2-bed · 915 sqftReva Residences, Business Bay · 16th floor · completed 2022

1623, 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 4 times, last in October 2024, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1623 · DLD and Ejari recordsUpdated 19 June 2026

Last soldAED 2.05M15 October 2024

Current rentAED 120K /yr19 June 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1623, Reva Residences

Today

What is 1623 worth today?

Last sold for AED 2,050,000 in 2024

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19 Jun 2026

19 Jun 2026RentedRenewal

AED 120,000/yr12 months · AED 131 per sqft

19 Jun 2025

19 Jun 2025RentedNew contract

AED 120,000/yr12 months · AED 131 per sqft

15 Oct 2024

15 Oct 2024SoldReady

AED 2,050,000AED 2,241 per sqft

19 Jun 2024

19 Jun 2024RentedNew contract

AED 120,000/yr12 months · AED 131 per sqft

14 Dec 2022

14 Dec 2022RentedNew contract

AED 35,000/yr12 months · AED 38 per sqft

9 Dec 2022

9 Dec 2022SoldReady

AED 1,275,000AED 1,394 per sqft

12 Sep 2022

12 Sep 2022SoldReady

AED 980,000AED 1,071 per sqft

25 Mar 2019

25 Mar 2019Sold by developerOff-plan

AED 1,300,000AED 1,421 per sqft

Source: Dubai Land Department. Updated 19 June 2026.

Key facts

Type: 2-bed apartment
Size: 915 sqft
Floor: 16th of 27
Parking: P1-64
Developer: DAMAC
Completed: 2022
Service charge: AED 22,600 /yr
Last sold: AED 2.05M · October 2024
Building: Reva Residences

About 1623, Reva Residences

1623 is a two-bedroom apartment of 915 sqft on the 16th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 15 October 2024 for AED 2,050,000, or AED 2,241 per sqft, 36% above the AED 1,651 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 19 June 2026, is AED 120,000 a year: a gross yield of 5.9% on the 2024 price, before the service charge of about AED 22,600 a year.

Sales and rents for 1623 over time

Sales

Unit 1623, each saleTypical two-bed in Reva Residences

1623 has sold 4 times; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1623, each contractTypical two-bed in Reva Residences

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 1623 sits

All 130 2-beds →

2-beds in Reva Residences · last 12 months1,710 /sqft Reva Residences · all types2,015 /sqft

1623 last sold in October 2024 at AED 2,241 per sqft, 36% above what two-beds in Reva Residences were fetching at the time (AED 1,651). 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. 1623's AED 120,000 is in the upper half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
28 Sep 202628 September 2026	918 sqft	1,400,000	1,525
24 Sep 202624 September 2026	914 sqft	1,484,983	1,624
30 Jul 202630 July 2026	914 sqft	20,788	22
30 Jul 202630 July 2026	914 sqft	59,133	64

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


1601	1-bed	470 sqft	AED 799KAED 799,000 · Oct 2019October 2019	75,000 /yr
1602	1-bed	471 sqft	AED 799KAED 799,000 · Sep 2019September 2019	70,000 /yr
1603	2-bed	900 sqft	AED 1.4MAED 1,400,000 · Dec 2022December 2022	125,000 /yr
1604	2-bed	914 sqft	AED 1.4MAED 1,400,000 · Dec 2022December 2022	120,000 /yr
1605	1-bed	473 sqft	AED 1.09MAED 1,090,000 · Dec 2025December 2025	85,000 /yr
1606	1-bed	470 sqft	AED 821KAED 821,240 · Oct 2019October 2019	73,500 /yr
1607	1-bed	471 sqft	AED 970KAED 970,000 · Oct 2024October 2024	67,000 /yr
1608	1-bed	471 sqft	AED 807KAED 807,000 · Aug 2022August 2022	60,000 /yr
1609	1-bed	471 sqft	AED 815KAED 815,000 · Jun 2022June 2022	58,000 /yr
1610	1-bed	471 sqft	AED 1.07MAED 1,070,000 · May 2024May 2024	83,000 /yr
1611	2-bed	914 sqft	AED 21KAED 20,788 · Jul 2026July 2026	120,000 /yr
1612	1-bed	471 sqft	AED 813KAED 813,000 · May 2019May 2019
1613	1-bed	471 sqft	AED 1MAED 1,000,000 · Jul 2024July 2024	80,000 /yr
1614	1-bed	466 sqft	AED 813KAED 813,000 · May 2019May 2019	75,000 /yr
1615	1-bed	466 sqft	AED 822KAED 822,000 · Jun 2019June 2019	70,000 /yr
1616	2-bed	914 sqft	AED 59KAED 59,133 · Jul 2026July 2026	90,000 /yr
1617	1-bed	466 sqft	AED 790KAED 790,000 · May 2019May 2019	68,000 /yr
1618	1-bed	471 sqft	AED 1.15MAED 1,150,000 · Aug 2024August 2024	85,000 /yr
1619	1-bed	471 sqft	AED 1.01MAED 1,007,000 · Jul 2022July 2022
1620	1-bed	471 sqft	AED 867KAED 867,300 · Mar 2023March 2023	79,000 /yr
1621	1-bed	471 sqft	AED 801KAED 801,000 · Oct 2019October 2019	72,000 /yr
1622	1-bed	471 sqft	AED 900KAED 900,000 · Sep 2026September 2026	75,000 /yr

1–7 of 22

1623, Reva Residences in numbers

Sold 4 times: first on 25 March 2019 for AED 1,300,000, last on 15 October 2024 for AED 2,050,000 (AED 2,241 per sqft).
Rented since December 2022 on 4 Ejari contracts, from AED 35,000 to AED 120,000 a year.
At AED 120,000 a year the gross yield on the 2024 price is 5.9%, 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 19 June 2026.

Questions about 1623, Reva Residences

What did unit 1623 last sell for?

AED 2,050,000 on 15 October 2024: AED 2,241 per sqft for 915 sqft. The unit has 4 registered sales; the first was AED 1,300,000 in March 2019.

What is the rent for unit 1623?

AED 120,000 a year on the contract renewed on 19 June 2026. The previous contract, from June 2025, was AED 120,000; the unit has been rented since December 2022.

How big is unit 1623?

915 sqft (85.0 sqm): a two-bedroom apartment on the 16th floor of a 27-storey tower completed in 2022.

What is unit 1623 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 1623, Reva Residences

Starts from the last sale price (AED 2.05M, 15 October 2024). Switch to today's estimate once you have unlocked it.

Price: AED 2,050,000
Deposit, UAE resident (20%): AED 410,000
Deposit, non-resident (40%): AED 820,000
Monthly over 25 years at 3.7%: AED 8,387

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