REVA RESIDENCES

Ready

DeveloperDAMAC WORLD REAL ESTATE L.L.C

CommunityBusiness Bay

AreaBusiness Bay

Started

7 years 9 months ago15-04-2018

Handover

3 years 6 months ago30-06-2022

Status

CompleteFinished

Project Description

Project consists of a B+G+3P+26+R , tower of residential units.It is designed to have a concrete structure and block with internal and external finishes.

Performance Alpha

Momentum: Last 90Dvs Last 12M Baseline

Falling

-6%

Decline

Current:AED 1,811/sqft

Last 12M:AED 1,933/sqft

Momentum: Last 12Mvs Prior Year

Stable

-1%

Decline

Last 12M:AED 1,933/sqft

Prior Year:AED 1,961/sqft

Community Compare: Last 90DBusiness Bay

Discount

-27%

Below Avg

Project:AED 1,811/sqft

Community:AED 2,497/sqft

Liquidity: Last 12MExit Speed

Moderate

13%Turnover

76Sold (Last 12M)

Supply & Demand Matrix

REVA RESIDENCES averaged 13% liquidity over the last 12 months, which is considered moderate. High velocity indicates an active secondary market with easier exit potential. Lower velocity suggests long-term holds or cooling demand.

Type

Absorption (L12M)

Velocity

1 Bedroom

470 units

55 sold415 left

12%

Velocity

2 Bedrooms

130 units

21 sold109 left

16%

Velocity

Shop

4 units

0 sold4 left

Velocity

Layouts & Units (604)

Units	Type	Beds	Size	Avg Price	Last Price	Last Sold	Sales
Units 90 units	Type Flat	Beds 2 B/R	Size 914 sqft	Avg Price AED 1.2M	Last Price AED 61K	Last Sold 18 days ago	Sales 47

Units 15 units	Type Flat	Beds 2 B/R	Size 900 sqft	Avg Price AED 1.3M	Last Price AED 1.5M	Last Sold 24 days ago	Sales 6

Units 68 units	Type Flat	Beds 1 B/R	Size 473 sqft	Avg Price AED 958K	Last Price AED 1.1M	Last Sold 29 days ago	Sales 29

Units 352 units	Type Flat	Beds 1 B/R	Size 471 sqft	Avg Price AED 938K	Last Price AED 1.1M	Last Sold about 1 month ago	Sales 187

Units 10 units	Type Flat	Beds 2 B/R	Size 918 sqft	Avg Price AED 1.6M	Last Price AED 1.7M	Last Sold about 2 months ago	Sales 7

Units 42 units	Type Flat	Beds 1 B/R	Size 466 sqft	Avg Price AED 945K	Last Price AED 1.0M	Last Sold 2 months ago	Sales 23

Units 10 units	Type Flat	Beds 2 B/R	Size 905 sqft	Avg Price AED 1.7M	Last Price AED 2.1M	Last Sold 5 months ago	Sales 4

Units 111	Type Flat	Beds 2 B/R	Size 1,080 sqft	Avg Price AED 1.4M	Last Price AED 1.6M	Last Sold about 1 year ago	Sales 2

Units RETAIL 1	Type Shop	Beds —	Size 849 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL 2	Type Shop	Beds —	Size 954 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL 4	Type Shop	Beds —	Size 1,014 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units RETAIL 3	Type Shop	Beds —	Size 1,023 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 105	Type Flat	Beds 1 B/R	Size 614 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 106	Type Flat	Beds 1 B/R	Size 642 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 107	Type Flat	Beds 1 B/R	Size 662 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 108	Type Flat	Beds 1 B/R	Size 682 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 2 units	Type Flat	Beds 1 B/R	Size 693 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 222	Type Flat	Beds 1 B/R	Size 744 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 221	Type Flat	Beds 1 B/R	Size 759 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 103	Type Flat	Beds 2 B/R	Size 897 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 2 units	Type Flat	Beds 2 B/R	Size 911 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

Units 223	Type Flat	Beds 2 B/R	Size 1,142 sqft	Avg Price —	Last Price —	Last Sold —	Sales —

22 unique layouts covering 604 units