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1-bed · 477 sqftVera Residences, Business Bay · 14th floor · completed 2022

1411, Vera Residences

Sold prices and rental history: sold once, by the developer in February 2018, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1411 · DLD and Ejari recordsUpdated 14 January 2025
Last soldAED 725K7 February 2018
Current rentAED 86K /yr14 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1411, Vera Residences

What is 1411 worth today?

Last sold for AED 725,000 in 2018

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14 Jan 2025RentedRenewal
AED 86,250/yr12 months · AED 182 per sqft
14 Jan 2025RentedRenewal
AED 86,250/yr12 months · AED 182 per sqft
14 Jan 2023RentedNew contract
AED 86,250/yr24 months · AED 182 per sqft
7 Feb 2018Sold by developerOff-plan
AED 725,000AED 1,519 per sqft

Source: Dubai Land Department. Updated 14 January 2025.

Key facts

Type
1-bed apartment
Size
477 sqft
Floor
14th of 28
Parking
P3-108
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 725K · February 2018
Building
Vera Residences

About 1411, Vera Residences

1411 is a one-bedroom apartment of 477 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 7 February 2018 for AED 725,000, or AED 1,519 per sqft, in line with the AED 1,563 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, renewed on 14 January 2025, is AED 86,250 a year: a gross yield of 11.9% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1411 over time

Sales
Unit 1411, 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 725,000 (AED 1,519 per sqft)

1411 has sold once; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1411, each contractTypical one-bed in Vera Residences
70K80K90K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 67,000New contract, January 2023: AED 86,250 a yearRenewal, January 2025: AED 86,250 a yearRenewal, January 2025: AED 86,250 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 1411 sits

All 293 1-beds →

1411 last sold in February 2018 at AED 1,519 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,563). 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. 1411's AED 86,250 is in the upper 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 14th floor

All 522 units in Vera Residences
Value
14012-bedAED 1.31M · Jul 2018
14022-bedAED 1.24M · Feb 2018
14031-bedAED 1.3M · Jan 2024
14042-bedAED 1.02M · Aug 2022
14052-bedAED 1.21M · Feb 2018
14062-bedAED 1.2M · Apr 2018
14072-bedAED 1.55M · Sep 2026
1–7 of 20

1411, Vera Residences in numbers

  • Sold once: by DAMAC on 7 February 2018 for AED 725,000, or AED 1,519 per sqft.
  • Rented since January 2023 on 3 Ejari contracts, at AED 86,250 a year.
  • At AED 86,250 a year the gross yield on the 2018 price is 11.9%, 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 14 January 2025.

Questions about 1411, Vera Residences

What did unit 1411 last sell for?

AED 725,000 on 7 February 2018, sold by the developer: AED 1,519 per sqft for 477 sqft. It is the only registered sale of the unit.

What is the rent for unit 1411?

AED 86,250 a year on the contract renewed on 14 January 2025. The previous contract, from January 2025, was AED 86,250; the unit has been rented since January 2023.

How big is unit 1411?

477 sqft (44.3 sqm): a one-bedroom apartment on the 14th floor of a 28-storey tower completed in 2022.

What is unit 1411 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 1411, Vera Residences

Starts from the last sale price (AED 725K, 7 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 725,000
Deposit, UAE resident (20%)
AED 145,000
Deposit, non-resident (40%)
AED 290,000
Monthly over 25 years at 3.7%
AED 2,966

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