Unit 1705, Reef Residence: what it sold for and what it is worth now

Unit 1705 at Reef Residence is a 1 bed of 925 sq ft. It last sold for AED 600,000 on 17 Nov 2022. At AED 919 per sq ft, from 5 sales of units ending 05 (same position in the tower), it is worth about AED 850,000 today.

Value todayAED 850,000AED 850,000 to AED 880,000
Last saleAED 600,00017 Nov 2022 · Resale
Change since last sale+41.7%Building trend alone: AED 829,555
Rent (median asking, 1 bed)AED 65,000Gross yield 7.6%
Bedrooms1 bed
Size925 sq ft
Floor17 (from the unit number)
Position in the towerStack 05: units ending 05 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 1705

DatePriceSizeAED/sq ftType
17 Nov 2022AED 600,000925 sq ft649Resale

Units ending 05 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
70512 Feb 2026AED 880,000925 sq ft951Resale
270511 Jun 2025AED 980,000925 sq ft1,059Resale
130529 Apr 2025AED 850,000925 sq ft919Resale
120524 Mar 2025AED 850,000925 sq ft919Resale
80531 Oct 2024AED 815,000925 sq ft881Resale
180530 Jul 2024AED 850,000925 sq ft919Resale
280522 May 2024AED 855,000925 sq ft924Resale
80525 Apr 2024AED 600,000925 sq ft649Resale

Latest 1 bed sales in Reef Residence

UnitDatePriceSizeAED/sq ftType
32038 Sep 2026AED 840,000886 sq ft948Resale
35098 Jul 2026AED 995,000826 sq ft1,205Resale
191115 May 2026AED 810,000798 sq ft1,015Resale
70512 Feb 2026AED 880,000925 sq ft951Resale
200329 Jan 2026AED 900,000886 sq ft1,016Resale
130318 Nov 2025AED 860,000886 sq ft971Resale
190924 Oct 2025AED 443,621826 sq ft537Resale
240321 Jul 2025AED 850,000886 sq ft959Resale

How we worked out the value

We took the 5 resale sales of units ending 05 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 919). We multiplied it by the size of this unit (925 sq ft). The range uses the middle half of those sales (AED 919 to AED 951 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 829,555. 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 1705 at Reef Residence worth?

About AED 850,000 (range AED 850,000 to AED 880,000), based on AED 919 per sq ft from registered sales up to 8 Sep 2026.

When did unit 1705 last sell?

17 Nov 2022, for AED 600,000 (resale). It has 1 registered sale.

What rent can unit 1705 make?

A 1 bed in Reef Residence rents for about AED 65,000 a year (median asking rent). That is a gross yield of 7.6% on the estimate.

Sales alert for Reef ResidenceAll sales in Reef Residence

Unit 1702 · Unit 1708