1-bed · 475 sqftVera Residences, Business Bay · 11th floor · completed 2022

1118, 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 4 times, last in September 2025, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1118 · DLD and Ejari recordsUpdated 2 October 2026

Last soldAED 1.1M19 September 2025

Current rentAED 65K /yr2 October 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1118, Vera Residences

Today

What is 1118 worth today?

Last sold for AED 1,100,000 in 2025

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2 Oct 2026

2 Oct 2026RentedRenewal

AED 65,000/yr12 months · AED 137 per sqft

2 Oct 2025

2 Oct 2025RentedNew contract

AED 75,000/yr12 months · AED 158 per sqft

19 Sep 2025

19 Sep 2025SoldReady

AED 1,100,000AED 2,316 per sqft

19 Jul 2022

19 Jul 2022SoldReady

AED 690,000AED 1,453 per sqft

11 Feb 2022

11 Feb 2022SoldOff-plan

AED 550,000AED 1,158 per sqft

6 May 2018

6 May 2018Sold by developerOff-plan

AED 632,225AED 1,331 per sqft

Source: Dubai Land Department. Updated 2 October 2026.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 11th of 28
Parking: B-091
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 1.1M · September 2025
Building: Vera Residences

About 1118, Vera Residences

1118 is a one-bedroom apartment of 475 sqft on the 11th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 19 September 2025 for AED 1,100,000, or AED 2,316 per sqft, 4% above the AED 2,217 one-beds in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, renewed on 2 October 2026, is AED 65,000 a year: a gross yield of 5.9% on the 2025 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1118 over time

Sales

Unit 1118, each saleTypical one-bed in Vera Residences

1118 has sold 4 times; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1118, 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 1118 sits

All 293 1-beds →

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

1118 last sold in September 2025 at AED 2,316 per sqft, 4% above what one-beds in Vera Residences were fetching at the time (AED 2,217). 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. 1118's AED 65,000 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 11th floor

All 522 units in Vera Residences


1101	2-bed	900 sqft	AED 1.2MAED 1,200,562 · May 2018May 2018	115,500 /yr
1102	2-bed	890 sqft	AED 1.53MAED 1,532,772 · Aug 2026August 2026	110,000 /yr
1103	1-bed	513 sqft	AED 975KAED 975,000 · Oct 2023October 2023	52,000 /yr
1104	2-bed	908 sqft	AED 1.31MAED 1,312,000 · Jun 2019June 2019	85,000 /yr
1105	2-bed	905 sqft	AED 1.46MAED 1,462,291 · Nov 2024November 2024	118,000 /yr
1106	2-bed	900 sqft	AED 1.4MAED 1,400,000 · Oct 2024October 2024	126,000 /yr
1107	2-bed	902 sqft	AED 1.4MAED 1,400,000 · Nov 2024November 2024	116,000 /yr
1108	2-bed	899 sqft	AED 1.2MAED 1,200,562 · Aug 2018August 2018	78,000 /yr
1109	2-bed	908 sqft	AED 1.64MAED 1,637,000 · Jul 2023July 2023	102,000 /yr
1110	1-bed	479 sqft	AED 863KAED 863,100 · Apr 2022April 2022	73,500 /yr
1111	1-bed	477 sqft	AED 1.1MAED 1,100,000 · Sep 2025September 2025
1112	1-bed	476 sqft	AED 627KAED 626,901 · Sep 2018September 2018	60,000 /yr
1113	1-bed	485 sqft	AED 1.08MAED 1,075,000 · Aug 2025August 2025	50,000 /yr
1114	1-bed	485 sqft	AED 640KAED 640,211 · Sep 2018September 2018	58,000 /yr
1115	1-bed	478 sqft	AED 640KAED 640,211 · May 2018May 2018	60,000 /yr
1116	1-bed	475 sqft	AED 632KAED 632,225 · Feb 2018February 2018	71,400 /yr
1117	1-bed	475 sqft	AED 632KAED 632,225 · Sep 2018September 2018	65,000 /yr
1119	1-bed	475 sqft	AED 1.01MAED 1,010,000 · Aug 2025August 2025
1120	1-bed	474 sqft	AED 910KAED 910,000 · Nov 2023November 2023
1121	2-bed	905 sqft	AED 1.21MAED 1,205,886 · May 2018May 2018	105,000 /yr

1–7 of 20

1118, Vera Residences in numbers

Sold 4 times: first on 6 May 2018 for AED 632,225, last on 19 September 2025 for AED 1,100,000 (AED 2,316 per sqft).
Rented since October 2025 on 2 Ejari contracts, from AED 75,000 to AED 65,000 a year.
At AED 65,000 a year the gross yield on the 2025 price is 5.9%, 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 2 October 2026.

Questions about 1118, Vera Residences

What did unit 1118 last sell for?

AED 1,100,000 on 19 September 2025: AED 2,316 per sqft for 475 sqft. The unit has 4 registered sales; the first was AED 632,225 in May 2018.

What is the rent for unit 1118?

AED 65,000 a year on the contract renewed on 2 October 2026. The previous contract, from October 2025, was AED 75,000.

How big is unit 1118?

475 sqft (44.1 sqm): a one-bedroom apartment on the 11th floor of a 28-storey tower completed in 2022.

What is unit 1118 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 1118, Vera Residences

Starts from the last sale price (AED 1.1M, 19 September 2025). Switch to today's estimate once you have unlocked it.

Price: AED 1,100,000
Deposit, UAE resident (20%): AED 220,000
Deposit, non-resident (40%): AED 440,000
Monthly over 25 years at 3.7%: AED 4,500

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