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2-bed · 908 sqftVera Residences, Business Bay · 20th floor · completed 2022

2004, Vera Residences

Sold prices and rental history: sold twice, last in March 2020, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2004 · DLD and Ejari recordsUpdated 30 January 2024
Last soldAED 750K4 March 2020
Current rentAED 125K /yr30 January 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2004, Vera Residences

What is 2004 worth today?

Last sold for AED 750,000 in 2020

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30 Jan 2024RentedRenewal
AED 125,000/yr12 months · AED 138 per sqft
30 Jan 2023RentedNew contract
AED 110,000/yr12 months · AED 122 per sqft
4 Mar 2020SoldOff-plan
AED 750,000AED 826 per sqft
11 Feb 2018Sold by developerOff-plan
AED 1,212,480AED 1,335 per sqft

Source: Dubai Land Department. Updated 30 January 2024.

Key facts

Type
2-bed apartment
Size
908 sqft
Floor
20th of 28
Parking
P1-026
Developer
DAMAC
Completed
2022
Service charge
AED 20,000 /yr
Last sold
AED 750K · March 2020
Building
Vera Residences

About 2004, Vera Residences

2004 is a two-bedroom apartment of 908 sqft on the 20th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 4 March 2020 for AED 750,000, or AED 826 per sqft, 42% below the AED 1,418 two-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 30 January 2024, is AED 125,000 a year: a gross yield of 16.7% on the 2020 price, before the service charge of about AED 20,000 a year.

Sales and rents for 2004 over time

Sales
Unit 2004, each saleTypical two-bed in Vera Residences
1M1.5M2018202120242027Typical 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 2018: AED 1,212,480 (AED 1,335 per sqft)Sold, March 2020: AED 750,000 (AED 826 per sqft)

2004 has sold twice; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2004, each contractTypical two-bed in Vera Residences
100K120K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, January 2023: AED 110,000 a yearRenewal, January 2024: AED 125,000 a year

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 2004 sits

All 225 2-beds →

2004 last sold in March 2020 at AED 826 per sqft, 42% below what two-beds in Vera Residences were fetching at the time (AED 1,418). 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. 2004's AED 125,000 is in the upper half of that range.

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 20th floor

All 522 units in Vera Residences
Value
20012-bedAED 1.33M · Jul 2018
20022-bedAED 1.26M · Feb 2018
20031-bedAED 400K · Nov 2019
20052-bedAED 1.33M · May 2018
20062-bedAED 1.5M · Jul 2024
20072-bedAED 1.5M · Oct 2025
20082-bedAED 1.22M · Feb 2018
1–7 of 20

2004, Vera Residences in numbers

  • Sold twice: first on 11 February 2018 for AED 1,212,480, last on 4 March 2020 for AED 750,000 (AED 826 per sqft).
  • Rented since January 2023 on 2 Ejari contracts, from AED 110,000 to AED 125,000 a year.
  • At AED 125,000 a year the gross yield on the 2020 price is 16.7%, before a service charge of about AED 20,000 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 30 January 2024.

Questions about 2004, Vera Residences

What did unit 2004 last sell for?

AED 750,000 on 4 March 2020: AED 826 per sqft for 908 sqft. The unit has 2 registered sales; the first was AED 1,212,480 in February 2018.

What is the rent for unit 2004?

AED 125,000 a year on the contract renewed on 30 January 2024. The previous contract, from January 2023, was AED 110,000.

How big is unit 2004?

908 sqft (84.4 sqm): a two-bedroom apartment on the 20th floor of a 28-storey tower completed in 2022.

What is unit 2004 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 2004, Vera Residences

Starts from the last sale price (AED 750K, 4 March 2020). Switch to today's estimate once you have unlocked it.
Price
AED 750,000
Deposit, UAE resident (20%)
AED 150,000
Deposit, non-resident (40%)
AED 300,000
Monthly over 25 years at 3.7%
AED 3,068

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