Unit 3406, Reef Residence: what it sold for and what it is worth now

Unit 3406 at Reef Residence is a studio of 503 sq ft. It last sold for AED 515,000 on 7 Sep 2026. At AED 974 per sq ft, from 4 sales of units ending 06 (same position in the tower), it is worth about AED 490,000 today.

Value todayAED 490,000AED 464,000 to AED 529,000
Last saleAED 515,0007 Sep 2026 · Resale
Change since last sale-4.9%Building trend alone: AED 512,733
Rent (median asking, studio)AED 46,999Gross yield 9.6%
Bedroomsstudio
Size503 sq ft
Floor34 (from the unit number)
Position in the towerStack 06: units ending 06 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 3406

DatePriceSizeAED/sq ftType
7 Sep 2026AED 515,000503 sq ft1,024Resale

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
210622 Aug 2025AED 464,435503 sq ft923Resale
220622 Aug 2025AED 464,371503 sq ft923Resale
19067 Feb 2025AED 570,000503 sq ft1,133Resale
270631 May 2024AED 510,000503 sq ft1,014Resale
290615 Mar 2023AED 370,000503 sq ft736Resale
24069 Feb 2022AED 350,000503 sq ft696Resale
4068 Mar 2020AED 800,0001,419 sq ft564Resale

Latest studio sales in Reef Residence

UnitDatePriceSizeAED/sq ftType
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
140216 Oct 2025AED 500,000529 sq ft945Resale

How we worked out the value

We took the 4 resale sales of units ending 06 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 974). We multiplied it by the size of this unit (503 sq ft). The range uses the middle half of those sales (AED 923 to AED 1,051 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 512,733. 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 3406 at Reef Residence worth?

About AED 490,000 (range AED 464,000 to AED 529,000), based on AED 974 per sq ft from registered sales up to 8 Sep 2026.

When did unit 3406 last sell?

7 Sep 2026, for AED 515,000 (resale). It has 1 registered sale.

What rent can unit 3406 make?

A studio in Reef Residence rents for about AED 46,999 a year (median asking rent). That is a gross yield of 9.6% on the estimate.

Sales alert for Reef ResidenceAll sales in Reef Residence

Unit 3405 · Unit 3407