Unit 1402, Reef Residence: what it sold for and what it is worth now

Unit 1402 at Reef Residence is a studio of 529 sq ft. It last sold for AED 500,000 on 16 Oct 2025. At AED 1,078 per sq ft, from 5 sales of units ending 02 (same position in the tower), it is worth about AED 570,000 today.

Value todayAED 570,000AED 550,000 to AED 595,000
Last saleAED 500,00016 Oct 2025 · Resale
Change since last sale+14.0%Building trend alone: AED 503,387
Rent (median asking, studio)AED 46,999Gross yield 8.2%
Bedroomsstudio
Size529 sq ft
Floor14 (from the unit number)
Position in the towerStack 02: units ending 02 share the same layout and view
BuildingReef Residence by Reef Real Estate Investment Co., handed over 2017
Registered sales of this unit1

Every registered sale of unit 1402

DatePriceSizeAED/sq ftType
16 Oct 2025AED 500,000529 sq ft945Resale

Units ending 02 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
16029 Jan 2026AED 595,000529 sq ft1,125Resale
250213 Jun 2025AED 600,000529 sq ft1,134Resale
310210 Feb 2025AED 550,000529 sq ft1,040Resale
320225 Oct 2024AED 570,000529 sq ft1,078Resale
210223 May 2024AED 400,000529 sq ft756Resale
240228 Feb 2024AED 500,000529 sq ft945Resale
290227 Nov 2023AED 410,000529 sq ft775Resale
130218 Oct 2023AED 520,000529 sq ft983Resale

Latest studio sales in Reef Residence

UnitDatePriceSizeAED/sq ftType
34067 Sep 2026AED 515,000503 sq ft1,024Resale
19019 Jul 2026AED 540,000520 sq ft1,038Resale
210723 Jun 2026AED 525,000514 sq ft1,021Resale
330814 May 2026AED 540,000467 sq ft1,156Resale
340713 May 2026AED 535,000514 sq ft1,041Resale
180827 Feb 2026AED 560,000467 sq ft1,199Resale
16029 Jan 2026AED 595,000529 sq ft1,125Resale
6124 Nov 2025AED 600,000515 sq ft1,165Resale

How we worked out the value

We took the 5 resale sales of units ending 02 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,078). We multiplied it by the size of this unit (529 sq ft). The range uses the middle half of those sales (AED 1,040 to AED 1,125 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 503,387. Floor, view, condition and upgrades can move the price either way. Sales data to 8 Sep 2026, from the Dubai Land Department register.

Questions

What is unit 1402 at Reef Residence worth?

About AED 570,000 (range AED 550,000 to AED 595,000), based on AED 1,078 per sq ft from registered sales up to 8 Sep 2026.

When did unit 1402 last sell?

16 Oct 2025, for AED 500,000 (resale). It has 1 registered sale.

What rent can unit 1402 make?

A studio in Reef Residence rents for about AED 46,999 a year (median asking rent). That is a gross yield of 8.2% on the estimate.

Sales alert for Reef ResidenceAll sales in Reef Residence

Unit 1401 · Unit 1404