907, Reef Residence
Sold prices and rental history: sold 3 times, last in November 2024, and rented continuously since 2019. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 907, Reef Residence
What is 907 worth today?
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Source: Dubai Land Department. Updated 19 November 2024.
Key facts
- Type
- Studio apartment
- Size
- 514 sqft
- Floor
- 9th of 36
- Parking
- P3-47
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,300 /yr
- Last sold
- AED 1M · November 2024
- Building
- Reef Residence
About 907, Reef Residence
907 is a studio of 514 sqft on the 9th 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 19 November 2024 for AED 1,000,000, or AED 1,945 per sqft, 91% above the AED 1,017 studios in the building were fetching at the time.
It has been rented continuously since 2019 on 5 Ejari contracts. The current contract, signed on 20 October 2023, is AED 38,000 a year: a gross yield of 3.8% on the 2024 price, before the service charge of about AED 7,300 a year.
Sales and rents for 907 over time
907 has sold 3 times; 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 907 sits
All 186 studios →907 last sold in November 2024 at AED 1,945 per sqft, 91% above what studios in Reef Residence were fetching at the time (AED 1,017). 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. 907's AED 38,000 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 9th floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 901 | Studio | 520 sqft | AED 499KAED 499,000 · Nov 2017November 2017 | 28,000 /yr | |
| 902 | Studio | 529 sqft | AED 400KAED 400,000 · Jul 2023July 2023 | 39,000 /yr | |
| 903 | 1-bed | 886 sqft | AED 850KAED 850,000 · Aug 2023August 2023 | ||
| 904 | 2-bed | 1,537 sqft | AED 1.21MAED 1,213,440 · Aug 2016August 2016 | 125,000 /yr | |
| 905 | 1-bed | 925 sqft | AED 695KAED 694,500 · May 2016May 2016 | 70,000 /yr | |
| 906 | Studio | 503 sqft | AED 477KAED 476,900 · Apr 2016April 2016 | 38,962 /yr | |
| 908 | Studio | 467 sqft | AED 350KAED 350,000 · Jul 2019July 2019 | 50,000 /yr | |
| 909 | 1-bed | 826 sqft | AED 731KAED 730,701 · Oct 2015October 2015 | 70,000 /yr | |
| 910 | 2-bed | 1,481 sqft | AED 1.35MAED 1,350,000 · May 2024May 2024 | 80,040 /yr | |
| 911 | 1-bed | 798 sqft | AED 600KAED 600,000 · Mar 2022March 2022 | 65,000 /yr | |
| 912 | Studio | 515 sqft | AED 499KAED 498,580 · Jun 2016June 2016 | 43,050 /yr |
907, Reef Residence in numbers
- Sold 3 times: first on 17 May 2016 for AED 478,534, last on 19 November 2024 for AED 1,000,000 (AED 1,945 per sqft).
- Rented since April 2019 on 5 Ejari contracts. The rent fell from AED 45,000 to AED 30,000 in 2021 and recovered to AED 38,000 by October 2023.
- At AED 38,000 a year the gross yield on the 2024 price is 3.8%, 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 19 November 2024.
Questions about 907, Reef Residence
What did unit 907 last sell for?
AED 1,000,000 on 19 November 2024: AED 1,945 per sqft for 514 sqft. The unit has 3 registered sales; the first was AED 478,534 in May 2016.
What is the rent for unit 907?
AED 38,000 a year on the contract signed on 20 October 2023. The previous contract, from October 2022, was AED 32,000; the unit has been rented since April 2019.
How big is unit 907?
514 sqft (47.8 sqm): a studio on the 9th floor of a 36-storey tower completed in 2017.
What is unit 907 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 907, Reef Residence
Starts from the last sale price (AED 1M, 19 November 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 1,000,000
- Deposit, UAE resident (20%)
- AED 200,000
- Deposit, non-resident (40%)
- AED 400,000
- Monthly over 25 years at 3.7%
- AED 4,091
Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →