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1-bed · 475 sqftVera Residences, Business Bay · 23rd floor · completed 2022

2318, Vera Residences

Sold prices and rental history: sold twice, last in November 2024, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2318 · DLD and Ejari recordsUpdated 20 January 2025
Last soldAED 1.05M29 November 2024
Current rentAED 70K /yr20 January 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2318, Vera Residences

What is 2318 worth today?

Last sold for AED 1,050,000 in 2024

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20 Jan 2025RentedNew contract
AED 69,895/yr10 months · AED 147 per sqft
29 Nov 2024SoldReady
AED 1,050,000AED 2,211 per sqft
20 Jan 2024RentedRenewal
AED 70,000/yr12 months · AED 148 per sqft
20 Jan 2023RentedNew contract
AED 70,000/yr12 months · AED 148 per sqft
28 Feb 2018Sold by developerOff-plan
AED 739,200AED 1,556 per sqft

Source: Dubai Land Department. Updated 20 January 2025.

Key facts

Type
1-bed apartment
Size
475 sqft
Floor
23rd of 28
Parking
P3-005
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 1.05M · November 2024
Building
Vera Residences

About 2318, Vera Residences

2318 is a one-bedroom apartment of 475 sqft on the 23rd floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 29 November 2024 for AED 1,050,000, or AED 2,211 per sqft, in line with the AED 2,205 one-beds in the building were fetching at the time.

It has been rented since 2023 on 3 Ejari contracts. The current contract, signed on 20 January 2025, is AED 69,895 a year: a gross yield of 6.7% on the 2024 price, before the service charge of about AED 10,500 a year.

Sales and rents for 2318 over time

Sales
Unit 2318, 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 739,200 (AED 1,556 per sqft)Sold, November 2024: AED 1,050,000 (AED 2,211 per sqft)

2318 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2318, each contractTypical one-bed in Vera Residences
65K70K75K202220242026Typical 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 70,000 a yearRenewal, January 2024: AED 70,000 a yearNew contract, January 2025: AED 69,895 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 2318 sits

All 293 1-beds →

2318 last sold in November 2024 at AED 2,211 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 2,205). 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. 2318's AED 69,895 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 23rd floor

All 522 units in Vera Residences
Value
23012-bedAED 2.12M · May 2026
23022-bedAED 1.33M · Dec 2018
23031-bedAED 740K · Feb 2018
23042-bedAED 1.36M · Apr 2018
23052-bedAED 1.33M · Mar 2018
23062-bedAED 1.32M · Apr 2018
23072-bedAED 1.32M · May 2018
1–7 of 20

2318, Vera Residences in numbers

  • Sold twice: first on 28 February 2018 for AED 739,200, last on 29 November 2024 for AED 1,050,000 (AED 2,211 per sqft).
  • Rented since January 2023 on 3 Ejari contracts, from AED 70,000 to AED 69,895 a year.
  • At AED 69,895 a year the gross yield on the 2024 price is 6.7%, 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 20 January 2025.

Questions about 2318, Vera Residences

What did unit 2318 last sell for?

AED 1,050,000 on 29 November 2024: AED 2,211 per sqft for 475 sqft. The unit has 2 registered sales; the first was AED 739,200 in February 2018.

What is the rent for unit 2318?

AED 69,895 a year on the contract signed on 20 January 2025. The previous contract, from January 2024, was AED 70,000; the unit has been rented since January 2023.

How big is unit 2318?

475 sqft (44.1 sqm): a one-bedroom apartment on the 23rd floor of a 28-storey tower completed in 2022.

What is unit 2318 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 2318, Vera Residences

Starts from the last sale price (AED 1.05M, 29 November 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,050,000
Deposit, UAE resident (20%)
AED 210,000
Deposit, non-resident (40%)
AED 420,000
Monthly over 25 years at 3.7%
AED 4,296

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