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

1218, 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 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 1218 · DLD and Ejari recordsUpdated 25 September 2026

Last soldAED 751K12 February 2018

Current rentAED 65K /yr25 September 2026

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Today's valuefree after one verification

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Property timeline for 1218, Vera Residences

Today

What is 1218 worth today?

Last sold for AED 751,000 in 2018

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25 Sep 2026

25 Sep 2026RentedNew contract

AED 65,000/yr12 months · AED 137 per sqft

1 Jul 2025

1 Jul 2025RentedNew contract

AED 75,000/yr12 months · AED 158 per sqft

15 Oct 2023

15 Oct 2023RentedRenewal

AED 60,000/yr6 months · AED 127 per sqft

15 Oct 2022

15 Oct 2022RentedNew contract

AED 60,000/yr12 months · AED 127 per sqft

12 Feb 2018

12 Feb 2018Sold by developerOff-plan

AED 751,000AED 1,581 per sqft

Source: Dubai Land Department. Updated 25 September 2026.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 12th of 28
Parking: B-103
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 751K · February 2018
Building: Vera Residences

About 1218, Vera Residences

1218 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. The developer sold it on 12 February 2018 for AED 751,000, or AED 1,581 per sqft, in line with the AED 1,567 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 25 September 2026, is AED 65,000 a year: a gross yield of 8.7% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1218 over time

Sales

Unit 1218, each saleTypical one-bed in Vera Residences

1218 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1218, 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 1218 sits

All 293 1-beds →

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

1218 last sold in February 2018 at AED 1,581 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,567). 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. 1218's AED 65,000 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
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
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

1218, Vera Residences in numbers

Sold once: by DAMAC on 12 February 2018 for AED 751,000, or AED 1,581 per sqft.
Rented since October 2022 on 4 Ejari contracts, from AED 60,000 to AED 65,000 a year.
At AED 65,000 a year the gross yield on the 2018 price is 8.7%, 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 25 September 2026.

Questions about 1218, Vera Residences

What did unit 1218 last sell for?

AED 751,000 on 12 February 2018, sold by the developer: AED 1,581 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 1218?

AED 65,000 a year on the contract signed on 25 September 2026. The previous contract, from July 2025, was AED 75,000; the unit has been rented since October 2022.

How big is unit 1218?

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

What is unit 1218 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 1218, Vera Residences

Starts from the last sale price (AED 751K, 12 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 751,000
Deposit, UAE resident (20%): AED 150,200
Deposit, non-resident (40%): AED 300,400
Monthly over 25 years at 3.7%: AED 3,073

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