2405, Reef Residence
Sold prices and rental history: sold once, by the developer in September 2016, 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 2405, Reef Residence
What is 2405 worth today?
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Source: Dubai Land Department. Updated 15 August 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 925 sqft
- Floor
- 24th of 36
- Parking
- B2-77
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 13,100 /yr
- Last sold
- AED 783K · September 2016
- Building
- Reef Residence
About 2405, Reef Residence
2405 is a one-bedroom apartment of 925 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. The developer sold it on 25 September 2016 for AED 782,698, or AED 845 per sqft, 4% above the AED 816 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 15 August 2026, is AED 65,000 a year: a gross yield of 8.3% on the 2016 price, before the service charge of about AED 13,100 a year.
Sales and rents for 2405 over time
2405 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 2405 sits
All 127 1-beds →2405 last sold in September 2016 at AED 845 per sqft, 4% above what one-beds in Reef Residence were fetching at the time (AED 816). 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. 2405's AED 65,000 is in the upper 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 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 | |
| 2402 | Studio | 529 sqft | AED 500KAED 500,000 · Feb 2024February 2024 | 49,000 /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 | ||
| 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 |
2405, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 25 September 2016 for AED 782,698, or AED 845 per sqft.
- Rented since September 2018 on 7 Ejari contracts. The rent fell from AED 58,000 to AED 42,000 in 2021 and recovered to AED 65,000 by August 2026.
- At AED 65,000 a year the gross yield on the 2016 price is 8.3%, before a service charge of about AED 13,100 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 15 August 2026.
Questions about 2405, Reef Residence
What did unit 2405 last sell for?
AED 782,698 on 25 September 2016, sold by the developer: AED 845 per sqft for 925 sqft. It is the only registered sale of the unit.
What is the rent for unit 2405?
AED 65,000 a year on the contract signed on 15 August 2026. The previous contract, from January 2024, was AED 70,000; the unit has been rented since September 2018.
How big is unit 2405?
925 sqft (85.9 sqm): a one-bedroom apartment on the 24th floor of a 36-storey tower completed in 2017.
What is unit 2405 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 2405, Reef Residence
Starts from the last sale price (AED 783K, 25 September 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 782,698
- Deposit, UAE resident (20%)
- AED 156,540
- Deposit, non-resident (40%)
- AED 313,079
- Monthly over 25 years at 3.7%
- AED 3,202
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →