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2-bed · 890 sqftVera Residences, Business Bay · 10th floor · completed 2022

1002, Vera Residences

Sold prices and rental history: sold once, by the developer in February 2018, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1002 · DLD and Ejari recordsUpdated 18 December 2025
Last soldAED 1.23M7 February 2018
Current rentAED 135K /yr18 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1002, Vera Residences

What is 1002 worth today?

Last sold for AED 1,234,000 in 2018

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18 Dec 2025RentedRenewal
AED 135,000/yr12 months · AED 152 per sqft
18 Dec 2024RentedNew contract
AED 132,000/yr12 months · AED 148 per sqft
18 Dec 2024RentedNew contract
AED 132,000/yr12 months · AED 148 per sqft
7 Feb 2018Sold by developerOff-plan
AED 1,234,000AED 1,385 per sqft

Source: Dubai Land Department. Updated 18 December 2025.

Key facts

Type
2-bed apartment
Size
890 sqft
Floor
10th of 28
Parking
P2-002
Developer
DAMAC
Completed
2022
Service charge
AED 19,600 /yr
Last sold
AED 1.23M · February 2018
Building
Vera Residences

About 1002, Vera Residences

1002 is a two-bedroom apartment of 890 sqft on the 10th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 7 February 2018 for AED 1,234,000, or AED 1,385 per sqft, 3% above the AED 1,340 two-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, renewed on 18 December 2025, is AED 135,000 a year: a gross yield of 10.9% on the 2018 price, before the service charge of about AED 19,600 a year.

Sales and rents for 1002 over time

Sales
Unit 1002, each saleTypical two-bed in Vera Residences
1.2M1.4M1.6M2018202120242027Typical sale price by year: 2018 AED 1,233,000; 2019 AED 1,286,500; 2020 AED 1,200,562; 2021 AED 1,263,000; 2022 AED 1,409,800; 2023 AED 1,450,000; 2024 AED 1,500,000; 2025 AED 1,540,000; 2026 AED 1,539,573Sold by developer, February 2018: AED 1,234,000 (AED 1,385 per sqft)

1002 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1002, each contractTypical two-bed in Vera Residences
100K125K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, December 2024: AED 132,000 a yearNew contract, December 2024: AED 132,000 a yearRenewal, December 2025: AED 135,000 a year

Annual rent on each registered contract; the dashed line is the two-bed median of each year in the building.

2-beds in Vera Residences, and where 1002 sits

All 225 2-beds →

1002 last sold in February 2018 at AED 1,385 per sqft, 3% above what two-beds in Vera Residences were fetching at the time (AED 1,340). Over the last 12 months two-beds sold for AED 500,000 to 2,118,000, around AED 1,707 per sqft, and rent for AED 45,000 to 140,700 a year. 1002's AED 135,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20261,350,000
14 Sep 20261,546,373
26 Aug 20261,532,772
16 Jul 20261,513,848
12 2-bed sales in the last 12 months

Vera Residences

Building

522 apartments, studios to 2-bed over 28 floors in Business Bay, completed in 2022 by DAMAC. 25 sold in the last 12 months.

Typical price per sqft
AED 2,097 Down 4.6%
Typical sale
AED 1.2M
Typical rent
AED 82K /yr
Typical yield
6.1%
Vera Residences, Business Bay: prices, sales and rents →

Other units on the 10th floor

All 522 units in Vera Residences
Value
10012-bedAED 1.46M · Jul 2024
10031-bedAED 877K · Aug 2022
10042-bedAED 1.42M · Feb 2022
10052-bedAED 1.29M · May 2022
10062-bedAED 1.29M · May 2022
10072-bedAED 1.19M · Feb 2018
10082-bedAED 1.17M · Feb 2018
1–7 of 20

1002, Vera Residences in numbers

  • Sold once: by DAMAC on 7 February 2018 for AED 1,234,000, or AED 1,385 per sqft.
  • Rented since December 2024 on 3 Ejari contracts, from AED 132,000 to AED 135,000 a year.
  • At AED 135,000 a year the gross yield on the 2018 price is 10.9%, before a service charge of about AED 19,600 a year (AED 22.04 per sqft).
  • Two-beds in Vera Residences sold for AED 500,000–2,118,000 in the 12 months to November 2026; the building's median across all types is AED 2,097 per sqft.

Source: Dubai Land Department. Updated 18 December 2025.

Questions about 1002, Vera Residences

What did unit 1002 last sell for?

AED 1,234,000 on 7 February 2018, sold by the developer: AED 1,385 per sqft for 890 sqft. It is the only registered sale of the unit.

What is the rent for unit 1002?

AED 135,000 a year on the contract renewed on 18 December 2025. The previous contract, from December 2024, was AED 132,000; the unit has been rented since December 2024.

How big is unit 1002?

890 sqft (82.7 sqm): a two-bedroom apartment on the 10th floor of a 28-storey tower completed in 2022.

What is unit 1002 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. Two-beds in Vera Residences sold for AED 500,000 to 2,118,000 in the last 12 months, around AED 1,707 per sqft.

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Mortgage on 1002, Vera Residences

Starts from the last sale price (AED 1.23M, 7 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,234,000
Deposit, UAE resident (20%)
AED 246,800
Deposit, non-resident (40%)
AED 493,600
Monthly over 25 years at 3.7%
AED 5,049

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