Reef Residence

A complete view of unit availability, highlighting which units are sold and which are still on the market. Explore detailed unit specifications, pricing ranges, and market benchmarks to make informed buying or investment decisions.

View all projects by Reef Luxury
397
Total Units
386
Sold
AED 600,000
Median Price
AED 910
Median Price /sqft
Construction progress: 100%
Start: Sep, 2014Completion: Nov, 2017

Reef Residence Price Ranges by Unit Size, Compared to Area Prices

BedUnitsSize RangePriceArea Price
Compares the Current Market median price per sqft in the project to the current median price per sqft in the area.

Position vs. Area

Studio186470 sqft - 530 sqftAED 0.5M (1,040 /sqft)AED 1,720 /sqft
-39.73
1 Bed127800 sqft - 1,320 sqftAED 0.8M (970 /sqft)AED 1,430 /sqft
-31.89
2 Beds651,420 sqft - 2,000 sqftAED 1.4M (940 /sqft)AED 1,310 /sqft
-27.84

Current market shows transactions from the past 365 days across both primary and resale sales, while Primary market includes only developer (first sale) transactions.

Property price over months

Median Property Prices Over Time

Available properties

Available properties are units not yet registered with the Dubai Land Department. Availability can change quickly and some units may already be reserved. Click “Check Availability” and we will confirm the latest availability with you.

BedsCategoryFloorSize Balcony
Commercial, B1-STORE 03684 sqftCheck Availability
Commercial, B1-STORE 04513 sqftCheck Availability
Commercial, B2-STORE 01680 sqftCheck Availability
Commercial, B2-STORE 02277 sqftCheck Availability
Commercial, P1-STORE 05624 sqftCheck Availability
Commercial, P1-STORE 061,202 sqftCheck Availability
Commercial, P1-STORE 07151 sqftCheck Availability
Commercial, P2-STORE 10437 sqftCheck Availability
Commercial, P2-STORE 8614 sqftCheck Availability
Commercial, P2-STORE 91,202 sqftCheck Availability
Commercial, P3-STORE 11624 sqftCheck Availability
Commercial, P3-STORE 121,202 sqftCheck Availability

Sold properties

BedsCategorySize BalconyFloorPricePrice /sqftDate
1Apartment886 sqft7.95 sqft 10AED 793,800AED 896 /sqft 03, Aug 2015
1Apartment798 sqft5.1 sqft 10AED 770,880AED 966 /sqft 29, Mar 2016
1Apartment826 sqft3.9 sqft 10AED 715,000AED 866 /sqft 13, Jul 2023
1Apartment925 sqft7.67 sqft 10AED 694,500AED 751 /sqft 12, May 2016
2Apartment1,481 sqft0 sqft 10AED 1,297,569AED 876 /sqft 14, Apr 2016
2Apartment1,537 sqft5.64 sqft 10AED 1,290,240AED 839 /sqft 21, Jun 2017
StudioApartment520 sqft0 sqft 10AED 524,190AED 1,008 /sqft 26, Jun 2016
StudioApartment515 sqft0 sqft 10AED 519,140AED 1,008 /sqft 27, Oct 2015
StudioApartment503 sqft0 sqft 10AED 481,920AED 958 /sqft 29, May 2016
StudioApartment514 sqft0 sqft 10AED 475,000AED 924 /sqft 22, Feb 2024
StudioApartment467 sqft0 sqft 10AED 435,000AED 931 /sqft 11, Jul 2018
StudioApartment529 sqft0 sqft 10AED 400,000AED 756 /sqft 30, Jun 2020
1Apartment826 sqft3.9 sqft 11AED 696,652AED 843 /sqft 03, May 2016
1Apartment925 sqft7.67 sqft 11AED 694,500AED 751 /sqft 12, May 2016
1Apartment886 sqft7.95 sqft 11AED 661,500AED 747 /sqft 12, May 2016

Reef Residence Real Estate Data – FAQ

  • What is the current property supply in Reef Residence?

    Reef Residence has a total residential supply of approximately 107 units. This represents completed and available inventory within the area.

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  • How active is the real estate market in Reef Residence?

    Reef Residence recorded 26 property transactions over the last 12 months, indicating strong market liquidity and high investor activity compared to supply.

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  • What is the average price /sqft in Reef Residence?

    The median transaction price in Reef Residence is AED 1,020 /sqft , based on actual recorded sales transactions, not listing prices.

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  • What rental yield can investors expect in Reef Residence?

    The gross rental yield in Reef Residence is approximately 9%, calculated using median rental income divided by median sale prices for comparable properties.

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  • How much have property prices increased in Reef Residence?

    Property prices in Reef Residence have shown a capital appreciation of 8% year-over-year, based on median price per square foot comparisons between consecutive 12-month periods.

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  • How many off-plan projects are currently in Reef Residence?

    There are currently 0 active off-plan projects in Reef Residence, reflecting strong developer activity and future supply pipeline.

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  • What is the future supply pipeline in Reef Residence?

    The total off-plan pipeline in Reef Residence includes approximately 0 units, which will significantly impact future supply and pricing dynamics.

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  • Is Reef Residence a good area for property investment?

    Reef Residence is considered a high-activity investment zone due to its strong transaction volume, competitive rental yield of around %, and steady capital appreciation. However, the large upcoming supply pipeline should be carefully considered when evaluating long-term price growth.

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  • Are these figures based on listing prices or real transactions?

    All pricing, rental yield, and appreciation figures are based on actual transaction data, not listing prices. This provides a more accurate reflection of true market behavior.

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  • How is capital appreciation calculated?

    Capital appreciation is calculated using the change in median price per square foot between two consecutive 12-month periods. This reflects market trends rather than changes in individual property values.

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  • What does rental yield represent?

    Rental yield represents the annual rental income as a percentage of the property's purchase price. In Reef Residence, this is %, indicating relatively strong income performance compared to global markets.

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