3608, Reef Residence
Sold prices and rental history: sold once, by the developer in April 2018, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 3608, Reef Residence
What is 3608 worth today?
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Source: Dubai Land Department. Updated 3 December 2022.
Key facts
- Type
- Studio apartment
- Size
- 467 sqft
- Floor
- 36th of 36
- Parking
- B1-30
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 6,600 /yr
- Last sold
- AED 559K · April 2018
- Building
- Reef Residence
About 3608, Reef Residence
3608 is a studio of 467 sqft on the 36th 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 12 April 2018 for AED 559,459, or AED 1,197 per sqft, 13% above the AED 1,057 studios in the building were fetching at the time.
It has been rented since 2018 on 3 Ejari contracts. The current contract, signed on 3 December 2022, is AED 28,000 a year: a gross yield of 5.0% on the 2018 price, before the service charge of about AED 6,600 a year.
Sales and rents for 3608 over time
3608 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 3608 sits
All 186 studios →3608 last sold in April 2018 at AED 1,197 per sqft, 13% above what studios in Reef Residence were fetching at the time (AED 1,057). 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. 3608's AED 28,000 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 36th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 3601 | Studio | 520 sqft | AED 564KAED 563,819 · Apr 2018April 2018 | 35,200 /yr | |
| 3602 | Studio | 529 sqft | AED 597KAED 596,571 · Nov 2017November 2017 | 48,000 /yr | |
| 3603 | 1-bed | 886 sqft | AED 862KAED 862,311 · Dec 2017December 2017 | 72,000 /yr | |
| 3604 | 2-bed | 1,537 sqft | AED 1.39MAED 1,392,871 · Mar 2018March 2018 | 106,615 /yr | |
| 3605 | 1-bed | 925 sqft | AED 815KAED 815,000 · Apr 2018April 2018 | ||
| 3606 | Studio | 503 sqft | AED 561KAED 560,877 · Apr 2018April 2018 | 37,000 /yr | |
| 3607 | Studio | 514 sqft | AED 563KAED 562,839 · Apr 2018April 2018 | 43,000 /yr | |
| 3609 | 1-bed | 826 sqft | AED 450KAED 450,000 · Aug 2021August 2021 | 72,000 /yr | |
| 3610 | 2-bed | 1,481 sqft | AED 1.44MAED 1,438,291 · Dec 2017December 2017 | 90,000 /yr | |
| 3611 | 1-bed | 798 sqft | AED 575KAED 575,000 · Nov 2020November 2020 | 74,000 /yr | |
| 3612 | Studio | 515 sqft | AED 563KAED 563,466 · Apr 2018April 2018 | 24,000 /yr |
3608, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 12 April 2018 for AED 559,459, or AED 1,197 per sqft.
- Rented since October 2018 on 3 Ejari contracts. The rent fell from AED 40,000 to AED 25,000 in 2021 and recovered to AED 28,000 by December 2022.
- At AED 28,000 a year the gross yield on the 2018 price is 5.0%, before a service charge of about AED 6,600 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 3 December 2022.
Questions about 3608, Reef Residence
What did unit 3608 last sell for?
AED 559,459 on 12 April 2018, sold by the developer: AED 1,197 per sqft for 467 sqft. It is the only registered sale of the unit.
What is the rent for unit 3608?
AED 28,000 a year on the contract signed on 3 December 2022. The previous contract, from November 2021, was AED 25,000; the unit has been rented since October 2018.
How big is unit 3608?
467 sqft (43.4 sqm): a studio on the 36th floor of a 36-storey tower completed in 2017.
What is unit 3608 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 3608, Reef Residence
Starts from the last sale price (AED 559K, 12 April 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 559,459
- Deposit, UAE resident (20%)
- AED 111,892
- Deposit, non-resident (40%)
- AED 223,784
- Monthly over 25 years at 3.7%
- AED 2,289
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →