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

1017, 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 once, by the developer in February 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1017 · DLD and Ejari recordsUpdated 3 November 2025

Last soldAED 749K20 February 2018

Current rentAED 74K /yr3 November 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1017, Vera Residences

Today

What is 1017 worth today?

Last sold for AED 749,000 in 2018

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3 Nov 2025

3 Nov 2025RentedRenewal

AED 73,500/yr12 months · AED 155 per sqft

3 Oct 2024

3 Oct 2024RentedRenewal

AED 73,500/yr13 months · AED 155 per sqft

3 Oct 2023

3 Oct 2023RentedNew contract

AED 70,000/yr12 months · AED 148 per sqft

20 Feb 2018

20 Feb 2018Sold by developerOff-plan

AED 749,000AED 1,577 per sqft

Source: Dubai Land Department. Updated 3 November 2025.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 10th of 28
Parking: B-078
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 749K · February 2018
Building: Vera Residences

About 1017, Vera Residences

1017 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. The developer sold it on 20 February 2018 for AED 749,000, or AED 1,577 per sqft, in line with the AED 1,574 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 3 November 2025, is AED 73,500 a year: a gross yield of 9.8% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1017 over time

Sales

Unit 1017, each saleTypical one-bed in Vera Residences

1017 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1017, 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 1017 sits

All 293 1-beds →

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

1017 last sold in February 2018 at AED 1,577 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,574). 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. 1017's AED 73,500 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
1016	1-bed	475 sqft	AED 940KAED 940,000 · Feb 2024February 2024	50,139 /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

1017, Vera Residences in numbers

Sold once: by DAMAC on 20 February 2018 for AED 749,000, or AED 1,577 per sqft.
Rented since October 2023 on 3 Ejari contracts, from AED 70,000 to AED 73,500 a year.
At AED 73,500 a year the gross yield on the 2018 price is 9.8%, 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 3 November 2025.

Questions about 1017, Vera Residences

What did unit 1017 last sell for?

AED 749,000 on 20 February 2018, sold by the developer: AED 1,577 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 1017?

AED 73,500 a year on the contract renewed on 3 November 2025. The previous contract, from October 2024, was AED 73,500; the unit has been rented since October 2023.

How big is unit 1017?

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

What is unit 1017 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.

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Mortgage on 1017, Vera Residences

Starts from the last sale price (AED 749K, 20 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 749,000
Deposit, UAE resident (20%): AED 149,800
Deposit, non-resident (40%): AED 299,600
Monthly over 25 years at 3.7%: AED 3,064

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