1-bed · 476 sqftReva Residences, Business Bay · 8th floor · completed 2022

817, Reva Residences

Sold prices and rental history: sold twice, last in May 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 817 · DLD and Ejari recordsUpdated 27 September 2024
Last soldAED 850K24 May 2024
Current rentAED 68K /yr27 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 817, Reva Residences

What is 817 worth today?

Last sold for AED 850,000 in 2024

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27 Sep 2024RentedRenewal
AED 67,760/yr12 months · AED 143 per sqft
24 May 2024SoldReady
AED 850,000AED 1,787 per sqft
27 Sep 2023RentedRenewal
AED 61,600/yr12 months · AED 130 per sqft
27 Sep 2022RentedNew contract
AED 56,000/yr12 months · AED 118 per sqft
8 Oct 2018Sold by developerOff-plan
AED 775,000AED 1,663 per sqft

Source: Dubai Land Department. Updated 27 September 2024.

Key facts

Type
1-bed apartment
Size
476 sqft
Floor
8th of 27
Parking
B-48
Developer
DAMAC
Completed
2022
Service charge
AED 11,800 /yr
Last sold
AED 850K · May 2024

About 817, Reva Residences

817 is a one-bedroom apartment of 476 sqft on the 8th floor of Reva Residences, a 27-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 24 May 2024 for AED 850,000, or AED 1,787 per sqft, 9% below the AED 1,961 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 27 September 2024, is AED 67,760 a year: a gross yield of 8.0% on the 2024 price, before the service charge of about AED 11,800 a year.

Sales and rents for 817 over time

Sales
Unit 817, each saleTypical one-bed in Reva Residences
800K1M2018202120242027Typical 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, October 2018: AED 775,000 (AED 1,663 per sqft)Sold, May 2024: AED 850,000 (AED 1,787 per sqft)

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

Rents
Unit 817, each contractTypical one-bed in Reva Residences
60K70K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 70,000New contract, September 2022: AED 56,000 a yearRenewal, September 2023: AED 61,600 a yearRenewal, September 2024: AED 67,760 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 817 sits

All 470 1-beds →

817 last sold in May 2024 at AED 1,787 per sqft, 9% below what one-beds in Reva Residences were fetching at the time (AED 1,961). 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. 817's AED 67,760 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 8th floor

All 600 units in Reva Residences
Value
8011-bedAED 784K · Apr 2018
8021-bedAED 950K · May 2026
8032-bedAED 1.28M · May 2020
8042-bedAED 1.28M · Apr 2019
8051-bedAED 804K · Feb 2019
8061-bedAED 1M · Sep 2025
8071-bedAED 786K · Apr 2018
1–7 of 22

817, Reva Residences in numbers

  • Sold twice: first on 8 October 2018 for AED 775,000, last on 24 May 2024 for AED 850,000 (AED 1,787 per sqft).
  • Rented since September 2022 on 3 Ejari contracts, from AED 56,000 to AED 67,760 a year.
  • At AED 67,760 a year the gross yield on the 2024 price is 8.0%, before a service charge of about AED 11,800 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 27 September 2024.

Questions about 817, Reva Residences

What did unit 817 last sell for?

AED 850,000 on 24 May 2024: AED 1,787 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 775,000 in October 2018.

What is the rent for unit 817?

AED 67,760 a year on the contract renewed on 27 September 2024. The previous contract, from September 2023, was AED 61,600; the unit has been rented since September 2022.

How big is unit 817?

476 sqft (44.2 sqm): a one-bedroom apartment on the 8th floor of a 27-storey tower completed in 2022.

What is unit 817 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 817, Reva Residences

Starts from the last sale price (AED 850K, 24 May 2024). Switch to today's estimate once you have unlocked it.
Price
AED 850,000
Deposit, UAE resident (20%)
AED 170,000
Deposit, non-resident (40%)
AED 340,000
Monthly over 25 years at 3.7%
AED 3,478

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