2-bed · 900 sqftVera Residences, Business Bay · 18th floor · completed 2022

1806, Vera Residences

Sold prices and rental history: sold once, by the developer in February 2019, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 1806 · DLD and Ejari recordsUpdated 26 February 2019
Last soldAED 1.28M26 February 2019
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 1806, Vera Residences

What is 1806 worth today?

Last sold for AED 1,284,000 in 2019

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26 Feb 2019Sold by developerOff-plan
AED 1,284,000AED 1,426 per sqft

Source: Dubai Land Department. Updated 26 February 2019.

Key facts

Type
2-bed apartment
Size
900 sqft
Floor
18th of 28
Parking
P1-046
Developer
DAMAC
Completed
2022
Service charge
AED 19,800 /yr
Last sold
AED 1.28M · February 2019

About 1806, Vera Residences

1806 is a two-bedroom apartment of 900 sqft on the 18th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 26 February 2019 for AED 1,284,000, or AED 1,426 per sqft, in line with the AED 1,406 two-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 1806 over time

Sales
Unit 1806, each saleTypical two-bed in Vera Residences
1.2M1.4M1.6M2018202120242027Typical sale price by year: 2018 AED 1,233,000; 2019 AED 1,286,500; 2020 AED 1,200,562; 2021 AED 1,263,000; 2022 AED 1,409,800; 2023 AED 1,450,000; 2024 AED 1,500,000; 2025 AED 1,540,000; 2026 AED 1,539,573Sold by developer, February 2019: AED 1,284,000 (AED 1,426 per sqft)

1806 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 1806, each contractTypical two-bed in Vera Residences
90K100K110K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000

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 1806 sits

All 225 2-beds →

1806 last sold in February 2019 at AED 1,426 per sqft, in line with what two-beds in Vera Residences were fetching at the time (AED 1,406). 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.

Recent 2-bed salesUnit no.Price (AED)Summary
29 Oct 20261,350,000
14 Sep 20261,546,373
26 Aug 20261,532,772
16 Jul 20261,513,848
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 18th floor

All 522 units in Vera Residences
Value
18012-bedAED 1.19M · Feb 2018
18022-bedAED 1.19M · Feb 2018
18031-bedAED 779K · Feb 2018
18042-bedAED 1.24M · Feb 2018
18052-bedAED 1.45M · Jan 2024
18072-bedAED 1.15M · Feb 2018
18082-bedAED 1.15M · Feb 2018
1–7 of 20

1806, Vera Residences in numbers

  • Sold once: by DAMAC on 26 February 2019 for AED 1,284,000, or AED 1,426 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 26 February 2019.

Questions about 1806, Vera Residences

What did unit 1806 last sell for?

AED 1,284,000 on 26 February 2019, sold by the developer: AED 1,426 per sqft for 900 sqft. It is the only registered sale of the unit.

How big is unit 1806?

900 sqft (83.6 sqm): a two-bedroom apartment on the 18th floor of a 28-storey tower completed in 2022.

What is unit 1806 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 1806, Vera Residences

Starts from the last sale price (AED 1.28M, 26 February 2019). Switch to today's estimate once you have unlocked it.
Price
AED 1,284,000
Deposit, UAE resident (20%)
AED 256,800
Deposit, non-resident (40%)
AED 513,600
Monthly over 25 years at 3.7%
AED 5,253

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