2-bed · 905 sqftVera Residences, Business Bay · 16th floor · completed 2022

1605, 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 September 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1605 · DLD and Ejari recordsUpdated 24 November 2023

Last soldAED 1.65M12 September 2022

Current rentAED 88K /yr24 November 2023

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1605, Vera Residences

Today

What is 1605 worth today?

Last sold for AED 1,654,000 in 2022

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24 Nov 2023

24 Nov 2023RentedRenewal

AED 88,000/yr12 months · AED 97 per sqft

24 Nov 2022

24 Nov 2022RentedNew contract

AED 86,000/yr12 months · AED 95 per sqft

12 Sep 2022

12 Sep 2022Sold by developerReady

AED 1,654,000AED 1,826 per sqft

Source: Dubai Land Department. Updated 24 November 2023.

Key facts

Type: 2-bed apartment
Size: 905 sqft
Floor: 16th of 28
Parking: P1-066
Developer: DAMAC
Completed: 2022
Service charge: AED 20,000 /yr
Last sold: AED 1.65M · September 2022
Building: Vera Residences

About 1605, Vera Residences

1605 is a two-bedroom apartment of 905 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 12 September 2022 for AED 1,654,000, or AED 1,826 per sqft, 17% above the AED 1,565 two-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, renewed on 24 November 2023, is AED 88,000 a year: a gross yield of 5.3% on the 2022 price, before the service charge of about AED 20,000 a year.

Sales and rents for 1605 over time

Sales

Unit 1605, each saleTypical two-bed in Vera Residences

1605 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1605, 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 1605 sits

All 225 2-beds →

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

1605 last sold in September 2022 at AED 1,826 per sqft, 17% above what two-beds in Vera Residences were fetching at the time (AED 1,565). 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. 1605's AED 88,000 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
1604	2-bed	908 sqft	AED 1.3MAED 1,300,000 · Dec 2022December 2022	90,000 /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

1605, Vera Residences in numbers

Sold once: by DAMAC on 12 September 2022 for AED 1,654,000, or AED 1,826 per sqft.
Rented since November 2022 on 2 Ejari contracts, from AED 86,000 to AED 88,000 a year.
At AED 88,000 a year the gross yield on the 2022 price is 5.3%, 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 24 November 2023.

Questions about 1605, Vera Residences

What did unit 1605 last sell for?

AED 1,654,000 on 12 September 2022, sold by the developer: AED 1,826 per sqft for 905 sqft. It is the only registered sale of the unit.

What is the rent for unit 1605?

AED 88,000 a year on the contract renewed on 24 November 2023. The previous contract, from November 2022, was AED 86,000.

How big is unit 1605?

905 sqft (84.1 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1605 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 1605, Vera Residences

Starts from the last sale price (AED 1.65M, 12 September 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,654,000
Deposit, UAE resident (20%): AED 330,800
Deposit, non-resident (40%): AED 661,600
Monthly over 25 years at 3.7%: AED 6,767

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