704, Reef Residence
Sold prices and rental history: sold once, by the developer in May 2016, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 704, Reef Residence
What is 704 worth today?
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Source: Dubai Land Department. Updated 20 September 2025.
Key facts
- Type
- 2-bed apartment
- Size
- 1,537 sqft
- Floor
- 7th of 36
- Parking
- P3-09
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 21,800 /yr
- Last sold
- AED 1.15M · May 2016
- Building
- Reef Residence
About 704, Reef Residence
704 is a two-bedroom apartment of 1,537 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 12 May 2016 for AED 1,152,000, or AED 749 per sqft, in line with the AED 749 two-beds in the building were fetching at the time.
It has been rented continuously since 2019 on 7 Ejari contracts. The current contract, renewed on 20 September 2025, is AED 130,000 a year: a gross yield of 11.3% on the 2016 price, before the service charge of about AED 21,800 a year.
Sales and rents for 704 over time
704 has sold once; the dashed line is the two-bed median of each year in the building.
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 704 sits
All 65 2-beds →704 last sold in May 2016 at AED 749 per sqft, in line with what two-beds in Reef Residence were fetching at the time (AED 749). 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. 704's AED 130,000 is in the lower half of that range.
| Recent 2-bed sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 1 Sep 20261 September 2026 | 1,537 sqft | 1,635,000 | 1,063 | ||
| 23 Jul 202623 July 2026 | 1,537 sqft | 1,580,000 | 1,028 | ||
| 2 Jun 20262 June 2026 | 1,537 sqft | 1,450,000 | 943 | ||
| 1 Jun 20261 June 2026 | 1,481 sqft | 2,000,000 | 1,350 |
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 | |
| 703 | 1-bed | 886 sqft | AED 26KAED 26,488 · Jul 2026July 2026 | 45,000 /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 |
704, Reef Residence in numbers
- Sold once: by Sama Alkhaleej Real Estate Development Co on 12 May 2016 for AED 1,152,000, or AED 749 per sqft.
- Rented since March 2019 on 7 Ejari contracts. The rent fell from AED 90,000 to AED 73,500 in 2023 and recovered to AED 130,000 by September 2025.
- At AED 130,000 a year the gross yield on the 2016 price is 11.3%, before a service charge of about AED 21,800 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 20 September 2025.
Questions about 704, Reef Residence
What did unit 704 last sell for?
AED 1,152,000 on 12 May 2016, sold by the developer: AED 749 per sqft for 1,537 sqft. It is the only registered sale of the unit.
What is the rent for unit 704?
AED 130,000 a year on the contract renewed on 20 September 2025. The previous contract, from September 2024, was AED 130,000; the unit has been rented since March 2019.
How big is unit 704?
1,537 sqft (142.8 sqm): a two-bedroom apartment on the 7th floor of a 36-storey tower completed in 2017.
What is unit 704 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 704, Reef Residence
Starts from the last sale price (AED 1.15M, 12 May 2016). Switch to today's estimate once you have unlocked it.- Price
- AED 1,152,000
- Deposit, UAE resident (20%)
- AED 230,400
- Deposit, non-resident (40%)
- AED 460,800
- Monthly over 25 years at 3.7%
- AED 4,713
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →