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2-bed · 915 sqftReva Residences, Business Bay · 19th floor · completed 2022

1923, Reva Residences

Sold prices and rental history: sold once, by the developer in August 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1923 · DLD and Ejari recordsUpdated 11 January 2024
Last soldAED 1.67M4 August 2022
Current rentAED 93K /yr11 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1923, Reva Residences

What is 1923 worth today?

Last sold for AED 1,665,020 in 2022

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11 Jan 2024RentedRenewal
AED 93,000/yr12 months · AED 103 per sqft
11 Jan 2024RentedRenewal
AED 93,000/yr12 months · AED 102 per sqft
11 Jan 2023RentedNew contract
AED 90,000/yr12 months · AED 98 per sqft
4 Aug 2022Sold by developerReady
AED 1,665,020AED 1,820 per sqft

Source: Dubai Land Department. Updated 11 January 2024.

Key facts

Type
2-bed apartment
Size
915 sqft
Floor
19th of 27
Parking
P1-79
Developer
DAMAC
Completed
2022
Service charge
AED 22,600 /yr
Last sold
AED 1.67M · August 2022
Building
Reva Residences

About 1923, Reva Residences

1923 is a two-bedroom apartment of 915 sqft on the 19th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 4 August 2022 for AED 1,665,020, or AED 1,820 per sqft, 21% above the AED 1,510 two-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 11 January 2024, is AED 93,000 a year: a gross yield of 5.6% on the 2022 price, before the service charge of about AED 22,600 a year.

Sales and rents for 1923 over time

Sales
Unit 1923, 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, August 2022: AED 1,665,020 (AED 1,820 per sqft)

1923 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1923, 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, January 2023: AED 90,000 a yearRenewal, January 2024: AED 93,000 a yearRenewal, January 2024: AED 93,000 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 1923 sits

All 130 2-beds →

1923 last sold in August 2022 at AED 1,820 per sqft, 21% above 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. 1923's AED 93,000 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 19th floor

All 600 units in Reva Residences
Value
19011-bedAED 885K · Oct 2023
19021-bedAED 810K · Nov 2018
19032-bedAED 1.83M · Jul 2025
19042-bedAED 1.3M · Oct 2018
19051-bedAED 1.06M · Oct 2024
19061-bedAED 840K · Oct 2018
19071-bedAED 1.04M · Jul 2025
1–7 of 22

1923, Reva Residences in numbers

  • Sold once: by DAMAC on 4 August 2022 for AED 1,665,020, or AED 1,820 per sqft.
  • Rented since January 2023 on 3 Ejari contracts, from AED 90,000 to AED 93,000 a year.
  • At AED 93,000 a year the gross yield on the 2022 price is 5.6%, 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 11 January 2024.

Questions about 1923, Reva Residences

What did unit 1923 last sell for?

AED 1,665,020 on 4 August 2022, sold by the developer: AED 1,820 per sqft for 915 sqft. It is the only registered sale of the unit.

What is the rent for unit 1923?

AED 93,000 a year on the contract renewed on 11 January 2024. The previous contract, from January 2024, was AED 93,000; the unit has been rented since January 2023.

How big is unit 1923?

915 sqft (85.0 sqm): a two-bedroom apartment on the 19th floor of a 27-storey tower completed in 2022.

What is unit 1923 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 1923, Reva Residences

Starts from the last sale price (AED 1.67M, 4 August 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,665,020
Deposit, UAE resident (20%)
AED 333,004
Deposit, non-resident (40%)
AED 666,008
Monthly over 25 years at 3.7%
AED 6,812

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