Unit 406, Reef Residence: what it sold for and what it is worth now

Unit 406 at Reef Residence is a 2 bed of 1,419 sq ft. It last sold for AED 800,000 on 8 Mar 2020. At AED 974 per sq ft, from 4 sales of units ending 06 (same position in the tower), it is worth about AED 1,382,000 today.

Value todayAED 1,382,000AED 1,310,000 to AED 1,492,000
Last saleAED 800,0008 Mar 2020 · Resale
Change since last sale+72.8%Building trend alone: AED 1,445,099
Rent (median asking, 2 bed)AED 124,999Gross yield 9.0%
Bedrooms2 bed
Size1,419 sq ft
Floor4 (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 406

DatePriceSizeAED/sq ftType
8 Mar 2020AED 800,0001,419 sq ft564Resale

Units ending 06 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
34067 Sep 2026AED 515,000503 sq ft1,024Resale
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

Latest 2 bed sales in Reef Residence

UnitDatePriceSizeAED/sq ftType
14041 Sep 2026AED 1,635,0001,537 sq ft1,064Resale
260423 Jul 2026AED 1,580,0001,537 sq ft1,028Resale
5042 Jun 2026AED 1,450,0001,537 sq ft943Resale
29101 Jun 2026AED 2,000,0001,481 sq ft1,350Resale
7101 Jun 2026AED 1,350,0001,481 sq ft912Resale
341020 May 2026AED 1,375,0001,481 sq ft928Resale
71015 Jan 2026AED 1,200,0001,481 sq ft810Resale
291025 Sep 2025AED 1,700,0001,481 sq ft1,148Resale

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 (1,419 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 1,445,099. 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 406 at Reef Residence worth?

About AED 1,382,000 (range AED 1,310,000 to AED 1,492,000), based on AED 974 per sq ft from registered sales up to 8 Sep 2026.

When did unit 406 last sell?

8 Mar 2020, for AED 800,000 (resale). It has 1 registered sale.

What rent can unit 406 make?

A 2 bed in Reef Residence rents for about AED 124,999 a year (median asking rent). That is a gross yield of 9.0% on the estimate.

Sales alert for Reef ResidenceAll sales in Reef Residence

Unit 403 · Unit 503