2507, Reef Residence
Sold prices and rental history: sold once, by the developer in August 2016, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2507, Reef Residence
What is 2507 worth today?
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Source: Dubai Land Department. Updated 15 March 2024.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 25th of 36
- Parking
- P1-41
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 546K · August 2016
- Building
- Reef Residence
About 2507, Reef Residence
2507 is a studio of 514 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. The developer sold it on 29 August 2016 for AED 545,820, or AED 1,061 per sqft, 9% above the AED 976 studios in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, signed on 15 March 2024, is AED 40,000 a year: a gross yield of 7.3% on the 2016 price, before the service charge of about AED 7,300 a year.
Sales and rents for 2507 over time
2507 has sold once; 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 2507 sits
All 186 studios →2507 last sold in August 2016 at AED 1,061 per sqft, 9% above what studios in Reef Residence were fetching at the time (AED 976). 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. 2507's AED 40,000 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 52K /yr
- Typical yield
- 8.3%
Other units on the 25th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2501 | Studio | 520 sqft | AED 550KAED 550,006 · Aug 2016August 2016 | 40,425 /yr | |
| 2502 | Studio | 529 sqft | AED 600KAED 600,000 · Jun 2025June 2025 | 44,000 /yr | |
| 2503 | 1-bed | 886 sqft | AED 775KAED 774,792 · Aug 2016August 2016 | 82,500 /yr | |
| 2504 | 2-bed | 1,537 sqft | AED 1.2MAED 1,200,000 · Aug 2023August 2023 | 77,000 /yr | |
| 2505 | 1-bed | 925 sqft | AED 787KAED 787,412 · Sep 2016September 2016 | 70,000 /yr | |
| 2506 | Studio | 503 sqft | AED 545KAED 545,000 · Sep 2016September 2016 | 39,690 /yr | |
| 2508 | Studio | 467 sqft | AED 365KAED 365,000 · Jun 2022June 2022 | 45,150 /yr | |
| 2509 | 1-bed | 826 sqft | AED 628KAED 627,750 · May 2016May 2016 | 71,000 /yr | |
| 2510 | 2-bed | 1,481 sqft | AED 1.34MAED 1,341,725 · Apr 2017April 2017 | ||
| 2511 | 1-bed | 798 sqft | AED 602KAED 601,500 · May 2016May 2016 | 70,000 /yr | |
| 2512 | Studio | 515 sqft | AED 546KAED 545,820 · Aug 2016August 2016 | 40,000 /yr |
2507, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 29 August 2016 for AED 545,820, or AED 1,061 per sqft.
- Rented since February 2021 on 3 Ejari contracts, from AED 25,000 to AED 40,000 a year.
- At AED 40,000 a year the gross yield on the 2016 price is 7.3%, before a service charge of about AED 7,300 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 15 March 2024.
Questions about 2507, Reef Residence
What did unit 2507 last sell for?
AED 545,820 on 29 August 2016, sold by the developer: AED 1,061 per sqft for 514 sqft. It is the only registered sale of the unit.
What is the rent for unit 2507?
AED 40,000 a year on the contract signed on 15 March 2024. The previous contract, from February 2022, was AED 27,000; the unit has been rented since February 2021.
How big is unit 2507?
514 sqft (47.8 sqm): a studio on the 25th floor of a 36-storey tower completed in 2017.
What is unit 2507 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 2507, Reef Residence
Starts from the last sale price (AED 546K, 29 August 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 545,820
- Deposit, UAE resident (20%)
- AED 109,164
- Deposit, non-resident (40%)
- AED 218,328
- Monthly over 25 years at 3.7%
- AED 2,233
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →