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1-bed · 474 sqftReva Residences, Business Bay · 24th floor · completed 2022

2402, 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 2402 · DLD and Ejari recordsUpdated 20 November 2024
Last soldAED 829K14 March 2019
Current rentAED 73K /yr20 November 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2402, Reva Residences

What is 2402 worth today?

Last sold for AED 829,000 in 2019

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20 Nov 2024RentedNew contract
AED 73,333/yr36 months · AED 155 per sqft
1 Nov 2023RentedRenewal
AED 65,100/yr12 months · AED 137 per sqft
1 Nov 2022RentedNew contract
AED 62,000/yr12 months · AED 131 per sqft
14 Mar 2019Sold by developerOff-plan
AED 829,000AED 1,747 per sqft

Source: Dubai Land Department. Updated 20 November 2024.

Key facts

Type
1-bed apartment
Size
474 sqft
Floor
24th of 27
Parking
P2-35
Developer
DAMAC
Completed
2022
Service charge
AED 11,700 /yr
Last sold
AED 829K · March 2019
Building
Reva Residences

About 2402, Reva Residences

2402 is a one-bedroom apartment of 474 sqft on the 24th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 14 March 2019 for AED 829,000, or AED 1,747 per sqft, in line with the AED 1,715 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 20 November 2024, is AED 73,333 a year: a gross yield of 8.8% on the 2019 price, before the service charge of about AED 11,700 a year.

Sales and rents for 2402 over time

Sales
Unit 2402, each saleTypical one-bed in Reva Residences
800K900K1M2018202120242027Typical sale price by year: 2018 AED 800,000; 2019 AED 813,000; 2020 AED 860,000; 2021 AED 792,000; 2022 AED 851,620; 2023 AED 850,000; 2024 AED 1,000,000; 2025 AED 1,000,000; 2026 AED 950,000Sold by developer, March 2019: AED 829,000 (AED 1,747 per sqft)

2402 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2402, each contractTypical one-bed in Reva Residences
60K70K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 70,000New contract, November 2022: AED 62,000 a yearRenewal, November 2023: AED 65,100 a yearNew contract, November 2024: AED 73,333 a year

Annual rent on each registered contract; the dashed line is the one-bed median of each year in the building.

1-beds in Reva Residences, and where 2402 sits

All 470 1-beds →

2402 last sold in March 2019 at AED 1,747 per sqft, in line with what one-beds in Reva Residences were fetching at the time (AED 1,715). Over the last 12 months one-beds sold for AED 480,000 to 1,150,000, around AED 2,080 per sqft, and rent for AED 35,000 to 115,500 a year. 2402's AED 73,333 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
2 Nov 20261,000,000
5 Oct 2026850,000
2 Oct 2026950,000
23 Sep 2026900,000
28 1-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 24th floor

All 600 units in Reva Residences
Value
24011-bedAED 883K · Jul 2022
24032-bedAED 2.08M · Sep 2025
24042-bedAED 1.65M · Dec 2024
24051-bedAED 1M · Oct 2024
24061-bedAED 820K · Jan 2024
24071-bedAED 895K · May 2024
24081-bedAED 855K · Feb 2019
1–7 of 22

2402, Reva Residences in numbers

  • Sold once: by DAMAC on 14 March 2019 for AED 829,000, or AED 1,747 per sqft.
  • Rented since November 2022 on 3 Ejari contracts, from AED 62,000 to AED 73,333 a year.
  • At AED 73,333 a year the gross yield on the 2019 price is 8.8%, before a service charge of about AED 11,700 a year (AED 24.73 per sqft).
  • One-beds in Reva Residences sold for AED 480,000–1,150,000 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 20 November 2024.

Questions about 2402, Reva Residences

What did unit 2402 last sell for?

AED 829,000 on 14 March 2019, sold by the developer: AED 1,747 per sqft for 474 sqft. It is the only registered sale of the unit.

What is the rent for unit 2402?

AED 73,333 a year on the contract signed on 20 November 2024. The previous contract, from November 2023, was AED 65,100; the unit has been rented since November 2022.

How big is unit 2402?

474 sqft (44.0 sqm): a one-bedroom apartment on the 24th floor of a 27-storey tower completed in 2022.

What is unit 2402 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Reva Residences sold for AED 480,000 to 1,150,000 in the last 12 months, around AED 2,080 per sqft.

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Mortgage on 2402, Reva Residences

Starts from the last sale price (AED 829K, 14 March 2019). Switch to today's estimate once you have unlocked it.
Price
AED 829,000
Deposit, UAE resident (20%)
AED 165,800
Deposit, non-resident (40%)
AED 331,600
Monthly over 25 years at 3.7%
AED 3,392

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