2508, Reef Residence
Sold prices and rental history: sold twice, last in June 2022, 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 2508, Reef Residence
What is 2508 worth today?
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Source: Dubai Land Department. Updated 5 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 467 sqft
- Floor
- 25th of 36
- Parking
- B2-86
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 6,600 /yr
- Last sold
- AED 365K · June 2022
- Building
- Reef Residence
About 2508, Reef Residence
2508 is a studio of 467 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 30 June 2022 for AED 365,000, or AED 780 per sqft, 11% above the AED 703 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 5 February 2025, is AED 45,150 a year: a gross yield of 12.4% on the 2022 price, before the service charge of about AED 6,600 a year.
Sales and rents for 2508 over time
2508 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 2508 sits
All 186 studios →2508 last sold in June 2022 at AED 780 per sqft, 11% above what studios in Reef Residence were fetching at the time (AED 703). 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. 2508's AED 45,150 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 | |
| 2507 | Studio | 514 sqft | AED 546KAED 545,820 · Aug 2016August 2016 | 40,000 /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 |
2508, Reef Residence in numbers
- Sold twice: first on 26 June 2016 for AED 526,242, last on 30 June 2022 for AED 365,000 (AED 780 per sqft).
- Rented since January 2018 on 5 Ejari contracts. The rent fell from AED 42,000 to AED 27,000 in 2020 and recovered to AED 45,150 by February 2025.
- At AED 45,150 a year the gross yield on the 2022 price is 12.4%, 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 5 February 2025.
Questions about 2508, Reef Residence
What did unit 2508 last sell for?
AED 365,000 on 30 June 2022: AED 780 per sqft for 467 sqft. The unit has 2 registered sales; the first was AED 526,242 in June 2016.
What is the rent for unit 2508?
AED 45,150 a year on the contract renewed on 5 February 2025. The previous contract, from February 2024, was AED 43,000; the unit has been rented since January 2018.
How big is unit 2508?
467 sqft (43.4 sqm): a studio on the 25th floor of a 36-storey tower completed in 2017.
What is unit 2508 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 2508, Reef Residence
Starts from the last sale price (AED 365K, 30 June 2022). Switch to today's estimate once you have unlocked it.- Price
- AED 365,000
- Deposit, UAE resident (20%)
- AED 73,000
- Deposit, non-resident (40%)
- AED 146,000
- Monthly over 25 years at 3.7%
- AED 1,493
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →