2-bed · 900 sqftVera Residences, Business Bay · 15th floor · completed 2022

1501, 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 March 2018, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1501 · DLD and Ejari recordsUpdated 17 April 2026

Last soldAED 1.32M20 March 2018

Current rentAED 105K /yr17 April 2026

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Today's valuefree after one verification

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Property timeline for 1501, Vera Residences

Today

What is 1501 worth today?

Last sold for AED 1,315,000 in 2018

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17 Apr 2026

17 Apr 2026RentedRenewal

AED 105,000/yr12 months · AED 117 per sqft

17 Apr 2025

17 Apr 2025RentedRenewal

AED 100,000/yr12 months · AED 111 per sqft

17 Apr 2025

17 Apr 2025RentedRenewal

AED 100,000/yr12 months · AED 111 per sqft

17 Apr 2024

17 Apr 2024RentedRenewal

AED 94,500/yr12 months · AED 105 per sqft

17 Apr 2023

17 Apr 2023RentedNew contract

AED 90,000/yr12 months · AED 100 per sqft

20 Mar 2018

20 Mar 2018Sold by developerOff-plan

AED 1,315,000AED 1,461 per sqft

Source: Dubai Land Department. Updated 17 April 2026.

Key facts

Type: 2-bed apartment
Size: 900 sqft
Floor: 15th of 28
Parking: P1-115
Developer: DAMAC
Completed: 2022
Service charge: AED 19,800 /yr
Last sold: AED 1.32M · March 2018
Building: Vera Residences

About 1501, Vera Residences

1501 is a two-bedroom apartment of 900 sqft on the 15th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 20 March 2018 for AED 1,315,000, or AED 1,461 per sqft, 9% above the AED 1,335 two-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 5 Ejari contracts. The current contract, renewed on 17 April 2026, is AED 105,000 a year: a gross yield of 8.0% on the 2018 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1501 over time

Sales

Unit 1501, each saleTypical two-bed in Vera Residences

1501 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1501, 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 1501 sits

All 225 2-beds →

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

1501 last sold in March 2018 at AED 1,461 per sqft, 9% above 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. 1501's AED 105,000 is in the upper 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 15th floor

All 522 units in Vera Residences


1502	2-bed	890 sqft	AED 1.24MAED 1,239,000 · Feb 2018February 2018	95,000 /yr
1503	1-bed	513 sqft	AED 1.25MAED 1,254,000 · Aug 2026August 2026	60,000 /yr
1504	2-bed	908 sqft	AED 1.24MAED 1,241,000 · Feb 2018February 2018	115,763 /yr
1505	2-bed	905 sqft	AED 1.21MAED 1,206,000 · Mar 2018March 2018	106,667 /yr
1506	2-bed	900 sqft	AED 1.43MAED 1,425,000 · Sep 2024September 2024	108,000 /yr
1507	2-bed	902 sqft	AED 1.2MAED 1,198,000 · Feb 2018February 2018	105,000 /yr
1508	2-bed	899 sqft	AED 1.5MAED 1,500,000 · Dec 2025December 2025	105,000 /yr
1509	2-bed	908 sqft	AED 1.29MAED 1,293,000 · Jul 2018July 2018	108,000 /yr
1510	1-bed	479 sqft	AED 980KAED 980,000 · Jun 2024June 2024	75,000 /yr
1511	1-bed	477 sqft	AED 725KAED 725,000 · Jul 2018July 2018	65,000 /yr
1512	1-bed	476 sqft	AED 791KAED 791,000 · Jun 2018June 2018
1513	1-bed	485 sqft	AED 1.05MAED 1,050,000 · Dec 2025December 2025
1514	1-bed	479 sqft	AED 739KAED 739,000 · Feb 2018February 2018	70,000 /yr
1515	1-bed	478 sqft	AED 1.05MAED 1,050,000 · Apr 2025April 2025	60,000 /yr
1516	1-bed	475 sqft	AED 1.02MAED 1,021,000 · Jun 2025June 2025	70,000 /yr
1517	1-bed	475 sqft	AED 754KAED 754,000 · Feb 2018February 2018	66,000 /yr
1518	1-bed	475 sqft	AED 754KAED 754,000 · Feb 2018February 2018	92,749 /yr
1519	1-bed	475 sqft	AED 754KAED 754,000 · Feb 2018February 2018
1520	1-bed	474 sqft	AED 754KAED 754,000 · Feb 2018February 2018
1521	2-bed	905 sqft	AED 1.8MAED 1,800,000 · Oct 2024October 2024	80,000 /yr

1–7 of 20

1501, Vera Residences in numbers

Sold once: by DAMAC on 20 March 2018 for AED 1,315,000, or AED 1,461 per sqft.
Rented since April 2023 on 5 Ejari contracts, from AED 90,000 to AED 105,000 a year.
At AED 105,000 a year the gross yield on the 2018 price is 8.0%, 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 17 April 2026.

Questions about 1501, Vera Residences

What did unit 1501 last sell for?

AED 1,315,000 on 20 March 2018, sold by the developer: AED 1,461 per sqft for 900 sqft. It is the only registered sale of the unit.

What is the rent for unit 1501?

AED 105,000 a year on the contract renewed on 17 April 2026. The previous contract, from April 2025, was AED 100,000; the unit has been rented since April 2023.

How big is unit 1501?

900 sqft (83.6 sqm): a two-bedroom apartment on the 15th floor of a 28-storey tower completed in 2022.

What is unit 1501 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 1501, Vera Residences

Starts from the last sale price (AED 1.32M, 20 March 2018). Switch to today's estimate once you have unlocked it.

Price: AED 1,315,000
Deposit, UAE resident (20%): AED 263,000
Deposit, non-resident (40%): AED 526,000
Monthly over 25 years at 3.7%: AED 5,380

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