1-bed · 513 sqftVera Residences, Business Bay · 16th floor · completed 2022

1603, 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 3 times, last in November 2024, and rented since 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1603 · DLD and Ejari recordsUpdated 11 September 2026

Last soldAED 1.1M21 November 2024

Current rentAED 70K /yr11 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1603, Vera Residences

Today

What is 1603 worth today?

Last sold for AED 1,100,000 in 2024

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11 Sep 2026

11 Sep 2026RentedNew contract

AED 70,000/yr12 months · AED 135 per sqft

10 Jan 2026

10 Jan 2026RentedNew contract

AED 96,000/yr12 months · AED 186 per sqft

21 Nov 2024

21 Nov 2024SoldReady

AED 1,100,000AED 2,145 per sqft

17 Nov 2022

17 Nov 2022SoldReady

AED 780,000AED 1,521 per sqft

11 Jun 2018

11 Jun 2018Sold by developerOff-plan

AED 815,000AED 1,723 per sqft

Source: Dubai Land Department. Updated 11 September 2026.

Key facts

Type: 1-bed apartment
Size: 513 sqft
Floor: 16th of 28
Parking: P3-082
Developer: DAMAC
Completed: 2022
Service charge: AED 11,300 /yr
Last sold: AED 1.1M · November 2024
Building: Vera Residences

About 1603, Vera Residences

1603 is a one-bedroom apartment of 513 sqft on the 16th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 21 November 2024 for AED 1,100,000, or AED 2,145 per sqft, in line with the AED 2,202 one-beds in the building were fetching at the time.

It has been rented since 2026 on 2 Ejari contracts. The current contract, signed on 11 September 2026, is AED 70,000 a year: a gross yield of 6.4% on the 2024 price, before the service charge of about AED 11,300 a year.

Sales and rents for 1603 over time

Sales

Unit 1603, each saleTypical one-bed in Vera Residences

1603 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1603, 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 1603 sits

All 293 1-beds →

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

1603 last sold in November 2024 at AED 2,145 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 2,202). 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. 1603's AED 70,000 is in the lower 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 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
1602	2-bed	890 sqft	AED 1.03MAED 1,030,000 · May 2022May 2022	117,500 /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

1603, Vera Residences in numbers

Sold 3 times: first on 11 June 2018 for AED 815,000, last on 21 November 2024 for AED 1,100,000 (AED 2,145 per sqft).
Rented since January 2026 on 2 Ejari contracts, from AED 96,000 to AED 70,000 a year.
At AED 70,000 a year the gross yield on the 2024 price is 6.4%, before a service charge of about AED 11,300 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 11 September 2026.

Questions about 1603, Vera Residences

What did unit 1603 last sell for?

AED 1,100,000 on 21 November 2024: AED 2,145 per sqft for 513 sqft. The unit has 3 registered sales; the first was AED 815,000 in June 2018.

What is the rent for unit 1603?

AED 70,000 a year on the contract signed on 11 September 2026. The previous contract, from January 2026, was AED 96,000.

How big is unit 1603?

513 sqft (47.7 sqm): a one-bedroom apartment on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1603 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 1603, Vera Residences

Starts from the last sale price (AED 1.1M, 21 November 2024). Switch to today's estimate once you have unlocked it.

Price: AED 1,100,000
Deposit, UAE resident (20%): AED 220,000
Deposit, non-resident (40%): AED 440,000
Monthly over 25 years at 3.7%: AED 4,500

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