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2-bed · 908 sqftReva Residences, Business Bay · 18th floor · completed 2022

1816, Reva Residences

Sold prices and rental history: sold once, by the developer in March 2019, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1816 · DLD and Ejari recordsUpdated 21 November 2024
Last soldAED 1.4M7 March 2019
Current rentAED 104K /yr21 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1816, Reva Residences

What is 1816 worth today?

Last sold for AED 1,398,000 in 2019

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21 Nov 2024RentedRenewal
AED 103,950/yr12 months · AED 113 per sqft
21 Nov 2023RentedRenewal
AED 94,500/yr12 months · AED 103 per sqft
21 Nov 2022RentedNew contract
AED 90,000/yr12 months · AED 98 per sqft
7 Mar 2019Sold by developerOff-plan
AED 1,398,000AED 1,539 per sqft

Source: Dubai Land Department. Updated 21 November 2024.

Key facts

Type
2-bed apartment
Size
908 sqft
Floor
18th of 27
Parking
P1-73
Developer
DAMAC
Completed
2022
Service charge
AED 22,500 /yr
Last sold
AED 1.4M · March 2019
Building
Reva Residences

About 1816, Reva Residences

1816 is a two-bedroom apartment of 908 sqft on the 18th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 7 March 2019 for AED 1,398,000, or AED 1,539 per sqft, 7% above the AED 1,433 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 21 November 2024, is AED 103,950 a year: a gross yield of 7.4% on the 2019 price, before the service charge of about AED 22,500 a year.

Sales and rents for 1816 over time

Sales
Unit 1816, 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 2019: AED 1,398,000 (AED 1,539 per sqft)

1816 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1816, each contractTypical two-bed in Reva Residences
90K100K110K202220242026Typical 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 2022: AED 90,000 a yearRenewal, November 2023: AED 94,500 a yearRenewal, November 2024: AED 103,950 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 1816 sits

All 130 2-beds →

1816 last sold in March 2019 at AED 1,539 per sqft, 7% above what two-beds in Reva Residences were fetching at the time (AED 1,433). 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. 1816's AED 103,950 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 18th floor

All 600 units in Reva Residences
Value
18011-bedAED 815K · May 2019
18021-bedAED 1.1M · Mar 2025
18032-bedAED 1.15M · May 2023
18042-bedAED 1.38M · Jul 2023
18051-bedAED 904K · Feb 2022
18061-bedAED 826K · Aug 2022
18071-bedAED 817K · Jan 2019
1–7 of 22

1816, Reva Residences in numbers

  • Sold once: by DAMAC on 7 March 2019 for AED 1,398,000, or AED 1,539 per sqft.
  • Rented since November 2022 on 3 Ejari contracts, from AED 90,000 to AED 103,950 a year.
  • At AED 103,950 a year the gross yield on the 2019 price is 7.4%, before a service charge of about AED 22,500 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 21 November 2024.

Questions about 1816, Reva Residences

What did unit 1816 last sell for?

AED 1,398,000 on 7 March 2019, sold by the developer: AED 1,539 per sqft for 908 sqft. It is the only registered sale of the unit.

What is the rent for unit 1816?

AED 103,950 a year on the contract renewed on 21 November 2024. The previous contract, from November 2023, was AED 94,500; the unit has been rented since November 2022.

How big is unit 1816?

908 sqft (84.4 sqm): a two-bedroom apartment on the 18th floor of a 27-storey tower completed in 2022.

What is unit 1816 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 1816, Reva Residences

Starts from the last sale price (AED 1.4M, 7 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,398,000
Deposit, UAE resident (20%)
AED 279,600
Deposit, non-resident (40%)
AED 559,200
Monthly over 25 years at 3.7%
AED 5,720

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