1-bed · 474 sqftVera Residences, Business Bay · 16th floor · completed 2022

1620, 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 2018, 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 1620 · DLD and Ejari recordsUpdated 14 October 2024

Last soldAED 817K10 September 2018

Current rentAED 75K /yr14 October 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 1620, Vera Residences

Today

What is 1620 worth today?

Last sold for AED 817,000 in 2018

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14 Oct 2024

14 Oct 2024RentedNew contract

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

14 Jun 2023

14 Jun 2023RentedNew contract

AED 68,000/yr12 months · AED 143 per sqft

23 Nov 2022

23 Nov 2022RentedNew contract

AED 70,000/yr12 months · AED 148 per sqft

10 Sep 2018

10 Sep 2018Sold by developerOff-plan

AED 817,000AED 1,721 per sqft

Source: Dubai Land Department. Updated 14 October 2024.

Key facts

Type: 1-bed apartment
Size: 474 sqft
Floor: 16th of 28
Parking: P3-093
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 817K · September 2018
Building: Vera Residences

About 1620, Vera Residences

1620 is a one-bedroom apartment of 474 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 10 September 2018 for AED 817,000, or AED 1,721 per sqft, 9% above the AED 1,583 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 14 October 2024, is AED 75,000 a year: a gross yield of 9.2% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1620 over time

Sales

Unit 1620, each saleTypical one-bed in Vera Residences

1620 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 1620, 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 1620 sits

All 293 1-beds →

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

1620 last sold in September 2018 at AED 1,721 per sqft, 9% above what one-beds in Vera Residences were fetching at the time (AED 1,583). 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. 1620's AED 75,000 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
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
1621	2-bed	905 sqft	AED 1.33MAED 1,334,000 · Feb 2019February 2019	105,000 /yr

1–7 of 20

1620, Vera Residences in numbers

Sold once: by DAMAC on 10 September 2018 for AED 817,000, or AED 1,721 per sqft.
Rented since November 2022 on 3 Ejari contracts, from AED 70,000 to AED 75,000 a year.
At AED 75,000 a year the gross yield on the 2018 price is 9.2%, 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 14 October 2024.

Questions about 1620, Vera Residences

What did unit 1620 last sell for?

AED 817,000 on 10 September 2018, sold by the developer: AED 1,721 per sqft for 474 sqft. It is the only registered sale of the unit.

What is the rent for unit 1620?

AED 75,000 a year on the contract signed on 14 October 2024. The previous contract, from June 2023, was AED 68,000; the unit has been rented since November 2022.

How big is unit 1620?

474 sqft (44.0 sqm): a one-bedroom apartment on the 16th floor of a 28-storey tower completed in 2022.

What is unit 1620 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 1620, Vera Residences

Starts from the last sale price (AED 817K, 10 September 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 →