505, Reef Residence
Sold prices and rental history: sold once, by the developer in May 2016, 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 505, Reef Residence
What is 505 worth today?
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Source: Dubai Land Department. Updated 9 October 2025.
Key facts
- Type
- 1-bed apartment
- Size
- 925 sqft
- Floor
- 5th of 36
- Parking
- P3-64
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 13,100 /yr
- Last sold
- AED 695K · May 2016
- Building
- Reef Residence
About 505, Reef Residence
505 is a one-bedroom apartment of 925 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. The developer sold it on 12 May 2016 for AED 694,500, or AED 750 per sqft, 7% below the AED 806 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, signed on 9 October 2025, is AED 72,500 a year: a gross yield of 10.4% on the 2016 price, before the service charge of about AED 13,100 a year.
Sales and rents for 505 over time
505 has sold once; the dashed line is the one-bed median of each year in the building.
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 505 sits
All 127 1-beds →505 last sold in May 2016 at AED 750 per sqft, 7% below what one-beds in Reef Residence were fetching at the time (AED 806). 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. 505's AED 72,500 is in the upper half of that range.
| Recent 1-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 8 Sep 20268 September 2026 | 886 sqft | 840,000 | 948 | ||
| 16 Jul 202616 July 2026 | 886 sqft | 26,488 | 29 | ||
| 8 Jul 20268 July 2026 | 826 sqft | 995,000 | 1,205 | ||
| 15 May 202615 May 2026 | 798 sqft | 810,000 | 1,015 |
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 | ||
| 504 | 2-bed | 1,537 sqft | AED 1.45MAED 1,450,000 · Jun 2026June 2026 | 96,801 /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 |
505, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 12 May 2016 for AED 694,500, or AED 750 per sqft.
- Rented since July 2018 on 4 Ejari contracts. The rent fell from AED 60,000 to AED 38,000 in 2020 and recovered to AED 72,500 by October 2025.
- At AED 72,500 a year the gross yield on the 2016 price is 10.4%, 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 9 October 2025.
Questions about 505, Reef Residence
What did unit 505 last sell for?
AED 694,500 on 12 May 2016, sold by the developer: AED 750 per sqft for 925 sqft. It is the only registered sale of the unit.
What is the rent for unit 505?
AED 72,500 a year on the contract signed on 9 October 2025. The previous contract, from December 2022, was AED 46,200; the unit has been rented since July 2018.
How big is unit 505?
925 sqft (85.9 sqm): a one-bedroom apartment on the 5th floor of a 36-storey tower completed in 2017.
What is unit 505 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 505, Reef Residence
Starts from the last sale price (AED 695K, 12 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 694,500
- Deposit, UAE resident (20%)
- AED 138,900
- Deposit, non-resident (40%)
- AED 277,800
- Monthly over 25 years at 3.7%
- AED 2,841
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →