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2-bed · 906 sqftVera Residences, Business Bay · 24th floor · completed 2022

2405, Vera Residences

Sold prices and rental history: sold once, by the developer in January 2022, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2405 · DLD and Ejari recordsUpdated 5 December 2024
Last soldAED 1.37M26 January 2022
Current rentAED 110K /yr5 December 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2405, Vera Residences

What is 2405 worth today?

Last sold for AED 1,373,000 in 2022

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5 Dec 2024RentedNew contract
AED 110,000/yr36 months · AED 121 per sqft
17 Oct 2023RentedRenewal
AED 99,000/yr13 months · AED 109 per sqft
17 Oct 2022RentedNew contract
AED 90,000/yr12 months · AED 100 per sqft
26 Jan 2022Sold by developerOff-plan
AED 1,373,000AED 1,515 per sqft

Source: Dubai Land Department. Updated 5 December 2024.

Key facts

Type
2-bed apartment
Size
906 sqft
Floor
24th of 28
Parking
G-008
Developer
DAMAC
Completed
2022
Service charge
AED 20,000 /yr
Last sold
AED 1.37M · January 2022
Building
Vera Residences

About 2405, Vera Residences

2405 is a two-bedroom apartment of 906 sqft on the 24th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 26 January 2022 for AED 1,373,000, or AED 1,515 per sqft, 6% above the AED 1,430 two-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, signed on 5 December 2024, is AED 110,000 a year: a gross yield of 8.0% on the 2022 price, before the service charge of about AED 20,000 a year.

Sales and rents for 2405 over time

Sales
Unit 2405, 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, January 2022: AED 1,373,000 (AED 1,515 per sqft)

2405 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2405, 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 100,000New contract, October 2022: AED 90,000 a yearRenewal, October 2023: AED 99,000 a yearNew contract, December 2024: AED 110,000 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 2405 sits

All 225 2-beds →

2405 last sold in January 2022 at AED 1,515 per sqft, 6% above what two-beds in Vera Residences were fetching at the time (AED 1,430). 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. 2405's AED 110,000 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 24th floor

All 522 units in Vera Residences
Value
24012-bedAED 1.46M · May 2022
24022-bedAED 1.69M · Mar 2023
24031-bedAED 999K · Sep 2023
24042-bedAED 2M · Aug 2024
24062-bedAED 1.43M · Mar 2022
24072-bedAED 1.38M · May 2023
24082-bedAED 1.5M · Dec 2023
1–7 of 20

2405, Vera Residences in numbers

  • Sold once: by DAMAC on 26 January 2022 for AED 1,373,000, or AED 1,515 per sqft.
  • Rented since October 2022 on 3 Ejari contracts, from AED 90,000 to AED 110,000 a year.
  • At AED 110,000 a year the gross yield on the 2022 price is 8.0%, 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 5 December 2024.

Questions about 2405, Vera Residences

What did unit 2405 last sell for?

AED 1,373,000 on 26 January 2022, sold by the developer: AED 1,515 per sqft for 906 sqft. It is the only registered sale of the unit.

What is the rent for unit 2405?

AED 110,000 a year on the contract signed on 5 December 2024. The previous contract, from October 2023, was AED 99,000; the unit has been rented since October 2022.

How big is unit 2405?

906 sqft (84.2 sqm): a two-bedroom apartment on the 24th floor of a 28-storey tower completed in 2022.

What is unit 2405 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 2405, Vera Residences

Starts from the last sale price (AED 1.37M, 26 January 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,373,000
Deposit, UAE resident (20%)
AED 274,600
Deposit, non-resident (40%)
AED 549,200
Monthly over 25 years at 3.7%
AED 5,617

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