2703, Reef Residence
Sold prices and rental history: sold twice, last in March 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 2703, Reef Residence
What is 2703 worth today?
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Source: Dubai Land Department. Updated 25 March 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 27th of 36
- Parking
- B1-81
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 715K · March 2024
- Building
- Reef Residence
About 2703, Reef Residence
2703 is a one-bedroom apartment of 886 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. It last sold on 25 March 2024 for AED 715,000, or AED 807 per sqft, in line with the AED 798 one-beds in the building were fetching at the time.
It has been rented since 2021 on 3 Ejari contracts. The current contract, renewed on 1 June 2023, is AED 48,000 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 12,600 a year.
Sales and rents for 2703 over time
2703 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 2703 sits
All 127 1-beds →2703 last sold in March 2024 at AED 807 per sqft, in line with what one-beds in Reef Residence were fetching at the time (AED 798). 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. 2703's AED 48,000 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 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 | |
| 2702 | Studio | 529 sqft | AED 555KAED 555,450 · Feb 2017February 2017 | 50,000 /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 |
2703, Reef Residence in numbers
- Sold twice: first on 9 November 2016 for AED 810,520, last on 25 March 2024 for AED 715,000 (AED 807 per sqft).
- Rented since June 2021 on 3 Ejari contracts, from AED 40,000 to AED 48,000 a year.
- At AED 48,000 a year the gross yield on the 2024 price is 6.7%, 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 25 March 2024.
Questions about 2703, Reef Residence
What did unit 2703 last sell for?
AED 715,000 on 25 March 2024: AED 807 per sqft for 886 sqft. The unit has 2 registered sales; the first was AED 810,520 in November 2016.
What is the rent for unit 2703?
AED 48,000 a year on the contract renewed on 1 June 2023. The previous contract, from June 2022, was AED 48,000; the unit has been rented since June 2021.
How big is unit 2703?
886 sqft (82.3 sqm): a one-bedroom apartment on the 27th floor of a 36-storey tower completed in 2017.
What is unit 2703 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 2703, Reef Residence
Starts from the last sale price (AED 715K, 25 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 715,000
- Deposit, UAE resident (20%)
- AED 143,000
- Deposit, non-resident (40%)
- AED 286,000
- Monthly over 25 years at 3.7%
- AED 2,925
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →