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2-bed · 900 sqftReva Residences, Business Bay · 3rd floor · completed 2022

303, Reva Residences

Sold prices and rental history: sold once, by the developer in October 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 303 · DLD and Ejari recordsUpdated 2 September 2024
Last soldAED 1.25M8 October 2018
Current rentAED 100K /yr2 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 303, Reva Residences

What is 303 worth today?

Last sold for AED 1,253,340 in 2018

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2 Sep 2024RentedNew contract
AED 100,000/yr24 months · AED 111 per sqft
1 Aug 2023RentedNew contract
AED 87,000/yr12 months · AED 96 per sqft
5 Jan 2023RentedNew contract
AED 96,000/yr12 months · AED 106 per sqft
8 Oct 2018Sold by developerOff-plan
AED 1,253,340AED 1,392 per sqft

Source: Dubai Land Department. Updated 2 September 2024.

Key facts

Type
2-bed apartment
Size
900 sqft
Floor
3rd of 27
Parking
P1-97
Developer
DAMAC
Completed
2022
Service charge
AED 22,300 /yr
Last sold
AED 1.25M · October 2018
Building
Reva Residences

About 303, Reva Residences

303 is a two-bedroom apartment of 900 sqft on the 3rd floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 8 October 2018 for AED 1,253,340, or AED 1,392 per sqft, in line with the AED 1,420 two-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 2 September 2024, is AED 100,000 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 22,300 a year.

Sales and rents for 303 over time

Sales
Unit 303, each saleTypical two-bed in Reva Residences
1.2M1.4M1.6M2018202120242027Typical 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, October 2018: AED 1,253,340 (AED 1,392 per sqft)

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

Rents
Unit 303, each contractTypical two-bed in Reva Residences
100K202220242026Typical 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 96,000 a yearNew contract, August 2023: AED 87,000 a yearNew contract, September 2024: AED 100,000 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 303 sits

All 130 2-beds →

303 last sold in October 2018 at AED 1,392 per sqft, in line with what two-beds in Reva Residences were fetching at the time (AED 1,420). 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. 303's AED 100,000 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 3rd floor

All 600 units in Reva Residences
Value
3011-bedAED 774K · May 2018
3021-bedAED 774K · Apr 2018
3042-bedAED 1.48M · Sep 2026
3051-bedAED 803K · May 2018
3061-bedAED 911K · Jul 2022
3071-bedAED 550K · Oct 2021
3081-bedAED 950K · Mar 2024
1–7 of 22

303, Reva Residences in numbers

  • Sold once: by DAMAC on 8 October 2018 for AED 1,253,340, or AED 1,392 per sqft.
  • Rented since January 2023 on 3 Ejari contracts, from AED 96,000 to AED 100,000 a year.
  • At AED 100,000 a year the gross yield on the 2018 price is 8.0%, before a service charge of about AED 22,300 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 2 September 2024.

Questions about 303, Reva Residences

What did unit 303 last sell for?

AED 1,253,340 on 8 October 2018, sold by the developer: AED 1,392 per sqft for 900 sqft. It is the only registered sale of the unit.

What is the rent for unit 303?

AED 100,000 a year on the contract signed on 2 September 2024. The previous contract, from August 2023, was AED 87,000; the unit has been rented since January 2023.

How big is unit 303?

900 sqft (83.6 sqm): a two-bedroom apartment on the 3rd floor of a 27-storey tower completed in 2022.

What is unit 303 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 303, Reva Residences

Starts from the last sale price (AED 1.25M, 8 October 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,253,340
Deposit, UAE resident (20%)
AED 250,668
Deposit, non-resident (40%)
AED 501,336
Monthly over 25 years at 3.7%
AED 5,128

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