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1-bed · 477 sqftVera Residences, Business Bay · 12th floor · completed 2022

1211, Vera Residences

Sold prices and rental history: sold twice, last in April 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1211 · DLD and Ejari recordsUpdated 4 August 2026
Last soldAED 1.05M3 April 2024
Current rentAED 64K /yr4 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1211, Vera Residences

What is 1211 worth today?

Last sold for AED 1,050,000 in 2024

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4 Aug 2026RentedNew contract
AED 64,000/yr12 months · AED 135 per sqft
1 May 2024RentedNew contract
AED 73,000/yr12 months · AED 154 per sqft
3 Apr 2024SoldReady
AED 1,050,000AED 2,199 per sqft
5 Feb 2018Sold by developerOff-plan
AED 723,000AED 1,514 per sqft

Source: Dubai Land Department. Updated 4 August 2026.

Key facts

Type
1-bed apartment
Size
477 sqft
Floor
12th of 28
Parking
B-096
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 1.05M · April 2024
Building
Vera Residences

About 1211, Vera Residences

1211 is a one-bedroom apartment of 477 sqft on the 12th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 3 April 2024 for AED 1,050,000, or AED 2,199 per sqft, 11% above the AED 1,973 one-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 4 August 2026, is AED 64,000 a year: a gross yield of 6.1% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1211 over time

Sales
Unit 1211, 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 723,000 (AED 1,514 per sqft)Sold, April 2024: AED 1,050,000 (AED 2,199 per sqft)

1211 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1211, each contractTypical one-bed in Vera Residences
65K70K75K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 67,000New contract, May 2024: AED 73,000 a yearNew contract, August 2026: AED 64,000 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 1211 sits

All 293 1-beds →

1211 last sold in April 2024 at AED 2,199 per sqft, 11% above what one-beds in Vera Residences were fetching at the time (AED 1,973). 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. 1211's AED 64,000 is in the lower 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
12031-bedAED 990K · Feb 2024
12042-bedAED 1.24M · Feb 2018
12052-bedAED 1.49M · Jul 2024
12062-bedAED 1.2M · Feb 2018
12072-bedAED 1.2M · Feb 2018
1–7 of 20

1211, Vera Residences in numbers

  • Sold twice: first on 5 February 2018 for AED 723,000, last on 3 April 2024 for AED 1,050,000 (AED 2,199 per sqft).
  • Rented since May 2024 on 2 Ejari contracts, from AED 73,000 to AED 64,000 a year.
  • At AED 64,000 a year the gross yield on the 2024 price is 6.1%, 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 4 August 2026.

Questions about 1211, Vera Residences

What did unit 1211 last sell for?

AED 1,050,000 on 3 April 2024: AED 2,199 per sqft for 477 sqft. The unit has 2 registered sales; the first was AED 723,000 in February 2018.

What is the rent for unit 1211?

AED 64,000 a year on the contract signed on 4 August 2026. The previous contract, from May 2024, was AED 73,000.

How big is unit 1211?

477 sqft (44.3 sqm): a one-bedroom apartment on the 12th floor of a 28-storey tower completed in 2022.

What is unit 1211 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 1211, Vera Residences

Starts from the last sale price (AED 1.05M, 3 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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