1-bed · 466 sqftReva Residences, Business Bay · 23rd floor · completed 2022

2314, Reva Residences

Sold prices and rental history: sold twice, last in August 2021, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2314 · DLD and Ejari recordsUpdated 22 February 2024
Last soldAED 621K30 August 2021
Current rentAED 78K /yr22 February 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2314, Reva Residences

What is 2314 worth today?

Last sold for AED 621,287 in 2021

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22 Feb 2024RentedNew contract
AED 78,000/yr12 months · AED 169 per sqft
18 Feb 2023RentedNew contract
AED 78,000/yr12 months · AED 169 per sqft
1 Oct 2022RentedNew contract
AED 75,000/yr12 months · AED 162 per sqft
30 Aug 2021SoldOff-plan
AED 621,287AED 1,332 per sqft
5 Sep 2019Sold by developerOff-plan
AED 851,000AED 1,825 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 22 February 2024.

Key facts

Type
1-bed apartment
Size
466 sqft
Floor
23rd of 27
Parking
P2-26
Developer
DAMAC
Completed
2022
Service charge
AED 11,500 /yr
Last sold
AED 621K · August 2021

About 2314, Reva Residences

2314 is a one-bedroom apartment of 466 sqft on the 23rd floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 30 August 2021 for AED 621,287, or AED 1,332 per sqft, 20% below the AED 1,669 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 22 February 2024, is AED 78,000 a year: a gross yield of 12.6% on the 2021 price, before the service charge of about AED 11,500 a year.

Sales and rents for 2314 over time

Sales
Unit 2314, each saleTypical one-bed in Reva Residences
600K800K1M20182020202220242026Typical sale price by year: 2018 AED 800,000; 2019 AED 813,000; 2020 AED 860,000; 2021 AED 792,000; 2022 AED 858,500; 2023 AED 850,000; 2024 AED 1,000,000; 2025 AED 1,020,000Sold by developer, September 2019: AED 851,000 (AED 1,825 per sqft)Sold, August 2021: AED 621,287 (AED 1,332 per sqft)

2314 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2314, each contractTypical one-bed in Reva Residences
70K80K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 80,000New contract, October 2022: AED 75,000 a yearNew contract, February 2023: AED 78,000 a yearNew contract, February 2024: AED 78,000 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Reva Residences, and where 2314 sits

All 449 1-beds →

2314 last sold in August 2021 at AED 1,332 per sqft, 20% below what one-beds in Reva Residences were fetching at the time (AED 1,669). Over the last 12 months one-beds sold for AED 480,000 to 1,150,000, around AED 2,147 per sqft, and rent for AED 51,975 to 115,500 a year. 2314's AED 78,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Jan 20261,020,000
25 Dec 20251,090,000
23 Dec 20251,080,000
16 Dec 2025480,000
11 1-bed sales in the last 12 months

Reva Residences

Building

600 apartments, 1-bed to 2-bed over 27 floors in Business Bay, completed in 2022 by DAMAC. 18 sold in the last 12 months.

Typical price per sqft
AED 1,952 Down 8.0%
Typical sale
AED 1.05M
Typical rent
AED 80K /yr
Typical yield
8.2%
Reva Residences, Business Bay: prices, sales and rents →

Other units on the 23rd floor

All 600 units in Reva Residences
Value
23011-bedAED 827K · Feb 2019
23021-bedAED 792K · Nov 2022
23032-bedAED 1.7M · Jan 2025
23042-bedAED 1.33M · Sep 2019
23051-bedAED 925K · Sep 2023
23061-bedAED 867K · May 2019
23071-bedAED 830K · Dec 2018
1–7 of 22

2314, Reva Residences in numbers

  • Sold twice: first on 5 September 2019 for AED 851,000, last on 30 August 2021 for AED 621,287 (AED 1,332 per sqft).
  • Rented since October 2022 on 3 Ejari contracts, from AED 75,000 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2021 price is 12.6%, before a service charge of about AED 11,500 a year (AED 24.73 per sqft).
  • One-beds in Reva Residences sold for AED 480,000–1,150,000 in the 12 months to November 2026; the building's median across all types is AED 1,952 per sqft.

Source: YallaValue analysis of Dubai Land Department records. Updated 22 February 2024.

Questions about 2314, Reva Residences

What did unit 2314 last sell for?

AED 621,287 on 30 August 2021: AED 1,332 per sqft for 466 sqft. The unit has 2 registered sales; the first was AED 851,000 in September 2019.

What is the rent for unit 2314?

AED 78,000 a year on the contract signed on 22 February 2024. The previous contract, from February 2023, was AED 78,000; the unit has been rented since October 2022.

How big is unit 2314?

466 sqft (43.3 sqm): a one-bedroom apartment on the 23rd floor of a 27-storey tower completed in 2022.

What is unit 2314 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reva Residences sold for AED 480,000 to 1,150,000 in the last 12 months, around AED 2,147 per sqft.

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Mortgage on 2314, Reva Residences

Starts from the last sale price (AED 621K, 30 August 2021). Switch to today's estimate once you have unlocked it.
Price
AED 621,287
Deposit, UAE resident (20%)
AED 124,257
Deposit, non-resident (40%)
AED 248,515
Monthly over 25 years at 3.7%
AED 2,542

Plus AED 31,104 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →