1-bed · 475 sqftVera Residences, Business Bay · 16th floor · completed 2022

1617, 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 May 2018, and rented continuously since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Follow 1617

Unit 1617 · DLD and Ejari recordsUpdated 8 August 2026

Last soldAED 817K1 May 2018

Current rentAED 60K /yr8 August 2026

Estimated yieldfree after one verification

Today's valuefree after one verification

Follow 1617

Property timeline for 1617, Vera Residences

Today

What is 1617 worth today?

Last sold for AED 817,000 in 2018

Unlock today's estimate, updated daily, with

Verify once to see valuations for every property. Everything else on this page is open.

8 Aug 2026

8 Aug 2026RentedNew contract

AED 60,000/yr12 months · AED 126 per sqft

23 Feb 2026

23 Feb 2026RentedRenewal

AED 75,000/yr12 months · AED 158 per sqft

23 Feb 2025

23 Feb 2025RentedRenewal

AED 75,000/yr12 months · AED 158 per sqft

23 Feb 2024

23 Feb 2024RentedNew contract

AED 75,000/yr12 months · AED 158 per sqft

12 Sep 2022

12 Sep 2022RentedNew contract

AED 65,000/yr12 months · AED 137 per sqft

1 May 2018

1 May 2018Sold by developerOff-plan

AED 817,000AED 1,720 per sqft

Source: Dubai Land Department. Updated 8 August 2026.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 16th of 28
Parking: P3-090
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 817K · May 2018
Building: Vera Residences

About 1617, Vera Residences

1617 is a one-bedroom apartment of 475 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 1 May 2018 for AED 817,000, or AED 1,720 per sqft, 9% above the AED 1,582 one-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 5 Ejari contracts. The current contract, signed on 8 August 2026, is AED 60,000 a year: a gross yield of 7.3% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1617 over time

Sales

Unit 1617, each saleTypical one-bed in Vera Residences

1617 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1617, 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 1617 sits

All 293 1-beds →

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

1617 last sold in May 2018 at AED 1,720 per sqft, 9% above what one-beds in Vera Residences were fetching at the time (AED 1,582). 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. 1617's AED 60,000 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
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
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

1617, Vera Residences in numbers

Sold once: by DAMAC on 1 May 2018 for AED 817,000, or AED 1,720 per sqft.
Rented since September 2022 on 5 Ejari contracts, from AED 65,000 to AED 60,000 a year.
At AED 60,000 a year the gross yield on the 2018 price is 7.3%, 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 8 August 2026.

Questions about 1617, Vera Residences

What did unit 1617 last sell for?

AED 817,000 on 1 May 2018, sold by the developer: AED 1,720 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 1617?

AED 60,000 a year on the contract signed on 8 August 2026. The previous contract, from February 2026, was AED 75,000; the unit has been rented since September 2022.

How big is unit 1617?

475 sqft (44.1 sqm): a one-bedroom apartment on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1617 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.

Selling 1617? Put it on the OpenOffers board

Public offers from verified, deposit-backed buyers; a reserve you set; no fee unless it sells, then 1%. Sale agreed in weeks, not months.

How OpenOffers works

Mortgage on 1617, Vera Residences

Starts from the last sale price (AED 817K, 1 May 2018). Switch to today's estimate once you have unlocked it.

Price: AED 817,000
Deposit, UAE resident (20%): AED 163,400
Deposit, non-resident (40%): AED 326,800
Monthly over 25 years at 3.7%: AED 3,343

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