711, Reef Residence
Sold prices and rental history: sold twice, last in July 2024, and rented once, from November 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 711, Reef Residence
What is 711 worth today?
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Source: Dubai Land Department. Updated 3 November 2024.
Key facts
- Type
- 1-bed apartment
- Size
- 798 sqft
- Floor
- 7th of 36
- Parking
- P3-74
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 11,300 /yr
- Last sold
- AED 745K · July 2024
- Building
- Reef Residence
About 711, Reef Residence
711 is a one-bedroom apartment of 798 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 July 2024 for AED 745,000, or AED 933 per sqft, 6% above the AED 879 one-beds in the building were fetching at the time.
One Ejari contract is registered, from 3 November 2024. The current contract, signed on 3 November 2024, is AED 60,000 a year: a gross yield of 8.1% on the 2024 price, before the service charge of about AED 11,300 a year.
Sales and rents for 711 over time
711 has sold twice; 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 711 sits
All 127 1-beds →711 last sold in July 2024 at AED 933 per sqft, 6% above what one-beds in Reef Residence were fetching at the time (AED 879). 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. 711's AED 60,000 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 | ||
| 16 Jul 202616 July 2026 | 886 sqft | 26,488 | 29 | ||
| 8 Jul 20268 July 2026 | 826 sqft | 995,000 | 1,205 | ||
| 15 May 202615 May 2026 | 798 sqft | 810,000 | 1,015 |
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 | |
| 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 | |
| 712 | Studio | 515 sqft | AED 540KAED 540,000 · Sep 2024September 2024 | 58,000 /yr |
711, Reef Residence in numbers
- Sold twice: first on 27 October 2015 for AED 725,523, last on 1 July 2024 for AED 745,000 (AED 933 per sqft).
- Rented since November 2024 on one Ejari contract, at AED 60,000 a year.
- At AED 60,000 a year the gross yield on the 2024 price is 8.1%, before a service charge of about AED 11,300 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 3 November 2024.
Questions about 711, Reef Residence
What did unit 711 last sell for?
AED 745,000 on 1 July 2024: AED 933 per sqft for 798 sqft. The unit has 2 registered sales; the first was AED 725,523 in October 2015.
What is the rent for unit 711?
AED 60,000 a year on the contract signed on 3 November 2024.
How big is unit 711?
798 sqft (74.1 sqm): a one-bedroom apartment on the 7th floor of a 36-storey tower completed in 2017.
What is unit 711 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 711, Reef Residence
Starts from the last sale price (AED 745K, 1 July 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 745,000
- Deposit, UAE resident (20%)
- AED 149,000
- Deposit, non-resident (40%)
- AED 298,000
- Monthly over 25 years at 3.7%
- AED 3,048
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →