1-bed · 471 sqftReva Residences, Business Bay · 13th floor · completed 2022

1308, Reva Residences

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

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

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Unit 1308 · DLD and Ejari recordsUpdated 28 May 2024

Last soldAED 974K12 August 2022

Current rentAED 55K /yr28 May 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1308, Reva Residences

Today

What is 1308 worth today?

Last sold for AED 974,000 in 2022

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28 May 2024

28 May 2024RentedNew contract

AED 55,000/yr12 months · AED 116 per sqft

3 May 2023

3 May 2023RentedNew contract

AED 81,000/yr12 months · AED 172 per sqft

12 Aug 2022

12 Aug 2022Sold by developerReady

AED 974,000AED 2,065 per sqft

Source: Dubai Land Department. Updated 28 May 2024.

Key facts

Type: 1-bed apartment
Size: 471 sqft
Floor: 13th of 27
Parking: P3-91
Developer: DAMAC
Completed: 2022
Service charge: AED 11,700 /yr
Last sold: AED 974K · August 2022
Building: Reva Residences

About 1308, Reva Residences

1308 is a one-bedroom apartment of 471 sqft on the 13th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 12 August 2022 for AED 974,000, or AED 2,065 per sqft, 14% above the AED 1,819 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 28 May 2024, is AED 55,000 a year: a gross yield of 5.7% on the 2022 price, before the service charge of about AED 11,700 a year.

Sales and rents for 1308 over time

Sales

Unit 1308, each saleTypical one-bed in Reva Residences

1308 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1308, each contractTypical one-bed in Reva Residences

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 1308 sits

All 470 1-beds →

1-beds in Reva Residences · last 12 months2,080 /sqft Reva Residences · all types2,015 /sqft

1308 last sold in August 2022 at AED 2,065 per sqft, 14% above what one-beds in Reva Residences were fetching at the time (AED 1,819). Over the last 12 months one-beds sold for AED 480,000 to 1,150,000, around AED 2,080 per sqft, and rent for AED 35,000 to 115,500 a year. 1308's AED 55,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
2 Nov 20262 November 2026	471 sqft	1,000,000	2,123
5 Oct 20265 October 2026	473 sqft	850,000	1,796
2 Oct 20262 October 2026	472 sqft	950,000	2,012
23 Sep 202623 September 2026	471 sqft	900,000	1,911

28 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. 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 13th floor

All 600 units in Reva Residences


1301	1-bed	470 sqft	AED 1.08MAED 1,080,000 · Feb 2026February 2026	60,000 /yr
1302	1-bed	471 sqft	AED 793KAED 793,000 · Nov 2019November 2019	55,000 /yr
1303	2-bed	900 sqft	AED 1.28MAED 1,284,000 · Jul 2018July 2018
1304	2-bed	914 sqft	AED 1.55MAED 1,550,000 · Jul 2025July 2025	144,000 /yr
1305	1-bed	473 sqft	AED 1MAED 1,000,000 · Jul 2024July 2024
1306	1-bed	470 sqft	AED 844KAED 844,000 · Apr 2018April 2018
1307	1-bed	471 sqft	AED 795KAED 795,000 · Apr 2018April 2018	75,000 /yr
1309	1-bed	471 sqft	AED 825KAED 825,000 · May 2023May 2023
1310	1-bed	471 sqft	AED 809KAED 809,000 · Apr 2018April 2018	75,000 /yr
1311	2-bed	914 sqft	AED 1.41MAED 1,413,300 · Apr 2022April 2022	125,000 /yr
1312	1-bed	471 sqft	AED 807KAED 807,000 · Feb 2019February 2019	60,000 /yr
1313	1-bed	471 sqft	AED 1MAED 1,000,000 · Sep 2024September 2024	81,500 /yr
1314	1-bed	466 sqft	AED 807KAED 807,000 · Dec 2018December 2018
1315	1-bed	466 sqft	AED 820KAED 820,000 · Nov 2022November 2022	60,000 /yr
1316	2-bed	914 sqft	AED 1.39MAED 1,387,000 · Dec 2021December 2021	97,388 /yr
1317	1-bed	476 sqft	AED 1.06MAED 1,060,000 · Mar 2023March 2023	60,000 /yr
1318	1-bed	471 sqft	AED 815KAED 815,360 · Jul 2022July 2022	65,000 /yr
1319	1-bed	471 sqft	AED 980KAED 980,000 · Dec 2023December 2023
1320	1-bed	471 sqft	AED 1.02MAED 1,020,000 · Jan 2025January 2025
1321	1-bed	471 sqft	AED 795KAED 795,000 · Apr 2018April 2018	78,000 /yr
1322	1-bed	471 sqft	AED 795KAED 795,000 · Apr 2018April 2018	65,000 /yr
1323	2-bed	915 sqft	AED 1.47MAED 1,470,000 · Feb 2025February 2025	100,000 /yr

1–7 of 22

1308, Reva Residences in numbers

Sold once: by DAMAC on 12 August 2022 for AED 974,000, or AED 2,065 per sqft.
Rented since May 2023 on 2 Ejari contracts, from AED 81,000 to AED 55,000 a year.
At AED 55,000 a year the gross yield on the 2022 price is 5.7%, 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 2,015 per sqft.

Source: Dubai Land Department. Updated 28 May 2024.

Questions about 1308, Reva Residences

What did unit 1308 last sell for?

AED 974,000 on 12 August 2022, sold by the developer: AED 2,065 per sqft for 471 sqft. It is the only registered sale of the unit.

What is the rent for unit 1308?

AED 55,000 a year on the contract signed on 28 May 2024. The previous contract, from May 2023, was AED 81,000.

How big is unit 1308?

471 sqft (43.8 sqm): a one-bedroom apartment on the 13th floor of a 27-storey tower completed in 2022.

What is unit 1308 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 2,080 per sqft.

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Mortgage on 1308, Reva Residences

Starts from the last sale price (AED 974K, 12 August 2022). Switch to today's estimate once you have unlocked it.

Price: AED 974,000
Deposit, UAE resident (20%): AED 194,800
Deposit, non-resident (40%): AED 389,600
Monthly over 25 years at 3.7%: AED 3,985

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