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Project · Transactions · 2024

Reef Residence Property Transactions 2024

55 property sales worth ⃃ 58.09M were registered in Reef Residence in 2024, 14.6% higher than 2023 by number of sales. The median sale price was ⃃ 800,000 and the median price per square foot ⃃ 952 (+18.8% on 2023).

Period: 1 Jan – 31 Dec 2024Compared with: 2023Sample: 55 salesUpdated: 14 Nov 2026
Property sales
55
+14.6% vs 2023
1 Jan – 31 Dec 2024
Total value
⃃ 58.09M
+68.6% vs 2023
1 Jan – 31 Dec 2024
Median sale price
⃃ 800,000
+35.7% vs 2023
55 sales
Median price per sq ft
⃃ 952
+18.8% vs 2023
55 sales

What types of property sold in Reef Residence in 2024?

1 Jan – 31 Dec 2024

SegmentSalesShare of salesValueMedian pricePer sq ft
Apartments5498.2%⃃ 47.09M⃃ 795,000⃃ 949
Commercial11.8%⃃ 11M⃃ 11,000,000⃃ 1,255

How were 2024 sales split between off-plan, ready, primary and resale?

Primary/resale (who sold) and off-plan/ready (the unit’s state at sale) are separate splits; each pair adds up to the total.

SegmentSalesShare of salesValueMedian pricePer sq ft
Resale (secondary)55100%⃃ 58.09M⃃ 800,000⃃ 952
Ready55100%⃃ 58.09M⃃ 800,000⃃ 952

How many rental contracts were registered in Reef Residence in 2024?

205 rental contracts (new and renewed) were registered in Reef Residence in 2024, at a median annual rent of ⃃ 49,933 (+11.0% on 2023). Rental yields in Reef Residence

What were the most expensive property sales in Reef Residence in 2024?

The ten highest registered sale prices in the year.

DatePropertyTypeSizePriceMarket
26/06/2024Reef ResidenceCommercial8,762 sq ft⃃ 11,000,000Resale · Ready
10/10/2024Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,500,000Resale · Ready
06/08/2024Reef Residence2 beds · Apartment1,537 sq ft⃃ 1,500,000Resale · Ready
31/07/2024Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,450,000Resale · Ready
22/10/2024Reef Residence2 beds · Apartment1,537 sq ft⃃ 1,450,000Resale · Ready
03/05/2024Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,425,000Resale · Ready
24/06/2024Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,410,000Resale · Ready
01/08/2024Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,400,000Resale · Ready
23/05/2024Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,350,000Resale · Ready
16/09/2024Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,350,000Resale · Ready

What were the last registered sales of 2024?

DatePropertyTypeSizePriceMarket
19/12/2024Reef Residence1 bed · Apartment826 sq ft⃃ 760,000Resale · Ready
18/12/2024Reef ResidenceStudio · Apartment467 sq ft⃃ 490,000Resale · Ready
19/11/2024Reef ResidenceStudio · Apartment514 sq ft⃃ 1,000,000Resale · Ready
31/10/2024Reef Residence1 bed · Apartment925 sq ft⃃ 815,000Resale · Ready
25/10/2024Reef ResidenceStudio · Apartment529 sq ft⃃ 570,000Resale · Ready
22/10/2024Reef Residence2 beds · Apartment1,537 sq ft⃃ 1,450,000Resale · Ready
10/10/2024Reef Residence2 beds · Apartment1,481 sq ft⃃ 1,500,000Resale · Ready
07/10/2024Reef ResidenceStudio · Apartment514 sq ft⃃ 500,000Resale · Ready
01/10/2024Reef Residence1 bed · Apartment826 sq ft⃃ 780,000Resale · Ready
30/09/2024Reef ResidenceStudio · Apartment520 sq ft⃃ 550,000Resale · Ready

How these figures are calculated

Sales
Registered sale transactions dated in the year, all property types, primary and resale, off-plan and ready.
Medians
Median sale price and median price per square foot of those sales.
Year-on-year
Changes compare 2024 with the whole of 2023.
Primary vs resale
Primary = sold by the developer; resale = sold by a previous owner. Off-plan/ready describes the unit, not the seller.

Full definitions: DXBinteract methodology · market indicators explained

Source and how to cite

DXBinteract analysis based on Dubai Land Department transaction data.

Data to
(latest registered transaction)
Last updated
— figures refresh hourly from the live dataset
Permanent URL
https://dxbinteract.com/dubai-property-transactions/reef-residence/2024
Reef Residence Property Transactions 2024. DXBinteract, data to 13 Nov 2026. https://dxbinteract.com/dubai-property-transactions/reef-residence/2024

Republishing? Keep the source line “DXBinteract analysis based on Dubai Land Department transaction data.” and link to this page. Attribution guidelines

Frequently asked questions

How many properties were sold in Reef Residence in 2024?
55 property sales worth ⃃ 58,095,000 were registered in Reef Residence in 2024. That is 14.6% higher than 2023.
What was the median property price in Reef Residence in 2024?
The median sale price was ⃃ 800,000 and the median price per square foot ⃃ 952 (1 Jan – 31 Dec 2024).

Last updated · data to 13 Nov 2026 · https://dxbinteract.com/dubai-property-transactions/reef-residence/2024