1-bed · 471 sqftReva Residences, Business Bay · 5th floor · completed 2022

513, Reva Residences

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

Unit 513 · DLD and Ejari recordsUpdated 2 January 2025
Last soldAED 795K1 July 2022
Current rentAED 67K /yr2 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 513, Reva Residences

What is 513 worth today?

Last sold for AED 794,850 in 2022

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2 Jan 2025RentedRenewal
AED 67,000/yr12 months · AED 142 per sqft
2 Jan 2024RentedNew contract
AED 67,000/yr12 months · AED 142 per sqft
29 Dec 2022RentedNew contract
AED 67,000/yr12 months · AED 141 per sqft
1 Jul 2022Sold by developerReady
AED 794,850AED 1,689 per sqft

Source: Dubai Land Department. Updated 2 January 2025.

Key facts

Type
1-bed apartment
Size
471 sqft
Floor
5th of 27
Parking
B-100
Developer
DAMAC
Completed
2022
Service charge
AED 11,600 /yr
Last sold
AED 795K · July 2022

About 513, Reva Residences

513 is a one-bedroom apartment of 471 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 1 July 2022 for AED 794,850, or AED 1,689 per sqft, 7% below the AED 1,823 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 2 January 2025, is AED 67,000 a year: a gross yield of 8.4% on the 2022 price, before the service charge of about AED 11,600 a year.

Sales and rents for 513 over time

Sales
Unit 513, 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, July 2022: AED 794,850 (AED 1,689 per sqft)

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

Rents
Unit 513, each contractTypical one-bed in Reva Residences
65K70K75K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 70,000New contract, December 2022: AED 67,000 a yearNew contract, January 2024: AED 67,000 a yearRenewal, January 2025: AED 67,000 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 513 sits

All 470 1-beds →

513 last sold in July 2022 at AED 1,689 per sqft, 7% below what one-beds in Reva Residences were fetching at the time (AED 1,823). 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. 513's AED 67,000 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 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

513, Reva Residences in numbers

  • Sold once: by DAMAC on 1 July 2022 for AED 794,850, or AED 1,689 per sqft.
  • Rented since December 2022 on 3 Ejari contracts, at AED 67,000 a year.
  • At AED 67,000 a year the gross yield on the 2022 price is 8.4%, before a service charge of about AED 11,600 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 2 January 2025.

Questions about 513, Reva Residences

What did unit 513 last sell for?

AED 794,850 on 1 July 2022, sold by the developer: AED 1,689 per sqft for 471 sqft. It is the only registered sale of the unit.

What is the rent for unit 513?

AED 67,000 a year on the contract renewed on 2 January 2025. The previous contract, from January 2024, was AED 67,000; the unit has been rented since December 2022.

How big is unit 513?

471 sqft (43.8 sqm): a one-bedroom apartment on the 5th floor of a 27-storey tower completed in 2022.

What is unit 513 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 513, Reva Residences

Starts from the last sale price (AED 795K, 1 July 2022). Switch to today's estimate once you have unlocked it.
Price
AED 794,850
Deposit, UAE resident (20%)
AED 158,970
Deposit, non-resident (40%)
AED 317,940
Monthly over 25 years at 3.7%
AED 3,252

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