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

1506, Vera Residences

Sold prices and rental history: sold twice, last in September 2024, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1506 · DLD and Ejari recordsUpdated 8 May 2026
Last soldAED 1.43M24 September 2024
Current rentAED 108K /yr8 May 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1506, Vera Residences

What is 1506 worth today?

Last sold for AED 1,425,000 in 2024

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8 May 2026RentedNew contract
AED 108,000/yr12 months · AED 120 per sqft
8 Oct 2025RentedNew contract
AED 134,000/yr6 months · AED 149 per sqft
15 Oct 2024RentedNew contract
AED 140,000/yr12 months · AED 156 per sqft
24 Sep 2024SoldReady
AED 1,425,000AED 1,583 per sqft
20 Mar 2018Sold by developerOff-plan
AED 1,198,000AED 1,330 per sqft

Source: Dubai Land Department. Updated 8 May 2026.

Key facts

Type
2-bed apartment
Size
900 sqft
Floor
15th of 28
Parking
P1-119
Developer
DAMAC
Completed
2022
Service charge
AED 19,800 /yr
Last sold
AED 1.43M · September 2024
Building
Vera Residences

About 1506, Vera Residences

1506 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. It last sold on 24 September 2024 for AED 1,425,000, or AED 1,583 per sqft, 7% below the AED 1,696 two-beds in the building were fetching at the time.

It has been rented since 2024 on 3 Ejari contracts. The current contract, signed on 8 May 2026, is AED 108,000 a year: a gross yield of 7.6% on the 2024 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1506 over time

Sales
Unit 1506, 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, March 2018: AED 1,198,000 (AED 1,330 per sqft)Sold, September 2024: AED 1,425,000 (AED 1,583 per sqft)

1506 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1506, each contractTypical two-bed in Vera Residences
100K125K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, October 2024: AED 140,000 a yearNew contract, October 2025: AED 134,000 a yearNew contract, May 2026: AED 108,000 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 1506 sits

All 225 2-beds →

1506 last sold in September 2024 at AED 1,583 per sqft, 7% below what two-beds in Vera Residences were fetching at the time (AED 1,696). 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. 1506's AED 108,000 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
15042-bedAED 1.24M · Feb 2018
15052-bedAED 1.21M · Mar 2018
15072-bedAED 1.2M · Feb 2018
15082-bedAED 1.5M · Dec 2025
1–7 of 20

1506, Vera Residences in numbers

  • Sold twice: first on 20 March 2018 for AED 1,198,000, last on 24 September 2024 for AED 1,425,000 (AED 1,583 per sqft).
  • Rented since October 2024 on 3 Ejari contracts, from AED 140,000 to AED 108,000 a year.
  • At AED 108,000 a year the gross yield on the 2024 price is 7.6%, 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 8 May 2026.

Questions about 1506, Vera Residences

What did unit 1506 last sell for?

AED 1,425,000 on 24 September 2024: AED 1,583 per sqft for 900 sqft. The unit has 2 registered sales; the first was AED 1,198,000 in March 2018.

What is the rent for unit 1506?

AED 108,000 a year on the contract signed on 8 May 2026. The previous contract, from October 2025, was AED 134,000; the unit has been rented since October 2024.

How big is unit 1506?

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

What is unit 1506 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 1506, Vera Residences

Starts from the last sale price (AED 1.43M, 24 September 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,425,000
Deposit, UAE resident (20%)
AED 285,000
Deposit, non-resident (40%)
AED 570,000
Monthly over 25 years at 3.7%
AED 5,830

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