1-bed · 476 sqftVera Residences, Business Bay · 16th floor · completed 2022

1612, 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 August 2023, and rented since 2024. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 1612 · DLD and Ejari recordsUpdated 17 October 2026

Last soldAED 900K31 August 2023

Current rentAED 68K /yr17 October 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1612, Vera Residences

Today

What is 1612 worth today?

Last sold for AED 900,000 in 2023

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17 Oct 2026

17 Oct 2026RentedNew contract

AED 67,818/yr12 months · AED 143 per sqft

18 Nov 2024

18 Nov 2024RentedNew contract

AED 85,000/yr12 months · AED 179 per sqft

31 Aug 2023

31 Aug 2023SoldReady

AED 900,000AED 1,890 per sqft

16 May 2018

16 May 2018Sold by developerOff-plan

AED 793,000AED 1,666 per sqft

Source: Dubai Land Department. Updated 17 October 2026.

Key facts

Type: 1-bed apartment
Size: 476 sqft
Floor: 16th of 28
Parking: P3-085
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 900K · August 2023
Building: Vera Residences

About 1612, Vera Residences

1612 is a one-bedroom apartment of 476 sqft on the 16th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 31 August 2023 for AED 900,000, or AED 1,890 per sqft, 7% above the AED 1,762 one-beds in the building were fetching at the time.

It has been rented since 2024 on 2 Ejari contracts. The current contract, signed on 17 October 2026, is AED 67,818 a year: a gross yield of 7.5% on the 2023 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1612 over time

Sales

Unit 1612, each saleTypical one-bed in Vera Residences

1612 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1612, 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 1612 sits

All 293 1-beds →

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

1612 last sold in August 2023 at AED 1,890 per sqft, 7% above what one-beds in Vera Residences were fetching at the time (AED 1,762). 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. 1612's AED 67,818 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
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
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
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

1612, Vera Residences in numbers

Sold twice: first on 16 May 2018 for AED 793,000, last on 31 August 2023 for AED 900,000 (AED 1,890 per sqft).
Rented since November 2024 on 2 Ejari contracts, from AED 85,000 to AED 67,818 a year.
At AED 67,818 a year the gross yield on the 2023 price is 7.5%, before a service charge of about AED 10,500 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 17 October 2026.

Questions about 1612, Vera Residences

What did unit 1612 last sell for?

AED 900,000 on 31 August 2023: AED 1,890 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 793,000 in May 2018.

What is the rent for unit 1612?

AED 67,818 a year on the contract signed on 17 October 2026. The previous contract, from November 2024, was AED 85,000.

How big is unit 1612?

476 sqft (44.2 sqm): a one-bedroom apartment on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1612 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 1612, Vera Residences

Starts from the last sale price (AED 900K, 31 August 2023). Switch to today's estimate once you have unlocked it.

Price: AED 900,000
Deposit, UAE resident (20%): AED 180,000
Deposit, non-resident (40%): AED 360,000
Monthly over 25 years at 3.7%: AED 3,682

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