2707, Reef Residence
Sold prices and rental history: sold twice, last in August 2021, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2707, Reef Residence
What is 2707 worth today?
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Source: Dubai Land Department. Updated 15 November 2025.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 27th of 36
- Parking
- P1-25
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 320K · August 2021
- Building
- Reef Residence
About 2707, Reef Residence
2707 is a studio of 514 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 23 August 2021 for AED 320,000, or AED 622 per sqft, in line with the AED 619 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 8 Ejari contracts. The current contract, signed on 15 November 2025, is AED 50,000 a year: a gross yield of 15.6% on the 2021 price, before the service charge of about AED 7,300 a year.
Sales and rents for 2707 over time
2707 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 2707 sits
All 186 studios →2707 last sold in August 2021 at AED 622 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 619). 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. 2707'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 | |
| 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 | |
| 2706 | Studio | 503 sqft | AED 510KAED 510,000 · May 2024May 2024 | 43,000 /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 |
2707, Reef Residence in numbers
- Sold twice: first on 6 October 2016 for AED 570,540, last on 23 August 2021 for AED 320,000 (AED 622 per sqft).
- Rented since March 2019 on 8 Ejari contracts. The rent fell from AED 35,807 to AED 25,000 in 2021 and recovered to AED 50,000 by November 2025.
- At AED 50,000 a year the gross yield on the 2021 price is 15.6%, 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 15 November 2025.
Questions about 2707, Reef Residence
What did unit 2707 last sell for?
AED 320,000 on 23 August 2021: AED 622 per sqft for 514 sqft. The unit has 2 registered sales; the first was AED 570,540 in October 2016.
What is the rent for unit 2707?
AED 50,000 a year on the contract signed on 15 November 2025. The previous contract, from November 2024, was AED 45,000; the unit has been rented since March 2019.
How big is unit 2707?
514 sqft (47.8 sqm): a studio on the 27th floor of a 36-storey tower completed in 2017.
What is unit 2707 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 2707, Reef Residence
Starts from the last sale price (AED 320K, 23 August 2021). Switch to today's estimate once you have unlocked it.- Price
- AED 320,000
- Deposit, UAE resident (20%)
- AED 64,000
- Deposit, non-resident (40%)
- AED 128,000
- Monthly over 25 years at 3.7%
- AED 1,309
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →