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2-bed · 901 sqftVera Residences, Business Bay · 24th floor · completed 2022

2406, Vera Residences

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

Unit 2406 · DLD and Ejari recordsUpdated 27 November 2023
Last soldAED 1.43M30 March 2022
Current rentAED 105K /yr27 November 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2406, Vera Residences

What is 2406 worth today?

Last sold for AED 1,432,200 in 2022

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27 Nov 2023RentedNew contract
AED 105,000/yr12 months · AED 116 per sqft
1 Nov 2022RentedNew contract
AED 95,000/yr12 months · AED 105 per sqft
16 Aug 2022RentedNew contract
AED 118,000/yr12 months · AED 131 per sqft
30 Mar 2022Sold by developerOff-plan
AED 1,432,200AED 1,589 per sqft

Source: Dubai Land Department. Updated 27 November 2023.

Key facts

Type
2-bed apartment
Size
901 sqft
Floor
24th of 28
Parking
G-009
Developer
DAMAC
Completed
2022
Service charge
AED 19,900 /yr
Last sold
AED 1.43M · March 2022
Building
Vera Residences

About 2406, Vera Residences

2406 is a two-bedroom apartment of 901 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 30 March 2022 for AED 1,432,200, or AED 1,589 per sqft, 3% above the AED 1,541 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 27 November 2023, is AED 105,000 a year: a gross yield of 7.3% on the 2022 price, before the service charge of about AED 19,900 a year.

Sales and rents for 2406 over time

Sales
Unit 2406, 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, March 2022: AED 1,432,200 (AED 1,589 per sqft)

2406 has sold once; the dashed line is the two-bed median of each year in the building.

Rents
Unit 2406, 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, August 2022: AED 118,000 a yearNew contract, November 2022: AED 95,000 a yearNew contract, November 2023: AED 105,000 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 2406 sits

All 225 2-beds →

2406 last sold in March 2022 at AED 1,589 per sqft, 3% above what two-beds in Vera Residences were fetching at the time (AED 1,541). 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. 2406's AED 105,000 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
24052-bedAED 1.37M · Jan 2022
24072-bedAED 1.38M · May 2023
24082-bedAED 1.5M · Dec 2023
1–7 of 20

2406, Vera Residences in numbers

  • Sold once: by DAMAC on 30 March 2022 for AED 1,432,200, or AED 1,589 per sqft.
  • Rented since August 2022 on 3 Ejari contracts. The rent fell from AED 118,000 to AED 95,000 in 2022 and recovered to AED 105,000 by November 2023.
  • At AED 105,000 a year the gross yield on the 2022 price is 7.3%, before a service charge of about AED 19,900 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 27 November 2023.

Questions about 2406, Vera Residences

What did unit 2406 last sell for?

AED 1,432,200 on 30 March 2022, sold by the developer: AED 1,589 per sqft for 901 sqft. It is the only registered sale of the unit.

What is the rent for unit 2406?

AED 105,000 a year on the contract signed on 27 November 2023. The previous contract, from November 2022, was AED 95,000; the unit has been rented since August 2022.

How big is unit 2406?

901 sqft (83.7 sqm): a two-bedroom apartment on the 24th floor of a 28-storey tower completed in 2022.

What is unit 2406 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 2406, Vera Residences

Starts from the last sale price (AED 1.43M, 30 March 2022). Switch to today's estimate once you have unlocked it.
Price
AED 1,432,200
Deposit, UAE resident (20%)
AED 286,440
Deposit, non-resident (40%)
AED 572,880
Monthly over 25 years at 3.7%
AED 5,860

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