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2-bed · 908 sqftVera Residences, Business Bay · 15th floor · completed 2022

1504, Vera Residences

Sold prices and rental history: sold once, by the developer in February 2018, and rented since 2025. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1504 · DLD and Ejari recordsUpdated 26 January 2026
Last soldAED 1.24M13 February 2018
Current rentAED 116K /yr26 January 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1504, Vera Residences

What is 1504 worth today?

Last sold for AED 1,241,000 in 2018

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26 Jan 2026RentedRenewal
AED 115,763/yr12 months · AED 128 per sqft
26 Jan 2025RentedRenewal
AED 110,250/yr12 months · AED 121 per sqft
26 Jan 2025RentedRenewal
AED 110,250/yr12 months · AED 121 per sqft
13 Feb 2018Sold by developerOff-plan
AED 1,241,000AED 1,366 per sqft

Source: Dubai Land Department. Updated 26 January 2026.

Key facts

Type
2-bed apartment
Size
908 sqft
Floor
15th of 28
Parking
P1-117
Developer
DAMAC
Completed
2022
Service charge
AED 20,000 /yr
Last sold
AED 1.24M · February 2018
Building
Vera Residences

About 1504, Vera Residences

1504 is a two-bedroom apartment of 908 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 13 February 2018 for AED 1,241,000, or AED 1,366 per sqft, in line with the AED 1,331 two-beds in the building were fetching at the time.

It has been rented since 2025 on 3 Ejari contracts. The current contract, renewed on 26 January 2026, is AED 115,763 a year: a gross yield of 9.3% on the 2018 price, before the service charge of about AED 20,000 a year.

Sales and rents for 1504 over time

Sales
Unit 1504, 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, February 2018: AED 1,241,000 (AED 1,366 per sqft)

1504 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1504, each contractTypical two-bed in Vera Residences
100K120K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000Renewal, January 2025: AED 110,250 a yearRenewal, January 2025: AED 110,250 a yearRenewal, January 2026: AED 115,763 a year

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 1504 sits

All 225 2-beds →

1504 last sold in February 2018 at AED 1,366 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,331). 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. 1504's AED 115,763 is in the upper half of that range.

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 15th floor

All 522 units in Vera Residences
Value
15012-bedAED 1.32M · Mar 2018
15022-bedAED 1.24M · Feb 2018
15031-bedAED 1.25M · Aug 2026
15052-bedAED 1.21M · Mar 2018
15062-bedAED 1.43M · Sep 2024
15072-bedAED 1.2M · Feb 2018
15082-bedAED 1.5M · Dec 2025
1–7 of 20

1504, Vera Residences in numbers

  • Sold once: by DAMAC on 13 February 2018 for AED 1,241,000, or AED 1,366 per sqft.
  • Rented since January 2025 on 3 Ejari contracts, from AED 110,250 to AED 115,763 a year.
  • At AED 115,763 a year the gross yield on the 2018 price is 9.3%, before a service charge of about AED 20,000 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 26 January 2026.

Questions about 1504, Vera Residences

What did unit 1504 last sell for?

AED 1,241,000 on 13 February 2018, sold by the developer: AED 1,366 per sqft for 908 sqft. It is the only registered sale of the unit.

What is the rent for unit 1504?

AED 115,763 a year on the contract renewed on 26 January 2026. The previous contract, from January 2025, was AED 110,250; the unit has been rented since January 2025.

How big is unit 1504?

908 sqft (84.4 sqm): a two-bedroom apartment on the 15th floor of a 28-storey tower completed in 2022.

What is unit 1504 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 1504, Vera Residences

Starts from the last sale price (AED 1.24M, 13 February 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,241,000
Deposit, UAE resident (20%)
AED 248,200
Deposit, non-resident (40%)
AED 496,400
Monthly over 25 years at 3.7%
AED 5,077

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