703, Reef Residence
Sold prices and rental history: sold 5 times, last in July 2026, and rented since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 703, Reef Residence
What is 703 worth today?
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Source: Dubai Land Department. Updated 16 July 2026.
Key facts
- Type
- 1-bed apartment
- Size
- 886 sqft
- Floor
- 7th of 36
- Parking
- P3-71
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 12,600 /yr
- Last sold
- AED 26K · July 2026
- Building
- Reef Residence
About 703, Reef Residence
703 is a one-bedroom apartment of 886 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. It last sold on 16 July 2026 for AED 26,488, or AED 29 per sqft, 97% below the AED 1,015 one-beds in the building were fetching at the time.
It has been rented since 2018 on 2 Ejari contracts. The current contract, signed on 7 November 2019, is AED 45,000 a year: a gross yield of 169.9% on the 2026 price, before the service charge of about AED 12,600 a year.
Sales and rents for 703 over time
703 has sold 3 times; 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 703 sits
All 127 1-beds →703 last sold in July 2026 at AED 29 per sqft, 97% below what one-beds in Reef Residence were fetching at the time (AED 1,015). 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. 703's AED 45,000 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 | ||
| 8 Jul 20268 July 2026 | 826 sqft | 995,000 | 1,205 | ||
| 15 May 202615 May 2026 | 798 sqft | 810,000 | 1,015 | ||
| 12 Feb 202612 February 2026 | 925 sqft | 880,000 | 950 |
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 | |
| 702 | Studio | 529 sqft | AED 509KAED 508,775 · Oct 2015October 2015 | 42,000 /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 |
703, Reef Residence in numbers
- Sold 5 times: first on 27 October 2015 for AED 726,768, last on 16 July 2026 for AED 26,488 (AED 29 per sqft).
- Rented since April 2018 on 2 Ejari contracts, from AED 58,000 to AED 45,000 a year.
- At AED 45,000 a year the gross yield on the 2026 price is 169.9%, 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 16 July 2026.
Questions about 703, Reef Residence
What did unit 703 last sell for?
AED 26,488 on 16 July 2026: AED 29 per sqft for 886 sqft. The unit has 5 registered sales; the first was AED 726,768 in October 2015.
What is the rent for unit 703?
AED 45,000 a year on the contract signed on 7 November 2019. The previous contract, from April 2018, was AED 58,000.
How big is unit 703?
886 sqft (82.3 sqm): a one-bedroom apartment on the 7th floor of a 36-storey tower completed in 2017.
What is unit 703 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 703, Reef Residence
Starts from the last sale price (AED 26K, 16 July 2026). Switch to today's estimate once you have unlocked it.- Price
- AED 26,488
- Deposit, UAE resident (20%)
- AED 5,298
- Deposit, non-resident (40%)
- AED 10,595
- Monthly over 25 years at 3.7%
- AED 108
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →