2802, Reef Residence
Sold prices and rental history: sold once, by the developer in September 2015, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2802, Reef Residence
What is 2802 worth today?
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Source: Dubai Land Department. Updated 7 August 2019.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 28th of 36
- Parking
- P1-29
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 529K · September 2015
- Building
- Reef Residence
About 2802, Reef Residence
2802 is a studio of 529 sqft on the 28th 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 29 September 2015 for AED 528,524, or AED 1,000 per sqft, 9% above the AED 919 studios in the building were fetching at the time.
It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 7 August 2019, is AED 32,900 a year: a gross yield of 6.2% on the 2015 price, before the service charge of about AED 7,500 a year.
Sales and rents for 2802 over time
2802 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 2802 sits
All 186 studios →2802 last sold in September 2015 at AED 1,000 per sqft, 9% above what studios in Reef Residence were fetching at the time (AED 919). 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. 2802's AED 32,900 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 28th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2801 | Studio | 520 sqft | AED 519KAED 518,533 · Aug 2015August 2015 | 41,000 /yr | |
| 2803 | 1-bed | 886 sqft | AED 758KAED 757,660 · Aug 2015August 2015 | 71,000 /yr | |
| 2804 | 2-bed | 1,537 sqft | AED 1.15MAED 1,150,000 · Apr 2018April 2018 | ||
| 2805 | 1-bed | 925 sqft | AED 855KAED 855,000 · May 2024May 2024 | 45,000 /yr | |
| 2806 | Studio | 503 sqft | AED 462KAED 461,840 · Aug 2015August 2015 | 48,000 /yr | |
| 2807 | Studio | 514 sqft | AED 473KAED 472,880 · Aug 2015August 2015 | 54,000 /yr | |
| 2808 | Studio | 467 sqft | AED 535KAED 535,000 · Jan 2025January 2025 | 52,000 /yr | |
| 2809 | 1-bed | 826 sqft | AED 740KAED 740,036 · Aug 2015August 2015 | 65,000 /yr | |
| 2810 | 2-bed | 1,481 sqft | AED 1.31MAED 1,310,000 · May 2017May 2017 | ||
| 2811 | 1-bed | 798 sqft | AED 700KAED 700,000 · Oct 2023October 2023 | 42,000 /yr | |
| 2812 | Studio | 515 sqft | AED 540KAED 540,000 · Jul 2024July 2024 | 54,000 /yr |
2802, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 29 September 2015 for AED 528,524, or AED 1,000 per sqft.
- Rented since November 2018 on 2 Ejari contracts, from AED 42,000 to AED 32,900 a year.
- At AED 32,900 a year the gross yield on the 2015 price is 6.2%, 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 7 August 2019.
Questions about 2802, Reef Residence
What did unit 2802 last sell for?
AED 528,524 on 29 September 2015, sold by the developer: AED 1,000 per sqft for 529 sqft. It is the only registered sale of the unit.
What is the rent for unit 2802?
AED 32,900 a year on the contract signed on 7 August 2019. The previous contract, from November 2018, was AED 42,000.
How big is unit 2802?
529 sqft (49.1 sqm): a studio on the 28th floor of a 36-storey tower completed in 2017.
What is unit 2802 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 2802, Reef Residence
Starts from the last sale price (AED 529K, 29 September 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 528,524
- Deposit, UAE resident (20%)
- AED 105,705
- Deposit, non-resident (40%)
- AED 211,410
- Monthly over 25 years at 3.7%
- AED 2,162
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →