3103, Reef Residence
Sold prices and rental history: sold once, by the developer in May 2017, 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 3103, Reef Residence
What is 3103 worth today?
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Source: Dubai Land Department. Updated 10 April 2022.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 31st of 36
- Parking
- B1-57
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 829K · May 2017
- Building
- Reef Residence
About 3103, Reef Residence
3103 is a one-bedroom apartment of 886 sqft on the 31st 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 2017 for AED 829,021, or AED 935 per sqft, 5% above the AED 887 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 10 April 2022, is AED 50,000 a year: a gross yield of 6.0% on the 2017 price, before the service charge of about AED 12,600 a year.
Sales and rents for 3103 over time
3103 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 3103 sits
All 127 1-beds →3103 last sold in May 2017 at AED 935 per sqft, 5% above what one-beds in Reef Residence were fetching at the time (AED 887). 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. 3103'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 31st floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3101 | Studio | 520 sqft | AED 550KAED 550,140 · Apr 2017April 2017 | 48,000 /yr | |
| 3102 | Studio | 529 sqft | AED 550KAED 550,000 · Feb 2025February 2025 | 48,000 /yr | |
| 3104 | 2-bed | 1,537 sqft | AED 1.4MAED 1,400,000 · Jul 2017July 2017 | ||
| 3105 | 1-bed | 925 sqft | AED 225KAED 225,000 · Sep 2020September 2020 | 62,000 /yr | |
| 3106 | Studio | 503 sqft | AED 537KAED 537,140 · Feb 2017February 2017 | 42,000 /yr | |
| 3107 | Studio | 514 sqft | AED 570KAED 570,000 · Jul 2025July 2025 | 52,500 /yr | |
| 3108 | Studio | 467 sqft | AED 475KAED 475,000 · Aug 2023August 2023 | 40,000 /yr | |
| 3109 | 1-bed | 826 sqft | AED 838KAED 838,000 · Jun 2025June 2025 | ||
| 3110 | 2-bed | 1,481 sqft | AED 1.3MAED 1,298,745 · Dec 2017December 2017 | ||
| 3111 | 1-bed | 798 sqft | AED 778KAED 778,100 · Sep 2016September 2016 | 55,650 /yr | |
| 3112 | Studio | 515 sqft | AED 546KAED 545,900 · Mar 2017March 2017 | 52,000 /yr |
3103, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 21 May 2017 for AED 829,021, or AED 935 per sqft.
- Rented since June 2018 on 5 Ejari contracts. The rent fell from AED 60,000 to AED 39,000 in 2021 and recovered to AED 50,000 by April 2022.
- At AED 50,000 a year the gross yield on the 2017 price is 6.0%, before a service charge of about AED 12,600 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 April 2022.
Questions about 3103, Reef Residence
What did unit 3103 last sell for?
AED 829,021 on 21 May 2017, sold by the developer: AED 935 per sqft for 886 sqft. It is the only registered sale of the unit.
What is the rent for unit 3103?
AED 50,000 a year on the contract signed on 10 April 2022. The previous contract, from March 2021, was AED 39,000; the unit has been rented since June 2018.
How big is unit 3103?
886 sqft (82.3 sqm): a one-bedroom apartment on the 31st floor of a 36-storey tower completed in 2017.
What is unit 3103 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 3103, Reef Residence
Starts from the last sale price (AED 829K, 21 May 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 829,021
- Deposit, UAE resident (20%)
- AED 165,804
- Deposit, non-resident (40%)
- AED 331,608
- Monthly over 25 years at 3.7%
- AED 3,392
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →