Unit 808, Reef Residence: what it sold for and what it is worth now

Unit 808 at Reef Residence is a studio of 467 sq ft. It last sold for AED 510,000 on 15 May 2024. At AED 1,164 per sq ft, from 6 sales of units ending 08 (same position in the tower), it is worth about AED 544,000 today.

Value todayAED 544,000AED 536,000 to AED 557,000
Last saleAED 510,00015 May 2024 · Resale
Change since last sale+6.7%Building trend alone: AED 551,902
Rent (median asking, studio)AED 46,999Gross yield 8.6%
Bedroomsstudio
Size467 sq ft
Floor8 (from the unit number)
Position in the towerStack 08: units ending 08 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 808

DatePriceSizeAED/sq ftType
15 May 2024AED 510,000467 sq ft1,092Resale

Units ending 08 (same position, other floors)

UnitDatePriceSizeAED/sq ftType
330814 May 2026AED 540,000467 sq ft1,156Resale
180827 Feb 2026AED 560,000467 sq ft1,199Resale
60817 Sep 2025AED 560,000467 sq ft1,199Resale
130826 Feb 2025AED 547,500467 sq ft1,172Resale
280820 Jan 2025AED 535,000467 sq ft1,146Resale
170818 Dec 2024AED 490,000467 sq ft1,049Resale
50811 Jul 2024AED 560,000467 sq ft1,199Resale
13086 May 2024AED 420,000467 sq ft899Resale

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 6 resale sales of units ending 08 in the last 24 months, worked out the price per sq ft of each, and used the middle value (AED 1,164). We multiplied it by the size of this unit (467 sq ft). The range uses the middle half of those sales (AED 1,148 to AED 1,192 per sq ft). As a check, the last sale moved by the building's own price change since then gives AED 551,902. 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 808 at Reef Residence worth?

About AED 544,000 (range AED 536,000 to AED 557,000), based on AED 1,164 per sq ft from registered sales up to 8 Sep 2026.

When did unit 808 last sell?

15 May 2024, for AED 510,000 (resale). It has 1 registered sale.

What rent can unit 808 make?

A studio in Reef Residence rents for about AED 46,999 a year (median asking rent). That is a gross yield of 8.6% on the estimate.

Sales alert for Reef ResidenceAll sales in Reef Residence

Unit 807 · Unit 809