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1-bed · 826 sqftReef Residence, Jumeirah Village Circle (JVC) · 7th floor · completed 2017

709, Reef Residence

Sold prices and rental history: sold twice, last in April 2021, and rented since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 709 · DLD and Ejari recordsUpdated 29 April 2021
Last soldAED 620K29 April 2021
Current rentAED 40K /yr15 August 2020
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 709, Reef Residence

What is 709 worth today?

Last sold for AED 620,000 in 2021

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29 Apr 2021SoldReady
AED 620,000AED 750 per sqft
15 Aug 2020RentedNew contract
AED 40,000/yr12 months · AED 48 per sqft
1 Mar 2019RentedNew contract
AED 50,000/yr12 months · AED 60 per sqft
27 Oct 2015Sold by developerOff-plan
AED 712,275AED 862 per sqft

Source: Dubai Land Department. Updated 29 April 2021.

Key facts

Type
1-bed apartment
Size
826 sqft
Floor
7th of 36
Parking
P3-73
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 11,700 /yr
Last sold
AED 620K · April 2021
Building
Reef Residence

About 709, Reef Residence

709 is a one-bedroom apartment of 826 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 29 April 2021 for AED 620,000, or AED 750 per sqft, 20% above the AED 626 one-beds in the building were fetching at the time.

It has been rented since 2019 on 2 Ejari contracts. The current contract, signed on 15 August 2020, is AED 40,000 a year: a gross yield of 6.5% on the 2021 price, before the service charge of about AED 11,700 a year.

Sales and rents for 709 over time

Sales
Unit 709, each saleTypical one-bed in Reef Residence
400K600K800K20152018202120242027Typical sale price by year: 2015 AED 727,858; 2016 AED 697,394; 2017 AED 837,517; 2018 AED 687,500; 2019 AED 675,000; 2020 AED 466,500; 2021 AED 500,000; 2022 AED 580,000; 2023 AED 700,000; 2024 AED 802,500; 2025 AED 850,000; 2026 AED 880,000Sold by developer, October 2015: AED 712,275 (AED 862 per sqft)Sold, April 2021: AED 620,000 (AED 750 per sqft)

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

Rents
Unit 709, each contractTypical one-bed in Reef Residence
40K60K2018202120242027Typical rent by year: 2018 AED 60,000; 2019 AED 55,000; 2020 AED 45,000; 2021 AED 40,000; 2022 AED 45,000; 2023 AED 50,000; 2024 AED 67,818; 2025 AED 70,000; 2026 AED 70,000New contract, March 2019: AED 50,000 a yearNew contract, August 2020: AED 40,000 a year

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 709 sits

All 127 1-beds →

709 last sold in April 2021 at AED 750 per sqft, 20% above what one-beds in Reef Residence were fetching at the time (AED 626). 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. 709's AED 40,000 is at the bottom of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
8 Sep 2026840,000
16 Jul 202626,488
8 Jul 2026995,000
15 May 2026810,000
8 1-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 7th floor

All 378 units in Reef Residence
Value
701StudioAED 501K · Oct 2015
702StudioAED 509K · Oct 2015
7031-bedAED 26K · Jul 2026
7042-bedAED 1.15M · May 2016
7051-bedAED 880K · Feb 2026
706StudioAED 470K · Aug 2018
707StudioAED 317K · Sep 2020
1–7 of 11

709, Reef Residence in numbers

  • Sold twice: first on 27 October 2015 for AED 712,275, last on 29 April 2021 for AED 620,000 (AED 750 per sqft).
  • Rented since March 2019 on 2 Ejari contracts, from AED 50,000 to AED 40,000 a year.
  • At AED 40,000 a year the gross yield on the 2021 price is 6.5%, before a service charge of about AED 11,700 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 29 April 2021.

Questions about 709, Reef Residence

What did unit 709 last sell for?

AED 620,000 on 29 April 2021: AED 750 per sqft for 826 sqft. The unit has 2 registered sales; the first was AED 712,275 in October 2015.

What is the rent for unit 709?

AED 40,000 a year on the contract signed on 15 August 2020. The previous contract, from March 2019, was AED 50,000.

How big is unit 709?

826 sqft (76.7 sqm): a one-bedroom apartment on the 7th floor of a 36-storey tower completed in 2017.

What is unit 709 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 709, Reef Residence

Starts from the last sale price (AED 620K, 29 April 2021). Switch to today's estimate once you have unlocked it.
Price
AED 620,000
Deposit, UAE resident (20%)
AED 124,000
Deposit, non-resident (40%)
AED 248,000
Monthly over 25 years at 3.7%
AED 2,537

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