1-bed · 475 sqftVera Residences, Business Bay · 12th floor · completed 2022

1216, 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 July 2023, and rented once, from October 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1216 · DLD and Ejari recordsUpdated 3 July 2023

Last soldAED 870K3 July 2023

Current rentAED 62K /yr21 October 2022

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1216, Vera Residences

Today

What is 1216 worth today?

Last sold for AED 870,000 in 2023

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3 Jul 2023

3 Jul 2023SoldReady

AED 870,000AED 1,832 per sqft

21 Oct 2022

21 Oct 2022RentedNew contract

AED 62,000/yr12 months · AED 131 per sqft

8 Feb 2018

8 Feb 2018Sold by developerOff-plan

AED 751,000AED 1,581 per sqft

Source: Dubai Land Department. Updated 3 July 2023.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 12th of 28
Parking: B-101
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 870K · July 2023
Building: Vera Residences

About 1216, Vera Residences

1216 is a one-bedroom apartment of 475 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 July 2023 for AED 870,000, or AED 1,832 per sqft, 5% above the AED 1,737 one-beds in the building were fetching at the time.

One Ejari contract is registered, from 21 October 2022. The current contract, signed on 21 October 2022, is AED 62,000 a year: a gross yield of 7.1% on the 2023 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1216 over time

Sales

Unit 1216, each saleTypical one-bed in Vera Residences

1216 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1216, each contractTypical one-bed in Vera Residences

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 1216 sits

All 293 1-beds →

1-beds in Vera Residences · last 12 months2,225 /sqft Vera Residences · all types2,097 /sqft

1216 last sold in July 2023 at AED 1,832 per sqft, 5% above what one-beds in Vera Residences were fetching at the time (AED 1,737). 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. 1216's AED 62,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
19 Oct 202619 October 2026	475 sqft	940,000	1,979
16 Oct 202616 October 2026	474 sqft	1,000,000	2,107
19 Aug 202619 August 2026	513 sqft	1,254,000	2,445
18 Aug 202618 August 2026	513 sqft	1,141,000	2,225

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


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
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
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

1216, Vera Residences in numbers

Sold twice: first on 8 February 2018 for AED 751,000, last on 3 July 2023 for AED 870,000 (AED 1,832 per sqft).
Rented since October 2022 on one Ejari contract, at AED 62,000 a year.
At AED 62,000 a year the gross yield on the 2023 price is 7.1%, 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 3 July 2023.

Questions about 1216, Vera Residences

What did unit 1216 last sell for?

AED 870,000 on 3 July 2023: AED 1,832 per sqft for 475 sqft. The unit has 2 registered sales; the first was AED 751,000 in February 2018.

What is the rent for unit 1216?

AED 62,000 a year on the contract signed on 21 October 2022.

How big is unit 1216?

475 sqft (44.1 sqm): a one-bedroom apartment on the 12th floor of a 28-storey tower completed in 2022.

What is unit 1216 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 1216, Vera Residences

Starts from the last sale price (AED 870K, 3 July 2023). Switch to today's estimate once you have unlocked it.

Price: AED 870,000
Deposit, UAE resident (20%): AED 174,000
Deposit, non-resident (40%): AED 348,000
Monthly over 25 years at 3.7%: AED 3,559

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