2-bed · 1,481 sqftReef Residence, Jumeirah Village Circle (JVC) · 36th floor · completed 2017

3610, Reef Residence

Sold prices and rental history: sold once, by the developer in December 2017, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 3610 · DLD and Ejari recordsUpdated 16 July 2024
Last soldAED 1.44M13 December 2017
Current rentAED 90K /yr16 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 3610, Reef Residence

What is 3610 worth today?

Last sold for AED 1,438,291 in 2017

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16 Jul 2024RentedRenewal
AED 90,000/yr12 months · AED 61 per sqft
16 Jul 2024RentedRenewal
AED 90,000/yr12 months · AED 61 per sqft
16 Jul 2023RentedRenewal
AED 80,000/yr12 months · AED 54 per sqft
16 Jul 2022RentedNew contract
AED 80,000/yr12 months · AED 54 per sqft
1 Jan 2022RentedRenewal
AED 77,000/yr12 months · AED 52 per sqft
1 Jan 2021RentedRenewal
AED 77,000/yr12 months · AED 52 per sqft
9 Feb 2020RentedRenewal
AED 86,018/yr11 months · AED 58 per sqft
9 Feb 2019RentedRenewal
AED 94,000/yr12 months · AED 63 per sqft

Source: Dubai Land Department. Updated 16 July 2024.

Key facts

Type
2-bed apartment
Size
1,481 sqft
Floor
36th of 36
Parking
P1-08,P1-09
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 21,000 /yr
Last sold
AED 1.44M · December 2017

About 3610, Reef Residence

3610 is a two-bedroom apartment of 1,481 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 13 December 2017 for AED 1,438,291, or AED 971 per sqft, 11% above the AED 873 two-beds in the building were fetching at the time.

It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, renewed on 16 July 2024, is AED 90,000 a year: a gross yield of 6.3% on the 2017 price, before the service charge of about AED 21,000 a year.

Sales and rents for 3610 over time

Sales
Unit 3610, each saleTypical two-bed in Reef Residence
1M1.25M1.5M20152018202120242027Typical sale price by year: 2015 AED 1,242,995; 2016 AED 1,206,534; 2017 AED 1,324,880; 2018 AED 1,250,000; 2022 AED 1,000,000; 2023 AED 1,250,000; 2024 AED 1,350,000; 2026 AED 1,450,000Sold by developer, December 2017: AED 1,438,291 (AED 971 per sqft)

3610 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 3610, each contractTypical two-bed in Reef Residence
75K100K125K2018202120242027Typical rent by year: 2018 AED 95,000; 2019 AED 88,000; 2020 AED 71,000; 2021 AED 70,000; 2022 AED 77,000; 2023 AED 86,512; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 120,000New contract, February 2018: AED 100,000 a yearRenewal, February 2019: AED 94,000 a yearRenewal, February 2020: AED 86,018 a yearRenewal, January 2021: AED 77,000 a yearRenewal, January 2022: AED 77,000 a yearNew contract, July 2022: AED 80,000 a yearRenewal, July 2023: AED 80,000 a yearRenewal, July 2024: AED 90,000 a yearRenewal, July 2024: AED 90,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Reef Residence, and where 3610 sits

All 65 2-beds →

3610 last sold in December 2017 at AED 971 per sqft, 11% above what two-beds in Reef Residence were fetching at the time (AED 873). Over the last 12 months two-beds sold for AED 1,200,000 to 2,000,000, around AED 943 per sqft, and rent for AED 96,801 to 165,000 a year. 3610's AED 90,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Sep 20261,635,000
23 Jul 20261,580,000
2 Jun 20261,450,000
1 Jun 20262,000,000
7 2-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 36th floor

All 378 units in Reef Residence
Value
3601StudioAED 564K · Apr 2018
3602StudioAED 597K · Nov 2017
36031-bedAED 862K · Dec 2017
36042-bedAED 1.39M · Mar 2018
36051-bedAED 815K · Apr 2018
3606StudioAED 561K · Apr 2018
3607StudioAED 563K · Apr 2018
1–7 of 11

3610, Reef Residence in numbers

  • Sold once: by Sama Alkhaleej Real Estate Development Co on 13 December 2017 for AED 1,438,291, or AED 971 per sqft.
  • Rented since February 2018 on 9 Ejari contracts. The rent fell from AED 100,000 to AED 77,000 in 2022 and recovered to AED 90,000 by July 2024.
  • At AED 90,000 a year the gross yield on the 2017 price is 6.3%, before a service charge of about AED 21,000 a year (AED 14.20 per sqft).
  • Two-beds in Reef Residence sold for AED 1,200,000–2,000,000 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 16 July 2024.

Questions about 3610, Reef Residence

What did unit 3610 last sell for?

AED 1,438,291 on 13 December 2017, sold by the developer: AED 971 per sqft for 1,481 sqft. It is the only registered sale of the unit.

What is the rent for unit 3610?

AED 90,000 a year on the contract renewed on 16 July 2024. The previous contract, from July 2024, was AED 90,000; the unit has been rented since February 2018.

How big is unit 3610?

1,481 sqft (137.6 sqm): a two-bedroom apartment on the 36th floor of a 36-storey tower completed in 2017.

What is unit 3610 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Reef Residence sold for AED 1,200,000 to 2,000,000 in the last 12 months, around AED 943 per sqft.

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Mortgage on 3610, Reef Residence

Starts from the last sale price (AED 1.44M, 13 December 2017). Switch to today's estimate once you have unlocked it.
Price
AED 1,438,291
Deposit, UAE resident (20%)
AED 287,658
Deposit, non-resident (40%)
AED 575,316
Monthly over 25 years at 3.7%
AED 5,884

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