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2-bed · 900 sqftReva Residences, Business Bay · 11th floor · completed 2022

1103, Reva Residences

Sold prices and rental history: sold once, by the developer in June 2020, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1103 · DLD and Ejari recordsUpdated 1 July 2024
Last soldAED 1.28M24 June 2020
Current rentAED 100K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1103, Reva Residences

What is 1103 worth today?

Last sold for AED 1,280,000 in 2020

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1 Jul 2024RentedNew contract
AED 100,000/yr36 months · AED 111 per sqft
22 Dec 2023RentedNew contract
AED 110,000/yr12 months · AED 122 per sqft
14 Dec 2022RentedNew contract
AED 90,000/yr12 months · AED 100 per sqft
24 Jun 2020Sold by developerOff-plan
AED 1,280,000AED 1,421 per sqft

Source: Dubai Land Department. Updated 1 July 2024.

Key facts

Type
2-bed apartment
Size
900 sqft
Floor
11th of 27
Parking
P1-87
Developer
DAMAC
Completed
2022
Service charge
AED 22,300 /yr
Last sold
AED 1.28M · June 2020
Building
Reva Residences

About 1103, Reva Residences

1103 is a two-bedroom apartment of 900 sqft on the 11th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 24 June 2020 for AED 1,280,000, or AED 1,421 per sqft, in line with the AED 1,461 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 1 July 2024, is AED 100,000 a year: a gross yield of 7.8% on the 2020 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1103 over time

Sales
Unit 1103, each saleTypical two-bed in Reva Residences
1.4M1.6M2018202120242027Typical sale price by year: 2018 AED 1,300,460; 2019 AED 1,322,000; 2020 AED 1,333,500; 2021 AED 1,292,000; 2022 AED 1,380,750; 2023 AED 1,325,000; 2024 AED 1,600,000; 2025 AED 1,550,000; 2026 AED 1,492,492Sold by developer, June 2020: AED 1,280,000 (AED 1,421 per sqft)

1103 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1103, each contractTypical two-bed in Reva Residences
90K100K110K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 95,500; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 99,599New contract, December 2022: AED 90,000 a yearNew contract, December 2023: AED 110,000 a yearNew contract, July 2024: AED 100,000 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 1103 sits

All 130 2-beds →

1103 last sold in June 2020 at AED 1,421 per sqft, in line with what two-beds in Reva Residences were fetching at the time (AED 1,461). Over the last 12 months two-beds sold for AED 1,400,000 to 1,730,000, around AED 1,710 per sqft, and rent for AED 68,250 to 145,000 a year. 1103's AED 100,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
28 Sep 20261,400,000
24 Sep 20261,484,983
30 Jul 202620,788
30 Jul 202659,133
11 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. 39 sold in the last 12 months.

Typical price per sqft
AED 2,015 Down 4.9%
Typical sale
AED 1M
Typical rent
AED 75K /yr
Typical yield
7.1%
Reva Residences, Business Bay: prices, sales and rents →

Other units on the 11th floor

All 600 units in Reva Residences
Value
11011-bedAED 872K · Nov 2022
11021-bedAED 1M · Feb 2025
11042-bedAED 1.38M · Apr 2022
11051-bedAED 850K · Oct 2026
11061-bedAED 828K · Mar 2019
11071-bedAED 1.03M · Apr 2024
11081-bedAED 935K · May 2024
1–7 of 22

1103, Reva Residences in numbers

  • Sold once: by DAMAC on 24 June 2020 for AED 1,280,000, or AED 1,421 per sqft.
  • Rented since December 2022 on 3 Ejari contracts, from AED 90,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2020 price is 7.8%, before a service charge of about AED 22,300 a year (AED 24.73 per sqft).
  • Two-beds in Reva Residences sold for AED 1,400,000–1,730,000 in the 12 months to November 2026; the building's median across all types is AED 2,015 per sqft.

Source: Dubai Land Department. Updated 1 July 2024.

Questions about 1103, Reva Residences

What did unit 1103 last sell for?

AED 1,280,000 on 24 June 2020, sold by the developer: AED 1,421 per sqft for 900 sqft. It is the only registered sale of the unit.

What is the rent for unit 1103?

AED 100,000 a year on the contract signed on 1 July 2024. The previous contract, from December 2023, was AED 110,000; the unit has been rented since December 2022.

How big is unit 1103?

900 sqft (83.6 sqm): a two-bedroom apartment on the 11th floor of a 27-storey tower completed in 2022.

What is unit 1103 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 1,400,000 to 1,730,000 in the last 12 months, around AED 1,710 per sqft.

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Mortgage on 1103, Reva Residences

Starts from the last sale price (AED 1.28M, 24 June 2020). Switch to today's estimate once you have unlocked it.
Price
AED 1,280,000
Deposit, UAE resident (20%)
AED 256,000
Deposit, non-resident (40%)
AED 512,000
Monthly over 25 years at 3.7%
AED 5,237

Plus the 4% Dubai Land Department transfer fee and about AED 5,000 of registration and trustee costs. Full mortgage calculator →