712, Reef Residence
Sold prices and rental history: sold twice, last in September 2024, 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 712, Reef Residence
What is 712 worth today?
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Source: Dubai Land Department. Updated 23 September 2025.
Key facts
- Type
- Studio apartment
- Size
- 515 sqft
- Floor
- 7th of 36
- Parking
- P3-27
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 540K · September 2024
- Building
- Reef Residence
About 712, Reef Residence
712 is a studio of 515 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 20 September 2024 for AED 540,000, or AED 1,048 per sqft, 11% above the AED 945 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 6 Ejari contracts. The current contract, signed on 23 September 2025, is AED 58,000 a year: a gross yield of 10.7% on the 2024 price, before the service charge of about AED 7,300 a year.
Sales and rents for 712 over time
712 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 712 sits
All 186 studios →712 last sold in September 2024 at AED 1,048 per sqft, 11% above what studios in Reef Residence were fetching at the time (AED 945). 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. 712's AED 58,000 is in the upper 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 | |
| 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, Reef Residence in numbers
- Sold twice: first on 11 October 2015 for AED 496,225, last on 20 September 2024 for AED 540,000 (AED 1,048 per sqft).
- Rented since July 2018 on 6 Ejari contracts. The rent fell from AED 39,000 to AED 24,000 in 2021 and recovered to AED 58,000 by September 2025.
- At AED 58,000 a year the gross yield on the 2024 price is 10.7%, before a service charge of about AED 7,300 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 23 September 2025.
Questions about 712, Reef Residence
What did unit 712 last sell for?
AED 540,000 on 20 September 2024: AED 1,048 per sqft for 515 sqft. The unit has 2 registered sales; the first was AED 496,225 in October 2015.
What is the rent for unit 712?
AED 58,000 a year on the contract signed on 23 September 2025. The previous contract, from November 2024, was AED 45,000; the unit has been rented since July 2018.
How big is unit 712?
515 sqft (47.8 sqm): a studio on the 7th floor of a 36-storey tower completed in 2017.
What is unit 712 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 712, Reef Residence
Starts from the last sale price (AED 540K, 20 September 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 540,000
- Deposit, UAE resident (20%)
- AED 108,000
- Deposit, non-resident (40%)
- AED 216,000
- Monthly over 25 years at 3.7%
- AED 2,209
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →