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2-bed · 900 sqftReva Residences, Business Bay · 15th floor · completed 2022

1503, Reva Residences

Sold prices and rental history: sold once, by the developer in July 2018, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1503 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 1.27M4 July 2018
Current rentAED 85K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1503, Reva Residences

What is 1503 worth today?

Last sold for AED 1,274,130 in 2018

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1 Aug 2026RentedNew contract
AED 85,000/yr13 months · AED 94 per sqft
20 Oct 2025RentedNew contract
AED 105,000/yr12 months · AED 116 per sqft
7 May 2025RentedRenewal
AED 110,000/yr12 months · AED 122 per sqft
7 May 2025RentedRenewal
AED 110,000/yr12 months · AED 122 per sqft
7 May 2024RentedNew contract
AED 110,000/yr12 months · AED 122 per sqft
4 Jul 2018Sold by developerOff-plan
AED 1,274,130AED 1,415 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
2-bed apartment
Size
900 sqft
Floor
15th of 27
Parking
P1-55
Developer
DAMAC
Completed
2022
Service charge
AED 22,300 /yr
Last sold
AED 1.27M · July 2018
Building
Reva Residences

About 1503, Reva Residences

1503 is a two-bedroom apartment of 900 sqft on the 15th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 4 July 2018 for AED 1,274,130, or AED 1,415 per sqft, in line with the AED 1,419 two-beds in the building were fetching at the time.

It has been rented continuously since 2024 on 5 Ejari contracts. The current contract, signed on 1 August 2026, is AED 85,000 a year: a gross yield of 6.7% on the 2018 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1503 over time

Sales
Unit 1503, 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, July 2018: AED 1,274,130 (AED 1,415 per sqft)

1503 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1503, each contractTypical two-bed in Reva Residences
100K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 95,500; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 99,599New contract, May 2024: AED 110,000 a yearRenewal, May 2025: AED 110,000 a yearRenewal, May 2025: AED 110,000 a yearNew contract, October 2025: AED 105,000 a yearNew contract, August 2026: AED 85,000 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 1503 sits

All 130 2-beds →

1503 last sold in July 2018 at AED 1,415 per sqft, in line with what two-beds in Reva Residences were fetching at the time (AED 1,419). 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. 1503's AED 85,000 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 15th floor

All 600 units in Reva Residences
Value
15011-bedAED 797K · Aug 2018
15021-bedAED 525K · Jul 2020
15042-bedAED 1.28M · Jul 2018
15051-bedAED 1.04M · Jun 2024
15061-bedAED 848K · Jul 2018
15071-bedAED 975K · Aug 2024
15081-bedAED 813K · May 2018
1–7 of 22

1503, Reva Residences in numbers

  • Sold once: by DAMAC on 4 July 2018 for AED 1,274,130, or AED 1,415 per sqft.
  • Rented since May 2024 on 5 Ejari contracts, from AED 110,000 to AED 85,000 a year.
  • At AED 85,000 a year the gross yield on the 2018 price is 6.7%, 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 August 2026.

Questions about 1503, Reva Residences

What did unit 1503 last sell for?

AED 1,274,130 on 4 July 2018, sold by the developer: AED 1,415 per sqft for 900 sqft. It is the only registered sale of the unit.

What is the rent for unit 1503?

AED 85,000 a year on the contract signed on 1 August 2026. The previous contract, from October 2025, was AED 105,000; the unit has been rented since May 2024.

How big is unit 1503?

900 sqft (83.6 sqm): a two-bedroom apartment on the 15th floor of a 27-storey tower completed in 2022.

What is unit 1503 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 1503, Reva Residences

Starts from the last sale price (AED 1.27M, 4 July 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,274,130
Deposit, UAE resident (20%)
AED 254,826
Deposit, non-resident (40%)
AED 509,652
Monthly over 25 years at 3.7%
AED 5,213

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