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1-bed · 474 sqftVera Residences, Business Bay · 10th floor · completed 2022

1020, Vera Residences

Sold prices and rental history: sold twice, last in May 2023, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1020 · DLD and Ejari recordsUpdated 19 June 2025
Last soldAED 740K29 May 2023
Current rentAED 75K /yr19 June 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1020, Vera Residences

What is 1020 worth today?

Last sold for AED 740,000 in 2023

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19 Jun 2025RentedRenewal
AED 75,000/yr12 months · AED 158 per sqft
19 Jun 2024RentedRenewal
AED 75,000/yr12 months · AED 158 per sqft
19 Jun 2023RentedNew contract
AED 65,000/yr12 months · AED 137 per sqft
29 May 2023SoldReady
AED 740,000AED 1,559 per sqft
9 May 2022Sold by developerOff-plan
AED 871,500AED 1,836 per sqft

Source: Dubai Land Department. Updated 19 June 2025.

Key facts

Type
1-bed apartment
Size
474 sqft
Floor
10th of 28
Parking
B-081
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 740K · May 2023
Building
Vera Residences

About 1020, Vera Residences

1020 is a one-bedroom apartment of 474 sqft on the 10th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 29 May 2023 for AED 740,000, or AED 1,559 per sqft, 7% below the AED 1,683 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 19 June 2025, is AED 75,000 a year: a gross yield of 10.1% on the 2023 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1020 over time

Sales
Unit 1020, each saleTypical one-bed in Vera Residences
500K750K1M2018202120242027Typical sale price by year: 2018 AED 753,000; 2019 AED 741,560; 2021 AED 590,000; 2022 AED 829,500; 2023 AED 900,000; 2024 AED 1,072,500; 2025 AED 1,100,000; 2026 AED 1,100,000Sold by developer, May 2022: AED 871,500 (AED 1,836 per sqft)Sold, May 2023: AED 740,000 (AED 1,559 per sqft)

1020 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1020, each contractTypical one-bed in Vera Residences
65K70K75K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 67,000New contract, June 2023: AED 65,000 a yearRenewal, June 2024: AED 75,000 a yearRenewal, June 2025: AED 75,000 a year

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 1020 sits

All 293 1-beds →

1020 last sold in May 2023 at AED 1,559 per sqft, 7% below what one-beds in Vera Residences were fetching at the time (AED 1,683). 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. 1020's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Oct 2026940,000
16 Oct 20261,000,000
19 Aug 20261,254,000
18 Aug 20261,141,000
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
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

1020, Vera Residences in numbers

  • Sold twice: first on 9 May 2022 for AED 871,500, last on 29 May 2023 for AED 740,000 (AED 1,559 per sqft).
  • Rented since June 2023 on 3 Ejari contracts, from AED 65,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2023 price is 10.1%, 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 19 June 2025.

Questions about 1020, Vera Residences

What did unit 1020 last sell for?

AED 740,000 on 29 May 2023: AED 1,559 per sqft for 474 sqft. The unit has 2 registered sales; the first was AED 871,500 in May 2022.

What is the rent for unit 1020?

AED 75,000 a year on the contract renewed on 19 June 2025. The previous contract, from June 2024, was AED 75,000; the unit has been rented since June 2023.

How big is unit 1020?

474 sqft (44.0 sqm): a one-bedroom apartment on the 10th floor of a 28-storey tower completed in 2022.

What is unit 1020 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 1020, Vera Residences

Starts from the last sale price (AED 740K, 29 May 2023). Switch to today's estimate once you have unlocked it.
Price
AED 740,000
Deposit, UAE resident (20%)
AED 148,000
Deposit, non-resident (40%)
AED 296,000
Monthly over 25 years at 3.7%
AED 3,028

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