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1-bed · 476 sqftVera Residences, Business Bay · 17th floor · completed 2022

1712, Vera Residences

Sold prices and rental history: sold twice, last in September 2023, and rented continuously since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1712 · DLD and Ejari recordsUpdated 1 October 2026
Last soldAED 900K5 September 2023
Current rentAED 75K /yr1 October 2026
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 1712, Vera Residences

What is 1712 worth today?

Last sold for AED 900,000 in 2023

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1 Oct 2026RentedRenewal
AED 75,000/yr12 months · AED 158 per sqft
1 Oct 2026RentedRenewal
AED 68,000/yr12 months · AED 144 per sqft
1 Sep 2026RentedNew contract
AED 60,000/yr12 months · AED 127 per sqft
1 Oct 2025RentedRenewal
AED 56,000/yr12 months · AED 118 per sqft
1 Oct 2025RentedRenewal
AED 73,000/yr12 months · AED 154 per sqft
1 Oct 2025RentedRenewal
AED 75,000/yr12 months · AED 158 per sqft
1 Oct 2024RentedRenewal
AED 77,000/yr24 months · AED 163 per sqft
1 Oct 2023RentedNew contract
AED 75,000/yr12 months · AED 158 per sqft

Source: Dubai Land Department. Updated 1 October 2026.

Key facts

Type
1-bed apartment
Size
476 sqft
Floor
17th of 28
Parking
P3-069
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 900K · September 2023
Building
Vera Residences

About 1712, Vera Residences

1712 is a one-bedroom apartment of 476 sqft on the 17th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 5 September 2023 for AED 900,000, or AED 1,890 per sqft, 7% above the AED 1,769 one-beds in the building were fetching at the time.

It has been rented continuously since 2023 on 9 Ejari contracts. The current contract, renewed on 1 October 2026, is AED 75,000 a year: a gross yield of 8.3% on the 2023 price, before the service charge of about AED 10,500 a year.

Sales and rents for 1712 over time

Sales
Unit 1712, each saleTypical one-bed in Vera Residences
500K750K1M2018202120242027Typical sale price by year: 2018 AED 753,000; 2019 AED 741,560; 2021 AED 590,000; 2022 AED 829,500; 2023 AED 900,000; 2024 AED 1,072,500; 2025 AED 1,100,000; 2026 AED 1,100,000Sold by developer, February 2018: AED 726,000 (AED 1,525 per sqft)Sold, September 2023: AED 900,000 (AED 1,890 per sqft)

1712 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 1712, each contractTypical one-bed in Vera Residences
60K70K80K202220242026Typical rent by year: 2022 AED 65,000; 2023 AED 70,000; 2024 AED 75,000; 2025 AED 75,000; 2026 AED 67,000New contract, January 2023: AED 65,000 a yearNew contract, October 2023: AED 75,000 a yearRenewal, October 2024: AED 77,000 a yearRenewal, October 2025: AED 56,000 a yearRenewal, October 2025: AED 73,000 a yearRenewal, October 2025: AED 75,000 a yearNew contract, September 2026: AED 60,000 a yearRenewal, October 2026: AED 75,000 a yearRenewal, October 2026: AED 68,000 a year

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 1712 sits

All 293 1-beds →

1712 last sold in September 2023 at AED 1,890 per sqft, 7% above what one-beds in Vera Residences were fetching at the time (AED 1,769). 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. 1712's AED 75,000 is in the lower half of that range.

Recent 1-bed salesUnit no.Price (AED)Summary
19 Oct 2026940,000
16 Oct 20261,000,000
19 Aug 20261,254,000
18 Aug 20261,141,000
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 17th floor

All 522 units in Vera Residences
Value
17012-bedAED 1.24M · Feb 2018
17022-bedAED 1.24M · Mar 2018
17031-bedAED 724K · Feb 2018
17042-bedAED 1.19M · Feb 2018
17052-bedAED 1.16M · Feb 2018
17062-bedAED 1.15M · Feb 2018
17072-bedAED 1.53M · Jan 2024
1–7 of 20

1712, Vera Residences in numbers

  • Sold twice: first on 5 February 2018 for AED 726,000, last on 5 September 2023 for AED 900,000 (AED 1,890 per sqft).
  • Rented since January 2023 on 9 Ejari contracts. The rent fell from AED 65,000 to AED 56,000 in 2025 and recovered to AED 75,000 by October 2026.
  • At AED 75,000 a year the gross yield on the 2023 price is 8.3%, 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 1 October 2026.

Questions about 1712, Vera Residences

What did unit 1712 last sell for?

AED 900,000 on 5 September 2023: AED 1,890 per sqft for 476 sqft. The unit has 2 registered sales; the first was AED 726,000 in February 2018.

What is the rent for unit 1712?

AED 75,000 a year on the contract renewed on 1 October 2026. The previous contract, from October 2026, was AED 68,000; the unit has been rented since January 2023.

How big is unit 1712?

476 sqft (44.2 sqm): a one-bedroom apartment on the 17th floor of a 28-storey tower completed in 2022.

What is unit 1712 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 1712, Vera Residences

Starts from the last sale price (AED 900K, 5 September 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 →