2-bed · 914 sqftReva Residences, Business Bay · 3rd floor · completed 2022

311, Reva Residences

Sold prices and rental history: sold once, by the developer in December 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 311 · DLD and Ejari recordsUpdated 18 December 2018
Last soldAED 1.3M18 December 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 311, Reva Residences

What is 311 worth today?

Last sold for AED 1,304,000 in 2018

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18 Dec 2018Sold by developerOff-plan
AED 1,304,000AED 1,426 per sqft

Source: Dubai Land Department. Updated 18 December 2018.

Key facts

Type
2-bed apartment
Size
914 sqft
Floor
3rd of 27
Parking
P1-99
Developer
DAMAC
Completed
2022
Service charge
AED 22,600 /yr
Last sold
AED 1.3M · December 2018

About 311, Reva Residences

311 is a two-bedroom apartment of 914 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 18 December 2018 for AED 1,304,000, or AED 1,426 per sqft, in line with the AED 1,426 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 311 over time

Sales
Unit 311, 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, December 2018: AED 1,304,000 (AED 1,426 per sqft)

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

Rents
Unit 311, 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 99,599

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 311 sits

All 130 2-beds →

311 last sold in December 2018 at AED 1,426 per sqft, in line with what two-beds in Reva Residences were fetching at the time (AED 1,426). 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.

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
3032-bedAED 1.25M · Oct 2018
3042-bedAED 1.48M · Sep 2026
3051-bedAED 803K · May 2018
3061-bedAED 911K · Jul 2022
3071-bedAED 550K · Oct 2021
1–7 of 22

311, Reva Residences in numbers

  • Sold once: by DAMAC on 18 December 2018 for AED 1,304,000, or AED 1,426 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 18 December 2018.

Questions about 311, Reva Residences

What did unit 311 last sell for?

AED 1,304,000 on 18 December 2018, sold by the developer: AED 1,426 per sqft for 914 sqft. It is the only registered sale of the unit.

How big is unit 311?

914 sqft (84.9 sqm): a two-bedroom apartment on the 3rd floor of a 27-storey tower completed in 2022.

What is unit 311 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 311, Reva Residences

Starts from the last sale price (AED 1.3M, 18 December 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,304,000
Deposit, UAE resident (20%)
AED 260,800
Deposit, non-resident (40%)
AED 521,600
Monthly over 25 years at 3.7%
AED 5,335

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