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2-bed · 1,537 sqftReef Residence, Jumeirah Village Circle (JVC) · 25th floor · completed 2017

2504, Reef Residence

Sold prices and rental history: sold twice, last in August 2023, and rented once, from July 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2504 · DLD and Ejari recordsUpdated 1 August 2023
Last soldAED 1.2M1 August 2023
Current rentAED 77K /yr27 July 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2504, Reef Residence

What is 2504 worth today?

Last sold for AED 1,200,000 in 2023

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1 Aug 2023SoldReady
AED 1,200,000AED 780 per sqft
27 Jul 2020RentedNew contract
AED 77,000/yr12 months · AED 50 per sqft
21 Jun 2017Sold by developerOff-plan
AED 1,351,680AED 879 per sqft

Source: Dubai Land Department. Updated 1 August 2023.

Key facts

Type
2-bed apartment
Size
1,537 sqft
Floor
25th of 36
Parking
B1-80
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 21,800 /yr
Last sold
AED 1.2M · August 2023
Building
Reef Residence

About 2504, Reef Residence

2504 is a two-bedroom apartment of 1,537 sqft on the 25th 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 1 August 2023 for AED 1,200,000, or AED 780 per sqft, in line with the AED 780 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 27 July 2020. The current contract, signed on 27 July 2020, is AED 77,000 a year: a gross yield of 6.4% on the 2023 price, before the service charge of about AED 21,800 a year.

Sales and rents for 2504 over time

Sales
Unit 2504, 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, June 2017: AED 1,351,680 (AED 879 per sqft)Sold, August 2023: AED 1,200,000 (AED 780 per sqft)

2504 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2504, 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, July 2020: AED 77,000 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 2504 sits

All 65 2-beds →

2504 last sold in August 2023 at AED 780 per sqft, in line with what two-beds in Reef Residence were fetching at the time (AED 780). 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. 2504's AED 77,000 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 52K /yr
Typical yield
8.3%
Reef Residence, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 25th floor

All 378 units in Reef Residence
Value
2501StudioAED 550K · Aug 2016
2502StudioAED 600K · Jun 2025
25031-bedAED 775K · Aug 2016
25051-bedAED 787K · Sep 2016
2506StudioAED 545K · Sep 2016
2507StudioAED 546K · Aug 2016
2508StudioAED 365K · Jun 2022
1–7 of 11

2504, Reef Residence in numbers

  • Sold twice: first on 21 June 2017 for AED 1,351,680, last on 1 August 2023 for AED 1,200,000 (AED 780 per sqft).
  • Rented since July 2020 on one Ejari contract, at AED 77,000 a year.
  • At AED 77,000 a year the gross yield on the 2023 price is 6.4%, before a service charge of about AED 21,800 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 1 August 2023.

Questions about 2504, Reef Residence

What did unit 2504 last sell for?

AED 1,200,000 on 1 August 2023: AED 780 per sqft for 1,537 sqft. The unit has 2 registered sales; the first was AED 1,351,680 in June 2017.

What is the rent for unit 2504?

AED 77,000 a year on the contract signed on 27 July 2020.

How big is unit 2504?

1,537 sqft (142.8 sqm): a two-bedroom apartment on the 25th floor of a 36-storey tower completed in 2017.

What is unit 2504 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 2504, Reef Residence

Starts from the last sale price (AED 1.2M, 1 August 2023). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,000
Deposit, UAE resident (20%)
AED 240,000
Deposit, non-resident (40%)
AED 480,000
Monthly over 25 years at 3.7%
AED 4,910

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