506, Reef Residence
Sold prices and rental history: sold once, by the developer in May 2015, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 506, Reef Residence
What is 506 worth today?
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Source: Dubai Land Department. Updated 22 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 503 sqft
- Floor
- 5th of 36
- Parking
- B2-13
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,100 /yr
- Last sold
- AED 410K · May 2015
- Building
- Reef Residence
About 506, Reef Residence
506 is a studio of 503 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 4 May 2015 for AED 410,134, or AED 816 per sqft.
It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 22 September 2025, is AED 63,000 a year: a gross yield of 15.4% on the 2015 price, before the service charge of about AED 7,100 a year.
Sales and rents for 506 over time
506 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 506 sits
All 186 studios →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. 506's AED 63,000 is in the upper half 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 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 | |
| 505 | 1-bed | 925 sqft | AED 695KAED 694,500 · May 2016May 2016 | 72,500 /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 |
506, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 4 May 2015 for AED 410,134, or AED 816 per sqft.
- Rented since September 2023 on 3 Ejari contracts, from AED 60,000 to AED 63,000 a year.
- At AED 63,000 a year the gross yield on the 2015 price is 15.4%, before a service charge of about AED 7,100 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 22 September 2025.
Questions about 506, Reef Residence
What did unit 506 last sell for?
AED 410,134 on 4 May 2015, sold by the developer: AED 816 per sqft for 503 sqft. It is the only registered sale of the unit.
What is the rent for unit 506?
AED 63,000 a year on the contract renewed on 22 September 2025. The previous contract, from September 2024, was AED 63,000; the unit has been rented since September 2023.
How big is unit 506?
503 sqft (46.7 sqm): a studio on the 5th floor of a 36-storey tower completed in 2017.
What is unit 506 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 506, Reef Residence
Starts from the last sale price (AED 410K, 4 May 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 410,134
- Deposit, UAE resident (20%)
- AED 82,027
- Deposit, non-resident (40%)
- AED 164,054
- Monthly over 25 years at 3.7%
- AED 1,678
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →