2909, 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 2909, Reef Residence
What is 2909 worth today?
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Source: Dubai Land Department. Updated 10 July 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 745 sqft
- Floor
- 29th of 36
- Parking
- P1-71
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 10,600 /yr
- Last sold
- AED 695K · May 2015
- Building
- Reef Residence
About 2909, Reef Residence
2909 is a one-bedroom apartment of 745 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 695,200, or AED 842 per sqft, 3% above the AED 816 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 10 July 2024, is AED 55,000 a year: a gross yield of 7.9% on the 2015 price, before the service charge of about AED 10,600 a year.
Sales and rents for 2909 over time
2909 has sold once; the dashed line is the one-bed median of each year in the building.
Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.
1-beds in Reef Residence, and where 2909 sits
All 127 1-beds →2909 last sold in May 2015 at AED 842 per sqft, 3% above what one-beds in Reef Residence were fetching at the time (AED 816). Over the last 12 months one-beds sold for AED 810,000 to 995,000, around AED 993 per sqft, and rent for AED 40,000 to 82,500 a year. 2909's AED 55,000 is in the lower half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Sep 20268 September 2026 | 886 sqft | 840,000 | 948 | ||
| 16 Jul 202616 July 2026 | 886 sqft | 26,488 | 29 | ||
| 8 Jul 20268 July 2026 | 826 sqft | 995,000 | 1,205 | ||
| 15 May 202615 May 2026 | 798 sqft | 810,000 | 1,015 |
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 | |
| 2908 | Studio | 377 sqft | AED 425KAED 425,349 · May 2015May 2015 | 40,000 /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 |
2909, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 19 May 2015 for AED 695,200, or AED 842 per sqft.
- Rented since June 2018 on 7 Ejari contracts. The rent fell from AED 60,000 to AED 43,000 in 2022 and recovered to AED 55,000 by July 2024.
- At AED 55,000 a year the gross yield on the 2015 price is 7.9%, before a service charge of about AED 10,600 a year (AED 14.20 per sqft).
- One-beds in Reef Residence sold for AED 810,000–995,000 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 10 July 2024.
Questions about 2909, Reef Residence
What did unit 2909 last sell for?
AED 695,200 on 19 May 2015, sold by the developer: AED 842 per sqft for 745 sqft. It is the only registered sale of the unit.
What is the rent for unit 2909?
AED 55,000 a year on the contract renewed on 10 July 2024. The previous contract, from July 2023, was AED 50,000; the unit has been rented since June 2018.
How big is unit 2909?
745 sqft (69.2 sqm): a one-bedroom apartment on the 29th floor of a 36-storey tower completed in 2017.
What is unit 2909 worth today?
The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reef Residence sold for AED 810,000 to 995,000 in the last 12 months, around AED 993 per sqft.
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Mortgage on 2909, Reef Residence
Starts from the last sale price (AED 695K, 19 May 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 695,200
- Deposit, UAE resident (20%)
- AED 139,040
- Deposit, non-resident (40%)
- AED 278,080
- Monthly over 25 years at 3.7%
- AED 2,844
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →