2-bed · 900 sqftVera Residences, Business Bay · 16th floor · completed 2022

1601, 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 2019, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1601 · DLD and Ejari recordsUpdated 1 December 2025

Last soldAED 1.31M21 February 2019

Current rentAED 130K /yr1 December 2025

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1601, Vera Residences

Today

What is 1601 worth today?

Last sold for AED 1,309,000 in 2019

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1 Dec 2025

1 Dec 2025RentedNew contract

AED 130,000/yr12 months · AED 144 per sqft

28 Sep 2024

28 Sep 2024RentedRenewal

AED 120,000/yr12 months · AED 133 per sqft

21 Feb 2019

21 Feb 2019Sold by developerOff-plan

AED 1,309,000AED 1,454 per sqft

Source: Dubai Land Department. Updated 1 December 2025.

Key facts

Type: 2-bed apartment
Size: 900 sqft
Floor: 16th of 28
Parking: P1-063
Developer: DAMAC
Completed: 2022
Service charge: AED 19,800 /yr
Last sold: AED 1.31M · February 2019
Building: Vera Residences

About 1601, Vera Residences

1601 is a two-bedroom apartment of 900 sqft on the 16th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 21 February 2019 for AED 1,309,000, or AED 1,454 per sqft, 3% above the AED 1,406 two-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 1 December 2025, is AED 130,000 a year: a gross yield of 9.9% on the 2019 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1601 over time

Sales

Unit 1601, each saleTypical two-bed in Vera Residences

1601 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1601, 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 1601 sits

All 225 2-beds →

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

1601 last sold in February 2019 at AED 1,454 per sqft, 3% above what two-beds in Vera Residences were fetching at the time (AED 1,406). 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. 1601's AED 130,000 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 16th floor

All 522 units in Vera Residences


1602	2-bed	890 sqft	AED 1.03MAED 1,030,000 · May 2022May 2022	117,500 /yr
1603	1-bed	513 sqft	AED 1.1MAED 1,100,000 · Nov 2024November 2024	70,000 /yr
1604	2-bed	908 sqft	AED 1.3MAED 1,300,000 · Dec 2022December 2022	90,000 /yr
1605	2-bed	905 sqft	AED 1.65MAED 1,654,000 · Sep 2022September 2022	88,000 /yr
1606	2-bed	900 sqft	AED 1.27MAED 1,266,210 · Jul 2018July 2018	90,000 /yr
1607	2-bed	902 sqft	AED 1.61MAED 1,614,060 · Aug 2022August 2022	75,000 /yr
1608	2-bed	899 sqft	AED 1.5MAED 1,500,000 · Apr 2024April 2024	95,000 /yr
1609	2-bed	908 sqft	AED 1.29MAED 1,293,000 · Jun 2018June 2018
1610	1-bed	239 sqft	AED 803KAED 803,000 · Aug 2018August 2018	60,000 /yr
1611	1-bed	477 sqft	AED 795KAED 795,000 · May 2018May 2018	60,000 /yr
1612	1-bed	476 sqft	AED 900KAED 900,000 · Aug 2023August 2023	67,818 /yr
1613	1-bed	485 sqft	AED 1.1MAED 1,100,000 · May 2025May 2025
1614	1-bed	485 sqft	AED 1.08MAED 1,075,000 · Mar 2025March 2025
1615	1-bed	478 sqft	AED 1.12MAED 1,120,000 · Jul 2026July 2026	80,000 /yr
1616	1-bed	475 sqft	AED 813KAED 813,000 · May 2018May 2018	77,906 /yr
1617	1-bed	475 sqft	AED 817KAED 817,000 · May 2018May 2018	60,000 /yr
1618	1-bed	475 sqft	AED 817KAED 817,000 · Apr 2018April 2018	63,000 /yr
1619	1-bed	475 sqft	AED 817KAED 817,000 · May 2018May 2018	60,000 /yr
1620	1-bed	474 sqft	AED 817KAED 817,000 · Sep 2018September 2018	75,000 /yr
1621	2-bed	905 sqft	AED 1.33MAED 1,334,000 · Feb 2019February 2019	105,000 /yr

1–7 of 20

1601, Vera Residences in numbers

Sold once: by DAMAC on 21 February 2019 for AED 1,309,000, or AED 1,454 per sqft.
Rented since September 2024 on 2 Ejari contracts, from AED 120,000 to AED 130,000 a year.
At AED 130,000 a year the gross yield on the 2019 price is 9.9%, 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 1 December 2025.

Questions about 1601, Vera Residences

What did unit 1601 last sell for?

AED 1,309,000 on 21 February 2019, sold by the developer: AED 1,454 per sqft for 900 sqft. It is the only registered sale of the unit.

What is the rent for unit 1601?

AED 130,000 a year on the contract signed on 1 December 2025. The previous contract, from September 2024, was AED 120,000.

How big is unit 1601?

900 sqft (83.6 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1601 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 1601, Vera Residences

Starts from the last sale price (AED 1.31M, 21 February 2019). Switch to today's estimate once you have unlocked it.

Price: AED 1,309,000
Deposit, UAE resident (20%): AED 261,800
Deposit, non-resident (40%): AED 523,600
Monthly over 25 years at 3.7%: AED 5,356

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