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1-bed · 925 sqftReef Residence, Jumeirah Village Circle (JVC) · 35th floor · completed 2017

3505, Reef Residence

Sold prices and rental history: sold once, by the developer in March 2018, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3505 · DLD and Ejari recordsUpdated 26 August 2020
Last soldAED 405K28 March 2018
Current rentAED 10K /yr26 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 3505, Reef Residence

What is 3505 worth today?

Last sold for AED 404,500 in 2018

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26 Aug 2020RentedNew contract · flagged as an outlier
AED 10,000/yr60 months · AED 11 per sqft
11 Apr 2019RentedRenewal
AED 60,000/yr12 months · AED 65 per sqft
11 Apr 2018RentedNew contract
AED 60,000/yr12 months · AED 65 per sqft
28 Mar 2018Sold by developerReady
AED 404,500AED 437 per sqft

Source: Dubai Land Department. Updated 26 August 2020.

Key facts

Type
1-bed apartment
Size
925 sqft
Floor
35th of 36
Parking
B1-74
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 13,100 /yr
Last sold
AED 405K · March 2018
Building
Reef Residence

About 3505, Reef Residence

3505 is a one-bedroom apartment of 925 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. The developer sold it on 28 March 2018 for AED 404,500, or AED 437 per sqft, 55% below the AED 970 one-beds in the building were fetching at the time.

It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 26 August 2020, is AED 10,000 a year: a gross yield of 2.5% on the 2018 price, before the service charge of about AED 13,100 a year.

Sales and rents for 3505 over time

Sales
Unit 3505, each saleTypical one-bed in Reef Residence
500K750K20152018202120242027Typical 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, March 2018: AED 404,500 (AED 437 per sqft)

3505 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 3505, 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, April 2018: AED 60,000 a yearRenewal, April 2019: AED 60,000 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 3505 sits

All 127 1-beds →

3505 last sold in March 2018 at AED 437 per sqft, 55% below what one-beds in Reef Residence were fetching at the time (AED 970). 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. 3505's AED 10,000 is at the bottom 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 52K /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
35031-bedAED 780K · Sep 2023
35042-bedAED 1.3M · Aug 2018
3506StudioAED 292K · Oct 2017
3507StudioAED 557K · Apr 2018
3508StudioAED 554K · Apr 2018
1–7 of 11

3505, Reef Residence in numbers

  • Sold once: by Sama Alkhaleej Real Estate Development Co on 28 March 2018 for AED 404,500, or AED 437 per sqft.
  • Rented since April 2018 on 3 Ejari contracts, from AED 60,000 to AED 10,000 a year.
  • At AED 10,000 a year the gross yield on the 2018 price is 2.5%, before a service charge of about AED 13,100 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 26 August 2020.

Questions about 3505, Reef Residence

What did unit 3505 last sell for?

AED 404,500 on 28 March 2018, sold by the developer: AED 437 per sqft for 925 sqft. It is the only registered sale of the unit.

What is the rent for unit 3505?

AED 10,000 a year on the contract signed on 26 August 2020. The previous contract, from April 2019, was AED 60,000; the unit has been rented since April 2018.

How big is unit 3505?

925 sqft (85.9 sqm): a one-bedroom apartment on the 35th floor of a 36-storey tower completed in 2017.

What is unit 3505 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 3505, Reef Residence

Starts from the last sale price (AED 405K, 28 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 404,500
Deposit, UAE resident (20%)
AED 80,900
Deposit, non-resident (40%)
AED 161,800
Monthly over 25 years at 3.7%
AED 1,655

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