1-bed · 475 sqftVera Residences, Business Bay · 15th floor · completed 2022

1518, 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 February 2018, and rented continuously since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1518 · DLD and Ejari recordsUpdated 1 February 2026

Last soldAED 754K12 February 2018

Current rentAED 85K /yr1 February 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1518, Vera Residences

Today

What is 1518 worth today?

Last sold for AED 754,000 in 2018

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1 Feb 2026

1 Feb 2026RentedRenewal

AED 85,000/yr12 months · AED 179 per sqft

1 Feb 2026

1 Feb 2026RentedRenewal

AED 92,749/yr12 months · AED 196 per sqft

1 Feb 2025

1 Feb 2025RentedNew contract

AED 75,000/yr24 months · AED 158 per sqft

5 Aug 2024

5 Aug 2024RentedNew contract

AED 70,000/yr12 months · AED 148 per sqft

12 Feb 2018

12 Feb 2018Sold by developerOff-plan

AED 754,000AED 1,588 per sqft

Source: Dubai Land Department. Updated 1 February 2026.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 15th of 28
Parking: P3-103
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 754K · February 2018
Building: Vera Residences

About 1518, Vera Residences

1518 is a one-bedroom apartment of 475 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 12 February 2018 for AED 754,000, or AED 1,588 per sqft, in line with the AED 1,567 one-beds in the building were fetching at the time.

It has been rented continuously since 2024 on 4 Ejari contracts. The current contract, renewed on 1 February 2026, is AED 85,000 a year: a gross yield of 11.3% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1518 over time

Sales

Unit 1518, each saleTypical one-bed in Vera Residences

1518 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1518, each contractTypical one-bed in Vera Residences

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 1518 sits

All 293 1-beds →

1-beds in Vera Residences · last 12 months2,225 /sqft Vera Residences · all types2,097 /sqft

1518 last sold in February 2018 at AED 1,588 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 1,567). 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. 1518's AED 85,000 is in the upper half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
19 Oct 202619 October 2026	475 sqft	940,000	1,979
16 Oct 202616 October 2026	474 sqft	1,000,000	2,107
19 Aug 202619 August 2026	513 sqft	1,254,000	2,445
18 Aug 202618 August 2026	513 sqft	1,141,000	2,225

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 15th floor

All 522 units in Vera Residences


1501	2-bed	900 sqft	AED 1.32MAED 1,315,000 · Mar 2018March 2018	105,000 /yr
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
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

1518, Vera Residences in numbers

Sold once: by DAMAC on 12 February 2018 for AED 754,000, or AED 1,588 per sqft.
Rented since August 2024 on 4 Ejari contracts, from AED 70,000 to AED 85,000 a year.
At AED 85,000 a year the gross yield on the 2018 price is 11.3%, 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 1 February 2026.

Questions about 1518, Vera Residences

What did unit 1518 last sell for?

AED 754,000 on 12 February 2018, sold by the developer: AED 1,588 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 1518?

AED 85,000 a year on the contract renewed on 1 February 2026. The previous contract, from February 2026, was AED 92,749; the unit has been rented since August 2024.

How big is unit 1518?

475 sqft (44.1 sqm): a one-bedroom apartment on the 15th floor of a 28-storey tower completed in 2022.

What is unit 1518 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 1518, Vera Residences

Starts from the last sale price (AED 754K, 12 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 754,000
Deposit, UAE resident (20%): AED 150,800
Deposit, non-resident (40%): AED 301,600
Monthly over 25 years at 3.7%: AED 3,085

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