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1-bed · 478 sqftVera Residences, Business Bay · 26th floor · completed 2022

2612, Vera Residences

Sold prices and rental history: sold twice, last in November 2022, and rented since 2023. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2612 · DLD and Ejari recordsUpdated 26 May 2024
Last soldAED 680K3 November 2022
Current rentAED 71K /yr26 May 2024
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2612, Vera Residences

What is 2612 worth today?

Last sold for AED 680,000 in 2022

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26 May 2024RentedRenewal
AED 71,400/yr12 months · AED 149 per sqft
26 May 2023RentedNew contract
AED 68,000/yr12 months · AED 142 per sqft
3 Nov 2022SoldReady
AED 680,000AED 1,422 per sqft
13 Feb 2018Sold by developerOff-plan
AED 762,000AED 1,594 per sqft

Source: Dubai Land Department. Updated 26 May 2024.

Key facts

Type
1-bed apartment
Size
478 sqft
Floor
26th of 28
Parking
P2-089
Developer
DAMAC
Completed
2022
Service charge
AED 10,500 /yr
Last sold
AED 680K · November 2022
Building
Vera Residences

About 2612, Vera Residences

2612 is a one-bedroom apartment of 478 sqft on the 26th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 3 November 2022 for AED 680,000, or AED 1,422 per sqft, 21% below the AED 1,801 one-beds in the building were fetching at the time.

It has been rented since 2023 on 2 Ejari contracts. The current contract, renewed on 26 May 2024, is AED 71,400 a year: a gross yield of 10.5% on the 2022 price, before the service charge of about AED 10,500 a year.

Sales and rents for 2612 over time

Sales
Unit 2612, 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 762,000 (AED 1,594 per sqft)Sold, November 2022: AED 680,000 (AED 1,422 per sqft)

2612 has sold twice; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2612, 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, May 2023: AED 68,000 a yearRenewal, May 2024: AED 71,400 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 2612 sits

All 293 1-beds →

2612 last sold in November 2022 at AED 1,422 per sqft, 21% below what one-beds in Vera Residences were fetching at the time (AED 1,801). 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. 2612's AED 71,400 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 26th floor

All 522 units in Vera Residences
Value
26012-bedAED 500K · Mar 2026
26022-bedAED 1.34M · Feb 2019
26031-bedAED 1.19M · Jun 2025
26042-bedAED 1.22M · Feb 2018
26052-bedAED 1.18M · Feb 2018
26062-bedAED 1.3M · May 2018
26072-bedAED 1.23M · Feb 2018
1–7 of 20

2612, Vera Residences in numbers

  • Sold twice: first on 13 February 2018 for AED 762,000, last on 3 November 2022 for AED 680,000 (AED 1,422 per sqft).
  • Rented since May 2023 on 2 Ejari contracts, from AED 68,000 to AED 71,400 a year.
  • At AED 71,400 a year the gross yield on the 2022 price is 10.5%, 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 26 May 2024.

Questions about 2612, Vera Residences

What did unit 2612 last sell for?

AED 680,000 on 3 November 2022: AED 1,422 per sqft for 478 sqft. The unit has 2 registered sales; the first was AED 762,000 in February 2018.

What is the rent for unit 2612?

AED 71,400 a year on the contract renewed on 26 May 2024. The previous contract, from May 2023, was AED 68,000.

How big is unit 2612?

478 sqft (44.4 sqm): a one-bedroom apartment on the 26th floor of a 28-storey tower completed in 2022.

What is unit 2612 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 2612, Vera Residences

Starts from the last sale price (AED 680K, 3 November 2022). Switch to today's estimate once you have unlocked it.
Price
AED 680,000
Deposit, UAE resident (20%)
AED 136,000
Deposit, non-resident (40%)
AED 272,000
Monthly over 25 years at 3.7%
AED 2,782

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