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1-bed · 886 sqftReef Residence, Jumeirah Village Circle (JVC) · 35th floor · completed 2017

3503, Reef Residence

Sold prices and rental history: sold twice, last in September 2023, and rented once, from February 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3503 · DLD and Ejari recordsUpdated 19 September 2023
Last soldAED 780K19 September 2023
Current rentAED 56K /yr8 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3503, Reef Residence

What is 3503 worth today?

Last sold for AED 780,000 in 2023

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19 Sep 2023SoldReady
AED 780,000AED 880 per sqft
8 Feb 2023RentedNew contract
AED 56,000/yr12 months · AED 63 per sqft
6 Dec 2017Sold by developerOff-plan
AED 876,241AED 989 per sqft

Source: Dubai Land Department. Updated 19 September 2023.

Key facts

Type
1-bed apartment
Size
886 sqft
Floor
35th of 36
Parking
B1-73
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 12,600 /yr
Last sold
AED 780K · September 2023
Building
Reef Residence

About 3503, Reef Residence

3503 is a one-bedroom apartment of 886 sqft on the 35th 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 19 September 2023 for AED 780,000, or AED 880 per sqft, 17% above the AED 753 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 8 February 2023. The current contract, signed on 8 February 2023, is AED 56,000 a year: a gross yield of 7.2% on the 2023 price, before the service charge of about AED 12,600 a year.

Sales and rents for 3503 over time

Sales
Unit 3503, each saleTypical one-bed in Reef Residence
400K600K800K20152018202120242027Typical sale price by year: 2015 AED 727,858; 2016 AED 697,394; 2017 AED 837,517; 2018 AED 687,500; 2019 AED 675,000; 2020 AED 466,500; 2021 AED 500,000; 2022 AED 580,000; 2023 AED 700,000; 2024 AED 802,500; 2025 AED 850,000; 2026 AED 880,000Sold by developer, December 2017: AED 876,241 (AED 989 per sqft)Sold, September 2023: AED 780,000 (AED 880 per sqft)

3503 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3503, each contractTypical one-bed in Reef Residence
40K60K2018202120242027Typical rent by year: 2018 AED 60,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 45,000; 2023 AED 50,000; 2024 AED 67,818; 2025 AED 70,000; 2026 AED 70,000New contract, February 2023: AED 56,000 a year

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 3503 sits

All 127 1-beds →

3503 last sold in September 2023 at AED 880 per sqft, 17% above what one-beds in Reef Residence were fetching at the time (AED 753). 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. 3503's AED 56,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Sep 2026840,000
16 Jul 202626,488
8 Jul 2026995,000
15 May 2026810,000
8 1-bed sales in the last 12 months

Reef Residence

Building

378 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%
Reef Residence, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 35th floor

All 378 units in Reef Residence
Value
3501StudioAED 558K · Apr 2018
3502StudioAED 562K · Apr 2018
35042-bedAED 1.3M · Aug 2018
35051-bedAED 405K · Mar 2018
3506StudioAED 292K · Oct 2017
3507StudioAED 557K · Apr 2018
3508StudioAED 554K · Apr 2018
1–7 of 11

3503, Reef Residence in numbers

  • Sold twice: first on 6 December 2017 for AED 876,241, last on 19 September 2023 for AED 780,000 (AED 880 per sqft).
  • Rented since February 2023 on one Ejari contract, at AED 56,000 a year.
  • At AED 56,000 a year the gross yield on the 2023 price is 7.2%, 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 19 September 2023.

Questions about 3503, Reef Residence

What did unit 3503 last sell for?

AED 780,000 on 19 September 2023: AED 880 per sqft for 886 sqft. The unit has 2 registered sales; the first was AED 876,241 in December 2017.

What is the rent for unit 3503?

AED 56,000 a year on the contract signed on 8 February 2023.

How big is unit 3503?

886 sqft (82.3 sqm): a one-bedroom apartment on the 35th floor of a 36-storey tower completed in 2017.

What is unit 3503 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 3503, Reef Residence

Starts from the last sale price (AED 780K, 19 September 2023). Switch to today's estimate once you have unlocked it.
Price
AED 780,000
Deposit, UAE resident (20%)
AED 156,000
Deposit, non-resident (40%)
AED 312,000
Monthly over 25 years at 3.7%
AED 3,191

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →