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2-bed · 899 sqftVera Residences, Business Bay · 10th floor · completed 2022

1008, Vera Residences

Sold prices and rental history: sold once, by the developer in February 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1008 · DLD and Ejari recordsUpdated 1 October 2025
Last soldAED 1.17M13 February 2018
Current rentAED 108K /yr1 October 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1008, Vera Residences

What is 1008 worth today?

Last sold for AED 1,170,120 in 2018

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1 Oct 2025RentedNew contract
AED 108,000/yr12 months · AED 120 per sqft
24 Sep 2024RentedNew contract
AED 96,500/yr12 months · AED 107 per sqft
24 Sep 2023RentedNew contract
AED 93,500/yr12 months · AED 104 per sqft
24 Sep 2022RentedNew contract
AED 85,000/yr12 months · AED 95 per sqft
13 Feb 2018Sold by developerOff-plan
AED 1,170,120AED 1,301 per sqft

Source: Dubai Land Department. Updated 1 October 2025.

Key facts

Type
2-bed apartment
Size
899 sqft
Floor
10th of 28
Parking
P1-076
Developer
DAMAC
Completed
2022
Service charge
AED 19,800 /yr
Last sold
AED 1.17M · February 2018
Building
Vera Residences

About 1008, Vera Residences

1008 is a two-bedroom apartment of 899 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 13 February 2018 for AED 1,170,120, or AED 1,301 per sqft, in line with the AED 1,331 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 October 2025, is AED 108,000 a year: a gross yield of 9.2% on the 2018 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1008 over time

Sales
Unit 1008, 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 1,170,120 (AED 1,301 per sqft)

1008 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1008, each contractTypical two-bed in Vera Residences
100K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, September 2022: AED 85,000 a yearNew contract, September 2023: AED 93,500 a yearNew contract, September 2024: AED 96,500 a yearNew contract, October 2025: AED 108,000 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 1008 sits

All 225 2-beds →

1008 last sold in February 2018 at AED 1,301 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,331). 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. 1008's AED 108,000 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
10022-bedAED 1.23M · Feb 2018
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
1–7 of 20

1008, Vera Residences in numbers

  • Sold once: by DAMAC on 13 February 2018 for AED 1,170,120, or AED 1,301 per sqft.
  • Rented since September 2022 on 4 Ejari contracts, from AED 85,000 to AED 108,000 a year.
  • At AED 108,000 a year the gross yield on the 2018 price is 9.2%, before a service charge of about AED 19,800 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 1 October 2025.

Questions about 1008, Vera Residences

What did unit 1008 last sell for?

AED 1,170,120 on 13 February 2018, sold by the developer: AED 1,301 per sqft for 899 sqft. It is the only registered sale of the unit.

What is the rent for unit 1008?

AED 108,000 a year on the contract signed on 1 October 2025. The previous contract, from September 2024, was AED 96,500; the unit has been rented since September 2022.

How big is unit 1008?

899 sqft (83.5 sqm): a two-bedroom apartment on the 10th floor of a 28-storey tower completed in 2022.

What is unit 1008 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 1008, Vera Residences

Starts from the last sale price (AED 1.17M, 13 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,170,120
Deposit, UAE resident (20%)
AED 234,024
Deposit, non-resident (40%)
AED 468,048
Monthly over 25 years at 3.7%
AED 4,787

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