602, Reef Residence
Sold prices and rental history: sold twice, last in January 2020, 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 602, Reef Residence
What is 602 worth today?
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Source: Dubai Land Department. Updated 1 August 2026.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 6th of 36
- Parking
- P3-59
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 300K · January 2020
- Building
- Reef Residence
About 602, Reef Residence
602 is a studio of 529 sqft on the 6th 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 13 January 2020 for AED 300,000, or AED 567 per sqft, 21% below the AED 722 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 9 Ejari contracts. The current contract, renewed on 1 August 2026, is AED 50,000 a year: a gross yield of 16.7% on the 2020 price, before the service charge of about AED 7,500 a year.
Sales and rents for 602 over time
602 has sold twice; 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 602 sits
All 186 studios →602 last sold in January 2020 at AED 567 per sqft, 21% below what studios in Reef Residence were fetching at the time (AED 722). 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. 602's AED 50,000 is in the lower 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 6th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 601 | Studio | 520 sqft | AED 555KAED 555,000 · Aug 2024August 2024 | 40,000 /yr | |
| 603 | 1-bed | 886 sqft | AED 714KAED 714,420 · Dec 2016December 2016 | 60,000 /yr | |
| 604 | 2-bed | 1,537 sqft | AED 1.35MAED 1,350,000 · Jun 2024June 2024 | 68,250 /yr | |
| 605 | 1-bed | 925 sqft | AED 594KAED 594,171 · Jan 2023January 2023 | 66,000 /yr | |
| 606 | Studio | 503 sqft | AED 230KAED 230,000 · Oct 2018October 2018 | 39,889 /yr | |
| 607 | Studio | 514 sqft | AED 447KAED 447,180 · Aug 2015August 2015 | 35,000 /yr | |
| 608 | Studio | 467 sqft | AED 560KAED 560,000 · Sep 2025September 2025 | 45,000 /yr | |
| 609 | 1-bed | 826 sqft | AED 686KAED 686,340 · Aug 2015August 2015 | 60,600 /yr | |
| 610 | 2-bed | 1,481 sqft | AED 1.02MAED 1,015,000 · Feb 2022February 2022 | 120,000 /yr | |
| 611 | 1-bed | 798 sqft | AED 720KAED 720,000 · Nov 2017November 2017 | ||
| 612 | Studio | 515 sqft | AED 600KAED 600,000 · Nov 2025November 2025 | 55,000 /yr |
602, Reef Residence in numbers
- Sold twice: first on 22 December 2016 for AED 484,840, last on 13 January 2020 for AED 300,000 (AED 567 per sqft).
- Rented since June 2018 on 9 Ejari contracts. The rent fell from AED 42,000 to AED 24,000 in 2021 and recovered to AED 50,000 by August 2026.
- At AED 50,000 a year the gross yield on the 2020 price is 16.7%, before a service charge of about AED 7,500 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 1 August 2026.
Questions about 602, Reef Residence
What did unit 602 last sell for?
AED 300,000 on 13 January 2020: AED 567 per sqft for 529 sqft. The unit has 2 registered sales; the first was AED 484,840 in December 2016.
What is the rent for unit 602?
AED 50,000 a year on the contract renewed on 1 August 2026. The previous contract, from August 2025, was AED 50,000; the unit has been rented since June 2018.
How big is unit 602?
529 sqft (49.1 sqm): a studio on the 6th floor of a 36-storey tower completed in 2017.
What is unit 602 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 602, Reef Residence
Starts from the last sale price (AED 300K, 13 January 2020). Switch to today's estimate once you have unlocked it.- Price
- AED 300,000
- Deposit, UAE resident (20%)
- AED 60,000
- Deposit, non-resident (40%)
- AED 120,000
- Monthly over 25 years at 3.7%
- AED 1,227
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →