2408, Reef Residence
Sold prices and rental history: sold twice, last in August 2017, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2408, Reef Residence
What is 2408 worth today?
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Source: Dubai Land Department. Updated 24 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 467 sqft
- Floor
- 24th of 36
- Parking
- B2-35
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 6,600 /yr
- Last sold
- AED 490K · August 2017
- Building
- Reef Residence
About 2408, Reef Residence
2408 is a studio of 467 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 14 August 2017 for AED 490,000, or AED 1,048 per sqft, in line with the AED 1,061 studios in the building were fetching at the time.
It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 24 September 2026, is AED 52,000 a year: a gross yield of 10.6% on the 2017 price, before the service charge of about AED 6,600 a year.
Sales and rents for 2408 over time
2408 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 2408 sits
All 186 studios →2408 last sold in August 2017 at AED 1,048 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 1,061). 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. 2408's AED 52,000 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 | |
| 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 | ||
| 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 | |
| 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 |
2408, Reef Residence in numbers
- Sold twice: first on 14 April 2016 for AED 519,800, last on 14 August 2017 for AED 490,000 (AED 1,048 per sqft).
- Rented since August 2024 on 3 Ejari contracts, from AED 54,000 to AED 52,000 a year.
- At AED 52,000 a year the gross yield on the 2017 price is 10.6%, before a service charge of about AED 6,600 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 24 September 2026.
Questions about 2408, Reef Residence
What did unit 2408 last sell for?
AED 490,000 on 14 August 2017: AED 1,048 per sqft for 467 sqft. The unit has 2 registered sales; the first was AED 519,800 in April 2016.
What is the rent for unit 2408?
AED 52,000 a year on the contract signed on 24 September 2026. The previous contract, from September 2025, was AED 52,000; the unit has been rented since August 2024.
How big is unit 2408?
467 sqft (43.4 sqm): a studio on the 24th floor of a 36-storey tower completed in 2017.
What is unit 2408 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 2408, Reef Residence
Starts from the last sale price (AED 490K, 14 August 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 490,000
- Deposit, UAE resident (20%)
- AED 98,000
- Deposit, non-resident (40%)
- AED 196,000
- Monthly over 25 years at 3.7%
- AED 2,005
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →