AED 500,000 on 28 February 2024: AED 946 per sqft for 529 sqft. The unit has 4 registered sales; the first was AED 570,222 in September 2016.
What is the rent for unit 2402?
AED 49,000 a year on the contract renewed on 12 October 2026. The previous contract, from October 2025, was AED 49,000; the unit has been rented since May 2019.
How big is unit 2402?
529 sqft (49.1 sqm): a studio on the 24th floor of a 36-storey tower completed in 2017.
What is unit 2402 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 2402, Reef Residence
Starts from the last sale price (AED 500K, 28 February 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 500,000
- Deposit, UAE resident (20%)
- AED 100,000
- Deposit, non-resident (40%)
- AED 200,000
- Monthly over 25 years at 3.7%
- AED 2,046
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →