2-bed · 890 sqftVera Residences, Business Bay · 16th floor · completed 2022

1602, 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 twice, last in May 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 1602

Unit 1602 · DLD and Ejari recordsUpdated 5 November 2026

Last soldAED 1.03M13 May 2022

Current rentAED 118K /yr5 November 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 1602

Property timeline for 1602, Vera Residences

Today

What is 1602 worth today?

Last sold for AED 1,030,000 in 2022

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

5 Nov 2026

5 Nov 2026RentedRenewal

AED 117,500/yr12 months · AED 132 per sqft

5 Nov 2025

5 Nov 2025RentedRenewal

AED 125,000/yr12 months · AED 140 per sqft

5 Nov 2024

5 Nov 2024RentedNew contract

AED 130,000/yr12 months · AED 146 per sqft

9 Oct 2023

9 Oct 2023RentedRenewal

AED 95,000/yr12 months · AED 106 per sqft

9 Oct 2022

9 Oct 2022RentedNew contract

AED 90,000/yr12 months · AED 101 per sqft

13 May 2022

13 May 2022SoldOff-plan

AED 1,030,000AED 1,156 per sqft

30 Apr 2018

30 Apr 2018Sold by developerOff-plan

AED 1,321,000AED 1,483 per sqft

Source: Dubai Land Department. Updated 5 November 2026.

Key facts

Type: 2-bed apartment
Size: 890 sqft
Floor: 16th of 28
Parking: P1-064
Developer: DAMAC
Completed: 2022
Service charge: AED 19,600 /yr
Last sold: AED 1.03M · May 2022
Building: Vera Residences

About 1602, Vera Residences

1602 is a two-bedroom apartment of 890 sqft on the 16th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 13 May 2022 for AED 1,030,000, or AED 1,156 per sqft, 26% below the AED 1,563 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, renewed on 5 November 2026, is AED 117,500 a year: a gross yield of 11.4% on the 2022 price, before the service charge of about AED 19,600 a year.

Sales and rents for 1602 over time

Sales

Unit 1602, each saleTypical two-bed in Vera Residences

1602 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1602, 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 1602 sits

All 225 2-beds →

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

1602 last sold in May 2022 at AED 1,156 per sqft, 26% below what two-beds in Vera Residences were fetching at the time (AED 1,563). 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. 1602's AED 117,500 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


1601	2-bed	900 sqft	AED 1.31MAED 1,309,000 · Feb 2019February 2019	130,000 /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

1602, Vera Residences in numbers

Sold twice: first on 30 April 2018 for AED 1,321,000, last on 13 May 2022 for AED 1,030,000 (AED 1,156 per sqft).
Rented since October 2022 on 5 Ejari contracts, from AED 90,000 to AED 117,500 a year.
At AED 117,500 a year the gross yield on the 2022 price is 11.4%, before a service charge of about AED 19,600 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 5 November 2026.

Questions about 1602, Vera Residences

What did unit 1602 last sell for?

AED 1,030,000 on 13 May 2022: AED 1,156 per sqft for 890 sqft. The unit has 2 registered sales; the first was AED 1,321,000 in April 2018.

What is the rent for unit 1602?

AED 117,500 a year on the contract renewed on 5 November 2026. The previous contract, from November 2025, was AED 125,000; the unit has been rented since October 2022.

How big is unit 1602?

890 sqft (82.7 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1602 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.

Selling 1602? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1602, Vera Residences

Starts from the last sale price (AED 1.03M, 13 May 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,030,000
Deposit, UAE resident (20%): AED 206,000
Deposit, non-resident (40%): AED 412,000
Monthly over 25 years at 3.7%: AED 4,214

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