2-bed · 899 sqftVera Residences, Business Bay · 13th floor · completed 2022

1308, 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 since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1308 · DLD and Ejari recordsUpdated 15 July 2026

Last soldAED 1.2M11 February 2018

Current rentAED 85K /yr15 July 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1308, Vera Residences

Today

What is 1308 worth today?

Last sold for AED 1,197,000 in 2018

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15 Jul 2026

15 Jul 2026RentedNew contract

AED 85,000/yr12 months · AED 94 per sqft

1 Feb 2026

1 Feb 2026RentedNew contract

AED 115,000/yr12 months · AED 127 per sqft

15 Sep 2024

15 Sep 2024RentedNew contract

AED 120,000/yr12 months · AED 133 per sqft

11 Feb 2018

11 Feb 2018Sold by developerOff-plan

AED 1,197,000AED 1,331 per sqft

Source: Dubai Land Department. Updated 15 July 2026.

Key facts

Type: 2-bed apartment
Size: 899 sqft
Floor: 13th of 28
Parking: P1-103
Developer: DAMAC
Completed: 2022
Service charge: AED 19,800 /yr
Last sold: AED 1.2M · February 2018
Building: Vera Residences

About 1308, Vera Residences

1308 is a two-bedroom apartment of 899 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 11 February 2018 for AED 1,197,000, or AED 1,331 per sqft, in line with the AED 1,330 two-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 15 July 2026, is AED 85,000 a year: a gross yield of 7.1% on the 2018 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1308 over time

Sales

Unit 1308, each saleTypical two-bed in Vera Residences

1308 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1308, each contractTypical two-bed in Vera Residences

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 1308 sits

All 225 2-beds →

2-beds in Vera Residences · last 12 months1,707 /sqft Vera Residences · all types2,097 /sqft

1308 last sold in February 2018 at AED 1,331 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,330). 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. 1308's AED 85,000 is in the lower half of that range.

Recent 2-bed sales	Size	Price (AED)	Per sqft
29 Oct 202629 October 2026	897 sqft	1,350,000	1,505
14 Sep 202614 September 2026	902 sqft	1,546,373	1,714
26 Aug 202626 August 2026	890 sqft	1,532,772	1,721
16 Jul 202616 July 2026	890 sqft	1,513,848	1,700

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


1301	2-bed	900 sqft	AED 1.3MAED 1,304,000 · Dec 2018December 2018	90,000 /yr
1302	2-bed	890 sqft	AED 1.24MAED 1,237,000 · Feb 2018February 2018	125,000 /yr
1303	1-bed	473 sqft	AED 750KAED 750,000 · Feb 2018February 2018
1304	2-bed	908 sqft	AED 1.24MAED 1,239,000 · Feb 2018February 2018	96,000 /yr
1305	2-bed	905 sqft	AED 1.58MAED 1,580,000 · Sep 2025September 2025	130,000 /yr
1306	2-bed	900 sqft	AED 1.7MAED 1,700,000 · Oct 2024October 2024	110,000 /yr
1307	2-bed	902 sqft	AED 1.2MAED 1,197,000 · Feb 2018February 2018	75,000 /yr
1309	2-bed	908 sqft	AED 1.21MAED 1,205,000 · Mar 2018March 2018
1310	1-bed	479 sqft	AED 920KAED 920,000 · Feb 2024February 2024	65,000 /yr
1311	1-bed	477 sqft	AED 724KAED 724,000 · Feb 2018February 2018	60,000 /yr
1312	1-bed	476 sqft	AED 722KAED 722,000 · Feb 2018February 2018	60,000 /yr
1313	1-bed	475 sqft	AED 727KAED 727,000 · Feb 2018February 2018	70,000 /yr
1314	1-bed	479 sqft	AED 737KAED 737,000 · Feb 2018February 2018	60,000 /yr
1315	1-bed	478 sqft	AED 761KAED 761,000 · Mar 2018March 2018	60,000 /yr
1316	1-bed	475 sqft	AED 1.01MAED 1,010,000 · Mar 2025March 2025	78,000 /yr
1317	1-bed	475 sqft	AED 879KAED 878,850 · May 2022May 2022	81,000 /yr
1318	1-bed	475 sqft	AED 752KAED 752,000 · Feb 2018February 2018	87,500 /yr
1319	1-bed	475 sqft	AED 752KAED 752,000 · Feb 2018February 2018	63,800 /yr
1320	1-bed	237 sqft	AED 600KAED 600,000 · May 2022May 2022	76,000 /yr
1321	2-bed	905 sqft	AED 1.24MAED 1,238,000 · Feb 2018February 2018	105,000 /yr

1–7 of 20

1308, Vera Residences in numbers

Sold once: by DAMAC on 11 February 2018 for AED 1,197,000, or AED 1,331 per sqft.
Rented since September 2024 on 3 Ejari contracts, from AED 120,000 to AED 85,000 a year.
At AED 85,000 a year the gross yield on the 2018 price is 7.1%, before a service charge of about AED 19,800 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 15 July 2026.

Questions about 1308, Vera Residences

What did unit 1308 last sell for?

AED 1,197,000 on 11 February 2018, sold by the developer: AED 1,331 per sqft for 899 sqft. It is the only registered sale of the unit.

What is the rent for unit 1308?

AED 85,000 a year on the contract signed on 15 July 2026. The previous contract, from February 2026, was AED 115,000; the unit has been rented since September 2024.

How big is unit 1308?

899 sqft (83.5 sqm): a two-bedroom apartment on the 13th floor of a 28-storey tower completed in 2022.

What is unit 1308 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 1308, Vera Residences

Starts from the last sale price (AED 1.2M, 11 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 1,197,000
Deposit, UAE resident (20%): AED 239,400
Deposit, non-resident (40%): AED 478,800
Monthly over 25 years at 3.7%: AED 4,897

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