603, Reef Residence
Sold prices and rental history: sold once, by the developer in December 2016, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 603, Reef Residence
What is 603 worth today?
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Source: Dubai Land Department. Updated 20 March 2023.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 6th of 36
- Parking
- P3-67
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 714K · December 2016
- Building
- Reef Residence
About 603, Reef Residence
603 is a one-bedroom apartment of 886 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. The developer sold it on 22 December 2016 for AED 714,420, or AED 806 per sqft, in line with the AED 826 one-beds in the building were fetching at the time.
It has been rented since 2019 on 3 Ejari contracts. The current contract, signed on 20 March 2023, is AED 60,000 a year: a gross yield of 8.4% on the 2016 price, before the service charge of about AED 12,600 a year.
Sales and rents for 603 over time
603 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 603 sits
All 127 1-beds →603 last sold in December 2016 at AED 806 per sqft, in line with what one-beds in Reef Residence were fetching at the time (AED 826). 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. 603's AED 60,000 is in the lower 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 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 | |
| 602 | Studio | 529 sqft | AED 300KAED 300,000 · Jan 2020January 2020 | 50,000 /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 |
603, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 22 December 2016 for AED 714,420, or AED 806 per sqft.
- Rented since March 2019 on 3 Ejari contracts. The rent fell from AED 55,000 to AED 40,000 in 2021 and recovered to AED 60,000 by March 2023.
- At AED 60,000 a year the gross yield on the 2016 price is 8.4%, before a service charge of about AED 12,600 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 20 March 2023.
Questions about 603, Reef Residence
What did unit 603 last sell for?
AED 714,420 on 22 December 2016, sold by the developer: AED 806 per sqft for 886 sqft. It is the only registered sale of the unit.
What is the rent for unit 603?
AED 60,000 a year on the contract signed on 20 March 2023. The previous contract, from January 2021, was AED 40,000; the unit has been rented since March 2019.
How big is unit 603?
886 sqft (82.3 sqm): a one-bedroom apartment on the 6th floor of a 36-storey tower completed in 2017.
What is unit 603 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 603, Reef Residence
Starts from the last sale price (AED 714K, 22 December 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 714,420
- Deposit, UAE resident (20%)
- AED 142,884
- Deposit, non-resident (40%)
- AED 285,768
- Monthly over 25 years at 3.7%
- AED 2,923
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →