2908, Reef Residence
Sold prices and rental history: sold once, by the developer in May 2015, 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 2908, Reef Residence
What is 2908 worth today?
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Source: Dubai Land Department. Updated 1 December 2024.
Key facts
- Type
- Studio apartment
- Size
- 377 sqft
- Floor
- 29th of 36
- Parking
- P1-32
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 5,300 /yr
- Last sold
- AED 425K · May 2015
- Building
- Reef Residence
About 2908, Reef Residence
2908 is a studio of 377 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. The developer sold it on 19 May 2015 for AED 425,349, or AED 910 per sqft, in line with the AED 910 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 1 December 2024, is AED 40,000 a year: a gross yield of 9.4% on the 2015 price, before the service charge of about AED 5,300 a year.
Sales and rents for 2908 over time
2908 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 2908 sits
All 186 studios →2908 last sold in May 2015 at AED 910 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 910). 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. 2908's AED 40,000 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 | |
| 2906 | Studio | 503 sqft | AED 370KAED 370,000 · Mar 2023March 2023 | 42,000 /yr | |
| 2907 | Studio | 464 sqft | AED 452KAED 452,068 · May 2015May 2015 | 50,000 /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 |
2908, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 19 May 2015 for AED 425,349, or AED 910 per sqft.
- Rented since March 2018 on 5 Ejari contracts. The rent fell from AED 43,000 to AED 25,000 in 2021 and recovered to AED 40,000 by December 2024.
- At AED 40,000 a year the gross yield on the 2015 price is 9.4%, before a service charge of about AED 5,300 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 1 December 2024.
Questions about 2908, Reef Residence
What did unit 2908 last sell for?
AED 425,349 on 19 May 2015, sold by the developer: AED 910 per sqft for 377 sqft. It is the only registered sale of the unit.
What is the rent for unit 2908?
AED 40,000 a year on the contract renewed on 1 December 2024. The previous contract, from December 2023, was AED 36,000; the unit has been rented since March 2018.
How big is unit 2908?
377 sqft (35.0 sqm): a studio on the 29th floor of a 36-storey tower completed in 2017.
What is unit 2908 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 2908, Reef Residence
Starts from the last sale price (AED 425K, 19 May 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 425,349
- Deposit, UAE resident (20%)
- AED 85,070
- Deposit, non-resident (40%)
- AED 170,140
- Monthly over 25 years at 3.7%
- AED 1,740
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →