504, Reef Residence
Sold prices and rental history: sold 3 times, last in June 2026, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 504, Reef Residence
What is 504 worth today?
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Source: Dubai Land Department. Updated 2 June 2026.
Key facts
- Type
- 2-bed apartment
- Size
- 1,537 sqft
- Floor
- 5th of 36
- Parking
- P3-01
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 21,800 /yr
- Last sold
- AED 1.45M · June 2026
- Building
- Reef Residence
About 504, Reef Residence
504 is a two-bedroom apartment of 1,537 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 2 June 2026 for AED 1,450,000, or AED 943 per sqft, in line with the AED 943 two-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 7 Ejari contracts. The current contract, renewed on 18 February 2026, is AED 96,801 a year: a gross yield of 6.7% on the 2026 price, before the service charge of about AED 21,800 a year.
Sales and rents for 504 over time
504 has sold 3 times; the dashed line is the two-bed median of each year in the building.
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 504 sits
All 65 2-beds →504 last sold in June 2026 at AED 943 per sqft, in line with what two-beds in Reef Residence were fetching at the time (AED 943). 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. 504's AED 96,801 is at the bottom of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Sep 20261 September 2026 | 1,537 sqft | 1,635,000 | 1,063 | ||
| 23 Jul 202623 July 2026 | 1,537 sqft | 1,580,000 | 1,028 | ||
| 1 Jun 20261 June 2026 | 1,481 sqft | 2,000,000 | 1,350 | ||
| 1 Jun 20261 June 2026 | 1,481 sqft | 1,350,000 | 911 |
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 5th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 501 | Studio | 520 sqft | AED 403KAED 402,832 · Dec 2016December 2016 | 34,000 /yr | |
| 502 | Studio | 529 sqft | AED 409KAED 409,156 · Dec 2016December 2016 | 48,000 /yr | |
| 503 | 1-bed | 886 sqft | AED 835KAED 835,000 · Mar 2025March 2025 | ||
| 505 | 1-bed | 925 sqft | AED 695KAED 694,500 · May 2016May 2016 | 72,500 /yr | |
| 506 | Studio | 503 sqft | AED 410KAED 410,134 · May 2015May 2015 | 63,000 /yr | |
| 507 | Studio | 514 sqft | AED 420KAED 419,938 · May 2015May 2015 | 31,000 /yr | |
| 508 | Studio | 467 sqft | AED 560KAED 560,000 · Jul 2024July 2024 | 56,000 /yr | |
| 509 | 1-bed | 826 sqft | AED 750KAED 750,000 · Feb 2023February 2023 | 39,000 /yr | |
| 510 | 2-bed | 1,481 sqft | AED 1MAED 1,000,000 · Mar 2022March 2022 | 85,000 /yr | |
| 511 | 1-bed | 798 sqft | AED 615KAED 615,000 · Oct 2023October 2023 | 70,000 /yr | |
| 512 | Studio | 515 sqft | AED 468KAED 467,740 · Aug 2015August 2015 | 33,000 /yr |
504, Reef Residence in numbers
- Sold 3 times: first on 27 October 2015 for AED 1,305,216, last on 2 June 2026 for AED 1,450,000 (AED 943 per sqft).
- Rented since November 2018 on 7 Ejari contracts. The rent fell from AED 78,000 to AED 65,000 in 2021 and recovered to AED 96,801 by February 2026.
- At AED 96,801 a year the gross yield on the 2026 price is 6.7%, before a service charge of about AED 21,800 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 2 June 2026.
Questions about 504, Reef Residence
What did unit 504 last sell for?
AED 1,450,000 on 2 June 2026: AED 943 per sqft for 1,537 sqft. The unit has 3 registered sales; the first was AED 1,305,216 in October 2015.
What is the rent for unit 504?
AED 96,801 a year on the contract renewed on 18 February 2026. The previous contract, from February 2025, was AED 96,800; the unit has been rented since November 2018.
How big is unit 504?
1,537 sqft (142.8 sqm): a two-bedroom apartment on the 5th floor of a 36-storey tower completed in 2017.
What is unit 504 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 504, Reef Residence
Starts from the last sale price (AED 1.45M, 2 June 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 1,450,000
- Deposit, UAE resident (20%)
- AED 290,000
- Deposit, non-resident (40%)
- AED 580,000
- Monthly over 25 years at 3.7%
- AED 5,932
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →