808, Reef Residence
Sold prices and rental history: sold twice, last in May 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 808, Reef Residence
What is 808 worth today?
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Source: Dubai Land Department. Updated 1 December 2024.
Key facts
- Type
- Studio apartment
- Size
- 467 sqft
- Floor
- 8th of 36
- Parking
- P3-30
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 6,600 /yr
- Last sold
- AED 510K · May 2024
- Building
- Reef Residence
About 808, Reef Residence
808 is a studio of 467 sqft on the 8th 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 15 May 2024 for AED 510,000, or AED 1,091 per sqft, 25% above the AED 875 studios in the building were fetching at the time.
It has been rented continuously since 2018 on 5 Ejari contracts. The current contract, signed on 1 December 2024, is AED 40,000 a year: a gross yield of 7.8% on the 2024 price, before the service charge of about AED 6,600 a year.
Sales and rents for 808 over time
808 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 808 sits
All 186 studios →808 last sold in May 2024 at AED 1,091 per sqft, 25% above what studios in Reef Residence were fetching at the time (AED 875). 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. 808's AED 40,000 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 8th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 801 | Studio | 520 sqft | AED 504KAED 503,534 · Apr 2016April 2016 | 48,000 /yr | |
| 802 | Studio | 529 sqft | AED 320KAED 320,000 · Nov 2019November 2019 | 44,000 /yr | |
| 803 | 1-bed | 886 sqft | AED 750KAED 750,000 · Oct 2015October 2015 | 70,000 /yr | |
| 804 | 2-bed | 1,537 sqft | AED 1.32MAED 1,324,880 · Jun 2017June 2017 | ||
| 805 | 1-bed | 925 sqft | AED 815KAED 815,000 · Oct 2024October 2024 | 36,000 /yr | |
| 806 | Studio | 503 sqft | AED 465KAED 465,000 · Mar 2019March 2019 | 38,000 /yr | |
| 807 | Studio | 514 sqft | AED 545KAED 545,000 · Mar 2025March 2025 | 49,000 /yr | |
| 809 | 1-bed | 826 sqft | AED 580KAED 580,000 · Aug 2022August 2022 | 42,000 /yr | |
| 810 | 2-bed | 1,481 sqft | AED 1.23MAED 1,234,800 · Apr 2017April 2017 | 74,000 /yr | |
| 811 | 1-bed | 798 sqft | AED 755KAED 754,820 · Oct 2015October 2015 | 58,800 /yr | |
| 812 | Studio | 515 sqft | AED 509KAED 508,860 · Oct 2015October 2015 | 43,000 /yr |
808, Reef Residence in numbers
- Sold twice: first on 28 October 2015 for AED 453,960, last on 15 May 2024 for AED 510,000 (AED 1,091 per sqft).
- Rented since January 2018 on 5 Ejari contracts. The rent fell from AED 42,000 to AED 23,000 in 2021 and recovered to AED 40,000 by December 2024.
- At AED 40,000 a year the gross yield on the 2024 price is 7.8%, before a service charge of about AED 6,600 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 1 December 2024.
Questions about 808, Reef Residence
What did unit 808 last sell for?
AED 510,000 on 15 May 2024: AED 1,091 per sqft for 467 sqft. The unit has 2 registered sales; the first was AED 453,960 in October 2015.
What is the rent for unit 808?
AED 40,000 a year on the contract signed on 1 December 2024. The previous contract, from June 2022, was AED 32,000; the unit has been rented since January 2018.
How big is unit 808?
467 sqft (43.4 sqm): a studio on the 8th floor of a 36-storey tower completed in 2017.
What is unit 808 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 808, Reef Residence
Starts from the last sale price (AED 510K, 15 May 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 510,000
- Deposit, UAE resident (20%)
- AED 102,000
- Deposit, non-resident (40%)
- AED 204,000
- Monthly over 25 years at 3.7%
- AED 2,087
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →