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Studio · 520 sqftReef Residence, Jumeirah Village Circle (JVC) · 5th floor · completed 2017

501, Reef Residence

Sold prices and rental history: sold twice, last in December 2016, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 501 · DLD and Ejari recordsUpdated 16 January 2020
Last soldAED 403K13 December 2016
Current rentAED 34K /yr16 January 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 501, Reef Residence

What is 501 worth today?

Last sold for AED 402,832 in 2016

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16 Jan 2020RentedNew contract
AED 34,000/yr12 months · AED 66 per sqft
20 Jan 2018RentedNew contract
AED 48,000/yr12 months · AED 93 per sqft
13 Dec 2016SoldOff-plan
AED 402,832AED 774 per sqft
15 Jun 2015Sold by developerOff-plan
AED 472,290AED 908 per sqft

Source: Dubai Land Department. Updated 16 January 2020.

Key facts

Type
Studio apartment
Size
520 sqft
Floor
5th of 36
Parking
P1-13
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 7,400 /yr
Last sold
AED 403K · December 2016
Building
Reef Residence

About 501, Reef Residence

501 is a studio of 520 sqft on the 5th 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 13 December 2016 for AED 402,832, or AED 774 per sqft, 25% below the AED 1,028 studios in the building were fetching at the time.

It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 16 January 2020, is AED 34,000 a year: a gross yield of 8.4% on the 2016 price, before the service charge of about AED 7,400 a year.

Sales and rents for 501 over time

Sales
Unit 501, each saleTypical studio in Reef Residence
400K20152018202120242027Typical sale price by year: 2015 AED 472,880; 2016 AED 521,995; 2017 AED 540,540; 2018 AED 483,160; 2019 AED 350,000; 2020 AED 340,000; 2021 AED 321,250; 2022 AED 375,000; 2023 AED 401,000; 2024 AED 530,000; 2025 AED 548,750; 2026 AED 540,000Sold by developer, June 2015: AED 472,290 (AED 908 per sqft)Sold, December 2016: AED 402,832 (AED 774 per sqft)

501 has sold twice; the dashed line is the studio median of each year in the building.

Rents
Unit 501, each contractTypical studio in Reef Residence
40K2018202120242027Typical rent by year: 2018 AED 40,000; 2019 AED 38,000; 2020 AED 30,000; 2021 AED 25,000; 2022 AED 30,000; 2023 AED 36,000; 2024 AED 44,000; 2025 AED 46,452; 2026 AED 45,000New contract, January 2018: AED 48,000 a yearNew contract, January 2020: AED 34,000 a year

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 501 sits

All 186 studios →

501 last sold in December 2016 at AED 774 per sqft, 25% below what studios in Reef Residence were fetching at the time (AED 1,028). 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. 501's AED 34,000 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
7 Sep 2026515,000
9 Jul 2026540,000
23 Jun 2026525,000
14 May 2026540,000
7 studio 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 5th floor

All 378 units in Reef Residence
Value
502StudioAED 409K · Dec 2016
5031-bedAED 835K · Mar 2025
5042-bedAED 1.45M · Jun 2026
5051-bedAED 695K · May 2016
506StudioAED 410K · May 2015
507StudioAED 420K · May 2015
508StudioAED 560K · Jul 2024
1–7 of 11

501, Reef Residence in numbers

  • Sold twice: first on 15 June 2015 for AED 472,290, last on 13 December 2016 for AED 402,832 (AED 774 per sqft).
  • Rented since January 2018 on 2 Ejari contracts, from AED 48,000 to AED 34,000 a year.
  • At AED 34,000 a year the gross yield on the 2016 price is 8.4%, before a service charge of about AED 7,400 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 16 January 2020.

Questions about 501, Reef Residence

What did unit 501 last sell for?

AED 402,832 on 13 December 2016: AED 774 per sqft for 520 sqft. The unit has 2 registered sales; the first was AED 472,290 in June 2015.

What is the rent for unit 501?

AED 34,000 a year on the contract signed on 16 January 2020. The previous contract, from January 2018, was AED 48,000.

How big is unit 501?

520 sqft (48.3 sqm): a studio on the 5th floor of a 36-storey tower completed in 2017.

What is unit 501 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 501, Reef Residence

Starts from the last sale price (AED 403K, 13 December 2016). Switch to today's estimate once you have unlocked it.
Price
AED 402,832
Deposit, UAE resident (20%)
AED 80,566
Deposit, non-resident (40%)
AED 161,133
Monthly over 25 years at 3.7%
AED 1,648

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