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1-bed · 511 sqftVera Residences, Business Bay · 28th floor · completed 2022

2803, Vera Residences

Sold prices and rental history: sold 3 times, last in October 2024, and rented since 2022. Every registered sale and contract is below; today's estimate is free after a one-time verification.

Unit 2803 · DLD and Ejari recordsUpdated 1 October 2024
Last soldAED 1.12M1 October 2024
Current rentAED 65K /yr8 February 2023
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 2803, Vera Residences

What is 2803 worth today?

Last sold for AED 1,115,000 in 2024

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1 Oct 2024SoldReady
AED 1,115,000AED 2,181 per sqft
12 Jul 2024SoldReady
AED 1,139,467AED 2,229 per sqft
8 Feb 2023RentedNew contract
AED 65,000/yr12 months · AED 127 per sqft
6 Sep 2022RentedNew contract
AED 65,000/yr12 months · AED 127 per sqft
9 Apr 2018Sold by developerOff-plan
AED 864,000AED 1,826 per sqft

Source: Dubai Land Department. Updated 1 October 2024.

Key facts

Type
1-bed apartment
Size
511 sqft
Floor
28th of 28
Parking
P2-074
Developer
DAMAC
Completed
2022
Service charge
AED 11,300 /yr
Last sold
AED 1.12M · October 2024
Building
Vera Residences

About 2803, Vera Residences

2803 is a one-bedroom apartment of 511 sqft on the 28th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. It last sold on 1 October 2024 for AED 1,115,000, or AED 2,181 per sqft, in line with the AED 2,183 one-beds in the building were fetching at the time.

It has been rented since 2022 on 2 Ejari contracts. The current contract, signed on 8 February 2023, is AED 65,000 a year: a gross yield of 5.8% on the 2024 price, before the service charge of about AED 11,300 a year.

Sales and rents for 2803 over time

Sales
Unit 2803, 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, April 2018: AED 864,000 (AED 1,826 per sqft)Sold, July 2024: AED 1,139,467 (AED 2,229 per sqft)Sold, October 2024: AED 1,115,000 (AED 2,181 per sqft)

2803 has sold 3 times; the dashed line is the one-bed median of each year in the building.

Rents
Unit 2803, 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, September 2022: AED 65,000 a yearNew contract, February 2023: AED 65,000 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 2803 sits

All 293 1-beds →

2803 last sold in October 2024 at AED 2,181 per sqft, in line with what one-beds in Vera Residences were fetching at the time (AED 2,183). 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. 2803's AED 65,000 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 28th floor

All 522 units in Vera Residences
Value
28012-bedAED 1.41M · Jun 2018
28022-bedAED 2M · Mar 2025
28042-bedAED 1.43M · Jun 2018
28052-bedAED 1.41M · Nov 2024
28062-bedAED 1.6M · Sep 2025
28072-bedAED 1M · Feb 2022
28082-bedAED 1.38M · May 2018
1–7 of 20

2803, Vera Residences in numbers

  • Sold 3 times: first on 9 April 2018 for AED 864,000, last on 1 October 2024 for AED 1,115,000 (AED 2,181 per sqft).
  • Rented since September 2022 on 2 Ejari contracts, at AED 65,000 a year.
  • At AED 65,000 a year the gross yield on the 2024 price is 5.8%, before a service charge of about AED 11,300 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 1 October 2024.

Questions about 2803, Vera Residences

What did unit 2803 last sell for?

AED 1,115,000 on 1 October 2024: AED 2,181 per sqft for 511 sqft. The unit has 3 registered sales; the first was AED 864,000 in April 2018.

What is the rent for unit 2803?

AED 65,000 a year on the contract signed on 8 February 2023. The previous contract, from September 2022, was AED 65,000.

How big is unit 2803?

511 sqft (47.5 sqm): a one-bedroom apartment on the 28th floor of a 28-storey tower completed in 2022.

What is unit 2803 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 2803, Vera Residences

Starts from the last sale price (AED 1.12M, 1 October 2024). Switch to today's estimate once you have unlocked it.
Price
AED 1,115,000
Deposit, UAE resident (20%)
AED 223,000
Deposit, non-resident (40%)
AED 446,000
Monthly over 25 years at 3.7%
AED 4,562

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