3312, Reef Residence
Sold prices and rental history: sold twice, last in December 2023, 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 3312, Reef Residence
What is 3312 worth today?
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Source: Dubai Land Department. Updated 20 February 2025.
Key facts
- Type
- Studio apartment
- Size
- 515 sqft
- Floor
- 33rd of 36
- Parking
- B1-39
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 400K · December 2023
- Building
- Reef Residence
About 3312, Reef Residence
3312 is a studio of 515 sqft on the 33rd 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 1 December 2023 for AED 400,000, or AED 776 per sqft, in line with the AED 775 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, signed on 20 February 2025, is AED 47,000 a year: a gross yield of 11.8% on the 2023 price, before the service charge of about AED 7,300 a year.
Sales and rents for 3312 over time
3312 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 3312 sits
All 186 studios →3312 last sold in December 2023 at AED 776 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 775). 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. 3312's AED 47,000 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 33rd floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3301 | Studio | 520 sqft | AED 565KAED 565,000 · Jan 2025January 2025 | 45,000 /yr | |
| 3302 | Studio | 529 sqft | AED 569KAED 568,675 · Apr 2017April 2017 | 43,000 /yr | |
| 3303 | 1-bed | 886 sqft | AED 872KAED 872,190 · May 2017May 2017 | 48,400 /yr | |
| 3304 | 2-bed | 1,537 sqft | AED 1.06MAED 1,060,000 · Jun 2023June 2023 | 130,000 /yr | |
| 3305 | 1-bed | 925 sqft | AED 825KAED 825,000 · Aug 2018August 2018 | 40,000 /yr | |
| 3306 | Studio | 503 sqft | AED 550KAED 549,690 · Mar 2017March 2017 | 50,000 /yr | |
| 3307 | Studio | 514 sqft | AED 560KAED 559,746 · Mar 2017March 2017 | 41,000 /yr | |
| 3308 | Studio | 467 sqft | AED 540KAED 540,000 · May 2026May 2026 | 37,800 /yr | |
| 3309 | 1-bed | 826 sqft | AED 840KAED 840,000 · Mar 2018March 2018 | 60,000 /yr | |
| 3310 | 2-bed | 1,481 sqft | AED 1.35MAED 1,350,000 · Dec 2023December 2023 | ||
| 3311 | 1-bed | 798 sqft | AED 834KAED 833,679 · May 2017May 2017 | 47,000 /yr |
3312, Reef Residence in numbers
- Sold twice: first on 23 February 2017 for AED 553,625, last on 1 December 2023 for AED 400,000 (AED 776 per sqft).
- Rented since June 2018 on 9 Ejari contracts. The rent fell from AED 40,000 to AED 28,000 in 2021 and recovered to AED 47,000 by February 2025.
- At AED 47,000 a year the gross yield on the 2023 price is 11.8%, 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 20 February 2025.
Questions about 3312, Reef Residence
What did unit 3312 last sell for?
AED 400,000 on 1 December 2023: AED 776 per sqft for 515 sqft. The unit has 2 registered sales; the first was AED 553,625 in February 2017.
What is the rent for unit 3312?
AED 47,000 a year on the contract signed on 20 February 2025. The previous contract, from January 2024, was AED 39,000; the unit has been rented since June 2018.
How big is unit 3312?
515 sqft (47.8 sqm): a studio on the 33rd floor of a 36-storey tower completed in 2017.
What is unit 3312 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 3312, Reef Residence
Starts from the last sale price (AED 400K, 1 December 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 400,000
- Deposit, UAE resident (20%)
- AED 80,000
- Deposit, non-resident (40%)
- AED 160,000
- Monthly over 25 years at 3.7%
- AED 1,637
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →