Reef Residence
About Reef Residence
Reef Residence is in District 13, Jumeirah Village Circle, developed by Reef Real Estate Investments.
Completed around 2017. Established 38-storey freehold residential tower containing approximately 378 studio, 1-bedroom and 2-bedroom apartments. Active and well occupied, although finishes are older than newer premium JVC developments.
Amenities
- Very good equipped gym actively used by residents
- two swimming pools
- landscaped leisure deck
- barbecue areas
- children’s play area
- covered parking
- 24-hour security
- high-speed lifts
- spacious studio layouts
- established occupancy
- convenient access toward Sports City and major roads.
Unit Types & Rental Benchmarks
| Type | Size | Asking | Market / Achieved | AED / sqft |
|---|---|---|---|---|
| Studio - Annual Rent (Asking) | 529 sq ft | AED 45,000 | AED 48,900 | AED 85.1/sqft/year |
Rental & Sale Market Notes
Rent trend: Studio rents generally ask AED 40,000-52,000, with DLD transactions averaging approximately AED 48,900. The viewed 529 sqft unit at AED 45,000 represents good rental value. Studio sale asks are approximately AED 550,000-650,000, averaging AED 622,000, versus approximately AED 525,000-540,000 achieved. Typical studio size is approximately 467-529 sqft, with realistic transaction pricing around AED 1,010-1,200/sqft. One-bed sale asks are approximately AED 800,000-1M versus approximately AED 850,000-900,000 achieved, with typical sizes around 802-1,324 sqft. Indicative service charge is approximately AED 12.35/sqft, or AED 6,530 annually for 529 sqft. At AED 45,000 rent against AED 525,000-540,000, gross yield is approximately 8.3-8.6%, or about 7.1-7.3% after indicative service charges before maintenance, vacancy and management. Purchase value is strongest around AED 525,000-550,000 and weakens materially near the AED 620,000 average ask.
Current asking sits approximately -8% below the market/achieved comparable, based on our research.
Figures above combine advertised asking prices with our own estimates and viewing-based assessments where stated. They are not verified transaction data.Things To Know
Older than the newest JVC buildings; some layouts do not include a balcony; 35-floor high-rise atmosphere; competing studio inventory; finishes vary significantly between individual units.
Who It Suits
Good Fit
Renters wanting a spacious established studio, a genuinely strong gym, active residential occupancy and sensible rent; investors able to acquire around AED 525,000-550,000.
Better To Avoid If
Anyone wanting brand-new premium finishes, a low-rise atmosphere, guaranteed balcony space or a purchase near the current AED 620,000 average portal ask.
Find Reef Residence
Reef Residence, District 13, Jumeirah Village Circle, Dubai, UAE
