2706, Reef Residence
Sold prices and rental history: sold twice, last in May 2024, 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 2706, Reef Residence
What is 2706 worth today?
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Source: Dubai Land Department. Updated 5 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 503 sqft
- Floor
- 27th of 36
- Parking
- P1-52
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,100 /yr
- Last sold
- AED 510K · May 2024
- Building
- Reef Residence
About 2706, Reef Residence
2706 is a studio of 503 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 31 May 2024 for AED 510,000, or AED 1,014 per sqft, 16% above the AED 875 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, signed on 5 August 2026, is AED 43,000 a year: a gross yield of 8.4% on the 2024 price, before the service charge of about AED 7,100 a year.
Sales and rents for 2706 over time
2706 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 2706 sits
All 186 studios →2706 last sold in May 2024 at AED 1,014 per sqft, 16% above what studios in Reef Residence were fetching at the time (AED 875). 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. 2706's AED 43,000 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 | |
| 2702 | Studio | 529 sqft | AED 555KAED 555,450 · Feb 2017February 2017 | 50,000 /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 | |
| 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 |
2706, Reef Residence in numbers
- Sold twice: first on 9 November 2016 for AED 557,220, last on 31 May 2024 for AED 510,000 (AED 1,014 per sqft).
- Rented since December 2018 on 7 Ejari contracts. The rent fell from AED 40,000 to AED 24,000 in 2021 and recovered to AED 43,000 by August 2026.
- At AED 43,000 a year the gross yield on the 2024 price is 8.4%, before a service charge of about AED 7,100 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 August 2026.
Questions about 2706, Reef Residence
What did unit 2706 last sell for?
AED 510,000 on 31 May 2024: AED 1,014 per sqft for 503 sqft. The unit has 2 registered sales; the first was AED 557,220 in November 2016.
What is the rent for unit 2706?
AED 43,000 a year on the contract signed on 5 August 2026. The previous contract, from July 2023, was AED 35,000; the unit has been rented since December 2018.
How big is unit 2706?
503 sqft (46.7 sqm): a studio on the 27th floor of a 36-storey tower completed in 2017.
What is unit 2706 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 2706, Reef Residence
Starts from the last sale price (AED 510K, 31 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 510,000
- Deposit, UAE resident (20%)
- AED 102,000
- Deposit, non-resident (40%)
- AED 204,000
- Monthly over 25 years at 3.7%
- AED 2,087
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →