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1-bed · 471 sqftReva Residences, Business Bay · 3rd floor · completed 2022

321, Reva Residences

Sold prices and rental history: sold twice, last in June 2023, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 321 · DLD and Ejari recordsUpdated 18 October 2024
Last soldAED 850K26 June 2023
Current rentAED 78K /yr18 October 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 321, Reva Residences

What is 321 worth today?

Last sold for AED 850,000 in 2023

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18 Oct 2024RentedRenewal
AED 78,000/yr12 months · AED 165 per sqft
18 Oct 2023RentedNew contract
AED 78,000/yr12 months · AED 165 per sqft
26 Jun 2023SoldReady
AED 850,000AED 1,802 per sqft
15 Oct 2022RentedNew contract
AED 78,905/yr12 months · AED 167 per sqft
20 May 2022Sold by developerOff-plan
AED 827,400AED 1,754 per sqft

Source: Dubai Land Department. Updated 18 October 2024.

Key facts

Type
1-bed apartment
Size
471 sqft
Floor
3rd of 27
Parking
B-71
Developer
DAMAC
Completed
2022
Service charge
AED 11,700 /yr
Last sold
AED 850K · June 2023
Building
Reva Residences

About 321, Reva Residences

321 is a one-bedroom apartment of 471 sqft on the 3rd floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 26 June 2023 for AED 850,000, or AED 1,802 per sqft, 3% above the AED 1,743 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 18 October 2024, is AED 78,000 a year: a gross yield of 9.2% on the 2023 price, before the service charge of about AED 11,700 a year.

Sales and rents for 321 over time

Sales
Unit 321, each saleTypical one-bed in Reva Residences
800K1M20182020202220242026Typical 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, May 2022: AED 827,400 (AED 1,754 per sqft)Sold, June 2023: AED 850,000 (AED 1,802 per sqft)

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

Rents
Unit 321, 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 78,905 a yearNew contract, October 2023: AED 78,000 a yearRenewal, October 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 321 sits

All 449 1-beds →

321 last sold in June 2023 at AED 1,802 per sqft, 3% above what one-beds in Reva Residences were fetching at the time (AED 1,743). 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. 321'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 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

321, Reva Residences in numbers

  • Sold twice: first on 20 May 2022 for AED 827,400, last on 26 June 2023 for AED 850,000 (AED 1,802 per sqft).
  • Rented since October 2022 on 3 Ejari contracts, from AED 78,905 to AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2023 price is 9.2%, before a service charge of about AED 11,700 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: Dubai Land Department. Updated 18 October 2024.

Questions about 321, Reva Residences

What did unit 321 last sell for?

AED 850,000 on 26 June 2023: AED 1,802 per sqft for 471 sqft. The unit has 2 registered sales; the first was AED 827,400 in May 2022.

What is the rent for unit 321?

AED 78,000 a year on the contract renewed on 18 October 2024. The previous contract, from October 2023, was AED 78,000; the unit has been rented since October 2022.

How big is unit 321?

471 sqft (43.8 sqm): a one-bedroom apartment on the 3rd floor of a 27-storey tower completed in 2022.

What is unit 321 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 321, Reva Residences

Starts from the last sale price (AED 850K, 26 June 2023). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

Plus AED 40,710 of fees: the 4% Dubai Land Department transfer fee, registration and the trustee. Full mortgage calculator →