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2-bed · 915 sqftReva Residences, Business Bay · 14th floor · completed 2022

1423, Reva Residences

Sold prices and rental history: sold twice, last in October 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1423 · DLD and Ejari recordsUpdated 2 October 2024
Last soldAED 1.4M2 October 2024
Current rentAED 115K /yr1 July 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1423, Reva Residences

What is 1423 worth today?

Last sold for AED 1,400,000 in 2024

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2 Oct 2024SoldReady
AED 1,400,000AED 1,530 per sqft
1 Jul 2024RentedNew contract
AED 115,000/yr12 months · AED 126 per sqft
5 Jan 2023RentedNew contract
AED 118,000/yr12 months · AED 129 per sqft
2 Mar 2022Sold by developerOff-plan
AED 1,386,000AED 1,515 per sqft

Source: Dubai Land Department. Updated 2 October 2024.

Key facts

Type
2-bed apartment
Size
915 sqft
Floor
14th of 27
Parking
P1-54
Developer
DAMAC
Completed
2022
Service charge
AED 22,600 /yr
Last sold
AED 1.4M · October 2024
Building
Reva Residences

About 1423, Reva Residences

1423 is a two-bedroom apartment of 915 sqft on the 14th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 2 October 2024 for AED 1,400,000, or AED 1,530 per sqft, 5% below the AED 1,613 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, signed on 1 July 2024, is AED 115,000 a year: a gross yield of 8.2% on the 2024 price, before the service charge of about AED 22,600 a year.

Sales and rents for 1423 over time

Sales
Unit 1423, 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, March 2022: AED 1,386,000 (AED 1,515 per sqft)Sold, October 2024: AED 1,400,000 (AED 1,530 per sqft)

1423 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1423, each contractTypical two-bed in Reva Residences
100K120K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 95,500; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 99,599New contract, January 2023: AED 118,000 a yearNew contract, July 2024: AED 115,000 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 1423 sits

All 130 2-beds →

1423 last sold in October 2024 at AED 1,530 per sqft, 5% below what two-beds in Reva Residences were fetching at the time (AED 1,613). 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. 1423's AED 115,000 is in the upper 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 14th floor

All 600 units in Reva Residences
Value
14011-bedAED 950K · Feb 2025
14021-bedAED 985K · Jun 2024
14032-bedAED 1.96M · Sep 2022
14042-bedAED 1.28M · Aug 2018
14051-bedAED 860K · May 2023
14061-bedAED 900K · Feb 2024
14071-bedAED 797K · Apr 2018
1–7 of 22

1423, Reva Residences in numbers

  • Sold twice: first on 2 March 2022 for AED 1,386,000, last on 2 October 2024 for AED 1,400,000 (AED 1,530 per sqft).
  • Rented since January 2023 on 2 Ejari contracts, from AED 118,000 to AED 115,000 a year.
  • At AED 115,000 a year the gross yield on the 2024 price is 8.2%, 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 2 October 2024.

Questions about 1423, Reva Residences

What did unit 1423 last sell for?

AED 1,400,000 on 2 October 2024: AED 1,530 per sqft for 915 sqft. The unit has 2 registered sales; the first was AED 1,386,000 in March 2022.

What is the rent for unit 1423?

AED 115,000 a year on the contract signed on 1 July 2024. The previous contract, from January 2023, was AED 118,000.

How big is unit 1423?

915 sqft (85.0 sqm): a two-bedroom apartment on the 14th floor of a 27-storey tower completed in 2022.

What is unit 1423 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 1423, Reva Residences

Starts from the last sale price (AED 1.4M, 2 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,400,000
Deposit, UAE resident (20%)
AED 280,000
Deposit, non-resident (40%)
AED 560,000
Monthly over 25 years at 3.7%
AED 5,728

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