2702, Reef Residence
Sold prices and rental history: sold once, by the developer in February 2017, 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 2702, Reef Residence
What is 2702 worth today?
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Source: Dubai Land Department. Updated 5 December 2025.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 27th of 36
- Parking
- P1-53
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 555K · February 2017
- Building
- Reef Residence
About 2702, Reef Residence
2702 is a studio of 529 sqft on the 27th 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 16 February 2017 for AED 555,450, or AED 1,050 per sqft, in line with the AED 1,038 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 8 Ejari contracts. The current contract, renewed on 5 December 2025, is AED 50,000 a year: a gross yield of 9.0% on the 2017 price, before the service charge of about AED 7,500 a year.
Sales and rents for 2702 over time
2702 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 2702 sits
All 186 studios →2702 last sold in February 2017 at AED 1,050 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 1,038). 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. 2702's AED 50,000 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 53K /yr
- Typical yield
- 8.3%
Other units on the 27th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2701 | Studio | 520 sqft | AED 525KAED 525,000 · Feb 2018February 2018 | 43,000 /yr | |
| 2703 | 1-bed | 886 sqft | AED 715KAED 715,000 · Mar 2024March 2024 | 48,000 /yr | |
| 2704 | 2-bed | 1,537 sqft | AED 1.36MAED 1,355,000 · Jun 2017June 2017 | 130,000 /yr | |
| 2705 | 1-bed | 925 sqft | AED 980KAED 980,000 · Jun 2025June 2025 | 70,000 /yr | |
| 2706 | Studio | 503 sqft | AED 510KAED 510,000 · May 2024May 2024 | 43,000 /yr | |
| 2707 | Studio | 514 sqft | AED 320KAED 320,000 · Aug 2021August 2021 | 50,000 /yr | |
| 2708 | Studio | 467 sqft | AED 450KAED 450,000 · Nov 2023November 2023 | 60,000 /yr | |
| 2709 | 1-bed | 826 sqft | AED 741KAED 741,415 · Jun 2015June 2015 | 70,000 /yr | |
| 2710 | 2-bed | 1,481 sqft | AED 1.41MAED 1,410,000 · Jun 2024June 2024 | ||
| 2711 | 1-bed | 798 sqft | AED 730KAED 729,820 · Dec 2015December 2015 | 55,000 /yr | |
| 2712 | Studio | 515 sqft | AED 525KAED 525,000 · Jun 2017June 2017 | 45,000 /yr |
2702, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 16 February 2017 for AED 555,450, or AED 1,050 per sqft.
- Rented since November 2018 on 8 Ejari contracts. The rent fell from AED 42,000 to AED 30,000 in 2021 and recovered to AED 50,000 by December 2025.
- At AED 50,000 a year the gross yield on the 2017 price is 9.0%, before a service charge of about AED 7,500 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 December 2025.
Questions about 2702, Reef Residence
What did unit 2702 last sell for?
AED 555,450 on 16 February 2017, sold by the developer: AED 1,050 per sqft for 529 sqft. It is the only registered sale of the unit.
What is the rent for unit 2702?
AED 50,000 a year on the contract renewed on 5 December 2025. The previous contract, from December 2025, was AED 50,000; the unit has been rented since November 2018.
How big is unit 2702?
529 sqft (49.1 sqm): a studio on the 27th floor of a 36-storey tower completed in 2017.
What is unit 2702 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 2702, Reef Residence
Starts from the last sale price (AED 555K, 16 February 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 555,450
- Deposit, UAE resident (20%)
- AED 111,090
- Deposit, non-resident (40%)
- AED 222,180
- Monthly over 25 years at 3.7%
- AED 2,273
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →