Home
Dubai prices
About
Research
2-bed · 915 sqftReva Residences, Business Bay · 12th floor · completed 2022

1223, Reva Residences

Sold prices and rental history: sold twice, last in September 2025, and rented once, from September 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1223 · DLD and Ejari recordsUpdated 10 September 2025
Last soldAED 1.75M10 September 2025
Current rentAED 105K /yr18 September 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1223

Property timeline for 1223, Reva Residences

What is 1223 worth today?

Last sold for AED 1,750,000 in 2025

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

10 Sep 2025SoldReady
AED 1,750,000AED 1,913 per sqft
18 Sep 2023RentedNew contract
AED 105,000/yr12 months · AED 115 per sqft
11 Sep 2018Sold by developerOff-plan
AED 1,293,000AED 1,413 per sqft

Source: Dubai Land Department. Updated 10 September 2025.

Key facts

Type
2-bed apartment
Size
915 sqft
Floor
12th of 27
Parking
P1-44
Developer
DAMAC
Completed
2022
Service charge
AED 22,600 /yr
Last sold
AED 1.75M · September 2025
Building
Reva Residences

About 1223, Reva Residences

1223 is a two-bedroom apartment of 915 sqft on the 12th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 10 September 2025 for AED 1,750,000, or AED 1,913 per sqft, 13% above the AED 1,694 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 18 September 2023. The current contract, signed on 18 September 2023, is AED 105,000 a year: a gross yield of 6.0% on the 2025 price, before the service charge of about AED 22,600 a year.

Sales and rents for 1223 over time

Sales
Unit 1223, each saleTypical two-bed in Reva Residences
1.25M1.5M1.75M2018202120242027Typical 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, September 2018: AED 1,293,000 (AED 1,413 per sqft)Sold, September 2025: AED 1,750,000 (AED 1,913 per sqft)

1223 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1223, 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, September 2023: AED 105,000 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 1223 sits

All 130 2-beds →

1223 last sold in September 2025 at AED 1,913 per sqft, 13% above what two-beds in Reva Residences were fetching at the time (AED 1,694). 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. 1223's AED 105,000 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 12th floor

All 600 units in Reva Residences
Value
12011-bedAED 975K · Jan 2025
12021-bedAED 791K · Jan 2019
12032-bedAED 1.28M · May 2019
12042-bedAED 1.29M · May 2018
12051-bedAED 990K · Jul 2025
12061-bedAED 1.1M · Oct 2024
12071-bedAED 1M · Oct 2025
1–7 of 22

1223, Reva Residences in numbers

  • Sold twice: first on 11 September 2018 for AED 1,293,000, last on 10 September 2025 for AED 1,750,000 (AED 1,913 per sqft).
  • Rented since September 2023 on one Ejari contract, at AED 105,000 a year.
  • At AED 105,000 a year the gross yield on the 2025 price is 6.0%, before a service charge of about AED 22,600 a year (AED 24.73 per sqft).
  • Two-beds in Reva Residences sold for AED 1,400,000–1,730,000 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 10 September 2025.

Questions about 1223, Reva Residences

What did unit 1223 last sell for?

AED 1,750,000 on 10 September 2025: AED 1,913 per sqft for 915 sqft. The unit has 2 registered sales; the first was AED 1,293,000 in September 2018.

What is the rent for unit 1223?

AED 105,000 a year on the contract signed on 18 September 2023.

How big is unit 1223?

915 sqft (85.0 sqm): a two-bedroom apartment on the 12th floor of a 27-storey tower completed in 2022.

What is unit 1223 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.

Selling 1223? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1223, Reva Residences

Starts from the last sale price (AED 1.75M, 10 September 2025). Switch to today's estimate once you have unlocked it.
Price
AED 1,750,000
Deposit, UAE resident (20%)
AED 350,000
Deposit, non-resident (40%)
AED 700,000
Monthly over 25 years at 3.7%
AED 7,160

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