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2-bed · 890 sqftVera Residences, Business Bay · 13th floor · completed 2022

1302, Vera Residences

Sold prices and rental history: sold once, by the developer in February 2018, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1302 · DLD and Ejari recordsUpdated 18 February 2025
Last soldAED 1.24M28 February 2018
Current rentAED 125K /yr18 February 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1302, Vera Residences

What is 1302 worth today?

Last sold for AED 1,237,000 in 2018

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18 Feb 2025RentedNew contract
AED 125,000/yr37 months · AED 140 per sqft
18 Feb 2025RentedNew contract
AED 125,000/yr37 months · AED 140 per sqft
28 Feb 2018Sold by developerOff-plan
AED 1,237,000AED 1,389 per sqft

Source: Dubai Land Department. Updated 18 February 2025.

Key facts

Type
2-bed apartment
Size
890 sqft
Floor
13th of 28
Parking
P1-098
Developer
DAMAC
Completed
2022
Service charge
AED 19,600 /yr
Last sold
AED 1.24M · February 2018
Building
Vera Residences

About 1302, Vera Residences

1302 is a two-bedroom apartment of 890 sqft on the 13th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 28 February 2018 for AED 1,237,000, or AED 1,389 per sqft, 4% above the AED 1,335 two-beds in the building were fetching at the time.

It has been rented since 2025 on 2 Ejari contracts. The current contract, signed on 18 February 2025, is AED 125,000 a year: a gross yield of 10.1% on the 2018 price, before the service charge of about AED 19,600 a year.

Sales and rents for 1302 over time

Sales
Unit 1302, each saleTypical two-bed in Vera Residences
1.2M1.4M1.6M2018202120242027Typical sale price by year: 2018 AED 1,233,000; 2019 AED 1,286,500; 2020 AED 1,200,562; 2021 AED 1,263,000; 2022 AED 1,409,800; 2023 AED 1,450,000; 2024 AED 1,500,000; 2025 AED 1,540,000; 2026 AED 1,539,573Sold by developer, February 2018: AED 1,237,000 (AED 1,389 per sqft)

1302 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1302, each contractTypical two-bed in Vera Residences
100K120K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, February 2025: AED 125,000 a yearNew contract, February 2025: AED 125,000 a year

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 1302 sits

All 225 2-beds →

1302 last sold in February 2018 at AED 1,389 per sqft, 4% above what two-beds in Vera Residences were fetching at the time (AED 1,335). 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. 1302's AED 125,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20261,350,000
14 Sep 20261,546,373
26 Aug 20261,532,772
16 Jul 20261,513,848
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 13th floor

All 522 units in Vera Residences
Value
13012-bedAED 1.3M · Dec 2018
13031-bedAED 750K · Feb 2018
13042-bedAED 1.24M · Feb 2018
13052-bedAED 1.58M · Sep 2025
13062-bedAED 1.7M · Oct 2024
13072-bedAED 1.2M · Feb 2018
13082-bedAED 1.2M · Feb 2018
1–7 of 20

1302, Vera Residences in numbers

  • Sold once: by DAMAC on 28 February 2018 for AED 1,237,000, or AED 1,389 per sqft.
  • Rented since February 2025 on 2 Ejari contracts, at AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2018 price is 10.1%, before a service charge of about AED 19,600 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 18 February 2025.

Questions about 1302, Vera Residences

What did unit 1302 last sell for?

AED 1,237,000 on 28 February 2018, sold by the developer: AED 1,389 per sqft for 890 sqft. It is the only registered sale of the unit.

What is the rent for unit 1302?

AED 125,000 a year on the contract signed on 18 February 2025. The previous contract, from February 2025, was AED 125,000.

How big is unit 1302?

890 sqft (82.7 sqm): a two-bedroom apartment on the 13th floor of a 28-storey tower completed in 2022.

What is unit 1302 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 1302, Vera Residences

Starts from the last sale price (AED 1.24M, 28 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,237,000
Deposit, UAE resident (20%)
AED 247,400
Deposit, non-resident (40%)
AED 494,800
Monthly over 25 years at 3.7%
AED 5,061

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