702, Reef Residence
Sold prices and rental history: sold once, by the developer in October 2015, 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 702, Reef Residence
What is 702 worth today?
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Source: Dubai Land Department. Updated 16 September 2026.
Key facts
- Type
- Studio apartment
- Size
- 529 sqft
- Floor
- 7th of 36
- Parking
- P3-25
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,500 /yr
- Last sold
- AED 509K · October 2015
- Building
- Reef Residence
About 702, Reef Residence
702 is a studio of 529 sqft on the 7th 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 27 October 2015 for AED 508,775, or AED 962 per sqft, 4% above the AED 929 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 16 September 2026, is AED 42,000 a year: a gross yield of 8.3% on the 2015 price, before the service charge of about AED 7,500 a year.
Sales and rents for 702 over time
702 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 702 sits
All 186 studios →702 last sold in October 2015 at AED 962 per sqft, 4% above what studios in Reef Residence were fetching at the time (AED 929). 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. 702's AED 42,000 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 7th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 701 | Studio | 520 sqft | AED 501KAED 501,052 · Oct 2015October 2015 | 45,000 /yr | |
| 703 | 1-bed | 886 sqft | AED 26KAED 26,488 · Jul 2026July 2026 | 45,000 /yr | |
| 704 | 2-bed | 1,537 sqft | AED 1.15MAED 1,152,000 · May 2016May 2016 | 130,000 /yr | |
| 705 | 1-bed | 925 sqft | AED 880KAED 880,000 · Feb 2026February 2026 | 67,636 /yr | |
| 706 | Studio | 503 sqft | AED 470KAED 470,000 · Aug 2018August 2018 | 40,021 /yr | |
| 707 | Studio | 514 sqft | AED 317KAED 317,000 · Sep 2020September 2020 | 43,000 /yr | |
| 708 | Studio | 467 sqft | AED 400KAED 400,000 · Sep 2023September 2023 | ||
| 709 | 1-bed | 826 sqft | AED 620KAED 620,000 · Apr 2021April 2021 | 40,000 /yr | |
| 710 | 2-bed | 1,481 sqft | AED 1.35MAED 1,350,000 · Jun 2026June 2026 | 80,100 /yr | |
| 711 | 1-bed | 798 sqft | AED 745KAED 745,000 · Jul 2024July 2024 | 60,000 /yr | |
| 712 | Studio | 515 sqft | AED 540KAED 540,000 · Sep 2024September 2024 | 58,000 /yr |
702, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 27 October 2015 for AED 508,775, or AED 962 per sqft.
- Rented since December 2018 on 6 Ejari contracts. The rent fell from AED 40,000 to AED 22,500 in 2024 and recovered to AED 42,000 by September 2026.
- At AED 42,000 a year the gross yield on the 2015 price is 8.3%, 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 16 September 2026.
Questions about 702, Reef Residence
What did unit 702 last sell for?
AED 508,775 on 27 October 2015, sold by the developer: AED 962 per sqft for 529 sqft. It is the only registered sale of the unit.
What is the rent for unit 702?
AED 42,000 a year on the contract signed on 16 September 2026. The previous contract, from August 2024, was AED 22,500; the unit has been rented since December 2018.
How big is unit 702?
529 sqft (49.1 sqm): a studio on the 7th floor of a 36-storey tower completed in 2017.
What is unit 702 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 702, Reef Residence
Starts from the last sale price (AED 509K, 27 October 2015). Switch to today's estimate once you have unlocked it.- Price
- AED 508,775
- Deposit, UAE resident (20%)
- AED 101,755
- Deposit, non-resident (40%)
- AED 203,510
- Monthly over 25 years at 3.7%
- AED 2,082
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →