2-bed · 914 sqftReva Residences, Business Bay · 5th floor · completed 2022

511, Reva Residences

Sold prices and rental history: sold once, by the developer in September 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 511 · DLD and Ejari recordsUpdated 23 September 2019
Last soldAED 1.31M23 September 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 511, Reva Residences

What is 511 worth today?

Last sold for AED 1,308,000 in 2019

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23 Sep 2019Sold by developerOff-plan
AED 1,308,000AED 1,430 per sqft

Source: Dubai Land Department. Updated 23 September 2019.

Key facts

Type
2-bed apartment
Size
914 sqft
Floor
5th of 27
Parking
P1-109
Developer
DAMAC
Completed
2022
Service charge
AED 22,600 /yr
Last sold
AED 1.31M · September 2019

About 511, Reva Residences

511 is a two-bedroom apartment of 914 sqft on the 5th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 23 September 2019 for AED 1,308,000, or AED 1,430 per sqft, in line with the AED 1,438 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 511 over time

Sales
Unit 511, 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, September 2019: AED 1,308,000 (AED 1,430 per sqft)

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

Rents
Unit 511, 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 511 sits

All 130 2-beds →

511 last sold in September 2019 at AED 1,430 per sqft, in line with what two-beds in Reva Residences were fetching at the time (AED 1,438). 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 5th floor

All 600 units in Reva Residences
Value
5011-bedAED 765K · Jun 2022
5021-bedAED 1.02M · Jul 2025
5032-bedAED 1.27M · Nov 2019
5042-bedAED 1.29M · Nov 2019
5051-bedAED 863K · Jul 2022
5061-bedAED 1.1M · Feb 2025
5071-bedAED 794K · Jan 2020
1–7 of 22

511, Reva Residences in numbers

  • Sold once: by DAMAC on 23 September 2019 for AED 1,308,000, or AED 1,430 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 23 September 2019.

Questions about 511, Reva Residences

What did unit 511 last sell for?

AED 1,308,000 on 23 September 2019, sold by the developer: AED 1,430 per sqft for 914 sqft. It is the only registered sale of the unit.

How big is unit 511?

914 sqft (84.9 sqm): a two-bedroom apartment on the 5th floor of a 27-storey tower completed in 2022.

What is unit 511 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 511, Reva Residences

Starts from the last sale price (AED 1.31M, 23 September 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,308,000
Deposit, UAE resident (20%)
AED 261,600
Deposit, non-resident (40%)
AED 523,200
Monthly over 25 years at 3.7%
AED 5,351

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