607, Reef Residence
Sold prices and rental history: sold once, by the developer in August 2015, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 607, Reef Residence
What is 607 worth today?
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Source: Dubai Land Department. Updated 25 September 2022.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 6th of 36
- Parking
- P3-57
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 447K · August 2015
- Building
- Reef Residence
About 607, Reef Residence
607 is a studio of 514 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 3 August 2015 for AED 447,180, or AED 869 per sqft, 5% below the AED 914 studios in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, signed on 25 September 2022, is AED 35,000 a year: a gross yield of 7.8% on the 2015 price, before the service charge of about AED 7,300 a year.
Sales and rents for 607 over time
607 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 607 sits
All 186 studios →607 last sold in August 2015 at AED 869 per sqft, 5% below what studios in Reef Residence were fetching at the time (AED 914). 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. 607's AED 35,000 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 | |
| 602 | Studio | 529 sqft | AED 300KAED 300,000 · Jan 2020January 2020 | 50,000 /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 | |
| 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 |
607, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 3 August 2015 for AED 447,180, or AED 869 per sqft.
- Rented since July 2020 on 3 Ejari contracts. The rent fell from AED 27,000 to AED 24,000 in 2021 and recovered to AED 35,000 by September 2022.
- At AED 35,000 a year the gross yield on the 2015 price is 7.8%, before a service charge of about AED 7,300 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 25 September 2022.
Questions about 607, Reef Residence
What did unit 607 last sell for?
AED 447,180 on 3 August 2015, sold by the developer: AED 869 per sqft for 514 sqft. It is the only registered sale of the unit.
What is the rent for unit 607?
AED 35,000 a year on the contract signed on 25 September 2022. The previous contract, from August 2021, was AED 24,000; the unit has been rented since July 2020.
How big is unit 607?
514 sqft (47.8 sqm): a studio on the 6th floor of a 36-storey tower completed in 2017.
What is unit 607 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 607, Reef Residence
Starts from the last sale price (AED 447K, 3 August 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 447,180
- Deposit, UAE resident (20%)
- AED 89,436
- Deposit, non-resident (40%)
- AED 178,872
- Monthly over 25 years at 3.7%
- AED 1,830
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →