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2-bed · 899 sqftVera Residences, Business Bay · 16th floor · completed 2022

1608, Vera Residences

Sold prices and rental history: sold 3 times, last in April 2024, and rented once, from August 2026. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1608 · DLD and Ejari recordsUpdated 1 August 2026
Last soldAED 1.5M22 April 2024
Current rentAED 95K /yr1 August 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1608, Vera Residences

What is 1608 worth today?

Last sold for AED 1,500,000 in 2024

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1 Aug 2026RentedNew contract
AED 95,000/yr12 months · AED 105 per sqft
22 Apr 2024SoldReady
AED 1,500,000AED 1,668 per sqft
17 Apr 2023SoldReady
AED 1,350,000AED 1,501 per sqft
17 Dec 2018Sold by developerOff-plan
AED 1,278,000AED 1,421 per sqft

Source: Dubai Land Department. Updated 1 August 2026.

Key facts

Type
2-bed apartment
Size
899 sqft
Floor
16th of 28
Parking
P1-069
Developer
DAMAC
Completed
2022
Service charge
AED 19,800 /yr
Last sold
AED 1.5M · April 2024
Building
Vera Residences

About 1608, Vera Residences

1608 is a two-bedroom apartment of 899 sqft on the 16th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 22 April 2024 for AED 1,500,000, or AED 1,668 per sqft, in line with the AED 1,668 two-beds in the building were fetching at the time.

One Ejari contract is registered, from 1 August 2026. The current contract, signed on 1 August 2026, is AED 95,000 a year: a gross yield of 6.3% on the 2024 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1608 over time

Sales
Unit 1608, each saleTypical two-bed in Vera Residences
1.2M1.4M1.6M2018202120242027Typical sale price by year: 2018 AED 1,233,000; 2019 AED 1,286,500; 2020 AED 1,200,562; 2021 AED 1,263,000; 2022 AED 1,409,800; 2023 AED 1,450,000; 2024 AED 1,500,000; 2025 AED 1,540,000; 2026 AED 1,539,573Sold by developer, December 2018: AED 1,278,000 (AED 1,421 per sqft)Sold, April 2023: AED 1,350,000 (AED 1,501 per sqft)Sold, April 2024: AED 1,500,000 (AED 1,668 per sqft)

1608 has sold 3 times; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1608, each contractTypical two-bed in Vera Residences
90K100K110K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, August 2026: AED 95,000 a year

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 1608 sits

All 225 2-beds →

1608 last sold in April 2024 at AED 1,668 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,668). 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. 1608's AED 95,000 is in the upper half of that range.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20261,350,000
14 Sep 20261,546,373
26 Aug 20261,532,772
16 Jul 20261,513,848
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
Value
16012-bedAED 1.31M · Feb 2019
16022-bedAED 1.03M · May 2022
16031-bedAED 1.1M · Nov 2024
16042-bedAED 1.3M · Dec 2022
16052-bedAED 1.65M · Sep 2022
16062-bedAED 1.27M · Jul 2018
16072-bedAED 1.61M · Aug 2022
1–7 of 20

1608, Vera Residences in numbers

  • Sold 3 times: first on 17 December 2018 for AED 1,278,000, last on 22 April 2024 for AED 1,500,000 (AED 1,668 per sqft).
  • Rented since August 2026 on one Ejari contract, at AED 95,000 a year.
  • At AED 95,000 a year the gross yield on the 2024 price is 6.3%, before a service charge of about AED 19,800 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 August 2026.

Questions about 1608, Vera Residences

What did unit 1608 last sell for?

AED 1,500,000 on 22 April 2024: AED 1,668 per sqft for 899 sqft. The unit has 3 registered sales; the first was AED 1,278,000 in December 2018.

What is the rent for unit 1608?

AED 95,000 a year on the contract signed on 1 August 2026.

How big is unit 1608?

899 sqft (83.5 sqm): a two-bedroom apartment on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1608 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 1608, Vera Residences

Starts from the last sale price (AED 1.5M, 22 April 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,500,000
Deposit, UAE resident (20%)
AED 300,000
Deposit, non-resident (40%)
AED 600,000
Monthly over 25 years at 3.7%
AED 6,137

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