Reef Residence — sale prices & transaction history

Reef Residence sale prices by bedroom

Median recorded prices for Reef Residence by bedroom count. Each row is priced on the last 4 months wherever that period holds enough sales, and steps back only as far as it has to — 12 months, then 3 years, then the whole record. The period each row actually covers is named beside it, with the number of sales behind it, so you can see exactly how thin or deep the figure you are reading is. Every row also shows what has traded in the last 4 months, including when that is nothing — set against the full record of 614 recorded apartment transactions. These are the prices buyers actually paid — not asking prices, and not a district average.

A bedroom type with fewer than five recorded transactions keeps its count and loses its median: below that sample a middle value is arithmetic, not a market rate. A median taken across the whole register mixes prices from every year the building has traded, so each row above is priced on the most recent period that clears that threshold. Rows can sum to less than the building total — very large units are held out of the table for the same reason.

Most recent Reef Residence transactions

The newest individual recorded apartment transactions on the register, exactly as recorded. A median is a claim we vouch for; these are facts you can check against the Land Department yourself.

Why below-market resale shows up in Reef Residence

• Rental arithmetic. On a register led by studios, a unit bought as a rental is sold when the rent no longer covers the mortgage and running costs, whatever the market is doing.
• Service-charge sensitivity. In Dubai the service charge is set per building, charged by floor area and due whether or not the unit is let, so a rise or a vacant spell can push a marginal holder toward selling.
• A purchase already agreed elsewhere. An owner who has committed to a next home and needs this sale to fund it works to a completion date, and a buyer who can close quickly has leverage.
• Mortgage exposure. Apartments bought with finance near a price peak tend to be among the first to reach the market when a repayment schedule stops working.

What to check before you offer on Reef Residence

• Check the unit's recorded floor area against the median size on its row. One and two-bedroom sales here come in several layouts, so a row median may describe a different layout from the one you are offered.
• Read the period beside each row before comparing them. The rows here are priced on different windows, so the one-bedroom figure may describe a longer stretch of the market than the studio and two-bedroom figures.
• Ask for the current service charge per square foot and the last two years of it. In Dubai it is set per building and reviewed annually, and a rise of a dirham or two per square foot moves a mid-size flat's running cost by thousands a year.
• Ask which register the unit sits on. A completed home changes hands on the secondary register at the Land Department; a pre-handover unit is an assignment of the original sale contract, needs the developer's no-objection certificate, and carries whatever is left of the payment plan.

Reef Residence — common questions

Why does the Reef Residence table stop at two bedrooms?

Because the Land Department has recorded no apartment sale here above two bedrooms. The table prints a row only for bedroom types that have sold, so it shows studios, one-bedrooms and two-bedrooms.

Is the price data on this page asking prices or actual sales?

Actual sales. Every figure comes from the Dubai Land Department's record of completed transactions — the price recorded when ownership legally changed hands.

Why can rows in this table cover different periods?

Because each row is priced on the most recent period that holds enough of its own sales: the last four months first, then the last twelve months, the last three years or the whole record. Each row names the period it uses, and a row whose sales are too few even over the whole record keeps its count but shows no price.

Can I tell from this data whether a unit is selling below its original price?

No. The Land Department records a developer's first sale and a pre-handover resale under the same code, and the export carries no unit identifier, so an original price cannot be traced to a later sale of the same apartment.

How current is this register?

The page states the date of the most recent recorded sale it holds and recomputes every figure on load. Records arrive in batches, so the newest few days are typically not yet included.