2607, Reef Residence
Sold prices and rental history: sold twice, last in May 2018, 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 2607, Reef Residence
What is 2607 worth today?
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Source: Dubai Land Department. Updated 7 January 2023.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 26th of 36
- Parking
- P1-56
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 460K · May 2018
- Building
- Reef Residence
About 2607, Reef Residence
2607 is a studio of 514 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 13 May 2018 for AED 460,000, or AED 894 per sqft, 14% below the AED 1,034 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 7 January 2023, is AED 42,000 a year: a gross yield of 9.1% on the 2018 price, before the service charge of about AED 7,300 a year.
Sales and rents for 2607 over time
2607 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 2607 sits
All 186 studios →2607 last sold in May 2018 at AED 894 per sqft, 14% below what studios in Reef Residence were fetching at the time (AED 1,034). 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. 2607's AED 42,000 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 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 | |
| 2603 | 1-bed | 886 sqft | AED 850KAED 850,000 · May 2024May 2024 | 50,000 /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 | |
| 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 |
2607, Reef Residence in numbers
- Sold twice: first on 27 September 2016 for AED 565,433, last on 13 May 2018 for AED 460,000 (AED 894 per sqft).
- Rented since July 2018 on 5 Ejari contracts. The rent fell from AED 45,000 to AED 29,000 in 2021 and recovered to AED 42,000 by January 2023.
- At AED 42,000 a year the gross yield on the 2018 price is 9.1%, 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 7 January 2023.
Questions about 2607, Reef Residence
What did unit 2607 last sell for?
AED 460,000 on 13 May 2018: AED 894 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 565,433 in September 2016.
What is the rent for unit 2607?
AED 42,000 a year on the contract signed on 7 January 2023. The previous contract, from January 2022, was AED 32,000; the unit has been rented since July 2018.
How big is unit 2607?
514 sqft (47.8 sqm): a studio on the 26th floor of a 36-storey tower completed in 2017.
What is unit 2607 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 2607, Reef Residence
Starts from the last sale price (AED 460K, 13 May 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 460,000
- Deposit, UAE resident (20%)
- AED 92,000
- Deposit, non-resident (40%)
- AED 184,000
- Monthly over 25 years at 3.7%
- AED 1,882
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →