2-bed · 899 sqftVera Residences, Business Bay · 12th floor · completed 2022

1208, 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 twice, last in June 2021, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1208 · DLD and Ejari recordsUpdated 29 January 2025

Last soldAED 865K10 June 2021

Current rentAED 120K /yr29 January 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1208, Vera Residences

Today

What is 1208 worth today?

Last sold for AED 865,000 in 2021

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29 Jan 2025

29 Jan 2025RentedNew contract

AED 120,000/yr12 months · AED 133 per sqft

29 Jan 2025

29 Jan 2025RentedNew contract

AED 120,000/yr12 months · AED 133 per sqft

20 Dec 2023

20 Dec 2023RentedNew contract

AED 115,000/yr12 months · AED 127 per sqft

12 Nov 2022

12 Nov 2022RentedNew contract

AED 130,000/yr12 months · AED 144 per sqft

10 Jun 2021

10 Jun 2021SoldOff-plan

AED 865,000AED 962 per sqft

12 Feb 2018

12 Feb 2018Sold by developerOff-plan

AED 1,196,000AED 1,330 per sqft

Source: Dubai Land Department. Updated 29 January 2025.

Key facts

Type: 2-bed apartment
Size: 899 sqft
Floor: 12th of 28
Parking: P1-094
Developer: DAMAC
Completed: 2022
Service charge: AED 19,800 /yr
Last sold: AED 865K · June 2021
Building: Vera Residences

About 1208, Vera Residences

1208 is a two-bedroom apartment of 899 sqft on the 12th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 10 June 2021 for AED 865,000, or AED 962 per sqft, 28% below the AED 1,333 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 29 January 2025, is AED 120,000 a year: a gross yield of 13.9% on the 2021 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1208 over time

Sales

Unit 1208, each saleTypical two-bed in Vera Residences

1208 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1208, 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 1208 sits

All 225 2-beds →

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

1208 last sold in June 2021 at AED 962 per sqft, 28% below what two-beds in Vera Residences were fetching at the time (AED 1,333). 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. 1208's AED 120,000 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 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
1204	2-bed	908 sqft	AED 1.24MAED 1,239,000 · Feb 2018February 2018	113,300 /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
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

1208, Vera Residences in numbers

Sold twice: first on 12 February 2018 for AED 1,196,000, last on 10 June 2021 for AED 865,000 (AED 962 per sqft).
Rented since November 2022 on 4 Ejari contracts, from AED 130,000 to AED 120,000 a year.
At AED 120,000 a year the gross yield on the 2021 price is 13.9%, 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 29 January 2025.

Questions about 1208, Vera Residences

What did unit 1208 last sell for?

AED 865,000 on 10 June 2021: AED 962 per sqft for 899 sqft. The unit has 2 registered sales; the first was AED 1,196,000 in February 2018.

What is the rent for unit 1208?

AED 120,000 a year on the contract signed on 29 January 2025. The previous contract, from January 2025, was AED 120,000; the unit has been rented since November 2022.

How big is unit 1208?

899 sqft (83.5 sqm): a two-bedroom apartment on the 12th floor of a 28-storey tower completed in 2022.

What is unit 1208 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 1208, Vera Residences

Starts from the last sale price (AED 865K, 10 June 2021). Switch to today's estimate once you have unlocked it.

Price: AED 865,000
Deposit, UAE resident (20%): AED 173,000
Deposit, non-resident (40%): AED 346,000
Monthly over 25 years at 3.7%: AED 3,539

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