1-bed · 475 sqftVera Residences, Business Bay · 10th floor · completed 2022

1016, Vera Residences

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold twice, last in February 2024, and rented once, from October 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 1016

Unit 1016 · DLD and Ejari recordsUpdated 12 October 2026

Last soldAED 940K27 February 2024

Current rentAED 50K /yr12 October 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 1016

Property timeline for 1016, Vera Residences

Today

What is 1016 worth today?

Last sold for AED 940,000 in 2024

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

12 Oct 2026

12 Oct 2026RentedRenewal

AED 50,139/yr12 months · AED 106 per sqft

27 Feb 2024

27 Feb 2024SoldReady

AED 940,000AED 1,979 per sqft

20 Feb 2018

20 Feb 2018Sold by developerOff-plan

AED 749,000AED 1,577 per sqft

Source: Dubai Land Department. Updated 12 October 2026.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 10th of 28
Parking: B-077
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 940K · February 2024
Building: Vera Residences

About 1016, Vera Residences

1016 is a one-bedroom apartment of 475 sqft on the 10th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 27 February 2024 for AED 940,000, or AED 1,979 per sqft, 3% above the AED 1,921 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 12 October 2026. The current contract, renewed on 12 October 2026, is AED 50,139 a year: a gross yield of 5.3% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1016 over time

Sales

Unit 1016, each saleTypical one-bed in Vera Residences

1016 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1016, each contractTypical one-bed in Vera Residences

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

1-beds in Vera Residences, and where 1016 sits

All 293 1-beds →

1-beds in Vera Residences · last 12 months2,225 /sqft Vera Residences · all types2,097 /sqft

1016 last sold in February 2024 at AED 1,979 per sqft, 3% above what one-beds in Vera Residences were fetching at the time (AED 1,921). Over the last 12 months one-beds sold for AED 940,000 to 1,254,000, around AED 2,225 per sqft, and rent for AED 29,219 to 140,000 a year. 1016's AED 50,139 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
19 Oct 202619 October 2026	475 sqft	940,000	1,979
16 Oct 202616 October 2026	474 sqft	1,000,000	2,107
19 Aug 202619 August 2026	513 sqft	1,254,000	2,445
18 Aug 202618 August 2026	513 sqft	1,141,000	2,225

13 1-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


1001	2-bed	900 sqft	AED 1.46MAED 1,456,000 · Jul 2024July 2024	100,000 /yr
1002	2-bed	890 sqft	AED 1.23MAED 1,234,000 · Feb 2018February 2018	135,000 /yr
1003	1-bed	513 sqft	AED 877KAED 877,100 · Aug 2022August 2022	68,000 /yr
1004	2-bed	908 sqft	AED 1.42MAED 1,422,750 · Feb 2022February 2022	105,000 /yr
1005	2-bed	905 sqft	AED 1.29MAED 1,290,464 · May 2022May 2022
1006	2-bed	900 sqft	AED 1.29MAED 1,293,600 · May 2022May 2022	95,000 /yr
1007	2-bed	902 sqft	AED 1.19MAED 1,194,000 · Feb 2018February 2018	92,000 /yr
1008	2-bed	899 sqft	AED 1.17MAED 1,170,120 · Feb 2018February 2018	108,000 /yr
1009	2-bed	908 sqft	AED 1.2MAED 1,202,000 · Feb 2018February 2018	86,767 /yr
1010	1-bed	479 sqft	AED 861KAED 861,000 · May 2022May 2022	73,500 /yr
1011	1-bed	477 sqft	AED 804KAED 803,551 · Jun 2022June 2022
1012	1-bed	476 sqft	AED 1.09MAED 1,085,000 · Mar 2024March 2024
1013	1-bed	475 sqft	AED 724KAED 724,000 · Feb 2018February 2018	78,500 /yr
1014	1-bed	479 sqft	AED 735KAED 735,000 · Feb 2018February 2018	70,000 /yr
1015	1-bed	478 sqft	AED 759KAED 759,000 · Feb 2018February 2018	70,000 /yr
1017	1-bed	475 sqft	AED 749KAED 749,000 · Feb 2018February 2018	73,500 /yr
1018	1-bed	475 sqft	AED 829KAED 829,000 · Jul 2022July 2022	80,000 /yr
1019	1-bed	475 sqft	AED 1.03MAED 1,030,000 · Jul 2026July 2026	64,000 /yr
1020	1-bed	474 sqft	AED 740KAED 740,000 · May 2023May 2023	75,000 /yr
1021	2-bed	905 sqft	AED 1.42MAED 1,419,600 · Mar 2022March 2022	118,000 /yr

1–7 of 20

1016, Vera Residences in numbers

Sold twice: first on 20 February 2018 for AED 749,000, last on 27 February 2024 for AED 940,000 (AED 1,979 per sqft).
Rented since October 2026 on one Ejari contract, at AED 50,139 a year.
At AED 50,139 a year the gross yield on the 2024 price is 5.3%, before a service charge of about AED 10,500 a year (AED 22.04 per sqft).
One-beds in Vera Residences sold for AED 940,000–1,254,000 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 12 October 2026.

Questions about 1016, Vera Residences

What did unit 1016 last sell for?

AED 940,000 on 27 February 2024: AED 1,979 per sqft for 475 sqft. The unit has 2 registered sales; the first was AED 749,000 in February 2018.

What is the rent for unit 1016?

AED 50,139 a year on the contract renewed on 12 October 2026.

How big is unit 1016?

475 sqft (44.1 sqm): a one-bedroom apartment on the 10th floor of a 28-storey tower completed in 2022.

What is unit 1016 worth today?

The YallaValue estimate is updated daily and free after a one-time verification by WhatsApp, email or Google. One-beds in Vera Residences sold for AED 940,000 to 1,254,000 in the last 12 months, around AED 2,225 per sqft.

Selling 1016? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1016, Vera Residences

Starts from the last sale price (AED 940K, 27 February 2024). Switch to today's estimate once you have unlocked it.

Price: AED 940,000
Deposit, UAE resident (20%): AED 188,000
Deposit, non-resident (40%): AED 376,000
Monthly over 25 years at 3.7%: AED 3,846

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