1-bed · 474 sqftVera Residences, Business Bay · 24th floor · completed 2022

2420, Vera Residences

Sold prices and rental history: sold twice, last in March 2024, and no registered rental contract. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2420 · DLD and Ejari recordsUpdated 7 March 2024
Last soldAED 1.05M7 March 2024
Estimated yieldfree after one verification
Today's valuefree after one verification

Property timeline for 2420, Vera Residences

What is 2420 worth today?

Last sold for AED 1,050,000 in 2024

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7 Mar 2024SoldReady
AED 1,050,000AED 2,213 per sqft
28 Mar 2022Sold by developerOff-plan
AED 916,650AED 1,932 per sqft

Source: Dubai Land Department. Updated 7 March 2024.

Key facts

Type
1-bed apartment
Size
474 sqft
Floor
24th of 28
Parking
P2-121
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 1.05M · March 2024

About 2420, Vera Residences

2420 is a one-bedroom apartment of 474 sqft on the 24th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 7 March 2024 for AED 1,050,000, or AED 2,213 per sqft, 14% above the AED 1,937 one-beds in the building were fetching at the time.

No rental contract for the unit is registered on Ejari.

Sales and rents for 2420 over time

Sales
Unit 2420, 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, March 2022: AED 916,650 (AED 1,932 per sqft)Sold, March 2024: AED 1,050,000 (AED 2,213 per sqft)

2420 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2420, 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 67,000

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 2420 sits

All 293 1-beds →

2420 last sold in March 2024 at AED 2,213 per sqft, 14% above what one-beds in Vera Residences were fetching at the time (AED 1,937). 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.

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 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
24062-bedAED 1.43M · Mar 2022
24072-bedAED 1.38M · May 2023
1–7 of 20

2420, Vera Residences in numbers

  • Sold twice: first on 28 March 2022 for AED 916,650, last on 7 March 2024 for AED 1,050,000 (AED 2,213 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 7 March 2024.

Questions about 2420, Vera Residences

What did unit 2420 last sell for?

AED 1,050,000 on 7 March 2024: AED 2,213 per sqft for 474 sqft. The unit has 2 registered sales; the first was AED 916,650 in March 2022.

How big is unit 2420?

474 sqft (44.0 sqm): a one-bedroom apartment on the 24th floor of a 28-storey tower completed in 2022.

What is unit 2420 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 2420, Vera Residences

Starts from the last sale price (AED 1.05M, 7 March 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 →