2-bed · 902 sqftVera Residences, Business Bay · 16th floor · completed 2022

1607, 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 August 2022, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1607 · DLD and Ejari recordsUpdated 1 September 2026

Last soldAED 1.61M18 August 2022

Current rentAED 75K /yr1 September 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1607, Vera Residences

Today

What is 1607 worth today?

Last sold for AED 1,614,060 in 2022

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1 Sep 2026

1 Sep 2026RentedNew contract

AED 75,000/yr12 months · AED 83 per sqft

1 Oct 2025

1 Oct 2025RentedNew contract

AED 110,000/yr12 months · AED 122 per sqft

26 Aug 2024

26 Aug 2024RentedNew contract

AED 110,000/yr12 months · AED 122 per sqft

15 Oct 2022

15 Oct 2022RentedNew contract

AED 80,000/yr12 months · AED 88 per sqft

18 Aug 2022

18 Aug 2022Sold by developerReady

AED 1,614,060AED 1,790 per sqft

Source: Dubai Land Department. Updated 1 September 2026.

Key facts

Type: 2-bed apartment
Size: 902 sqft
Floor: 16th of 28
Parking: P1-068
Developer: DAMAC
Completed: 2022
Service charge: AED 19,900 /yr
Last sold: AED 1.61M · August 2022
Building: Vera Residences

About 1607, Vera Residences

1607 is a two-bedroom apartment of 902 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 18 August 2022 for AED 1,614,060, or AED 1,790 per sqft, 14% above the AED 1,565 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, signed on 1 September 2026, is AED 75,000 a year: a gross yield of 4.7% on the 2022 price, before the service charge of about AED 19,900 a year.

Sales and rents for 1607 over time

Sales

Unit 1607, each saleTypical two-bed in Vera Residences

1607 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1607, 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 1607 sits

All 225 2-beds →

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

1607 last sold in August 2022 at AED 1,790 per sqft, 14% 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. 1607's AED 75,000 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
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
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

1607, Vera Residences in numbers

Sold once: by DAMAC on 18 August 2022 for AED 1,614,060, or AED 1,790 per sqft.
Rented since October 2022 on 4 Ejari contracts, from AED 80,000 to AED 75,000 a year.
At AED 75,000 a year the gross yield on the 2022 price is 4.7%, before a service charge of about AED 19,900 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 September 2026.

Questions about 1607, Vera Residences

What did unit 1607 last sell for?

AED 1,614,060 on 18 August 2022, sold by the developer: AED 1,790 per sqft for 902 sqft. It is the only registered sale of the unit.

What is the rent for unit 1607?

AED 75,000 a year on the contract signed on 1 September 2026. The previous contract, from October 2025, was AED 110,000; the unit has been rented since October 2022.

How big is unit 1607?

902 sqft (83.8 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1607 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 1607, Vera Residences

Starts from the last sale price (AED 1.61M, 18 August 2022). Switch to today's estimate once you have unlocked it.

Price: AED 1,614,060
Deposit, UAE resident (20%): AED 322,812
Deposit, non-resident (40%): AED 645,624
Monthly over 25 years at 3.7%: AED 6,604

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