2-bed · 905 sqftVera Residences, Business Bay · 10th floor · completed 2022

1021, 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 March 2022, and rented once, from January 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1021 · DLD and Ejari recordsUpdated 5 January 2023

Last soldAED 1.42M4 March 2022

Current rentAED 118K /yr5 January 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1021, Vera Residences

Today

What is 1021 worth today?

Last sold for AED 1,419,600 in 2022

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5 Jan 2023

5 Jan 2023RentedNew contract

AED 118,000/yr12 months · AED 130 per sqft

4 Mar 2022

4 Mar 2022Sold by developerOff-plan

AED 1,419,600AED 1,568 per sqft

Source: Dubai Land Department. Updated 5 January 2023.

Key facts

Type: 2-bed apartment
Size: 905 sqft
Floor: 10th of 28
Parking: P1-078
Developer: DAMAC
Completed: 2022
Service charge: AED 19,900 /yr
Last sold: AED 1.42M · March 2022
Building: Vera Residences

About 1021, Vera Residences

1021 is a two-bedroom apartment of 905 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 4 March 2022 for AED 1,419,600, or AED 1,568 per sqft, 3% above the AED 1,515 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 5 January 2023. The current contract, signed on 5 January 2023, is AED 118,000 a year: a gross yield of 8.3% on the 2022 price, before the service charge of about AED 19,900 a year.

Sales and rents for 1021 over time

Sales

Unit 1021, each saleTypical two-bed in Vera Residences

1021 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1021, each contractTypical two-bed in Vera Residences

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 1021 sits

All 225 2-beds →

2-beds in Vera Residences · last 12 months1,707 /sqft Vera Residences · all types2,097 /sqft

1021 last sold in March 2022 at AED 1,568 per sqft, 3% above what two-beds in Vera Residences were fetching at the time (AED 1,515). 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. 1021's AED 118,000 is in the upper half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
29 Oct 202629 October 2026	897 sqft	1,350,000	1,505
14 Sep 202614 September 2026	902 sqft	1,546,373	1,714
26 Aug 202626 August 2026	890 sqft	1,532,772	1,721
16 Jul 202616 July 2026	890 sqft	1,513,848	1,700

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


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
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

1–7 of 20

1021, Vera Residences in numbers

Sold once: by DAMAC on 4 March 2022 for AED 1,419,600, or AED 1,568 per sqft.
Rented since January 2023 on one Ejari contract, at AED 118,000 a year.
At AED 118,000 a year the gross yield on the 2022 price is 8.3%, before a service charge of about AED 19,900 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 5 January 2023.

Questions about 1021, Vera Residences

What did unit 1021 last sell for?

AED 1,419,600 on 4 March 2022, sold by the developer: AED 1,568 per sqft for 905 sqft. It is the only registered sale of the unit.

What is the rent for unit 1021?

AED 118,000 a year on the contract signed on 5 January 2023.

How big is unit 1021?

905 sqft (84.1 sqm): a two-bedroom apartment on the 10th floor of a 28-storey tower completed in 2022.

What is unit 1021 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 1021, Vera Residences

Starts from the last sale price (AED 1.42M, 4 March 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,419,600
Deposit, UAE resident (20%): AED 283,920
Deposit, non-resident (40%): AED 567,840
Monthly over 25 years at 3.7%: AED 5,808

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