2-bed · 908 sqftVera Residences, Business Bay · 16th floor · completed 2022

1604, 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 December 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1604 · DLD and Ejari recordsUpdated 6 September 2026

Last soldAED 1.3M16 December 2022

Current rentAED 90K /yr6 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1604, Vera Residences

Today

What is 1604 worth today?

Last sold for AED 1,300,000 in 2022

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6 Sep 2026

6 Sep 2026RentedNew contract

AED 90,000/yr12 months · AED 99 per sqft

15 Oct 2024

15 Oct 2024RentedNew contract

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

16 May 2023

16 May 2023RentedNew contract

AED 108,000/yr12 months · AED 119 per sqft

16 Dec 2022

16 Dec 2022SoldReady

AED 1,300,000AED 1,431 per sqft

30 Apr 2018

30 Apr 2018Sold by developerOff-plan

AED 1,324,000AED 1,458 per sqft

Source: Dubai Land Department. Updated 6 September 2026.

Key facts

Type: 2-bed apartment
Size: 908 sqft
Floor: 16th of 28
Parking: P1-065
Developer: DAMAC
Completed: 2022
Service charge: AED 20,000 /yr
Last sold: AED 1.3M · December 2022
Building: Vera Residences

About 1604, Vera Residences

1604 is a two-bedroom apartment of 908 sqft on the 16th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 16 December 2022 for AED 1,300,000, or AED 1,431 per sqft, 8% below the AED 1,563 two-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 6 September 2026, is AED 90,000 a year: a gross yield of 6.9% on the 2022 price, before the service charge of about AED 20,000 a year.

Sales and rents for 1604 over time

Sales

Unit 1604, each saleTypical two-bed in Vera Residences

1604 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1604, 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 1604 sits

All 225 2-beds →

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

1604 last sold in December 2022 at AED 1,431 per sqft, 8% 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. 1604's AED 90,000 is in the lower 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
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
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

1604, Vera Residences in numbers

Sold twice: first on 30 April 2018 for AED 1,324,000, last on 16 December 2022 for AED 1,300,000 (AED 1,431 per sqft).
Rented since May 2023 on 3 Ejari contracts, from AED 108,000 to AED 90,000 a year.
At AED 90,000 a year the gross yield on the 2022 price is 6.9%, before a service charge of about AED 20,000 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 6 September 2026.

Questions about 1604, Vera Residences

What did unit 1604 last sell for?

AED 1,300,000 on 16 December 2022: AED 1,431 per sqft for 908 sqft. The unit has 2 registered sales; the first was AED 1,324,000 in April 2018.

What is the rent for unit 1604?

AED 90,000 a year on the contract signed on 6 September 2026. The previous contract, from October 2024, was AED 120,000; the unit has been rented since May 2023.

How big is unit 1604?

908 sqft (84.4 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1604 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 1604, Vera Residences

Starts from the last sale price (AED 1.3M, 16 December 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,300,000
Deposit, UAE resident (20%): AED 260,000
Deposit, non-resident (40%): AED 520,000
Monthly over 25 years at 3.7%: AED 5,319

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