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

1018, 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 July 2022, and rented once, from February 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1018 · DLD and Ejari recordsUpdated 5 February 2025

Last soldAED 829K22 July 2022

Current rentAED 80K /yr5 February 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1018, Vera Residences

Today

What is 1018 worth today?

Last sold for AED 829,000 in 2022

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5 Feb 2025

5 Feb 2025RentedNew contract

AED 80,000/yr12 months · AED 168 per sqft

22 Jul 2022

22 Jul 2022Sold by developerReady

AED 829,000AED 1,746 per sqft

Source: Dubai Land Department. Updated 5 February 2025.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 10th of 28
Parking: B-079
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 829K · July 2022
Building: Vera Residences

About 1018, Vera Residences

1018 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 22 July 2022 for AED 829,000, or AED 1,746 per sqft, 4% below the AED 1,823 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 February 2025. The current contract, signed on 5 February 2025, is AED 80,000 a year: a gross yield of 9.7% on the 2022 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1018 over time

Sales

Unit 1018, each saleTypical one-bed in Vera Residences

1018 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1018, 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 1018 sits

All 293 1-beds →

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

1018 last sold in July 2022 at AED 1,746 per sqft, 4% below what one-beds in Vera Residences were fetching at the time (AED 1,823). 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. 1018's AED 80,000 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
1017	1-bed	475 sqft	AED 749KAED 749,000 · Feb 2018February 2018	73,500 /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

1018, Vera Residences in numbers

Sold once: by DAMAC on 22 July 2022 for AED 829,000, or AED 1,746 per sqft.
Rented since February 2025 on one Ejari contract, at AED 80,000 a year.
At AED 80,000 a year the gross yield on the 2022 price is 9.7%, 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 5 February 2025.

Questions about 1018, Vera Residences

What did unit 1018 last sell for?

AED 829,000 on 22 July 2022, sold by the developer: AED 1,746 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 1018?

AED 80,000 a year on the contract signed on 5 February 2025.

How big is unit 1018?

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

What is unit 1018 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 1018, Vera Residences

Starts from the last sale price (AED 829K, 22 July 2022). Switch to today's estimate once you have unlocked it.

Price: AED 829,000
Deposit, UAE resident (20%): AED 165,800
Deposit, non-resident (40%): AED 331,600
Monthly over 25 years at 3.7%: AED 3,392

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