3012, 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 3012, Reef Residence
What is 3012 worth today?
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Source: Dubai Land Department. Updated 16 May 2023.
Key facts
- Type
- Studio apartment
- Size
- 515 sqft
- Floor
- 30th of 36
- Parking
- B1-51
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 483K · May 2015
- Building
- Reef Residence
About 3012, Reef Residence
3012 is a studio of 515 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 483,037, or AED 938 per sqft, 3% above the AED 910 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 16 May 2023, is AED 35,500 a year: a gross yield of 7.3% on the 2015 price, before the service charge of about AED 7,300 a year.
Sales and rents for 3012 over time
3012 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 3012 sits
All 186 studios →3012 last sold in May 2015 at AED 938 per sqft, 3% above 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. 3012's AED 35,500 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 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 | |
| 3011 | 1-bed | 798 sqft | AED 713KAED 712,986 · May 2015May 2015 | 50,000 /yr |
3012, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 21 May 2015 for AED 483,037, or AED 938 per sqft.
- Rented since March 2018 on 6 Ejari contracts. The rent fell from AED 43,000 to AED 28,000 in 2022 and recovered to AED 35,500 by May 2023.
- At AED 35,500 a year the gross yield on the 2015 price is 7.3%, before a service charge of about AED 7,300 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 16 May 2023.
Questions about 3012, Reef Residence
What did unit 3012 last sell for?
AED 483,037 on 21 May 2015, sold by the developer: AED 938 per sqft for 515 sqft. It is the only registered sale of the unit.
What is the rent for unit 3012?
AED 35,500 a year on the contract signed on 16 May 2023. The previous contract, from May 2022, was AED 28,000; the unit has been rented since March 2018.
How big is unit 3012?
515 sqft (47.8 sqm): a studio on the 30th floor of a 36-storey tower completed in 2017.
What is unit 3012 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 3012, Reef Residence
Starts from the last sale price (AED 483K, 21 May 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 483,037
- Deposit, UAE resident (20%)
- AED 96,607
- Deposit, non-resident (40%)
- AED 193,215
- Monthly over 25 years at 3.7%
- AED 1,976
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →