1-bed · 475 sqftVera Residences, Business Bay · 26th floor · completed 2022

2616, Vera Residences

Name: Yalla Value Property Public Auction LLC
Address: Empire Heights, Office No. B-02-15, Floor P3, Business Bay, Dubai, AE
Telephone: +971585995901

Sold prices and rental history: sold once, by the developer in February 2018, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

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Unit 2616 · DLD and Ejari recordsUpdated 6 November 2024

Last soldAED 792K28 February 2018

Current rentAED 72K /yr6 November 2024

Estimated yieldfree after one verification

Today's valuefree after one verification

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Property timeline for 2616, Vera Residences

Today

What is 2616 worth today?

Last sold for AED 792,000 in 2018

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6 Nov 2024

6 Nov 2024RentedRenewal

AED 72,000/yr12 months · AED 152 per sqft

6 Nov 2023

6 Nov 2023RentedRenewal

AED 69,000/yr12 months · AED 146 per sqft

6 Nov 2022

6 Nov 2022RentedNew contract

AED 68,000/yr12 months · AED 144 per sqft

28 Feb 2018

28 Feb 2018Sold by developerOff-plan

AED 792,000AED 1,668 per sqft

Source: Dubai Land Department. Updated 6 November 2024.

Key facts

Type: 1-bed apartment
Size: 475 sqft
Floor: 26th of 28
Parking: P2-093
Developer: DAMAC
Completed: 2022
Service charge: AED 10,500 /yr
Last sold: AED 792K · February 2018
Building: Vera Residences

About 2616, Vera Residences

2616 is a one-bedroom apartment of 475 sqft on the 26th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 28 February 2018 for AED 792,000, or AED 1,668 per sqft, 6% above the AED 1,574 one-beds in the building were fetching at the time.

It has been rented since 2022 on 3 Ejari contracts. The current contract, renewed on 6 November 2024, is AED 72,000 a year: a gross yield of 9.1% on the 2018 price, before the service charge of about AED 10,500 a year.

Sales and rents for 2616 over time

Sales

Unit 2616, each saleTypical one-bed in Vera Residences

2616 has sold once; the dashed line is the one-bed median of each year in the building.

Rents

Unit 2616, each contractTypical one-bed in Vera Residences

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 2616 sits

All 293 1-beds →

1-beds in Vera Residences · last 12 months2,225 /sqft Vera Residences · all types2,097 /sqft

2616 last sold in February 2018 at AED 1,668 per sqft, 6% above what one-beds in Vera Residences were fetching at the time (AED 1,574). 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. 2616's AED 72,000 is in the lower half of that range.

Recent 1-bed sales	Size	Price (AED)	Per sqft
19 Oct 202619 October 2026	475 sqft	940,000	1,979
16 Oct 202616 October 2026	474 sqft	1,000,000	2,107
19 Aug 202619 August 2026	513 sqft	1,254,000	2,445
18 Aug 202618 August 2026	513 sqft	1,141,000	2,225

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


2601	2-bed	905 sqft	AED 500KAED 500,000 · Mar 2026March 2026	117,000 /yr
2602	2-bed	892 sqft	AED 1.34MAED 1,339,000 · Feb 2019February 2019	125,000 /yr
2603	1-bed	513 sqft	AED 1.19MAED 1,190,000 · Jun 2025June 2025	85,000 /yr
2604	2-bed	908 sqft	AED 1.22MAED 1,217,280 · Feb 2018February 2018	130,000 /yr
2605	2-bed	906 sqft	AED 1.18MAED 1,184,640 · Feb 2018February 2018	85,000 /yr
2606	2-bed	901 sqft	AED 1.3MAED 1,303,000 · May 2018May 2018	100,000 /yr
2607	2-bed	901 sqft	AED 1.23MAED 1,225,000 · Feb 2018February 2018	88,806 /yr
2608	2-bed	899 sqft	AED 1.23MAED 1,225,000 · May 2018May 2018	97,000 /yr
2609	2-bed	909 sqft	AED 1.23MAED 1,234,000 · Feb 2018February 2018	90,000 /yr
2610	1-bed	475 sqft	AED 740KAED 740,160 · Feb 2018February 2018	73,333 /yr
2611	1-bed	477 sqft	AED 829KAED 829,000 · May 2018May 2018	65,000 /yr
2612	1-bed	478 sqft	AED 680KAED 680,000 · Nov 2022November 2022	71,400 /yr
2613	1-bed	475 sqft	AED 771KAED 771,000 · Feb 2018February 2018	70,000 /yr
2614	1-bed	479 sqft	AED 778KAED 778,000 · Feb 2018February 2018	73,000 /yr
2615	1-bed	480 sqft	AED 802KAED 802,000 · Feb 2018February 2018	60,000 /yr
2617	1-bed	475 sqft	AED 792KAED 792,000 · Feb 2018February 2018	58,000 /yr
2618	1-bed	475 sqft	AED 760KAED 760,320 · Feb 2018February 2018	74,799 /yr
2619	1-bed	475 sqft	AED 650KAED 650,000 · Dec 2019December 2019	83,000 /yr
2620	1-bed	474 sqft	AED 830KAED 830,000 · Nov 2022November 2022
2621	2-bed	906 sqft	AED 1.64MAED 1,640,000 · Feb 2026February 2026	95,000 /yr

1–7 of 20

2616, Vera Residences in numbers

Sold once: by DAMAC on 28 February 2018 for AED 792,000, or AED 1,668 per sqft.
Rented since November 2022 on 3 Ejari contracts, from AED 68,000 to AED 72,000 a year.
At AED 72,000 a year the gross yield on the 2018 price is 9.1%, 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 6 November 2024.

Questions about 2616, Vera Residences

What did unit 2616 last sell for?

AED 792,000 on 28 February 2018, sold by the developer: AED 1,668 per sqft for 475 sqft. It is the only registered sale of the unit.

What is the rent for unit 2616?

AED 72,000 a year on the contract renewed on 6 November 2024. The previous contract, from November 2023, was AED 69,000; the unit has been rented since November 2022.

How big is unit 2616?

475 sqft (44.1 sqm): a one-bedroom apartment on the 26th floor of a 28-storey tower completed in 2022.

What is unit 2616 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 2616, Vera Residences

Starts from the last sale price (AED 792K, 28 February 2018). Switch to today's estimate once you have unlocked it.

Price: AED 792,000
Deposit, UAE resident (20%): AED 158,400
Deposit, non-resident (40%): AED 316,800
Monthly over 25 years at 3.7%: AED 3,240

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