Reef Residence
About Reef Residence
(sq. ft.)
Reef Residence is a 31-story residential complex located in Jumeirah Village Circle, a popular self-contained part of Dubai known for its developed infrastructure and security. The project was developed by Reef Real Estate and was built between 2015 and 2017.
There are a total of 378 residential units including studios and one- to two-bedroom apartments that are available to buy and rent. Studios cover an area of up to 527 sq. ft. and come in six different configurations. One-bedroom apartments cover an area of up to 926 sq. ft., and two-bedroom apartments cover an area of 1,500 sq. ft.
The building provides a variety of amenities, including:
- Two levels of parking (one or two spaces per unit)
- Four high-speed passenger elevators
- Barbecue area
- Equipped gym
- Swimming pools for adults and children
- Landscaped park areas
- 24-hour security and video surveillance
- Fire safety systems
Studios cost approximately AED 400,000 (USD 109,000). One-bedroom apartments cost AED 680,000 (USD 186,000), and two-bedroom apartments have an average price of AED 1,700,000 (USD 464,000).
*The price is valid for 2021
Location
Reef Residence is located near Sheikh Mohammed Bin Zayed Road and Al Khail Road, which provide easy access to other parts of the city. There are three bus stops situated within a five-minute walk of the apartments. For groceries and household goods, residents can shop at Spinneys, West Zone Fresh, and Holiday Minimart, which can also be reached within a five-minute walk.
Residents can choose from a selection of local restaurants and cafes. Desert Wok serves Chinese cuisine and is located within a 10-minute walk of the residences. Marmarita and Lokmat Baladna serve traditional Lebanese cuisine and are also situated within a 10-minute walk.
Residents can take advantage of nearby educational institutions. Kids World Nursery, Ladybird Nursery, JSS International School, Sunmarke School, and Nord Anglia International School can be reached within a five-minute drive of the complex. For medical care, Karama Medical Centre is located within a 10-minute drive.
For leisure activities, residents can go to Dubai Autodrome, Dubai International Stadium, and Dubai Miracle Garden, which are situated within a 15-minute drive of the apartments. Dubai International Airport can be reached within a 30-minute drive.
Payback
Reef Residence predominantly offers residences in the budget segment of the local market. Properties are in demand among tenants and investors. Studios and apartments have a return on investment rate that ranges from 5.6% to 7.2%, which is on average higher than real estate in other parts of Dubai. Given current trends, the estimated payback period on investments ranges from 15 to 17 years.
Similar Projects
Metropolitan Premium Properties
-
[email protected]
-
+971 4 428 6151
-
36th-38th Floor, Al Salam Tecom Tower,
Internet City, Dubai, UAE
Get A Free Consultation
Ready for your new home?Popular Searches in the UAE
Our newsletter
Sign up for our weekly newsletter for market updates!