2-bed · 908 sqftVera Residences, Business Bay · 12th floor · completed 2022

1204, 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 February 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1204 · DLD and Ejari recordsUpdated 6 February 2024

Last soldAED 1.24M13 February 2018

Current rentAED 113K /yr6 February 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1204, Vera Residences

Today

What is 1204 worth today?

Last sold for AED 1,239,000 in 2018

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6 Feb 2024

6 Feb 2024RentedRenewal

AED 113,300/yr12 months · AED 125 per sqft

6 Feb 2023

6 Feb 2023RentedNew contract

AED 110,000/yr12 months · AED 122 per sqft

13 Feb 2018

13 Feb 2018Sold by developerOff-plan

AED 1,239,000AED 1,364 per sqft

Source: Dubai Land Department. Updated 6 February 2024.

Key facts

Type: 2-bed apartment
Size: 908 sqft
Floor: 12th of 28
Parking: P1-090
Developer: DAMAC
Completed: 2022
Service charge: AED 20,000 /yr
Last sold: AED 1.24M · February 2018
Building: Vera Residences

About 1204, Vera Residences

1204 is a two-bedroom apartment of 908 sqft on the 12th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 13 February 2018 for AED 1,239,000, or AED 1,364 per sqft, in line with the AED 1,331 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 6 February 2024, is AED 113,300 a year: a gross yield of 9.1% on the 2018 price, before the service charge of about AED 20,000 a year.

Sales and rents for 1204 over time

Sales

Unit 1204, each saleTypical two-bed in Vera Residences

1204 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1204, 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 1204 sits

All 225 2-beds →

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

1204 last sold in February 2018 at AED 1,364 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,331). 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. 1204's AED 113,300 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 12th floor

All 522 units in Vera Residences


1201	2-bed	900 sqft	AED 1.94MAED 1,938,060 · Apr 2024April 2024
1202	2-bed	890 sqft	AED 1.24MAED 1,236,000 · Feb 2018February 2018	110,000 /yr
1203	1-bed	513 sqft	AED 990KAED 990,000 · Feb 2024February 2024	92,000 /yr
1205	2-bed	905 sqft	AED 1.49MAED 1,485,000 · Jul 2024July 2024
1206	2-bed	900 sqft	AED 1.2MAED 1,196,000 · Feb 2018February 2018
1207	2-bed	902 sqft	AED 1.2MAED 1,196,000 · Feb 2018February 2018	112,000 /yr
1208	2-bed	899 sqft	AED 865KAED 865,000 · Jun 2021June 2021	120,000 /yr
1209	2-bed	908 sqft	AED 1.75MAED 1,750,000 · Sep 2025September 2025
1210	1-bed	479 sqft	AED 730KAED 730,000 · Feb 2018February 2018	91,000 /yr
1211	1-bed	477 sqft	AED 1.05MAED 1,050,000 · Apr 2024April 2024	64,000 /yr
1212	1-bed	476 sqft	AED 721KAED 721,000 · Mar 2018March 2018	75,000 /yr
1213	1-bed	475 sqft	AED 726KAED 726,000 · Feb 2018February 2018	70,000 /yr
1214	1-bed	479 sqft	AED 736KAED 736,000 · Feb 2018February 2018	72,000 /yr
1215	1-bed	478 sqft	AED 800KAED 800,000 · Jan 2023January 2023	67,000 /yr
1216	1-bed	475 sqft	AED 870KAED 870,000 · Jul 2023July 2023	62,000 /yr
1217	1-bed	475 sqft	AED 751KAED 751,000 · Feb 2018February 2018	70,000 /yr
1218	1-bed	475 sqft	AED 751KAED 751,000 · Feb 2018February 2018	65,000 /yr
1219	1-bed	475 sqft	AED 840KAED 840,000 · Apr 2023April 2023	65,000 /yr
1220	1-bed	474 sqft	AED 1MAED 1,000,000 · Oct 2026October 2026
1221	2-bed	905 sqft	AED 1.5MAED 1,500,000 · Nov 2025November 2025	116,000 /yr

1–7 of 20

1204, Vera Residences in numbers

Sold once: by DAMAC on 13 February 2018 for AED 1,239,000, or AED 1,364 per sqft.
Rented since February 2023 on 2 Ejari contracts, from AED 110,000 to AED 113,300 a year.
At AED 113,300 a year the gross yield on the 2018 price is 9.1%, before a service charge of about AED 20,000 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 6 February 2024.

Questions about 1204, Vera Residences

What did unit 1204 last sell for?

AED 1,239,000 on 13 February 2018, sold by the developer: AED 1,364 per sqft for 908 sqft. It is the only registered sale of the unit.

What is the rent for unit 1204?

AED 113,300 a year on the contract renewed on 6 February 2024. The previous contract, from February 2023, was AED 110,000.

How big is unit 1204?

908 sqft (84.4 sqm): a two-bedroom apartment on the 12th floor of a 28-storey tower completed in 2022.

What is unit 1204 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 1204, Vera Residences

Starts from the last sale price (AED 1.24M, 13 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 1,239,000
Deposit, UAE resident (20%): AED 247,800
Deposit, non-resident (40%): AED 495,600
Monthly over 25 years at 3.7%: AED 5,069

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