2-bed · 900 sqftVera Residences, Business Bay · 14th floor · completed 2022

1406, 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 April 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 1406 · DLD and Ejari recordsUpdated 2 July 2026

Last soldAED 1.2M4 April 2018

Current rentAED 82K /yr2 July 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1406, Vera Residences

Today

What is 1406 worth today?

Last sold for AED 1,197,000 in 2018

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2 Jul 2026

2 Jul 2026RentedNew contract

AED 82,000/yr12 months · AED 91 per sqft

10 Nov 2024

10 Nov 2024RentedNew contract

AED 110,000/yr12 months · AED 122 per sqft

4 Apr 2018

4 Apr 2018Sold by developerOff-plan

AED 1,197,000AED 1,329 per sqft

Source: Dubai Land Department. Updated 2 July 2026.

Key facts

Type: 2-bed apartment
Size: 900 sqft
Floor: 14th of 28
Parking: P1-110
Developer: DAMAC
Completed: 2022
Service charge: AED 19,800 /yr
Last sold: AED 1.2M · April 2018
Building: Vera Residences

About 1406, Vera Residences

1406 is a two-bedroom apartment of 900 sqft on the 14th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 4 April 2018 for AED 1,197,000, or AED 1,329 per sqft, in line with the AED 1,335 two-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 2 July 2026, is AED 82,000 a year: a gross yield of 6.9% on the 2018 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1406 over time

Sales

Unit 1406, each saleTypical two-bed in Vera Residences

1406 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1406, 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 1406 sits

All 225 2-beds →

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

1406 last sold in April 2018 at AED 1,329 per sqft, in line with 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. 1406's AED 82,000 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 14th floor

All 522 units in Vera Residences


1401	2-bed	900 sqft	AED 1.31MAED 1,313,000 · Jul 2018July 2018
1402	2-bed	890 sqft	AED 1.24MAED 1,238,000 · Feb 2018February 2018	88,000 /yr
1403	1-bed	513 sqft	AED 1.3MAED 1,300,000 · Jan 2024January 2024	75,000 /yr
1404	2-bed	908 sqft	AED 1.02MAED 1,020,000 · Aug 2022August 2022	103,000 /yr
1405	2-bed	905 sqft	AED 1.21MAED 1,205,000 · Feb 2018February 2018	85,000 /yr
1407	2-bed	902 sqft	AED 1.55MAED 1,546,373 · Sep 2026September 2026	114,000 /yr
1408	2-bed	899 sqft	AED 1.48MAED 1,475,000 · Oct 2025October 2025	120,000 /yr
1409	2-bed	908 sqft	AED 1.29MAED 1,290,000 · Apr 2018April 2018	120,000 /yr
1410	1-bed	479 sqft	AED 794KAED 794,000 · Jul 2018July 2018	70,000 /yr
1411	1-bed	477 sqft	AED 725KAED 725,000 · Feb 2018February 2018	86,250 /yr
1412	1-bed	476 sqft	AED 723KAED 723,000 · Feb 2018February 2018	58,000 /yr
1413	1-bed	340 sqft	AED 700KAED 700,000 · Oct 2024October 2024	55,000 /yr
1414	1-bed	479 sqft	AED 738KAED 738,000 · Feb 2018February 2018	60,000 /yr
1415	1-bed	478 sqft	AED 850KAED 850,000 · Feb 2023February 2023	77,000 /yr
1416	1-bed	475 sqft	AED 750KAED 750,000 · Dec 2022December 2022	70,000 /yr
1417	1-bed	475 sqft	AED 753KAED 753,000 · Feb 2018February 2018	90,000 /yr
1418	1-bed	475 sqft	AED 753KAED 753,000 · Feb 2018February 2018	89,751 /yr
1419	1-bed	475 sqft	AED 753KAED 753,000 · Jun 2018June 2018	65,000 /yr
1420	1-bed	474 sqft	AED 777KAED 777,000 · Feb 2018February 2018	85,000 /yr
1421	2-bed	905 sqft	AED 1.24MAED 1,239,000 · Apr 2018April 2018

1–7 of 20

1406, Vera Residences in numbers

Sold once: by DAMAC on 4 April 2018 for AED 1,197,000, or AED 1,329 per sqft.
Rented since November 2024 on 2 Ejari contracts, from AED 110,000 to AED 82,000 a year.
At AED 82,000 a year the gross yield on the 2018 price is 6.9%, 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 2 July 2026.

Questions about 1406, Vera Residences

What did unit 1406 last sell for?

AED 1,197,000 on 4 April 2018, sold by the developer: AED 1,329 per sqft for 900 sqft. It is the only registered sale of the unit.

What is the rent for unit 1406?

AED 82,000 a year on the contract signed on 2 July 2026. The previous contract, from November 2024, was AED 110,000.

How big is unit 1406?

900 sqft (83.6 sqm): a two-bedroom apartment on the 14th floor of a 28-storey tower completed in 2022.

What is unit 1406 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 1406, Vera Residences

Starts from the last sale price (AED 1.2M, 4 April 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 →