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BuildingBusiness Bay · DAMAC · 2022

Vera Residences

Studios to two-beds in Business Bay. 25 apartments sold in the last 12 months; every sale, rent and unit is below.

Last 12 monthsUpdated 15 November 2026
Typical price per sqftAED 2,097Down 4.3% on the year
Typical saleAED 1.2M25 sales
Typical rentAED 82K /yrAED 127 per sqft
Typical yield6.1%AED 22.04/sqft charge

About Vera Residences

Vera Residences is a 28-storey apartment building in Business Bay, in central Dubai beside Downtown Dubai. DAMAC completed it in 2022, and it is freehold. The building has 522 apartments, from studios to two-bedrooms, with sizes ranging from 43 to 1,043 sqft. Its neighbours include Majestine Allure and J One Tower A and Tower B. Business Bay metro station (Red Line) is on the Sheikh Zayed Road side of the district, and Burj Khalifa/Dubai Mall station is one stop north, about 2.1 km from the building. Within walking distance are a minimarket and Bayside Park 5 (both about 100 m), a hospital (about 200 m), and Bay Square and First Path Montessori early childhood centre (both about 300 m).

522 apartments over 28 floors: 4 studios of 318 to 358 sqft, 293 one-beds of 43 to 608 sqft and 225 two-beds of 475 to 1,043 sqft. The service charge is AED 22.04 per sqft a year.

25 apartments sold in the 12 months to November 2026, at a median of AED 2,097 per sqft, down 4.3% on the year before. Most of the trading is in one-beds: 13 of the 25 sales, at AED 940,000 to 1,254,000. 358 rental contracts were registered over the same 12 months, at a typical AED 82,000 a year.

YallaValue estimates what the apartments in Vera Residences are worth today, home by home, and updates the estimates daily. An estimate is free: choose the unit in the list on this page and verify once by WhatsApp, email or Google.

Developer
DAMAC
Completed
2022
Floors
28
Units
522
Unit types
Studio to 2-bed

Business Bay, Dubai

Average prices in Vera Residences

In Vera Residences, typical sale prices over the last 12 months were around AED 1,100,000 for one-beds and AED 1,520,000 for two-beds.

Last 12 months of DLD sales, median per type. Each type links to its own page with every unit and its history.

Price history in Vera Residences

1,0002,000May 2026Nov 20262025-11-24: AED 2,527, 1-bed, 475 sqft2025-11-24: AED 1,657, 2-bed, 905 sqft2025-12-10: AED 1,668, 2-bed, 899 sqft2025-12-18: AED 2,164, 1-bed, 485 sqft2026-01-27: AED 1,608, 2-bed, 902 sqft2026-02-26: AED 1,810, 2-bed, 906 sqft2026-03-01: AED 2,097, 2-bed, 906 sqft2026-03-25: AED 2,277, 1-bed, 483 sqft2026-03-30: AED 552, 2-bed, 905 sqft2026-03-30: AED 2,527, 1-bed, 475 sqft2026-04-08: AED 2,242, 1-bed, 513 sqft2026-04-17: AED 2,172, 2-bed, 897 sqft2026-05-05: AED 2,340, 2-bed, 905 sqft2026-07-15: AED 1,950, 1-bed, 487 sqft2026-07-16: AED 1,700, 2-bed, 890 sqft2026-07-22: AED 2,169, 1-bed, 475 sqft2026-07-29: AED 2,344, 1-bed, 478 sqft2026-08-04: AED 2,094, 1-bed, 485 sqft2026-08-18: AED 2,225, 1-bed, 513 sqft2026-08-19: AED 2,445, 1-bed, 513 sqft2026-08-26: AED 1,721, 2-bed, 890 sqft2026-09-14: AED 1,714, 2-bed, 902 sqft2026-10-16: AED 2,107, 1-bed, 474 sqft2026-10-19: AED 1,979, 1-bed, 475 sqft2026-10-29: AED 1,505, 2-bed, 897 sqftTrend: AED 2,083 to AED 2,008

Every registered sale in the last 12 months; the dashed line is the trend within those 12 months, grey dots are flagged outliers left out of it.

Transaction history in Vera Residences

  • Completed2-bed · 896 sqft 29 Oct 2026AED 1,350,0001,505 /sqft
  • Completed1-bed · 474 sqft 19 Oct 2026AED 940,0001,980 /sqft
  • Completed1-bed · 474 sqft 16 Oct 2026AED 1,000,0002,108 /sqft
  • Completed2-bed · 901 sqft 14 Sep 2026AED 1,546,3731,715 /sqft
  • Completed2-bed · 890 sqft 26 Aug 2026AED 1,532,7721,721 /sqft
  • Completed1-bed · 512 sqft 19 Aug 2026AED 1,254,0002,445 /sqft
  • Completed1-bed · 512 sqft 18 Aug 2026AED 1,141,0002,225 /sqft
  • Completed1-bed · 484 sqft 04 Aug 2026AED 1,015,0002,095 /sqft
  • Completed1-bed · 477 sqft 29 Jul 2026AED 1,120,0002,345 /sqft
  • Completed1-bed · 474 sqft 22 Jul 2026AED 1,030,0002,169 /sqft

Over the last 12 months, Vera Residences has recorded 25 apartment sales. Typical homes sold for around AED 1.2M (about AED 2,097 per sqft) with a median size of 513 sqft; most were one-beds, from roughly AED 500K to AED 2.12M.

1–10 of 748

Units in Vera Residences

522 units
  • Unit 4012-bed · 900 sqftSold AED 1.29M, Jul 2019
  • Unit 4022-bed · 890 sqftSold AED 1.28M, Aug 2018
  • Unit 4031-bed · 473 sqftSold AED 780K, Mar 2018
  • Unit 4042-bed · 908 sqftSold AED 1.27M, Oct 2019
  • Unit 4052-bed · 907 sqftSold AED 1.32M, Mar 2019
  • Unit 4062-bed · 997 sqftSold AED 1.57M, Jul 2022
  • Unit 4072-bed · 1,043 sqftSold AED 1.7M, Mar 2025
  • Unit 4082-bed · 901 sqftSold AED 1.48M, Jul 2019
  • Unit 4092-bed · 906 sqftSold AED 1.52M, Oct 2018
  • Unit 4101-bed · 479 sqftSold AED 775K, Mar 2018
1–10 of 522
Every unit in Vera Residences, by number

By type: studios (4), one-beds (293), two-beds (225).

Nearby in Business Bay

All 187 →
BuildingSale /sqftYield
Majestine AllureAED 1,5577.2%
J One Tower AAED 1,7707.3%
J One Tower BAED 3,4204.9%
The CrestmarkAED 2,596
Reva ResidencesAED 1,9827.2%
1–5 of 186 · nearest first

Vera Residences in numbers

  • Across 25 DLD sales in the 12 months to November 2026, the median price in Vera Residences was AED 2,097 per sqft and the typical home sold for about AED 1.2M.
  • Completed in 2022 by DAMAC; 28 floors of studios to two-beds; service charge AED 22.04 per sqft a year.
  • One-beds of 43 to 608 sqft sold for AED 940,000 to 1,254,000 between November 2025 and October 2026, a median AED 2,225 per sqft.
  • An one-bed of 43 to 608 sqft rents for AED 29,219 to 140,000 a year on the 201 contracts registered in the last 12 months.
  • Gross rental yield 6.1%: the median rent per sqft over the median sale price per sqft, before service charges.

Source: YallaValue analysis of Dubai Land Department records. Updated 15 November 2026.

Questions

How much does an one-bed in Vera Residences cost?

13 one-beds sold in the 12 months to November 2026, for AED 940,000 to 1,254,000; the median was AED 1,100,000, or AED 2,225 per sqft. Across all 25 sales in Vera Residences, of every type, the median was AED 1,200,000, or AED 2,097 per sqft.

How much is an one-bed for rent in Vera Residences?

About AED 70,000 a year: that is the median of the 201 contracts for one-beds registered with Ejari in the 12 months to November 2026, from AED 29,219 to 140,000. Across all 358 contracts in Vera Residences, of every type, the median was AED 82,000 a year.

What is my apartment in Vera Residences worth?

YallaValue keeps an estimate for the apartments in Vera Residences, home by home, updated daily. It is free: choose your unit in the list on this page and verify once by WhatsApp, email or Google. For a guide before that: 13 one-beds sold for AED 940,000 to 1,254,000 in the 12 months to November 2026.

What is the rental yield in Vera Residences?

About 6.1% gross across the building, from about 6.7% for two-beds to 6.5% for one-beds, before service charges: the median rent per sqft over the median sale price per sqft in the last 12 months.

Have prices in Vera Residences gone up?

The median price per sqft fell from about AED 2,191 to AED 2,097 over the 12 months to November 2026, down 4.3%, on 25 sales against 46 the year before.

What is the service charge in Vera Residences?

AED 22.04 per sqft a year, on the 2025 rate we hold on record. For a typical 513 sqft home that is about AED 11,300 a year.

Who built Vera Residences and when?

DAMAC; completed in 2022; 28 floors; 522 apartments.

How many apartments are there in Vera Residences?

522, studios to two-beds. Each has its own page with its full sales and rental history.

Work it out for a home here: how much a rent can rise, the service charge for its size or a mortgage.

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