2603, Reef Residence
Sold prices and rental history: sold twice, last in May 2024, and rented since 2021. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2603, Reef Residence
What is 2603 worth today?
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Source: Dubai Land Department. Updated 27 May 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 26th of 36
- Parking
- B1-37
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 850K · May 2024
- Building
- Reef Residence
About 2603, Reef Residence
2603 is a one-bedroom apartment of 886 sqft on the 26th 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 27 May 2024 for AED 850,000, or AED 959 per sqft, 9% above the AED 877 one-beds in the building were fetching at the time.
It has been rented since 2021 on 2 Ejari contracts. The current contract, signed on 18 April 2023, is AED 50,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 12,600 a year.
Sales and rents for 2603 over time
2603 has sold twice; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Reef Residence, and where 2603 sits
All 127 1-beds →2603 last sold in May 2024 at AED 959 per sqft, 9% above what one-beds in Reef Residence were fetching at the time (AED 877). Over the last 12 months one-beds sold for AED 810,000 to 995,000, around AED 993 per sqft, and rent for AED 40,000 to 82,500 a year. 2603's AED 50,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Sep 20268 September 2026 | 886 sqft | 840,000 | 948 | ||
| 16 Jul 202616 July 2026 | 886 sqft | 26,488 | 29 | ||
| 8 Jul 20268 July 2026 | 826 sqft | 995,000 | 1,205 | ||
| 15 May 202615 May 2026 | 798 sqft | 810,000 | 1,015 |
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 26th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2601 | Studio | 520 sqft | AED 553KAED 552,730 · Aug 2016August 2016 | 40,000 /yr | |
| 2602 | Studio | 529 sqft | AED 559KAED 558,538 · Aug 2016August 2016 | 44,100 /yr | |
| 2604 | 2-bed | 1,537 sqft | AED 1.58MAED 1,580,000 · Jul 2026July 2026 | 86,000 /yr | |
| 2605 | 1-bed | 925 sqft | AED 815KAED 815,133 · Jul 2016July 2016 | ||
| 2606 | Studio | 503 sqft | AED 547KAED 547,000 · Sep 2016September 2016 | 35,000 /yr | |
| 2607 | Studio | 514 sqft | AED 460KAED 460,000 · May 2018May 2018 | 42,000 /yr | |
| 2608 | Studio | 467 sqft | AED 529KAED 528,772 · Jul 2016July 2016 | 45,000 /yr | |
| 2609 | 1-bed | 826 sqft | AED 628KAED 627,750 · May 2016May 2016 | 68,000 /yr | |
| 2610 | 2-bed | 1,481 sqft | AED 1.25MAED 1,250,000 · Jan 2023January 2023 | 115,000 /yr | |
| 2611 | 1-bed | 798 sqft | AED 741KAED 741,183 · Jun 2016June 2016 | 65,000 /yr | |
| 2612 | Studio | 515 sqft | AED 548KAED 548,470 · Aug 2016August 2016 | 43,000 /yr |
2603, Reef Residence in numbers
- Sold twice: first on 26 June 2016 for AED 795,282, last on 27 May 2024 for AED 850,000 (AED 959 per sqft).
- Rented since May 2021 on 2 Ejari contracts, from AED 42,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2024 price is 5.9%, before a service charge of about AED 12,600 a year (AED 14.20 per sqft).
- One-beds in Reef Residence sold for AED 810,000–995,000 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 27 May 2024.
Questions about 2603, Reef Residence
What did unit 2603 last sell for?
AED 850,000 on 27 May 2024: AED 959 per sqft for 886 sqft. The unit has 2 registered sales; the first was AED 795,282 in June 2016.
What is the rent for unit 2603?
AED 50,000 a year on the contract signed on 18 April 2023. The previous contract, from May 2021, was AED 42,000.
How big is unit 2603?
886 sqft (82.3 sqm): a one-bedroom apartment on the 26th floor of a 36-storey tower completed in 2017.
What is unit 2603 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reef Residence sold for AED 810,000 to 995,000 in the last 12 months, around AED 993 per sqft.
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Mortgage on 2603, Reef Residence
Starts from the last sale price (AED 850K, 27 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 850,000
- Deposit, UAE resident (20%)
- AED 170,000
- Deposit, non-resident (40%)
- AED 340,000
- Monthly over 25 years at 3.7%
- AED 3,478
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →