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1-bed · 477 sqftVera Residences, Business Bay · 13th floor · completed 2022

1311, Vera Residences

Sold prices and rental history: sold once, by the developer in February 2018, and rented since 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1311 · DLD and Ejari recordsUpdated 4 June 2026
Last soldAED 724K11 February 2018
Current rentAED 60K /yr4 June 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1311, Vera Residences

What is 1311 worth today?

Last sold for AED 724,000 in 2018

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4 Jun 2026RentedNew contract
AED 60,000/yr12 months · AED 126 per sqft
6 Apr 2026RentedNew contract
AED 140,000/yr3 months · AED 293 per sqft
11 Feb 2018Sold by developerOff-plan
AED 724,000AED 1,516 per sqft

Source: Dubai Land Department. Updated 4 June 2026.

Key facts

Type
1-bed apartment
Size
477 sqft
Floor
13th of 28
Parking
B-108
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 724K · February 2018
Building
Vera Residences

About 1311, Vera Residences

1311 is a one-bedroom apartment of 477 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 724,000, or AED 1,516 per sqft, 3% below the AED 1,564 one-beds in the building were fetching at the time.

It has been rented since 2026 on 2 Ejari contracts. The current contract, signed on 4 June 2026, is AED 60,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1311 over time

Sales
Unit 1311, 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, February 2018: AED 724,000 (AED 1,516 per sqft)

1311 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1311, each contractTypical one-bed in Vera Residences
50K100K150K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 67,000New contract, April 2026: AED 140,000 a yearNew contract, June 2026: AED 60,000 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 1311 sits

All 293 1-beds →

1311 last sold in February 2018 at AED 1,516 per sqft, 3% below what one-beds in Vera Residences were fetching at the time (AED 1,564). 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. 1311's AED 60,000 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 13th floor

All 522 units in Vera Residences
Value
13012-bedAED 1.3M · Dec 2018
13022-bedAED 1.24M · Feb 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
1–7 of 20

1311, Vera Residences in numbers

  • Sold once: by DAMAC on 11 February 2018 for AED 724,000, or AED 1,516 per sqft.
  • Rented since April 2026 on 2 Ejari contracts, from AED 140,000 to AED 60,000 a year.
  • At AED 60,000 a year the gross yield on the 2018 price is 8.3%, 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 4 June 2026.

Questions about 1311, Vera Residences

What did unit 1311 last sell for?

AED 724,000 on 11 February 2018, sold by the developer: AED 1,516 per sqft for 477 sqft. It is the only registered sale of the unit.

What is the rent for unit 1311?

AED 60,000 a year on the contract signed on 4 June 2026. The previous contract, from April 2026, was AED 140,000.

How big is unit 1311?

477 sqft (44.3 sqm): a one-bedroom apartment on the 13th floor of a 28-storey tower completed in 2022.

What is unit 1311 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 1311, Vera Residences

Starts from the last sale price (AED 724K, 11 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 724,000
Deposit, UAE resident (20%)
AED 144,800
Deposit, non-resident (40%)
AED 289,600
Monthly over 25 years at 3.7%
AED 2,962

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