2-bed · 905 sqftVera Residences, Business Bay · 14th floor · completed 2022

1421, Vera Residences

Sold prices and rental history: sold once, by the developer in April 2018, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1421 · DLD and Ejari recordsUpdated 9 April 2018
Last soldAED 1.24M9 April 2018
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1421, Vera Residences

What is 1421 worth today?

Last sold for AED 1,239,000 in 2018

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9 Apr 2018Sold by developerOff-plan
AED 1,239,000AED 1,368 per sqft

Source: Dubai Land Department. Updated 9 April 2018.

Key facts

Type
2-bed apartment
Size
905 sqft
Floor
14th of 28
Parking
P1-114
Developer
DAMAC
Completed
2022
Service charge
AED 19,900 /yr
Last sold
AED 1.24M · April 2018

About 1421, Vera Residences

1421 is a two-bedroom apartment of 905 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 9 April 2018 for AED 1,239,000, or AED 1,368 per sqft, in line with the AED 1,338 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1421 over time

Sales
Unit 1421, 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, April 2018: AED 1,239,000 (AED 1,368 per sqft)

1421 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1421, each contractTypical two-bed in Vera Residences
90K100K110K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000

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 1421 sits

All 225 2-beds →

1421 last sold in April 2018 at AED 1,368 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,338). 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.

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 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

1421, Vera Residences in numbers

  • Sold once: by DAMAC on 9 April 2018 for AED 1,239,000, or AED 1,368 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 9 April 2018.

Questions about 1421, Vera Residences

What did unit 1421 last sell for?

AED 1,239,000 on 9 April 2018, sold by the developer: AED 1,368 per sqft for 905 sqft. It is the only registered sale of the unit.

How big is unit 1421?

905 sqft (84.1 sqm): a two-bedroom apartment on the 14th floor of a 28-storey tower completed in 2022.

What is unit 1421 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 1421, Vera Residences

Starts from the last sale price (AED 1.24M, 9 April 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,239,000
Deposit, UAE resident (20%)
AED 247,800
Deposit, non-resident (40%)
AED 495,600
Monthly over 25 years at 3.7%
AED 5,069

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