2-bed · 914 sqftReva Residences, Business Bay · 6th floor · completed 2022

616, Reva Residences

Sold prices and rental history: sold 3 times, last in December 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 616 · DLD and Ejari recordsUpdated 27 December 2024
Last soldAED 1.39M27 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 616, Reva Residences

What is 616 worth today?

Last sold for AED 1,387,200 in 2024

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27 Dec 2024SoldReady
AED 1,387,200AED 1,517 per sqft
2 Mar 2023SoldReady
AED 1,258,409AED 1,376 per sqft
18 Feb 2020Sold by developerOff-plan
AED 1,356,000AED 1,483 per sqft

Source: Dubai Land Department. Updated 27 December 2024.

Key facts

Type
2-bed apartment
Size
914 sqft
Floor
6th of 27
Parking
P2-01
Developer
DAMAC
Completed
2022
Service charge
AED 22,600 /yr
Last sold
AED 1.39M · December 2024

About 616, Reva Residences

616 is a two-bedroom apartment of 914 sqft on the 6th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 27 December 2024 for AED 1,387,200, or AED 1,517 per sqft, 12% below the AED 1,719 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 616 over time

Sales
Unit 616, 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, February 2020: AED 1,356,000 (AED 1,483 per sqft)Sold, March 2023: AED 1,258,409 (AED 1,376 per sqft)Sold, December 2024: AED 1,387,200 (AED 1,517 per sqft)

616 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 616, 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 616 sits

All 130 2-beds →

616 last sold in December 2024 at AED 1,517 per sqft, 12% below what two-beds in Reva Residences were fetching at the time (AED 1,719). 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 6th floor

All 600 units in Reva Residences
Value
6011-bedAED 780K · Mar 2020
6021-bedAED 792K · Aug 2021
6032-bedAED 1.29M · Oct 2021
6042-bedAED 1.28M · Oct 2019
6051-bedAED 800K · Jan 2025
6061-bedAED 910K · May 2024
6071-bedAED 956K · Jul 2022
1–7 of 22

616, Reva Residences in numbers

  • Sold 3 times: first on 18 February 2020 for AED 1,356,000, last on 27 December 2024 for AED 1,387,200 (AED 1,517 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 27 December 2024.

Questions about 616, Reva Residences

What did unit 616 last sell for?

AED 1,387,200 on 27 December 2024: AED 1,517 per sqft for 914 sqft. The unit has 3 registered sales; the first was AED 1,356,000 in February 2020.

How big is unit 616?

914 sqft (84.9 sqm): a two-bedroom apartment on the 6th floor of a 27-storey tower completed in 2022.

What is unit 616 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 616, Reva Residences

Starts from the last sale price (AED 1.39M, 27 December 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,387,200
Deposit, UAE resident (20%)
AED 277,440
Deposit, non-resident (40%)
AED 554,880
Monthly over 25 years at 3.7%
AED 5,675

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