2-bed · 1,481 sqftReef Residence, Jumeirah Village Circle (JVC) · 6th floor · completed 2017

610, Reef Residence

Sold prices and rental history: sold twice, last in February 2022, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 610 · DLD and Ejari recordsUpdated 15 December 2023
Last soldAED 1.02M16 February 2022
Current rentAED 120K /yr15 December 2023
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 610, Reef Residence

What is 610 worth today?

Last sold for AED 1,015,000 in 2022

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15 Dec 2023RentedRenewal
AED 120,000/yr12 months · AED 81 per sqft
15 Dec 2022RentedRenewal
AED 65,000/yr12 months · AED 44 per sqft
16 Feb 2022SoldReady
AED 1,015,000AED 685 per sqft
15 Dec 2021RentedRenewal
AED 65,000/yr12 months · AED 44 per sqft
15 Dec 2020RentedNew contract
AED 65,000/yr12 months · AED 44 per sqft
15 Sep 2019RentedNew contract
AED 80,000/yr12 months · AED 54 per sqft
22 May 2018RentedNew contract
AED 93,000/yr12 months · AED 63 per sqft
12 May 2016Sold by developerOff-plan
AED 1,102,500AED 744 per sqft

Source: Dubai Land Department. Updated 15 December 2023.

Key facts

Type
2-bed apartment
Size
1,481 sqft
Floor
6th of 36
Parking
P3-05
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 21,000 /yr
Last sold
AED 1.02M · February 2022

About 610, Reef Residence

610 is a two-bedroom apartment of 1,481 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 16 February 2022 for AED 1,015,000, or AED 685 per sqft.

It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, renewed on 15 December 2023, is AED 120,000 a year: a gross yield of 11.8% on the 2022 price, before the service charge of about AED 21,000 a year.

Sales and rents for 610 over time

Sales
Unit 610, each saleTypical two-bed in Reef Residence
1M1.25M1.5M20152018202120242027Typical sale price by year: 2015 AED 1,242,995; 2016 AED 1,206,534; 2017 AED 1,324,880; 2018 AED 1,250,000; 2022 AED 1,000,000; 2023 AED 1,250,000; 2024 AED 1,350,000; 2026 AED 1,450,000Sold by developer, May 2016: AED 1,102,500 (AED 744 per sqft)Sold, February 2022: AED 1,015,000 (AED 685 per sqft)

610 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 610, each contractTypical two-bed in Reef Residence
75K100K125K2018202120242027Typical rent by year: 2018 AED 95,000; 2019 AED 88,000; 2020 AED 71,000; 2021 AED 70,000; 2022 AED 77,000; 2023 AED 86,512; 2024 AED 120,000; 2025 AED 120,000; 2026 AED 120,000New contract, May 2018: AED 93,000 a yearNew contract, September 2019: AED 80,000 a yearNew contract, December 2020: AED 65,000 a yearRenewal, December 2021: AED 65,000 a yearRenewal, December 2022: AED 65,000 a yearRenewal, December 2023: AED 120,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Reef Residence, and where 610 sits

All 65 2-beds →

Over the last 12 months two-beds sold for AED 1,200,000 to 2,000,000, around AED 943 per sqft, and rent for AED 96,801 to 165,000 a year. 610's AED 120,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
1 Sep 20261,635,000
23 Jul 20261,580,000
2 Jun 20261,450,000
1 Jun 20262,000,000
7 2-bed sales in the last 12 months

Reef Residence

Building

378 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%
Reef Residence, Jumeirah Village Circle (JVC): prices, sales and rents →

Other units on the 6th floor

All 378 units in Reef Residence
Value
601StudioAED 555K · Aug 2024
602StudioAED 300K · Jan 2020
6031-bedAED 714K · Dec 2016
6042-bedAED 1.35M · Jun 2024
6051-bedAED 594K · Jan 2023
606StudioAED 230K · Oct 2018
607StudioAED 447K · Aug 2015
1–7 of 11

610, Reef Residence in numbers

  • Sold twice: first on 12 May 2016 for AED 1,102,500, last on 16 February 2022 for AED 1,015,000 (AED 685 per sqft).
  • Rented since May 2018 on 6 Ejari contracts. The rent fell from AED 93,000 to AED 65,000 in 2022 and recovered to AED 120,000 by December 2023.
  • At AED 120,000 a year the gross yield on the 2022 price is 11.8%, before a service charge of about AED 21,000 a year (AED 14.20 per sqft).
  • Two-beds in Reef Residence sold for AED 1,200,000–2,000,000 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 15 December 2023.

Questions about 610, Reef Residence

What did unit 610 last sell for?

AED 1,015,000 on 16 February 2022: AED 685 per sqft for 1,481 sqft. The unit has 2 registered sales; the first was AED 1,102,500 in May 2016.

What is the rent for unit 610?

AED 120,000 a year on the contract renewed on 15 December 2023. The previous contract, from December 2022, was AED 65,000; the unit has been rented since May 2018.

How big is unit 610?

1,481 sqft (137.6 sqm): a two-bedroom apartment on the 6th floor of a 36-storey tower completed in 2017.

What is unit 610 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Reef Residence sold for AED 1,200,000 to 2,000,000 in the last 12 months, around AED 943 per sqft.

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Mortgage on 610, Reef Residence

Starts from the last sale price (AED 1.02M, 16 February 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,015,000
Deposit, UAE resident (20%)
AED 203,000
Deposit, non-resident (40%)
AED 406,000
Monthly over 25 years at 3.7%
AED 4,153

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →