2906, Reef Residence
Sold prices and rental history: sold twice, last in March 2023, 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 2906, Reef Residence
What is 2906 worth today?
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Source: Dubai Land Department. Updated 22 May 2024.
Key facts
- Type
- Studio apartment
- Size
- 503 sqft
- Floor
- 29th of 36
- Parking
- P1-46
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,100 /yr
- Last sold
- AED 370K · March 2023
- Building
- Reef Residence
About 2906, Reef Residence
2906 is a studio of 503 sqft on the 29th 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 15 March 2023 for AED 370,000, or AED 736 per sqft, in line with the AED 741 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 22 May 2024, is AED 42,000 a year: a gross yield of 11.3% on the 2023 price, before the service charge of about AED 7,100 a year.
Sales and rents for 2906 over time
2906 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 2906 sits
All 186 studios →2906 last sold in March 2023 at AED 736 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 741). 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. 2906's AED 42,000 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 29th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2901 | Studio | 520 sqft | AED 390KAED 390,000 · Jun 2023June 2023 | 52,500 /yr | |
| 2902 | Studio | 529 sqft | AED 410KAED 410,000 · Nov 2023November 2023 | 70,000 /yr | |
| 2903 | 1-bed | 886 sqft | AED 723KAED 723,125 · May 2015May 2015 | 60,000 /yr | |
| 2904 | 2-bed | 1,387 sqft | AED 1.3MAED 1,298,323 · May 2015May 2015 | 105,000 /yr | |
| 2905 | 1-bed | 835 sqft | AED 733KAED 732,878 · May 2015May 2015 | 49,933 /yr | |
| 2907 | Studio | 464 sqft | AED 452KAED 452,068 · May 2015May 2015 | 50,000 /yr | |
| 2908 | Studio | 377 sqft | AED 425KAED 425,349 · May 2015May 2015 | 40,000 /yr | |
| 2909 | 1-bed | 745 sqft | AED 695KAED 695,200 · May 2015May 2015 | 55,000 /yr | |
| 2910 | 2-bed | 1,481 sqft | AED 2MAED 2,000,000 · Jun 2026June 2026 | 165,000 /yr | |
| 2911 | 1-bed | 720 sqft | AED 705KAED 705,367 · May 2015May 2015 | 60,000 /yr | |
| 2912 | Studio | 465 sqft | AED 478KAED 478,144 · May 2015May 2015 | 45,000 /yr |
2906, Reef Residence in numbers
- Sold twice: first on 19 May 2015 for AED 441,514, last on 15 March 2023 for AED 370,000 (AED 736 per sqft).
- Rented since January 2018 on 5 Ejari contracts. The rent fell from AED 45,000 to AED 24,000 in 2021 and recovered to AED 42,000 by May 2024.
- At AED 42,000 a year the gross yield on the 2023 price is 11.3%, 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 22 May 2024.
Questions about 2906, Reef Residence
What did unit 2906 last sell for?
AED 370,000 on 15 March 2023: AED 736 per sqft for 503 sqft. The unit has 2 registered sales; the first was AED 441,514 in May 2015.
What is the rent for unit 2906?
AED 42,000 a year on the contract signed on 22 May 2024. The previous contract, from May 2023, was AED 32,000; the unit has been rented since January 2018.
How big is unit 2906?
503 sqft (46.7 sqm): a studio on the 29th floor of a 36-storey tower completed in 2017.
What is unit 2906 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 2906, Reef Residence
Starts from the last sale price (AED 370K, 15 March 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 370,000
- Deposit, UAE resident (20%)
- AED 74,000
- Deposit, non-resident (40%)
- AED 148,000
- Monthly over 25 years at 3.7%
- AED 1,514
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →