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1-bed · 476 sqftVera Residences, Business Bay · 12th floor · completed 2022

1212, Vera Residences

Sold prices and rental history: sold once, by the developer in March 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1212 · DLD and Ejari recordsUpdated 12 November 2025
Last soldAED 721K7 March 2018
Current rentAED 75K /yr12 November 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1212, Vera Residences

What is 1212 worth today?

Last sold for AED 721,000 in 2018

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12 Nov 2025RentedNew contract
AED 75,000/yr12 months · AED 158 per sqft
31 Oct 2024RentedRenewal
AED 73,500/yr12 months · AED 154 per sqft
31 Oct 2023RentedNew contract
AED 70,000/yr12 months · AED 147 per sqft
31 Oct 2022RentedNew contract
AED 67,000/yr12 months · AED 141 per sqft
7 Mar 2018Sold by developerOff-plan
AED 721,000AED 1,514 per sqft

Source: Dubai Land Department. Updated 12 November 2025.

Key facts

Type
1-bed apartment
Size
476 sqft
Floor
12th of 28
Parking
B-097
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 721K · March 2018
Building
Vera Residences

About 1212, Vera Residences

1212 is a one-bedroom apartment of 476 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 7 March 2018 for AED 721,000, or AED 1,514 per sqft, 4% below the AED 1,575 one-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 12 November 2025, is AED 75,000 a year: a gross yield of 10.4% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1212 over time

Sales
Unit 1212, 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, March 2018: AED 721,000 (AED 1,514 per sqft)

1212 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1212, 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, October 2022: AED 67,000 a yearNew contract, October 2023: AED 70,000 a yearRenewal, October 2024: AED 73,500 a yearNew contract, November 2025: AED 75,000 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 1212 sits

All 293 1-beds →

1212 last sold in March 2018 at AED 1,514 per sqft, 4% below what one-beds in Vera Residences were fetching at the time (AED 1,575). 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. 1212's AED 75,000 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

1212, Vera Residences in numbers

  • Sold once: by DAMAC on 7 March 2018 for AED 721,000, or AED 1,514 per sqft.
  • Rented since October 2022 on 4 Ejari contracts, from AED 67,000 to AED 75,000 a year.
  • At AED 75,000 a year the gross yield on the 2018 price is 10.4%, 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 12 November 2025.

Questions about 1212, Vera Residences

What did unit 1212 last sell for?

AED 721,000 on 7 March 2018, sold by the developer: AED 1,514 per sqft for 476 sqft. It is the only registered sale of the unit.

What is the rent for unit 1212?

AED 75,000 a year on the contract signed on 12 November 2025. The previous contract, from October 2024, was AED 73,500; the unit has been rented since October 2022.

How big is unit 1212?

476 sqft (44.2 sqm): a one-bedroom apartment on the 12th floor of a 28-storey tower completed in 2022.

What is unit 1212 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 1212, Vera Residences

Starts from the last sale price (AED 721K, 7 March 2018). Switch to today's estimate once you have unlocked it.
Price
AED 721,000
Deposit, UAE resident (20%)
AED 144,200
Deposit, non-resident (40%)
AED 288,400
Monthly over 25 years at 3.7%
AED 2,950

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