2-bed · 900 sqftVera Residences, Business Bay · 17th floor · completed 2022

1701, 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 February 2018, 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 1701 · DLD and Ejari recordsUpdated 5 September 2026

Last soldAED 1.24M26 February 2018

Current rentAED 85K /yr5 September 2026

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Today's valuefree after one verification

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Property timeline for 1701, Vera Residences

Today

What is 1701 worth today?

Last sold for AED 1,236,000 in 2018

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5 Sep 2026

5 Sep 2026RentedRenewal

AED 85,000/yr12 months · AED 94 per sqft

3 Sep 2025

3 Sep 2025RentedNew contract

AED 94,475/yr12 months · AED 105 per sqft

3 Sep 2024

3 Sep 2024RentedNew contract

AED 94,475/yr12 months · AED 105 per sqft

3 Sep 2024

3 Sep 2024RentedNew contract

AED 94,475/yr12 months · AED 105 per sqft

3 Sep 2024

3 Sep 2024RentedNew contract

AED 94,475/yr12 months · AED 104 per sqft

3 Sep 2023

3 Sep 2023RentedNew contract

AED 92,983/yr12 months · AED 103 per sqft

1 Sep 2022

1 Sep 2022RentedNew contract

AED 85,000/yr12 months · AED 94 per sqft

26 Feb 2018

26 Feb 2018Sold by developerOff-plan

AED 1,236,000AED 1,373 per sqft

Source: Dubai Land Department. Updated 5 September 2026.

Key facts

Type: 2-bed apartment
Size: 900 sqft
Floor: 17th of 28
Parking: P1-072
Developer: DAMAC
Completed: 2022
Service charge: AED 19,800 /yr
Last sold: AED 1.24M · February 2018
Building: Vera Residences

About 1701, Vera Residences

1701 is a two-bedroom apartment of 900 sqft on the 17th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 26 February 2018 for AED 1,236,000, or AED 1,373 per sqft, 3% above the AED 1,332 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 7 Ejari contracts. The current contract, renewed on 5 September 2026, is AED 85,000 a year: a gross yield of 6.9% on the 2018 price, before the service charge of about AED 19,800 a year.

Sales and rents for 1701 over time

Sales

Unit 1701, each saleTypical two-bed in Vera Residences

1701 has sold once; the dashed line is the two-bed median of each year in the building.

Rents

Unit 1701, 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 1701 sits

All 225 2-beds →

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

1701 last sold in February 2018 at AED 1,373 per sqft, 3% above what two-beds in Vera Residences were fetching at the time (AED 1,332). 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. 1701's AED 85,000 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 17th floor

All 522 units in Vera Residences


1702	2-bed	890 sqft	AED 1.24MAED 1,240,000 · Mar 2018March 2018	120,000 /yr
1703	1-bed	473 sqft	AED 724KAED 723,840 · Feb 2018February 2018	80,000 /yr
1704	2-bed	908 sqft	AED 1.19MAED 1,193,280 · Feb 2018February 2018	100,000 /yr
1705	2-bed	905 sqft	AED 1.16MAED 1,159,680 · Feb 2018February 2018	104,055 /yr
1706	2-bed	900 sqft	AED 1.15MAED 1,152,000 · Feb 2018February 2018	108,150 /yr
1707	2-bed	902 sqft	AED 1.53MAED 1,530,000 · Jan 2024January 2024	85,000 /yr
1708	2-bed	899 sqft	AED 1.5MAED 1,500,000 · Jul 2025July 2025	83,000 /yr
1709	2-bed	908 sqft	AED 1.55MAED 1,550,000 · Nov 2023November 2023	80,000 /yr
1710	1-bed	479 sqft	AED 706KAED 705,600 · Feb 2018February 2018	60,000 /yr
1711	1-bed	477 sqft	AED 698KAED 697,920 · Feb 2018February 2018	60,000 /yr
1712	1-bed	476 sqft	AED 900KAED 900,000 · Sep 2023September 2023	68,000 /yr
1713	1-bed	475 sqft	AED 730KAED 730,000 · Apr 2018April 2018	70,000 /yr
1714	1-bed	485 sqft	AED 1.02MAED 1,015,000 · Aug 2026August 2026	75,000 /yr
1715	1-bed	478 sqft	AED 765KAED 765,000 · Feb 2018February 2018	72,000 /yr
1716	1-bed	475 sqft	AED 756KAED 756,000 · Apr 2018April 2018	81,105 /yr
1717	1-bed	475 sqft	AED 800KAED 800,000 · Mar 2023March 2023	80,000 /yr
1718	1-bed	475 sqft	AED 726KAED 725,760 · Feb 2018February 2018	73,500 /yr
1719	1-bed	475 sqft	AED 726KAED 725,760 · Feb 2018February 2018	60,000 /yr
1720	1-bed	474 sqft	AED 726KAED 725,760 · Feb 2018February 2018	78,750 /yr
1721	2-bed	905 sqft	AED 1.19MAED 1,192,320 · Feb 2018February 2018	100,000 /yr

1–7 of 20

1701, Vera Residences in numbers

Sold once: by DAMAC on 26 February 2018 for AED 1,236,000, or AED 1,373 per sqft.
Rented since September 2022 on 7 Ejari contracts, at AED 85,000 a year.
At AED 85,000 a year the gross yield on the 2018 price is 6.9%, 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 5 September 2026.

Questions about 1701, Vera Residences

What did unit 1701 last sell for?

AED 1,236,000 on 26 February 2018, sold by the developer: AED 1,373 per sqft for 900 sqft. It is the only registered sale of the unit.

What is the rent for unit 1701?

AED 85,000 a year on the contract renewed on 5 September 2026. The previous contract, from September 2025, was AED 94,475; the unit has been rented since September 2022.

How big is unit 1701?

900 sqft (83.6 sqm): a two-bedroom apartment on the 17th floor of a 28-storey tower completed in 2022.

What is unit 1701 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 1701, Vera Residences

Starts from the last sale price (AED 1.24M, 26 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 1,236,000
Deposit, UAE resident (20%): AED 247,200
Deposit, non-resident (40%): AED 494,400
Monthly over 25 years at 3.7%: AED 5,057

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