2-bed · 1,481 sqftReef Residence, Jumeirah Village Circle (JVC) · 24th floor · completed 2017

2410, Reef Residence

Sold prices and rental history: sold once, by the developer in May 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2410 · DLD and Ejari recordsUpdated 15 December 2021
Last soldAED 1.29M9 May 2017
Current rentAED 70K /yr15 December 2021
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2410, Reef Residence

What is 2410 worth today?

Last sold for AED 1,293,600 in 2017

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15 Dec 2021RentedRenewal
AED 70,000/yr12 months · AED 47 per sqft
15 Dec 2020RentedRenewal
AED 80,000/yr12 months · AED 54 per sqft
15 Dec 2019RentedRenewal
AED 80,000/yr12 months · AED 54 per sqft
15 Dec 2018RentedNew contract
AED 93,000/yr12 months · AED 63 per sqft
9 May 2017Sold by developerOff-plan
AED 1,293,600AED 873 per sqft

Source: Dubai Land Department. Updated 15 December 2021.

Key facts

Type
2-bed apartment
Size
1,481 sqft
Floor
24th of 36
Parking
P2-01
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 21,000 /yr
Last sold
AED 1.29M · May 2017

About 2410, Reef Residence

2410 is a two-bedroom apartment of 1,481 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 9 May 2017 for AED 1,293,600, or AED 873 per sqft, 6% above the AED 827 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 15 December 2021, is AED 70,000 a year: a gross yield of 5.4% on the 2017 price, before the service charge of about AED 21,000 a year.

Sales and rents for 2410 over time

Sales
Unit 2410, each saleTypical two-bed in Reef Residence
1M1.25M1.5M20152018202120242027Typical sale price by year: 2015 AED 1,242,995; 2016 AED 1,206,534; 2017 AED 1,324,880; 2018 AED 1,250,000; 2022 AED 1,000,000; 2023 AED 1,250,000; 2024 AED 1,350,000; 2026 AED 1,450,000Sold by developer, May 2017: AED 1,293,600 (AED 873 per sqft)

2410 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2410, each contractTypical two-bed in Reef Residence
75K100K125K2018202120242027Typical rent by year: 2018 AED 95,000; 2019 AED 88,000; 2020 AED 71,000; 2021 AED 70,000; 2022 AED 77,000; 2023 AED 86,512; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 120,000New contract, December 2018: AED 93,000 a yearRenewal, December 2019: AED 80,000 a yearRenewal, December 2020: AED 80,000 a yearRenewal, December 2021: AED 70,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Reef Residence, and where 2410 sits

All 65 2-beds →

2410 last sold in May 2017 at AED 873 per sqft, 6% above what two-beds in Reef Residence were fetching at the time (AED 827). Over the last 12 months two-beds sold for AED 1,200,000 to 2,000,000, around AED 943 per sqft, and rent for AED 96,801 to 165,000 a year. 2410's AED 70,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Sep 20261,635,000
23 Jul 20261,580,000
2 Jun 20261,450,000
1 Jun 20262,000,000
7 2-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 24th floor

All 378 units in Reef Residence
Value
2401StudioAED 510K · Feb 2018
2402StudioAED 500K · Feb 2024
24031-bedAED 850K · Jul 2025
24042-bedAED 1.32M · Oct 2016
24051-bedAED 783K · Sep 2016
2406StudioAED 350K · Feb 2022
2407StudioAED 560K · Apr 2016
1–7 of 11

2410, Reef Residence in numbers

  • Sold once: by Sama Alkhaleej Real Estate Development Co on 9 May 2017 for AED 1,293,600, or AED 873 per sqft.
  • Rented since December 2018 on 4 Ejari contracts, from AED 93,000 to AED 70,000 a year.
  • At AED 70,000 a year the gross yield on the 2017 price is 5.4%, before a service charge of about AED 21,000 a year (AED 14.20 per sqft).
  • Two-beds in Reef Residence sold for AED 1,200,000–2,000,000 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 December 2021.

Questions about 2410, Reef Residence

What did unit 2410 last sell for?

AED 1,293,600 on 9 May 2017, sold by the developer: AED 873 per sqft for 1,481 sqft. It is the only registered sale of the unit.

What is the rent for unit 2410?

AED 70,000 a year on the contract renewed on 15 December 2021. The previous contract, from December 2020, was AED 80,000; the unit has been rented since December 2018.

How big is unit 2410?

1,481 sqft (137.6 sqm): a two-bedroom apartment on the 24th floor of a 36-storey tower completed in 2017.

What is unit 2410 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Reef Residence sold for AED 1,200,000 to 2,000,000 in the last 12 months, around AED 943 per sqft.

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Mortgage on 2410, Reef Residence

Starts from the last sale price (AED 1.29M, 9 May 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,293,600
Deposit, UAE resident (20%)
AED 258,720
Deposit, non-resident (40%)
AED 517,440
Monthly over 25 years at 3.7%
AED 5,293

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