511, Reef Residence
Sold prices and rental history: sold 3 times, last in October 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 511, Reef Residence
What is 511 worth today?
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Source: Dubai Land Department. Updated 25 October 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 798 sqft
- Floor
- 5th of 36
- Parking
- P3-66
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 11,300 /yr
- Last sold
- AED 615K · October 2023
- Building
- Reef Residence
About 511, Reef Residence
511 is a one-bedroom apartment of 798 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 10 October 2023 for AED 615,000, or AED 770 per sqft, in line with the AED 779 one-beds in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, renewed on 25 October 2024, is AED 70,000 a year: a gross yield of 11.4% on the 2023 price, before the service charge of about AED 11,300 a year.
Sales and rents for 511 over time
511 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 511 sits
All 127 1-beds →511 last sold in October 2023 at AED 770 per sqft, in line with what one-beds in Reef Residence were fetching at the time (AED 779). 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. 511's AED 70,000 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 | |
| 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 | |
| 512 | Studio | 515 sqft | AED 468KAED 467,740 · Aug 2015August 2015 | 33,000 /yr |
511, Reef Residence in numbers
- Sold 3 times: first on 30 August 2015 for AED 711,297, last on 10 October 2023 for AED 615,000 (AED 770 per sqft).
- Rented since July 2018 on 5 Ejari contracts. The rent fell from AED 52,000 to AED 43,000 in 2022 and recovered to AED 70,000 by October 2024.
- At AED 70,000 a year the gross yield on the 2023 price is 11.4%, before a service charge of about AED 11,300 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 25 October 2024.
Questions about 511, Reef Residence
What did unit 511 last sell for?
AED 615,000 on 10 October 2023: AED 770 per sqft for 798 sqft. The unit has 3 registered sales; the first was AED 711,297 in August 2015.
What is the rent for unit 511?
AED 70,000 a year on the contract renewed on 25 October 2024. The previous contract, from October 2023, was AED 67,000; the unit has been rented since July 2018.
How big is unit 511?
798 sqft (74.1 sqm): a one-bedroom apartment on the 5th floor of a 36-storey tower completed in 2017.
What is unit 511 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 511, Reef Residence
Starts from the last sale price (AED 615K, 10 October 2023). Switch to today's estimate once you have unlocked it.- Price
- AED 615,000
- Deposit, UAE resident (20%)
- AED 123,000
- Deposit, non-resident (40%)
- AED 246,000
- Monthly over 25 years at 3.7%
- AED 2,516
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →