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2-bed · 1,537 sqftReef Residence, Jumeirah Village Circle (JVC) · 28th floor · completed 2017

2804, Reef Residence

Sold prices and rental history: sold twice, last in April 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2804 · DLD and Ejari recordsUpdated 12 April 2018
Last soldAED 1.15M12 April 2018
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2804, Reef Residence

What is 2804 worth today?

Last sold for AED 1,150,000 in 2018

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12 Apr 2018SoldReady
AED 1,150,000AED 748 per sqft
26 Sep 2016Sold by developerOff-plan
AED 1,349,000AED 877 per sqft

Source: Dubai Land Department. Updated 12 April 2018.

Key facts

Type
2-bed apartment
Size
1,537 sqft
Floor
28th of 36
Parking
P2-84
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 21,800 /yr
Last sold
AED 1.15M · April 2018
Building
Reef Residence

About 2804, Reef Residence

2804 is a two-bedroom apartment of 1,537 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. It last sold on 12 April 2018 for AED 1,150,000, or AED 748 per sqft, 15% below the AED 876 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2804 over time

Sales
Unit 2804, each saleTypical two-bed in Reef Residence
1M1.25M1.5M20152018202120242027Typical sale price by year: 2015 AED 1,242,995; 2016 AED 1,206,534; 2017 AED 1,324,880; 2018 AED 1,250,000; 2022 AED 1,000,000; 2023 AED 1,250,000; 2024 AED 1,350,000; 2026 AED 1,450,000Sold by developer, September 2016: AED 1,349,000 (AED 877 per sqft)Sold, April 2018: AED 1,150,000 (AED 748 per sqft)

2804 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2804, each contractTypical two-bed in Reef Residence
75K100K125K2018202120242027Typical rent by year: 2018 AED 95,000; 2019 AED 88,000; 2020 AED 71,000; 2021 AED 70,000; 2022 AED 77,000; 2023 AED 86,512; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 120,000

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Reef Residence, and where 2804 sits

All 65 2-beds →

2804 last sold in April 2018 at AED 748 per sqft, 15% below what two-beds in Reef Residence were fetching at the time (AED 876). Over the last 12 months two-beds sold for AED 1,200,000 to 2,000,000, around AED 943 per sqft, and rent for AED 96,801 to 165,000 a year.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Sep 20261,635,000
23 Jul 20261,580,000
2 Jun 20261,450,000
1 Jun 20262,000,000
7 2-bed sales in the last 12 months

Reef Residence

Building

378 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%
Reef Residence, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 28th floor

All 378 units in Reef Residence
Value
2801StudioAED 519K · Aug 2015
2802StudioAED 529K · Sep 2015
28031-bedAED 758K · Aug 2015
28051-bedAED 855K · May 2024
2806StudioAED 462K · Aug 2015
2807StudioAED 473K · Aug 2015
2808StudioAED 535K · Jan 2025
1–7 of 11

2804, Reef Residence in numbers

  • Sold twice: first on 26 September 2016 for AED 1,349,000, last on 12 April 2018 for AED 1,150,000 (AED 748 per sqft).
  • Two-beds in Reef Residence sold for AED 1,200,000–2,000,000 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 12 April 2018.

Questions about 2804, Reef Residence

What did unit 2804 last sell for?

AED 1,150,000 on 12 April 2018: AED 748 per sqft for 1,537 sqft. The unit has 2 registered sales; the first was AED 1,349,000 in September 2016.

How big is unit 2804?

1,537 sqft (142.8 sqm): a two-bedroom apartment on the 28th floor of a 36-storey tower completed in 2017.

What is unit 2804 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Reef Residence sold for AED 1,200,000 to 2,000,000 in the last 12 months, around AED 943 per sqft.

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Mortgage on 2804, Reef Residence

Starts from the last sale price (AED 1.15M, 12 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,150,000
Deposit, UAE resident (20%)
AED 230,000
Deposit, non-resident (40%)
AED 460,000
Monthly over 25 years at 3.7%
AED 4,705

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →