Studio · 515 sqftReef Residence, Jumeirah Village Circle (JVC) · 9th floor · completed 2017

912, Reef Residence

Sold prices and rental history: sold once, by the developer in June 2016, and rented continuously since 2018. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 912 · DLD and Ejari recordsUpdated 1 January 2025
Last soldAED 499K28 June 2016
Current rentAED 43K /yr1 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 912, Reef Residence

What is 912 worth today?

Last sold for AED 498,580 in 2016

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1 Jan 2025RentedNew contract
AED 43,050/yr12 months · AED 83 per sqft
1 Jan 2023RentedNew contract
AED 37,000/yr12 months · AED 72 per sqft
5 Dec 2021RentedNew contract
AED 29,000/yr12 months · AED 56 per sqft
7 Feb 2019RentedNew contract
AED 41,000/yr12 months · AED 79 per sqft
10 Jan 2018RentedNew contract
AED 43,000/yr12 months · AED 83 per sqft
28 Jun 2016Sold by developerOff-plan
AED 498,580AED 968 per sqft

Source: Dubai Land Department. Updated 1 January 2025.

Key facts

Type
Studio apartment
Size
515 sqft
Floor
9th of 36
Parking
P3-49
Developer
Sama Alkhaleej Real Estate Development Co
Completed
2017
Service charge
AED 7,300 /yr
Last sold
AED 499K · June 2016

About 912, Reef Residence

912 is a studio of 515 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. The developer sold it on 28 June 2016 for AED 498,580, or AED 968 per sqft, in line with the AED 968 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 January 2025, is AED 43,050 a year: a gross yield of 8.6% on the 2016 price, before the service charge of about AED 7,300 a year.

Sales and rents for 912 over time

Sales
Unit 912, each saleTypical studio in Reef Residence
400K20152018202120242027Typical sale price by year: 2015 AED 472,880; 2016 AED 521,995; 2017 AED 540,540; 2018 AED 483,160; 2019 AED 350,000; 2020 AED 340,000; 2021 AED 321,250; 2022 AED 375,000; 2023 AED 401,000; 2024 AED 530,000; 2025 AED 548,750; 2026 AED 540,000Sold by developer, June 2016: AED 498,580 (AED 968 per sqft)

912 has sold once; the dashed line is the studio median of each year in the building.

Rents
Unit 912, each contractTypical studio in Reef Residence
30K40K50K2018202120242027Typical rent by year: 2018 AED 40,000; 2019 AED 38,000; 2020 AED 30,000; 2021 AED 25,000; 2022 AED 30,000; 2023 AED 36,000; 2024 AED 44,000; 2025 AED 46,452; 2026 AED 45,000New contract, January 2018: AED 43,000 a yearNew contract, February 2019: AED 41,000 a yearNew contract, December 2021: AED 29,000 a yearNew contract, January 2023: AED 37,000 a yearNew contract, January 2025: AED 43,050 a year

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 912 sits

All 186 studios →

912 last sold in June 2016 at AED 968 per sqft, in line with what studios in Reef Residence were fetching at the time (AED 968). 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. 912's AED 43,050 is in the lower half of that range.

Recent studio salesUnit no.Price (AED)Summary
7 Sep 2026515,000
9 Jul 2026540,000
23 Jun 2026525,000
14 May 2026540,000
7 studio 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 9th floor

All 378 units in Reef Residence
Value
901StudioAED 499K · Nov 2017
902StudioAED 400K · Jul 2023
9031-bedAED 850K · Aug 2023
9042-bedAED 1.21M · Aug 2016
9051-bedAED 695K · May 2016
906StudioAED 477K · Apr 2016
907StudioAED 1M · Nov 2024
1–7 of 11

912, Reef Residence in numbers

  • Sold once: by Sama Alkhaleej Real Estate Development Co on 28 June 2016 for AED 498,580, or AED 968 per sqft.
  • Rented since January 2018 on 5 Ejari contracts. The rent fell from AED 43,000 to AED 29,000 in 2021 and recovered to AED 43,050 by January 2025.
  • At AED 43,050 a year the gross yield on the 2016 price is 8.6%, 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 1 January 2025.

Questions about 912, Reef Residence

What did unit 912 last sell for?

AED 498,580 on 28 June 2016, sold by the developer: AED 968 per sqft for 515 sqft. It is the only registered sale of the unit.

What is the rent for unit 912?

AED 43,050 a year on the contract signed on 1 January 2025. The previous contract, from January 2023, was AED 37,000; the unit has been rented since January 2018.

How big is unit 912?

515 sqft (47.8 sqm): a studio on the 9th floor of a 36-storey tower completed in 2017.

What is unit 912 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 912, Reef Residence

Starts from the last sale price (AED 499K, 28 June 2016). Switch to today's estimate once you have unlocked it.
Price
AED 498,580
Deposit, UAE resident (20%)
AED 99,716
Deposit, non-resident (40%)
AED 199,432
Monthly over 25 years at 3.7%
AED 2,040

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