Home
Dubai prices
About
Blog
2-bed · 899 sqftVera Residences, Business Bay · 11th floor · completed 2022

1108, Vera Residences

Sold prices and rental history: sold once, by the developer in August 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1108 · DLD and Ejari recordsUpdated 26 September 2024
Last soldAED 1.2M26 August 2018
Current rentAED 78K /yr26 September 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
Follow 1108

Property timeline for 1108, Vera Residences

What is 1108 worth today?

Last sold for AED 1,200,562 in 2018

Unlock today's estimate, updated daily, with

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

26 Sep 2024RentedRenewal
AED 78,000/yr12 months · AED 86 per sqft
26 Sep 2023RentedRenewal
AED 78,000/yr12 months · AED 86 per sqft
26 Sep 2022RentedNew contract
AED 78,000/yr12 months · AED 86 per sqft
26 Aug 2018Sold by developerOff-plan
AED 1,200,562AED 1,335 per sqft

Source: Dubai Land Department. Updated 26 September 2024.

Key facts

Type
2-bed apartment
Size
899 sqft
Floor
11th of 28
Parking
P1-085
Developer
DAMAC
Completed
2022
Service charge
AED 19,800 /yr
Last sold
AED 1.2M · August 2018
Building
Vera Residences

About 1108, Vera Residences

1108 is a two-bedroom apartment of 899 sqft on the 11th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 26 August 2018 for AED 1,200,562, or AED 1,335 per sqft, in line with the AED 1,359 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 26 September 2024, is AED 78,000 a year: a gross yield of 6.5% on the 2018 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1108 over time

Sales
Unit 1108, each saleTypical two-bed in Vera Residences
1.2M1.4M1.6M2018202120242027Typical sale price by year: 2018 AED 1,233,000; 2019 AED 1,286,500; 2020 AED 1,200,562; 2021 AED 1,263,000; 2022 AED 1,409,800; 2023 AED 1,450,000; 2024 AED 1,500,000; 2025 AED 1,540,000; 2026 AED 1,539,573Sold by developer, August 2018: AED 1,200,562 (AED 1,335 per sqft)

1108 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1108, each contractTypical two-bed in Vera Residences
80K100K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, September 2022: AED 78,000 a yearRenewal, September 2023: AED 78,000 a yearRenewal, September 2024: AED 78,000 a year

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 1108 sits

All 225 2-beds →

1108 last sold in August 2018 at AED 1,335 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,359). 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. 1108's AED 78,000 is in the lower half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20261,350,000
14 Sep 20261,546,373
26 Aug 20261,532,772
16 Jul 20261,513,848
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 11th floor

All 522 units in Vera Residences
Value
11012-bedAED 1.2M · May 2018
11022-bedAED 1.53M · Aug 2026
11031-bedAED 975K · Oct 2023
11042-bedAED 1.31M · Jun 2019
11052-bedAED 1.46M · Nov 2024
11062-bedAED 1.4M · Oct 2024
11072-bedAED 1.4M · Nov 2024
1–7 of 20

1108, Vera Residences in numbers

  • Sold once: by DAMAC on 26 August 2018 for AED 1,200,562, or AED 1,335 per sqft.
  • Rented since September 2022 on 3 Ejari contracts, at AED 78,000 a year.
  • At AED 78,000 a year the gross yield on the 2018 price is 6.5%, before a service charge of about AED 19,800 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 26 September 2024.

Questions about 1108, Vera Residences

What did unit 1108 last sell for?

AED 1,200,562 on 26 August 2018, sold by the developer: AED 1,335 per sqft for 899 sqft. It is the only registered sale of the unit.

What is the rent for unit 1108?

AED 78,000 a year on the contract renewed on 26 September 2024. The previous contract, from September 2023, was AED 78,000; the unit has been rented since September 2022.

How big is unit 1108?

899 sqft (83.5 sqm): a two-bedroom apartment on the 11th floor of a 28-storey tower completed in 2022.

What is unit 1108 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.

Selling 1108? 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 1108, Vera Residences

Starts from the last sale price (AED 1.2M, 26 August 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,200,562
Deposit, UAE resident (20%)
AED 240,112
Deposit, non-resident (40%)
AED 480,225
Monthly over 25 years at 3.7%
AED 4,912

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