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1-bed · 513 sqftVera Residences, Business Bay · 12th floor · completed 2022

1203, Vera Residences

Sold prices and rental history: sold 3 times, last in February 2024, and rented once, from February 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1203 · DLD and Ejari recordsUpdated 14 February 2026
Last soldAED 990K9 February 2024
Current rentAED 92K /yr14 February 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1203, Vera Residences

What is 1203 worth today?

Last sold for AED 990,000 in 2024

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14 Feb 2026RentedNew contract
AED 92,000/yr12 months · AED 178 per sqft
9 Feb 2024SoldReady
AED 990,000AED 1,930 per sqft
18 Oct 2022SoldReady
AED 700,000AED 1,365 per sqft
12 Feb 2018Sold by developerOff-plan
AED 749,000AED 1,583 per sqft

Source: Dubai Land Department. Updated 14 February 2026.

Key facts

Type
1-bed apartment
Size
513 sqft
Floor
12th of 28
Parking
B-094
Developer
DAMAC
Completed
2022
Service charge
AED 11,300 /yr
Last sold
AED 990K · February 2024
Building
Vera Residences

About 1203, Vera Residences

1203 is a one-bedroom apartment of 513 sqft on the 12th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 9 February 2024 for AED 990,000, or AED 1,930 per sqft, in line with the AED 1,916 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 14 February 2026. The current contract, signed on 14 February 2026, is AED 92,000 a year: a gross yield of 9.3% on the 2024 price, before the service charge of about AED 11,300 a year.

Sales and rents for 1203 over time

Sales
Unit 1203, 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, February 2018: AED 749,000 (AED 1,583 per sqft)Sold, October 2022: AED 700,000 (AED 1,365 per sqft)Sold, February 2024: AED 990,000 (AED 1,930 per sqft)

1203 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1203, each contractTypical one-bed in Vera Residences
80K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 67,000New contract, February 2026: AED 92,000 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 1203 sits

All 293 1-beds →

1203 last sold in February 2024 at AED 1,930 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,916). 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. 1203's AED 92,000 is in the upper 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 12th floor

All 522 units in Vera Residences
Value
12012-bedAED 1.94M · Apr 2024
12022-bedAED 1.24M · Feb 2018
12042-bedAED 1.24M · Feb 2018
12052-bedAED 1.49M · Jul 2024
12062-bedAED 1.2M · Feb 2018
12072-bedAED 1.2M · Feb 2018
12082-bedAED 865K · Jun 2021
1–7 of 20

1203, Vera Residences in numbers

  • Sold 3 times: first on 12 February 2018 for AED 749,000, last on 9 February 2024 for AED 990,000 (AED 1,930 per sqft).
  • Rented since February 2026 on one Ejari contract, at AED 92,000 a year.
  • At AED 92,000 a year the gross yield on the 2024 price is 9.3%, before a service charge of about AED 11,300 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 14 February 2026.

Questions about 1203, Vera Residences

What did unit 1203 last sell for?

AED 990,000 on 9 February 2024: AED 1,930 per sqft for 513 sqft. The unit has 3 registered sales; the first was AED 749,000 in February 2018.

What is the rent for unit 1203?

AED 92,000 a year on the contract signed on 14 February 2026.

How big is unit 1203?

513 sqft (47.7 sqm): a one-bedroom apartment on the 12th floor of a 28-storey tower completed in 2022.

What is unit 1203 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 1203, Vera Residences

Starts from the last sale price (AED 990K, 9 February 2024). Switch to today's estimate once you have unlocked it.
Price
AED 990,000
Deposit, UAE resident (20%)
AED 198,000
Deposit, non-resident (40%)
AED 396,000
Monthly over 25 years at 3.7%
AED 4,050

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