509, Reef Residence
Sold prices and rental history: sold 3 times, last in February 2023, 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 509, Reef Residence
What is 509 worth today?
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Source: Dubai Land Department. Updated 16 February 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 826 sqft
- Floor
- 5th of 36
- Parking
- P3-65
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 11,700 /yr
- Last sold
- AED 750K · February 2023
- Building
- Reef Residence
About 509, Reef Residence
509 is a one-bedroom apartment of 826 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 16 February 2023 for AED 750,000, or AED 908 per sqft, 29% above the AED 702 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 4 Ejari contracts. The current contract, renewed on 10 November 2021, is AED 39,000 a year: a gross yield of 5.2% on the 2023 price, before the service charge of about AED 11,700 a year.
Sales and rents for 509 over time
509 has sold 3 times; 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 509 sits
All 127 1-beds →509 last sold in February 2023 at AED 908 per sqft, 29% above what one-beds in Reef Residence were fetching at the time (AED 702). 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. 509's AED 39,000 is at the bottom 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 | |
| 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 | |
| 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 |
509, Reef Residence in numbers
- Sold 3 times: first on 10 May 2015 for AED 644,072, last on 16 February 2023 for AED 750,000 (AED 908 per sqft).
- Rented since May 2018 on 4 Ejari contracts, from AED 57,500 to AED 39,000 a year.
- At AED 39,000 a year the gross yield on the 2023 price is 5.2%, before a service charge of about AED 11,700 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 16 February 2023.
Questions about 509, Reef Residence
What did unit 509 last sell for?
AED 750,000 on 16 February 2023: AED 908 per sqft for 826 sqft. The unit has 3 registered sales; the first was AED 644,072 in May 2015.
What is the rent for unit 509?
AED 39,000 a year on the contract renewed on 10 November 2021. The previous contract, from October 2020, was AED 39,000; the unit has been rented since May 2018.
How big is unit 509?
826 sqft (76.7 sqm): a one-bedroom apartment on the 5th floor of a 36-storey tower completed in 2017.
What is unit 509 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 509, Reef Residence
Starts from the last sale price (AED 750K, 16 February 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 750,000
- Deposit, UAE resident (20%)
- AED 150,000
- Deposit, non-resident (40%)
- AED 300,000
- Monthly over 25 years at 3.7%
- AED 3,068
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →