706, Reef Residence
Sold prices and rental history: sold twice, last in August 2018, 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 706, Reef Residence
What is 706 worth today?
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Source: Dubai Land Department. Updated 31 March 2026.
Key facts
- Type
- Studio apartment
- Size
- 503 sqft
- Floor
- 7th of 36
- Parking
- P3-26
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,100 /yr
- Last sold
- AED 470K · August 2018
- Building
- Reef Residence
About 706, Reef Residence
706 is a studio of 503 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 1 August 2018 for AED 470,000, or AED 935 per sqft, 5% below the AED 981 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 10 Ejari contracts. The current contract, renewed on 31 March 2026, is AED 40,021 a year: a gross yield of 8.5% on the 2018 price, before the service charge of about AED 7,100 a year.
Sales and rents for 706 over time
706 has sold twice; 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 706 sits
All 186 studios →706 last sold in August 2018 at AED 935 per sqft, 5% below what studios in Reef Residence were fetching at the time (AED 981). 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. 706's AED 40,021 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 | |
| 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 | |
| 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 | |
| 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 |
706, Reef Residence in numbers
- Sold twice: first on 27 October 2015 for AED 426,885, last on 1 August 2018 for AED 470,000 (AED 935 per sqft).
- Rented since August 2018 on 10 Ejari contracts. The rent fell from AED 42,000 to AED 30,000 in 2022 and recovered to AED 40,021 by March 2026.
- At AED 40,021 a year the gross yield on the 2018 price is 8.5%, before a service charge of about AED 7,100 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 31 March 2026.
Questions about 706, Reef Residence
What did unit 706 last sell for?
AED 470,000 on 1 August 2018: AED 935 per sqft for 503 sqft. The unit has 2 registered sales; the first was AED 426,885 in October 2015.
What is the rent for unit 706?
AED 40,021 a year on the contract renewed on 31 March 2026. The previous contract, from March 2025, was AED 38,115; the unit has been rented since August 2018.
How big is unit 706?
503 sqft (46.7 sqm): a studio on the 7th floor of a 36-storey tower completed in 2017.
What is unit 706 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 706, Reef Residence
Starts from the last sale price (AED 470K, 1 August 2018). Switch to today's estimate once you have unlocked it.- Price
- AED 470,000
- Deposit, UAE resident (20%)
- AED 94,000
- Deposit, non-resident (40%)
- AED 188,000
- Monthly over 25 years at 3.7%
- AED 1,923
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →