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2-bed · 905 sqftReva Residences, Business Bay · 2nd floor · completed 2022

204, Reva Residences

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

Unit 204 · DLD and Ejari recordsUpdated 1 November 2024
Last soldAED 1.27M11 April 2019
Current rentAED 110K /yr1 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 204, Reva Residences

What is 204 worth today?

Last sold for AED 1,271,000 in 2019

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1 Nov 2024RentedRenewal
AED 110,000/yr12 months · AED 120 per sqft
1 Nov 2023RentedNew contract
AED 90,000/yr12 months · AED 98 per sqft
1 Nov 2022RentedNew contract
AED 90,000/yr12 months · AED 98 per sqft
11 Apr 2019Sold by developerOff-plan
AED 1,271,000AED 1,404 per sqft

Source: Dubai Land Department. Updated 1 November 2024.

Key facts

Type
2-bed apartment
Size
905 sqft
Floor
2nd of 27
Parking
P1-93
Developer
DAMAC
Completed
2022
Service charge
AED 22,400 /yr
Last sold
AED 1.27M · April 2019
Building
Reva Residences

About 204, Reva Residences

204 is a two-bedroom apartment of 905 sqft on the 2nd floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 11 April 2019 for AED 1,271,000, or AED 1,404 per sqft, in line with the AED 1,430 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 1 November 2024, is AED 110,000 a year: a gross yield of 8.6% on the 2019 price, before the service charge of about AED 22,400 a year.

Sales and rents for 204 over time

Sales
Unit 204, 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, April 2019: AED 1,271,000 (AED 1,404 per sqft)

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

Rents
Unit 204, 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 yearNew contract, November 2023: AED 90,000 a yearRenewal, November 2024: AED 110,000 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 204 sits

All 130 2-beds →

204 last sold in April 2019 at AED 1,404 per sqft, in line with what two-beds in Reva Residences were fetching at the time (AED 1,430). 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. 204's AED 110,000 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 2nd floor

All 600 units in Reva Residences
Value
2011-bedAED 772K · Apr 2018
2021-bedAED 975K · Jul 2024
2032-bedAED 1.27M · Nov 2023
2051-bedAED 1M · Jul 2025
2061-bedAED 823K · Jul 2018
2071-bedAED 775K · Apr 2018
2081-bedAED 788K · Sep 2018
1–7 of 22

204, Reva Residences in numbers

  • Sold once: by DAMAC on 11 April 2019 for AED 1,271,000, or AED 1,404 per sqft.
  • Rented since November 2022 on 3 Ejari contracts, from AED 90,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2019 price is 8.6%, before a service charge of about AED 22,400 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 November 2024.

Questions about 204, Reva Residences

What did unit 204 last sell for?

AED 1,271,000 on 11 April 2019, sold by the developer: AED 1,404 per sqft for 905 sqft. It is the only registered sale of the unit.

What is the rent for unit 204?

AED 110,000 a year on the contract renewed on 1 November 2024. The previous contract, from November 2023, was AED 90,000; the unit has been rented since November 2022.

How big is unit 204?

905 sqft (84.1 sqm): a two-bedroom apartment on the 2nd floor of a 27-storey tower completed in 2022.

What is unit 204 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 204, Reva Residences

Starts from the last sale price (AED 1.27M, 11 April 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,271,000
Deposit, UAE resident (20%)
AED 254,200
Deposit, non-resident (40%)
AED 508,400
Monthly over 25 years at 3.7%
AED 5,200

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