3011, Reef Residence
Sold prices and rental history: sold once, by the developer in May 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 3011, Reef Residence
What is 3011 worth today?
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Source: Dubai Land Department. Updated 1 February 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 798 sqft
- Floor
- 30th of 36
- Parking
- B1-56
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 11,300 /yr
- Last sold
- AED 713K · May 2015
- Building
- Reef Residence
About 3011, Reef Residence
3011 is a one-bedroom apartment of 798 sqft on the 30th 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 21 May 2015 for AED 712,986, or AED 893 per sqft, 8% above the AED 825 one-beds in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 February 2023, is AED 50,000 a year: a gross yield of 7.0% on the 2015 price, before the service charge of about AED 11,300 a year.
Sales and rents for 3011 over time
3011 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 3011 sits
All 127 1-beds →3011 last sold in May 2015 at AED 893 per sqft, 8% above what one-beds in Reef Residence were fetching at the time (AED 825). 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. 3011's AED 50,000 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 30th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3001 | Studio | 469 sqft | AED 487KAED 486,788 · May 2015May 2015 | 40,000 /yr | |
| 3002 | Studio | 529 sqft | AED 496KAED 496,168 · May 2015May 2015 | 33,000 /yr | |
| 3003 | 1-bed | 886 sqft | AED 731KAED 731,494 · May 2015May 2015 | 57,000 /yr | |
| 3004 | 2-bed | 1,387 sqft | AED 1.31MAED 1,312,915 · May 2015May 2015 | 110,000 /yr | |
| 3005 | 1-bed | 925 sqft | AED 742KAED 741,675 · May 2015May 2015 | 66,000 /yr | |
| 3006 | Studio | 454 sqft | AED 446KAED 446,283 · May 2015May 2015 | 40,000 /yr | |
| 3007 | Studio | 464 sqft | AED 457KAED 456,951 · May 2015May 2015 | 42,000 /yr | |
| 3008 | Studio | 467 sqft | AED 430KAED 429,795 · May 2015May 2015 | 40,000 /yr | |
| 3009 | 1-bed | 745 sqft | AED 703KAED 703,151 · May 2015May 2015 | 63,000 /yr | |
| 3010 | 2-bed | 1,337 sqft | AED 1.23MAED 1,234,925 · May 2015May 2015 | 110,000 /yr | |
| 3012 | Studio | 515 sqft | AED 483KAED 483,037 · May 2015May 2015 | 35,500 /yr |
3011, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 21 May 2015 for AED 712,986, or AED 893 per sqft.
- Rented since May 2018 on 3 Ejari contracts, from AED 63,000 to AED 50,000 a year.
- At AED 50,000 a year the gross yield on the 2015 price is 7.0%, before a service charge of about AED 11,300 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 1 February 2023.
Questions about 3011, Reef Residence
What did unit 3011 last sell for?
AED 712,986 on 21 May 2015, sold by the developer: AED 893 per sqft for 798 sqft. It is the only registered sale of the unit.
What is the rent for unit 3011?
AED 50,000 a year on the contract signed on 1 February 2023. The previous contract, from May 2019, was AED 60,000; the unit has been rented since May 2018.
How big is unit 3011?
798 sqft (74.1 sqm): a one-bedroom apartment on the 30th floor of a 36-storey tower completed in 2017.
What is unit 3011 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 3011, Reef Residence
Starts from the last sale price (AED 713K, 21 May 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 712,986
- Deposit, UAE resident (20%)
- AED 142,597
- Deposit, non-resident (40%)
- AED 285,194
- Monthly over 25 years at 3.7%
- AED 2,917
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →