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Reef Residence in Jumeirah Village Circle - Dubai residental property project

Cap rates, sales prices, rents and deal volumes



Sales prices for completed properties in Reef Residence

RoomsSize, sqmSale price, AED/sqmSale price, AED
Studio4610,189472,500
18410,133852,500
21389,9931,375,000

Rents in Reef Residence

RoomsSize, sqmRent, AED/sqm/yearRent, AED
Studio4788541,680
18188571,559
2140885123,919

The cap rate (rental yield) of investments into Reef Residence project is 8.8% on average.

The price of an apartment in Reef Residence is 10,084 AED/sqm on average.

Price for completed Studio apartment in Reef Residence is 472,500 AED or 10,189 AED/sqm.
Price for completed 1 bedroom apartment in Reef Residence is 852,500 AED or 10,133 AED/sqm.
Price for completed 2 bedroom apartment in Reef Residence is 1,375,000 AED or 9,993 AED/sqm.

Rent in Reef Residence is 9,993 AED/year/sqm on average for long term rent of an apartment.

Rent for Studio apartment in Reef Residence is 41,680 AED or 885 AED/sqm.
Rent for 1 bedroom apartment in Reef Residence is 71,559 AED or 885 AED/sqm.
Rent for 2 bedroom apartment in Reef Residence is 123,919 AED or 885 AED/sqm.

About Reef Residence

'Reef Residence' in 'Jumeirah Village Circle' area project description

Reef Residence is a luxurious residential development located in the heart of Dubai, UAE. The project is part of the larger Reef Downtown development, which is a mixed-use development that includes residential, commercial, and retail components. The development is located in the Jumeirah Beach Residence (JBR) area, which is one of the most desirable locations in Dubai.

The Reef Residence project consists of two towers, both of which are 40 stories high. The towers are connected by a bridge, which is located on the 11th floor. The towers feature a variety of luxurious amenities, including a fully equipped gym, a swimming pool, a sauna, and a Jacuzzi. The development also features a variety of retail outlets, including a supermarket, a pharmacy, and a variety of restaurants and cafes.

The apartments in the Reef Residence project range from studio apartments to three-bedroom apartments. All of the apartments feature modern and luxurious finishes, including marble floors, high ceilings, and large windows. The apartments also feature fully equipped kitchens and bathrooms, as well as balconies with stunning views of the city.

The Reef Residence project also features a variety of amenities and services, including 24-hour security, a concierge service, and valet parking. The development also features a variety of recreational facilities, including a children’s play area, a jogging track, and a basketball court.

The Reef Residence project is located in close proximity to a variety of attractions and amenities, including the Dubai Marina, the Palm Jumeirah, and the Dubai Mall. The development is also located close to a variety of public transportation options, including the Dubai Metro and the Dubai Tram.

Overall, the Reef Residence project is a luxurious residential development located in the heart of Dubai. The development features a variety of luxurious amenities, modern apartments, and a variety of recreational facilities. The development is also located close to a variety of attractions and amenities, making it an ideal location for those looking for a luxurious lifestyle in the heart of Dubai.

Q&A on Reef Residence

What are the advantages of 'Reef Residence' project in Dubai for property buyers? What are the disadvantages?

1. Prime Location: Reef Residence is located in the heart of Dubai Marina, one of the most sought-after areas in Dubai. It is close to major attractions such as the Dubai Marina Mall, Dubai Marina Yacht Club, and the Palm Jumeirah.

2. Luxurious Amenities: Reef Residence offers luxurious amenities such as a swimming pool, gym, spa, and a rooftop terrace.

3. High-Quality Construction: The project is built with high-quality materials and offers a modern design.

4. Affordable Prices: The prices of Reef Residence are very competitive compared to other projects in the area.

5. Flexible Payment Plans: Reef Residence offers flexible payment plans to suit the needs of different buyers.

What projects are better than 'Reef Residence' project in Dubai which are located close by, and why?

1. Five Jumeirah Village:
- Luxury Amenities: Includes a range of high-end amenities such as a spa, multiple swimming pools, and state-of-the-art fitness center.
- Hotel Services: Offers five-star hotel service with residents having access to concierge, housekeeping, and room service.
- Architecture: Cutting-edge cylindrical design with lush vertical landscaping.

2. Belgravia Heights I & II:
- Modern Design: Superior contemporary architecture with attention to detail in both communal and private spaces.
- Community Feel: Strong emphasis on fostering a sense of community with spaces like landscaped gardens, lounge areas, and reading corners.
- Quality Finishes: High-quality finishes and fittings in all apartments.

3. Signature Livings by Green Group:
- Sustainability: First solar-powered residential building in JVC, offering green living solutions.
- Innovative Design: Features like smart home technologies and energy-efficient appliances.
- High-end Amenities: Rooftop infinity pool, well-equipped gym, and beautiful landscaping.

4. Oxford Residence:
- Elegant Design: European standard interior finishing with a focus on elegance and functionality.
- Community Environment: Dedicated social areas including BBQ spaces, rooftop lounges, and kids play area.
- Investment Potential: High rental yields due to strong demand for premium living spaces.

5. Lucky 1 Residence:
- Spacious Layouts: Offers spacious layouts with an emphasis on maximizing living space.
- Leisure Facilities: Features amenities like an infinity pool, fitness center, and a roof-top terrace.
- Smart Home Features: Advanced smart home technology integration for modern living.

6. La Riviera Apartments:
- Exquisite Finishings: High-grade materials and finishing standards throughout the property.
- Wellness Facilities: Comprehensive wellness options including a fitness studio, swimming pools, and sauna facilities.
- Central Location: Prime positioning within JVC with easy access to major landmarks and transport routes.

7. Eaton Place by Ellington:
- Artistic Linear Design: Unique architectural design focusing on linearity and natural light.
- Premium Facilities: Offers a clubhouse, swimming pool, fitness center, and outdoor games area.
- Community Integration: A sense of community through shared spaces and organized seasonal events.

These alternatives provide a blend of sustainability, luxury, community-focused living, and advanced technology, often surpassing Reef Residence in design, amenities, and overall living experience.

What are the closest schools to 'Reef Residence' project in Dubai?

1. JSS International School - Located within Jumeirah Village Circle, approximately a 5-minute drive from Reef Residence.
2. Global Indian International School (GIIS) - Situated in Al Barsha South, around a 10-minute drive from Reef Residence.
3. Nord Anglia International School - Located in Al Barsha, approximately a 15-minute drive from Reef Residence.
4. GEMS United School - Positioned in Dubai Sports City, around a 10-minute drive from Reef Residence.
5. Sunmarke School - Located in Jumeirah Village Triangle, roughly a 10-minute drive from Reef Residence.

What are the closest medical clinics to 'Reef Residence' project in Dubai?

1. Mediclinic Parkview Hospital - Located in Al Barsha South, right off Umm Suqeim Road.
2. Karama Medical Centre - Situated within Jumeirah Village Circle (JVC) itself, making it very accessible.
3. Right Health Karama Medical Centre - Found in the heart of JVC, offering a range of healthcare services.
4. Your Health Clinic JVC - Located in JVC, making it very convenient for residents of Reef Residence.
5. Life Medical Clinic - Positioned in JVC, providing primary healthcare services within the community.




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