2201, Reef Residence
Sold prices and rental history: sold 3 times, last in March 2024, and rented since 2020. Every registered sale and contract is below; today's estimate is free after a one-time verification.
Property timeline for 2201, Reef Residence
What is 2201 worth today?
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Source: YallaValue analysis of Dubai Land Department records. Updated 21 March 2024.
Key facts
- Type
- Studio apartment
- Size
- 520 sqft
- Floor
- 22nd of 36
- Parking
- B2-40
- Developer
- Sama Alkhaleej Real Estate Development Co
- Completed
- 2017
- Service charge
- AED 7,400 /yr
- Last sold
- AED 560K · March 2024
- Building
- Reef Residence
About 2201, Reef Residence
2201 is a studio of 520 sqft on the 22nd 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 21 March 2024 for AED 560,000, or AED 1,077 per sqft, 26% above the AED 855 studios in the building were fetching at the time.
It has been rented since 2020 on 3 Ejari contracts. The current contract, renewed on 7 September 2022, is AED 27,569 a year: a gross yield of 4.9% on the 2024 price, before the service charge of about AED 7,400 a year.
Sales and rents for 2201 over time
2201 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 2201 sits
All 177 studios →2201 last sold in March 2024 at AED 1,077 per sqft, 26% above what studios in Reef Residence were fetching at the time (AED 855). Over the last 12 months studios sold for AED 595,000, around AED 1,125 per sqft, and rent for AED 31,500 to 75,600 a year. 2201's AED 27,569 is at the bottom of that range.
| Recent studio sales | Unit no. | Size | Price (AED) | Per sqft | Summary |
|---|---|---|---|---|---|
| 9 Jan 20269 January 2026 | 529 sqft | 595,000 | 1,125 | ||
| 10 Jul 202510 July 2025 | 514 sqft | 570,000 | 1,108 | ||
| 18 Jun 202518 June 2025 | 514 sqft | 565,000 | 1,099 | ||
| 13 Jun 202513 June 2025 | 529 sqft | 600,000 | 1,135 |
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. 6 sold in the last 12 months.
- Typical price per sqft
- AED 970
- Typical sale
- AED 880K
- Typical rent
- AED 58K /yr
- Typical yield
- 8.9%
Other units on the 22nd floor
All 378 units in Reef Residence| ValueToday's value | |||||
|---|---|---|---|---|---|
| 2202 | Studio | 529 sqft | AED 400KAED 400,000 · Sep 2023September 2023 | 25,000 /yr | |
| 2203 | 1-bed | 886 sqft | AED 662KAED 661,500 · May 2016May 2016 | 70,000 /yr | |
| 2204 | 2-bed | 1,537 sqft | AED 900KAED 900,000 · Feb 2022February 2022 | 130,000 /yr | |
| 2205 | 1-bed | 925 sqft | AED 781KAED 781,322 · Sep 2016September 2016 | 35,903 /yr | |
| 2206 | 503 sqft | AED 464KAED 464,371 · Aug 2025August 2025 | 47,000 /yr | ||
| 2207 | 514 sqft | AED 475KAED 474,702 · Aug 2025August 2025 | 40,000 /yr | ||
| 2208 | Studio | 467 sqft | AED 515KAED 514,800 · Jan 2016January 2016 | 34,000 /yr | |
| 2209 | 1-bed | 826 sqft | AED 628KAED 627,750 · May 2016May 2016 | 70,000 /yr | |
| 2210 | 2-bed | 1,481 sqft | AED 1.45MAED 1,450,000 · Jul 2024July 2024 | 120,000 /yr | |
| 2211 | 1-bed | 798 sqft | AED 602KAED 602,250 · May 2016May 2016 | 72,000 /yr | |
| 2212 | Studio | 515 sqft | AED 538KAED 537,871 · Aug 2016August 2016 | 38,115 /yr |
2201, Reef Residence in numbers
- Sold 3 times: first on 23 March 2016 for AED 575,467, last on 21 March 2024 for AED 560,000 (AED 1,077 per sqft).
- Rented since March 2020 on 3 Ejari contracts. The rent fell from AED 32,000 to AED 24,000 in 2021 and recovered to AED 27,569 by September 2022.
- At AED 27,569 a year the gross yield on the 2024 price is 4.9%, before a service charge of about AED 7,400 a year (AED 14.20 per sqft).
- Studios in Reef Residence sold for AED 595,000–595,000 in the 12 months to November 2026; the building's median across all types is AED 970 per sqft.
Source: YallaValue analysis of Dubai Land Department records. Updated 21 March 2024.
Questions about 2201, Reef Residence
What did unit 2201 last sell for?
AED 560,000 on 21 March 2024: AED 1,077 per sqft for 520 sqft. The unit has 3 registered sales; the first was AED 575,467 in March 2016.
What is the rent for unit 2201?
AED 27,569 a year on the contract renewed on 7 September 2022. The previous contract, from September 2021, was AED 24,000; the unit has been rented since March 2020.
How big is unit 2201?
520 sqft (48.3 sqm): a studio on the 22nd floor of a 36-storey tower completed in 2017.
What is unit 2201 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 595,000 to 595,000 in the last 12 months, around AED 1,125 per sqft.
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Mortgage on 2201, Reef Residence
Starts from the last sale price (AED 560K, 21 March 2024). Switch to today's estimate once you have unlocked it.- Price
- AED 560,000
- Deposit, UAE resident (20%)
- AED 112,000
- Deposit, non-resident (40%)
- AED 224,000
- Monthly over 25 years at 3.7%
- AED 2,291
Plus AED 28,530 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →