1 bedroom, Reva Residence
Dubai, Business Bay, DAMAC – Reva Residence
44 m²
Property area
2022
Construction year
18 out of 27
Floor
1
Bathroom(s)
Built-in wardrobes
Underground parking
Security
Swimming pool
Spa area
Balcony
AC
Stunning views
Kitchen appliances
Gym
$263 014 ($6 011/m²)
960 000 AED
Dubai Mall
15-min walk
Rental yield: 7,09%
Bus stop
1-min walk
Price growth rate per year: 8%
TOTAL INVESTMENT AMOUNT: $291 436
  • Unit price: $263 014
  • Renovation price: $1 370
  • Furnishings: $2 740
  • Commission: $5 523
  • DLD fee payment: $10 680
  • Transaction registration: $1 151
  • Transaction legal support: $2 192
  • Power of attorney: $822
  • Manager cheque: $3 945

TOTAL RENTAL YIELD PER YEAR: $31 562
  • Rent payments: $2 630 (per month) / $31 562 (per year)

EXPENSES PER YEAR: $10 894
  • Service charge: $2 194
  • Utilities: $658
  • Internet: $1 266
  • AC: $986
  • AC maintenance: $110
  • Management commission: $5 681

NET RENTAL YIELD PER YEAR: $20 668
or 7,09%
Apartment with large terrace in a new building and walking distance to Dubai Mall.

Reva Residence is a new tower in the most famous business district of Business Bay by DAMAC Properties, completed in 2022. The building is located in the Business Bay business district, which is suitable for a busy life: commercial and entertainment facilities are adjacent to walking areas and green spaces.
The project offers a range of premium amenities such as a thermostatically controlled swimming pool, state-of-the-art gym, yoga wellness area, sauna, kids club and covered parking.

Reva Residences residents have easy access to Al Khail Road and Sheikh Zayed Road, allowing them to reach the emirate's prime locations in a minimum amount of time. Dubai Mall, Burj Khalifa, DIFC, Dubai Opera Garden are all within a 5-10 minute drive radius.

1-minute walk to bus stop, 15-minute walk to Dubai Mall and fountains

  • 1 bedroom
  • 1 bathroom
  • Balcony overlooking the canal
  • Area:44 sq. m.
  • Floor 18 (out of 27)
  • Furnished and equipped
  • 1 parking place
  • Vacant

Key tower features:
  • Swimming pool with panoramic views of the skyscrapers
  • Gym
  • Good transportation accessibility
Business Bay is located between the Dubai Water Canal and the Downtown area, close to the metro stations and major traffic arteries as well as a few minutes away by car from the DXB Airport, Dubai Design District, DIFC and DWTC World Center.

The infrastructure of each neighborhood includes everything necessary for work and comfortable living, for example, modern offices, gyms, restaurants, pools and shopping malls.

There are a lot of kindergartens in the community, for example, Kolibri (Hummingbird), Maple Bear, Blossoms, Churchill Towers as well as schools, such as Jumeirah и Safa, Al Quoz, GEMS и Gems Wellington.

Emirates Hospital Clinic is considered one of the best hospitals in the area and is renowned for its excellent diagnostics and experts.

The main attractions of Business Bay are the Al Habtoor City mixed-use complex, the unique La Perle aqua-theatre as well as a variety of panoramic lounges with the great Burj Khalifa views.

Business Bay has previously been announced the best real estate investment area in Dubai. Housing prices have grown by 17% in 2 years in this neighborhood and can be regarded as one of the fastest growth rates on the Dubai real estate market.