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2-bed · 890 sqftVera Residences, Business Bay · 4th floor · completed 2022

402, Vera Residences

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

Unit 402 · DLD and Ejari recordsUpdated 26 December 2025
Last soldAED 1.28M30 August 2018
Current rentAED 106K /yr26 December 2025
Estimated yieldfree after one verification
Today's valuefree after one verification
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Property timeline for 402, Vera Residences

What is 402 worth today?

Last sold for AED 1,275,000 in 2018

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26 Dec 2025RentedRenewal
AED 106,000/yr6 months · AED 119 per sqft
27 Jun 2024RentedNew contract
AED 100,000/yr12 months · AED 112 per sqft
26 Dec 2023RentedRenewal
AED 100,000/yr6 months · AED 112 per sqft
26 Dec 2022RentedNew contract
AED 95,000/yr12 months · AED 106 per sqft
30 Aug 2018Sold by developerOff-plan
AED 1,275,000AED 1,431 per sqft

Source: Dubai Land Department. Updated 26 December 2025.

Key facts

Type
2-bed apartment
Size
890 sqft
Floor
4th of 28
Parking
P2-007
Developer
DAMAC
Completed
2022
Service charge
AED 19,600 /yr
Last sold
AED 1.28M · August 2018
Building
Vera Residences

About 402, Vera Residences

402 is a two-bedroom apartment of 890 sqft on the 4th floor of Vera Residences, a 28-storey tower in Business Bay completed in 2022 by DAMAC. The developer sold it on 30 August 2018 for AED 1,275,000, or AED 1,431 per sqft, 5% above the AED 1,360 two-beds in the building were fetching at the time.

It has been rented continuously since 2022 on 4 Ejari contracts. The current contract, renewed on 26 December 2025, is AED 106,000 a year: a gross yield of 8.3% on the 2018 price, before the service charge of about AED 19,600 a year.

Sales and rents for 402 over time

Sales
Unit 402, 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, August 2018: AED 1,275,000 (AED 1,431 per sqft)

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

Rents
Unit 402, each contractTypical two-bed in Vera Residences
90K100K110K202220242026Typical rent by year: 2022 AED 90,000; 2023 AED 99,375; 2024 AED 110,000; 2025 AED 110,000; 2026 AED 100,000New contract, December 2022: AED 95,000 a yearRenewal, December 2023: AED 100,000 a yearNew contract, June 2024: AED 100,000 a yearRenewal, December 2025: AED 106,000 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 402 sits

All 225 2-beds →

402 last sold in August 2018 at AED 1,431 per sqft, 5% above what two-beds in Vera Residences were fetching at the time (AED 1,360). 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. 402's AED 106,000 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 4th floor

All 522 units in Vera Residences
Value
4012-bedAED 1.29M · Jul 2019
4031-bedAED 780K · Mar 2018
4042-bedAED 1.27M · Oct 2019
4052-bedAED 1.32M · Mar 2019
4062-bedAED 1.57M · Jul 2022
4072-bedAED 1.7M · Mar 2025
4082-bedAED 1.48M · Jul 2019
1–7 of 16

402, Vera Residences in numbers

  • Sold once: by DAMAC on 30 August 2018 for AED 1,275,000, or AED 1,431 per sqft.
  • Rented since December 2022 on 4 Ejari contracts, from AED 95,000 to AED 106,000 a year.
  • At AED 106,000 a year the gross yield on the 2018 price is 8.3%, before a service charge of about AED 19,600 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 26 December 2025.

Questions about 402, Vera Residences

What did unit 402 last sell for?

AED 1,275,000 on 30 August 2018, sold by the developer: AED 1,431 per sqft for 890 sqft. It is the only registered sale of the unit.

What is the rent for unit 402?

AED 106,000 a year on the contract renewed on 26 December 2025. The previous contract, from June 2024, was AED 100,000; the unit has been rented since December 2022.

How big is unit 402?

890 sqft (82.7 sqm): a two-bedroom apartment on the 4th floor of a 28-storey tower completed in 2022.

What is unit 402 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 402, Vera Residences

Starts from the last sale price (AED 1.28M, 30 August 2018). Switch to today's estimate once you have unlocked it.
Price
AED 1,275,000
Deposit, UAE resident (20%)
AED 255,000
Deposit, non-resident (40%)
AED 510,000
Monthly over 25 years at 3.7%
AED 5,216

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