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2-bed · 914 sqftReva Residences, Business Bay · 3rd floor · completed 2022

316, Reva Residences

Sold prices and rental history: sold once, by the developer in January 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 316 · DLD and Ejari recordsUpdated 15 November 2024
Last soldAED 1.35M16 January 2019
Current rentAED 93K /yr15 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 316, Reva Residences

What is 316 worth today?

Last sold for AED 1,345,000 in 2019

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15 Nov 2024RentedNew contract
AED 93,000/yr12 months · AED 102 per sqft
23 Sep 2023RentedRenewal
AED 91,350/yr12 months · AED 100 per sqft
23 Sep 2022RentedNew contract
AED 87,000/yr12 months · AED 95 per sqft
16 Jan 2019Sold by developerOff-plan
AED 1,345,000AED 1,471 per sqft

Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2024.

Key facts

Type
2-bed apartment
Size
914 sqft
Floor
3rd of 27
Parking
P1-100
Developer
DAMAC
Completed
2022
Service charge
AED 22,600 /yr
Last sold
AED 1.35M · January 2019
Building
Reva Residences

About 316, Reva Residences

316 is a two-bedroom apartment of 914 sqft on the 3rd floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 16 January 2019 for AED 1,345,000, or AED 1,471 per sqft, in line with the AED 1,430 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 15 November 2024, is AED 93,000 a year: a gross yield of 6.9% on the 2019 price, before the service charge of about AED 22,600 a year.

Sales and rents for 316 over time

Sales
Unit 316, each saleTypical two-bed in Reva Residences
1.4M1.6M20182020202220242026Typical sale price by year: 2018 AED 1,301,760; 2019 AED 1,320,000; 2020 AED 1,333,500; 2021 AED 1,292,000; 2022 AED 1,380,750; 2023 AED 1,300,000; 2024 AED 1,600,000; 2025 AED 1,540,000Sold by developer, January 2019: AED 1,345,000 (AED 1,471 per sqft)

316 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 316, each contractTypical two-bed in Reva Residences
100K202220242026Typical rent by year: 2022 AED 92,000; 2023 AED 96,750; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 110,000New contract, September 2022: AED 87,000 a yearRenewal, September 2023: AED 91,350 a yearNew contract, November 2024: AED 93,000 a year

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

2-beds in Reva Residences, and where 316 sits

All 124 2-beds →

316 last sold in January 2019 at AED 1,471 per sqft, in line with what two-beds in Reva Residences were fetching at the time (AED 1,430). Over the last 12 months two-beds sold for AED 1,500,000 to 1,730,000, around AED 1,749 per sqft, and rent for AED 99,750 to 145,000 a year. 316's AED 93,000 is at the bottom of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Jan 20261,500,000
23 Jan 20261,670,000
5 Jan 202661,112
30 Dec 20251,540,000
7 2-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 3rd floor

All 600 units in Reva Residences
Value
3011-bedAED 774K · May 2018
3021-bedAED 774K · Apr 2018
3032-bedAED 1.25M · Oct 2018
3042-bedAED 1.25M · Dec 2018
3051-bedAED 803K · May 2018
3061-bedAED 911K · Jul 2022
3071-bedAED 550K · Oct 2021
1–7 of 22

316, Reva Residences in numbers

  • Sold once: by DAMAC on 16 January 2019 for AED 1,345,000, or AED 1,471 per sqft.
  • Rented since September 2022 on 3 Ejari contracts, from AED 87,000 to AED 93,000 a year.
  • At AED 93,000 a year the gross yield on the 2019 price is 6.9%, before a service charge of about AED 22,600 a year (AED 24.73 per sqft).
  • Two-beds in Reva Residences sold for AED 1,500,000–1,730,000 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 15 November 2024.

Questions about 316, Reva Residences

What did unit 316 last sell for?

AED 1,345,000 on 16 January 2019, sold by the developer: AED 1,471 per sqft for 914 sqft. It is the only registered sale of the unit.

What is the rent for unit 316?

AED 93,000 a year on the contract signed on 15 November 2024. The previous contract, from September 2023, was AED 91,350; the unit has been rented since September 2022.

How big is unit 316?

914 sqft (84.9 sqm): a two-bedroom apartment on the 3rd floor of a 27-storey tower completed in 2022.

What is unit 316 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Reva Residences sold for AED 1,500,000 to 1,730,000 in the last 12 months, around AED 1,749 per sqft.

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Mortgage on 316, Reva Residences

Starts from the last sale price (AED 1.35M, 16 January 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,345,000
Deposit, UAE resident (20%)
AED 269,000
Deposit, non-resident (40%)
AED 538,000
Monthly over 25 years at 3.7%
AED 5,503

Plus AED 61,500 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →