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2-bed · 900 sqftReva Residences, Business Bay · 16th floor · completed 2022

1603, Reva Residences

Sold prices and rental history: sold 3 times, last in December 2022, and rented once, from November 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1603 · DLD and Ejari recordsUpdated 25 November 2025
Last soldAED 1.4M20 December 2022
Current rentAED 125K /yr25 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1603, Reva Residences

What is 1603 worth today?

Last sold for AED 1,400,000 in 2022

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25 Nov 2025RentedNew contract
AED 125,000/yr12 months · AED 138 per sqft
20 Dec 2022SoldReady
AED 1,400,000AED 1,555 per sqft
12 Sep 2022SoldReady
AED 980,000AED 1,088 per sqft
25 Mar 2019Sold by developerOff-plan
AED 1,289,000AED 1,431 per sqft

Source: Dubai Land Department. Updated 25 November 2025.

Key facts

Type
2-bed apartment
Size
900 sqft
Floor
16th of 27
Parking
P1-60
Developer
DAMAC
Completed
2022
Service charge
AED 22,300 /yr
Last sold
AED 1.4M · December 2022
Building
Reva Residences

About 1603, Reva Residences

1603 is a two-bedroom apartment of 900 sqft on the 16th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 20 December 2022 for AED 1,400,000, or AED 1,555 per sqft, in line with the AED 1,510 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 25 November 2025. The current contract, signed on 25 November 2025, is AED 125,000 a year: a gross yield of 8.9% on the 2022 price, before the service charge of about AED 22,300 a year.

Sales and rents for 1603 over time

Sales
Unit 1603, each saleTypical two-bed in Reva Residences
1M1.5M2018202120242027Typical 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 2019: AED 1,289,000 (AED 1,431 per sqft)Sold, September 2022: AED 980,000 (AED 1,088 per sqft)Sold, December 2022: AED 1,400,000 (AED 1,555 per sqft)

1603 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1603, 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, November 2025: AED 125,000 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 1603 sits

All 130 2-beds →

1603 last sold in December 2022 at AED 1,555 per sqft, in line with what two-beds in Reva Residences were fetching at the time (AED 1,510). 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. 1603's AED 125,000 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 16th floor

All 600 units in Reva Residences
Value
16011-bedAED 799K · Oct 2019
16021-bedAED 799K · Sep 2019
16042-bedAED 1.4M · Dec 2022
16051-bedAED 1.09M · Dec 2025
16061-bedAED 821K · Oct 2019
16071-bedAED 970K · Oct 2024
16081-bedAED 807K · Aug 2022
1–7 of 22

1603, Reva Residences in numbers

  • Sold 3 times: first on 25 March 2019 for AED 1,289,000, last on 20 December 2022 for AED 1,400,000 (AED 1,555 per sqft).
  • Rented since November 2025 on one Ejari contract, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2022 price is 8.9%, 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 25 November 2025.

Questions about 1603, Reva Residences

What did unit 1603 last sell for?

AED 1,400,000 on 20 December 2022: AED 1,555 per sqft for 900 sqft. The unit has 3 registered sales; the first was AED 1,289,000 in March 2019.

What is the rent for unit 1603?

AED 125,000 a year on the contract signed on 25 November 2025.

How big is unit 1603?

900 sqft (83.6 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2022.

What is unit 1603 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 1603, Reva Residences

Starts from the last sale price (AED 1.4M, 20 December 2022). 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 →