3202, Reef Residence
Sold prices and rental history: sold twice, last in October 2024, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3202, Reef Residence
What is 3202 worth today?
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Source: Dubai Land Department. Updated 25 October 2024.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 32nd of 36
- Parking
- B1-19
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 570K · October 2024
- Building
- Reef Residence
About 3202, Reef Residence
3202 is a studio of 529 sqft on the 32nd floor of Reef Residence, a 36-storey tower in Jumeirah Village Circle (JVC) completed in 2017 by Sama Alkhaleej Real Estate Development Co. It last sold on 25 October 2024 for AED 570,000, or AED 1,078 per sqft, 7% above the AED 1,012 studios in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 1 March 2021, is AED 24,000 a year: a gross yield of 4.2% on the 2024 price, before the service charge of about AED 7,500 a year.
Sales and rents for 3202 over time
3202 has sold twice; 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 3202 sits
All 186 studios →3202 last sold in October 2024 at AED 1,078 per sqft, 7% above what studios in Reef Residence were fetching at the time (AED 1,012). 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. 3202's AED 24,000 is at the bottom 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 32nd floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3201 | Studio | 520 sqft | AED 470KAED 470,000 · Jun 2018June 2018 | 48,000 /yr | |
| 3203 | 1-bed | 886 sqft | AED 840KAED 840,000 · Sep 2026September 2026 | 65,000 /yr | |
| 3204 | 2-bed | 1,537 sqft | AED 1.36MAED 1,357,056 · Sep 2017September 2017 | ||
| 3205 | 1-bed | 925 sqft | AED 850KAED 850,000 · Jun 2017June 2017 | 48,000 /yr | |
| 3206 | Studio | 503 sqft | AED 540KAED 539,650 · Jan 2017January 2017 | 43,000 /yr | |
| 3207 | Studio | 514 sqft | AED 370KAED 370,000 · Sep 2022September 2022 | ||
| 3208 | Studio | 467 sqft | AED 380KAED 380,000 · Sep 2022September 2022 | 42,000 /yr | |
| 3209 | 1-bed | 826 sqft | AED 625KAED 625,000 · Oct 2018October 2018 | 70,000 /yr | |
| 3210 | 2-bed | 1,481 sqft | AED 1.37MAED 1,367,100 · Aug 2017August 2017 | 110,000 /yr | |
| 3211 | 1-bed | 798 sqft | AED 826KAED 825,739 · May 2017May 2017 | 58,000 /yr | |
| 3212 | Studio | 515 sqft | AED 468KAED 467,500 · Apr 2018April 2018 | 33,000 /yr |
3202, Reef Residence in numbers
- Sold twice: first on 20 December 2016 for AED 563,385, last on 25 October 2024 for AED 570,000 (AED 1,078 per sqft).
- Rented since June 2018 on 3 Ejari contracts, from AED 43,000 to AED 24,000 a year.
- At AED 24,000 a year the gross yield on the 2024 price is 4.2%, before a service charge of about AED 7,500 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 25 October 2024.
Questions about 3202, Reef Residence
What did unit 3202 last sell for?
AED 570,000 on 25 October 2024: AED 1,078 per sqft for 529 sqft. The unit has 2 registered sales; the first was AED 563,385 in December 2016.
What is the rent for unit 3202?
AED 24,000 a year on the contract signed on 1 March 2021. The previous contract, from June 2019, was AED 40,000; the unit has been rented since June 2018.
How big is unit 3202?
529 sqft (49.1 sqm): a studio on the 32nd floor of a 36-storey tower completed in 2017.
What is unit 3202 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 3202, Reef Residence
Starts from the last sale price (AED 570K, 25 October 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 570,000
- Deposit, UAE resident (20%)
- AED 114,000
- Deposit, non-resident (40%)
- AED 228,000
- Monthly over 25 years at 3.7%
- AED 2,332
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →