3402, Reef Residence
Sold prices and rental history: sold once, by the developer in July 2017, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3402, Reef Residence
What is 3402 worth today?
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Source: Dubai Land Department. Updated 15 February 2026.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 34th of 36
- Parking
- B1-25
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 575K · July 2017
- Building
- Reef Residence
About 3402, Reef Residence
3402 is a studio of 529 sqft on the 34th 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 13 July 2017 for AED 575,000, or AED 1,087 per sqft, in line with the AED 1,062 studios in the building were fetching at the time.
It has been rented continuously since 2022 on 6 Ejari contracts. The current contract, signed on 15 February 2026, is AED 55,834 a year: a gross yield of 9.7% on the 2017 price, before the service charge of about AED 7,500 a year.
Sales and rents for 3402 over time
3402 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 3402 sits
All 186 studios →3402 last sold in July 2017 at AED 1,087 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 1,062). 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. 3402's AED 55,834 is in the upper 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 34th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3401 | Studio | 520 sqft | AED 571KAED 570,504 · May 2017May 2017 | 45,000 /yr | |
| 3403 | 1-bed | 886 sqft | AED 881KAED 880,912 · May 2017May 2017 | 43,542 /yr | |
| 3404 | 2-bed | 1,537 sqft | AED 1.65MAED 1,650,000 · Jun 2025June 2025 | 122,000 /yr | |
| 3405 | 1-bed | 925 sqft | AED 700KAED 700,000 · Nov 2023November 2023 | 70,000 /yr | |
| 3406 | Studio | 503 sqft | AED 515KAED 515,000 · Sep 2026September 2026 | 37,000 /yr | |
| 3407 | Studio | 514 sqft | AED 535KAED 535,000 · May 2026May 2026 | 40,000 /yr | |
| 3408 | Studio | 467 sqft | AED 568KAED 567,729 · May 2017May 2017 | 40,425 /yr | |
| 3409 | 1-bed | 826 sqft | AED 630KAED 630,000 · Dec 2018December 2018 | 82,000 /yr | |
| 3410 | 2-bed | 1,481 sqft | AED 1.38MAED 1,375,000 · May 2026May 2026 | ||
| 3411 | 1-bed | 798 sqft | AED 810KAED 810,000 · Aug 2018August 2018 | 70,000 /yr | |
| 3412 | Studio | 515 sqft | AED 570KAED 570,234 · Apr 2017April 2017 | 40,890 /yr |
3402, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 13 July 2017 for AED 575,000, or AED 1,087 per sqft.
- Rented since December 2022 on 6 Ejari contracts, from AED 50,000 to AED 55,834 a year.
- At AED 55,834 a year the gross yield on the 2017 price is 9.7%, 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 15 February 2026.
Questions about 3402, Reef Residence
What did unit 3402 last sell for?
AED 575,000 on 13 July 2017, sold by the developer: AED 1,087 per sqft for 529 sqft. It is the only registered sale of the unit.
What is the rent for unit 3402?
AED 55,834 a year on the contract signed on 15 February 2026. The previous contract, from February 2025, was AED 56,000; the unit has been rented since December 2022.
How big is unit 3402?
529 sqft (49.1 sqm): a studio on the 34th floor of a 36-storey tower completed in 2017.
What is unit 3402 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 3402, Reef Residence
Starts from the last sale price (AED 575K, 13 July 2017). Switch to today's estimate once you have unlocked it.- Price
- AED 575,000
- Deposit, UAE resident (20%)
- AED 115,000
- Deposit, non-resident (40%)
- AED 230,000
- Monthly over 25 years at 3.7%
- AED 2,353
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →